Vancouver home sales jump more than 50%, but prices lag – Ask a Vancouver Mortgage Broker

The country’s most expensive housing market is showing signs of surging sales but Vancouver is still lagging historical norms. Why real estate doomsayers continue to be wrong Mandy Coz needs a lead. She isn’t the first sales rep from a nearby real estate brokerage to cold call my parents’ home in the suburbs on behalf […]

No ugly downturn for condo market, even in Toronto: Consult with a Vancouver Mortgage Broker

TARA PERKINS – REAL ESTATE REPORTER The Globe and Mail A new report from the Conference Board of Canada predicts that the much-watched condo sector will avoid an ugly downturn, even in Toronto. Economists and policy-makers are keeping a close eye on condos, especially in the country’s most populous city, where cranes dot the sky. A […]

No more tightening needed after measures averted housing bubble: Flaherty – Consult with a Vancouver Mortgage Broker

Finance Minister Jim Flaherty said he isn’t planning new measures to restrain the country’s housing market because his past four rounds of action have already worked to avoid a bubble. ‘A tale of two markets’: Condominium prices falling while low-rise homes continue to soar A housing crash based on the type of home you have? […]

‘Free’ loyalty rewards may cost you up to $520 a year – Consult with a Vancouver Mortgage Broker

Credit card swipe fees can add up for merchants and consumers. But surcharging may not be the solution. By: Dana Flavelle Economy, The average premium credit card generates more than $400 a year in indirect merchant swipe fees – all so you can collect so-called “free” rewards. That’s on top of the $120 a year annual fee […]

The case for locking in your mortgage – Consult with a Vancouver Mortgage Broker

ROB CARRICK – The Globe and Mail You can’t go wrong if you respond to this week’s mortgage rate increases by locking in for five or 10 years. But at least consider the alternative: Variable-rate mortgages sound risky in today’s volatile interest rate environment, but they’re actually a quiet corner of the mortgage world right now. We’ve […]

Spring puts bounce back in Canadian home prices – Consult with a Vancouver Mortgage Broker

TORONTO — Canadian home prices jumped in May from April as a spring rebound in real estate continued in most cities, offsetting a couple of weak markets, the Teranet-National Bank Composite House Price Index showed on Wednesday. Upbeat new housing numbers could be ‘last hurrah’ New housing already purchased and in the pipeline continues to […]

Flaherty dismisses fears over housing slowdown – Consult with a Vancouver Mortgage Broker

Decreasing demand, construction a ‘healthy’ development, finance minister says The Canadian Press  Finance Minister Jim Flaherty is dismissing fears about Canada’s housing market, saying the current slowdown is welcome news and that there is no need for further government intervention. While some observers are expressing fears that a steep correction is underway that will bring […]

4 easy ways to reduce your mortgage costs – Ask a Vancouver Mortgage Broker

When it comes to saving on your mortgage, making pre-payments and shopping around at renewal time are good ideas By: Madhavi Acharya-Tom Yew Personal Finance writer The Georges live in a two-bedroom condo across from High Park. In the next couple of years, they hope to buy a house west of Toronto. They plan to use the […]

New Rules or Old Rules for Mortgages – From your Friendly Vancouver Mortgage Broker

New Rules or Old Rules for Mortgages – From your Friendly Vancouver Mortgage Broker During the previous four and a half years, the feds have introduced over two dozen changes in both new policies and regs that have had an impact on Vancouver home mortgages. With good intentions in mind, this Vancouver mortgage broker understands […]

Vancouver Mortgage Information for Newbies (Part 1) – From your Friendly Vancouver Mortgage Broker

Vancouver Mortgage Information for Newbies (Part 1) – From your Friendly Vancouver Mortgage Broker Many first time homebuyers can be a little bewildered by both the terminology and the types of mortgages available. This Vancouver mortgage broker can appreciate how daunting this process can be for you. To help you along, we’ve drawn up a […]

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