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Saturday, July 23rd, 2016

The newly rich: How your world changes when downsizing creates a windfall

You may never have imagined yourself sitting on a financial windfall and wondering what to do with it but many older Canadians who have lived through the housing market’s finest hours are facing just that. If the investment in your family home has paid off handsomely over your lifetime, there might come a time to […]

Nine ways to power-save your way to a down payment- ask a Vancouver mortgage broker

The question that comes up more and more in the country’s expensive housing markets is: Where are first-time buyers getting the money? Parental help is a big factor, so much so that the federal agency Canada Mortgage and Housing Corp. has launched a study of the phenomenon. Also, it’s virtually a given that today’s buyers […]

Young urban condo buyers: Why not rent instead? – Consult with a Vancouver Mortgage Broker

Question for all the young adults buying condos these days: What are you thinking? Rent that little box in the sky and save your money for a house later on. Don’t buy something you’re going to grow out of in a few years. “When you run the numbers, renting is probably a bit cheaper,” said […]

Does it make more financial sense to own a condo or rent an apartment? – Ask a Vancouver Mortgage Broker

DAN BARNABIC Contributed to The Globe and Mail From The Condo Bible for Canadians, Everything you must know before and after buying a Condo, by Dan S. Barnabic. Copyright © 2013 by Dan S. Barnabic. Reprinted with permission of Neon Publishing Corp. Investing vs. Renting: “In Principal”For many people, it is more advantageous to own rather […]

StatsCan’s National Household Survey – Consult with a Vancouver Mortgage Broker

StatsCan’s National Household Survey Three out of five homeowners are saddled with mortgages. But in many ways it’s harder being a renter. Statistics Canada finds that a significantly larger percentage of renters are overextended than homeowners in this country. That’s one of the more noteworthy findings in its National Household Survey (NHS) data released this week. Other highlights:   […]

One couple’s all-in bet on rising real estate – Ask a Vancouver Mortgage Broker

DIANNE MALEY- Special to The Globe and Mail Mel and Melanie have a home in Quebec, three rental properties and a mountain of mortgage debt. But Canadians love their real estate, so now that Melanie is back at work, they want to buy more. He is eyeing a commercial property, while she wants a vacation home […]

How to turn your property into a vacation rental- Ask a Vancouver Mortgage broker

Want to make a few extra bucks renting out your home when you’re out of town? Or maybe you have a cottage you’d like to rent out when you’re not using it. Here’s what you need to know to turn your property into a money-making vacation destination. Dropping off the keys All property owners have […]

Are You Using Your Home for your Retirement Income? – Ask a Vancouver Mortgage Broker

Are You Using Your Home for your Retirement Income Many people who bought a home use to expect that they would pay off their mortgage before they retired and would apply that equity to fund their retirement. Surprisingly, for many people, especially for those who are in the 50 plus age bracket, this is not going to […]

The Rules have Changed for Vancouver Revenue Property

The Rules have Changed for Vancouver Revenue Property It wasn’t so long ago that you could buy a rental unit with virtually no money down and low interest rates to be used as revenue property in Vancouver. Times have changes drastically when it comes to buying revenue property in today’s mortgage market. Now, if were […]

Buying a Vancouver Condominium – Consult with a Vancouver Mortgage Broker

Buying a Vancouver Condominium – Consult with a Vancouver Mortgage Broker Condominiums are a hot ticket item these days in the Vancouver real estate market. The condominium market is slightly different from the housing market as there are some extra things to keep in mind if you plan to go this route. Like real estate, […]

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