Renovations demand flexible financing choices – Consult with a Vancouver Mortgage Broker

Fourth in a series. Whether you are selling your home, buying a new one or simply planning to stay put, renovations will at some point likely become a part of your financial planning. You may decide to renovate to get your house ready to put on the market and perhaps increase the selling price. You […]

Leaving the city (and the big mortgage) behind – Ask a Vancouver Mortgage Broker

Slightly more than three years ago, I sat down with my wife after a lousy commute and discussed why we were still in Toronto. Sure, she had a good job in the city, but I was freelance, and with two young children in elementary school, we pondered whether there were other options. The positives were […]

More self-employed hitting mortgage wall because of recent rule changes

For years, most of Marg Green’s self-employed clients could count on getting a mortgage on the strength of their credit score, and on their word that they were earning enough from their business to repay the loan. These days, because of rules brought in almost two years ago by the regulator of the country’s chartered […]

Home buyers squeezed out of market must save more – or settle for less – Consult with a Vancouver Mortgage Broker

DAVID ISRAELSON- Special to The Globe and Mail When the Occupy movement hit the headlines in 2011, we heard about the 99 per cent, but when it comes to getting a mortgage there’s another group in Canada – the 9 per cent. These are the nearly one in 10 prospective home buyers who as recently as […]

Realtors say Canada’s housing market can still grow – Ask a Vancouver Mortgage Broker

Home sales and prices are expected to still grow over the next two years, albeit at a slower pace, says the national organization that represents realtors. In Canada’s housing market here’s what $500 K buys: A lake in Edmonton … a condo in Toronto From four bedrooms in Windsor to one-bedroom in Vancouver, check out […]

Canadian first-time home buyers’ budget rises to $316,000, 6% more than last year – Consult with a Vancouver Mortgage Broker

TORONTO — A Bank of Montreal report on first-time home buyers says the average budget has increased to $316,100. That’s up nearly 6% from an average of $300,000 in last year’s report on first-time home buyers. The BMO study says a sample of prospective buyers in Vancouver, Toronto and Calgary had even higher budgets for […]

Record home building in Canada drives spike in building permits – ask a Vancouver mortgage broker

Record Canadian housing construction led a faster-than-expected gain in building permits in January, government data showed one day after the central bank predicted a soft landing in the country’s real estate market. North America’s top 20 housing markets: Vancouver, Toronto, Calgary among most expensive Is Canada’s market overheated? Here’s a look at the prices in […]

Get ready for house prices to continue to rise in Toronto- Ask a Vancouver Mortgage Broker

It’s only two weeks of data, but the Toronto Real Estate Board is reporting the first 14 days of February saw existing home prices continue to rise. Safe as houses? Canadians think their homes will fund their retirement Almost a quarter of Canadians say they are planning on using their home as their primary source […]

What you need to know before, and after, buying a condo- ask a Vancouver Mortgage Broker

What you need to know before, and after, buying a condo ROB CARRICK.  –  The Globe and Mail    Your life as a homeowner will likely include some time in a condo. Condos suit young adults, and retirees who want to downsize. As houses rise in price, more people in between those extremes may opt […]

Condo correction not in the cards for Toronto, Vancouver, says new report – Ask a Vancouver Mortgage Broker

The rental housing market has “passed it peak” but condominium investors can probably rest easy because vacancy rates will only edge up slightly, says a new report.   How Canada’s new immigration rules could slow high end real estate sales Canada’s luxury housing market has already been impacted by changes to immigration policy and could […]

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