With Vancouver prices up, a call for curbs – Ask a Vancouver Mortgage Broker

Along with a jump in house sales, house prices in Vancouver have risen sharply and will likely continue to climb in the new year, pushing some frustrated house hunters to call for curbs on the foreign buyers they blame for stoking the rapid ramping up of housing values. B.C.’s real estate market powered through third-quarter […]

The rising tide of home ownership may have finally met its match – Ask a Vancouver Mortgage Broker

Maybe there is one temptation out there to get Canadians to stop buying homes. Cheaper rent. Women the new ‘wildcard’ in the condo market The growing number of women buying condos might be creating a paradigm shift in the industry that planners didn’t expect. Find out more Anyone sitting on the sidelines considering whether to buy […]

Women the new ‘wildcard’ in the condo market – Ask a Vancouver Mortgage Broker

Megan Vickell is a new brand of condominium owner that people predicting a market crash may have forgotten to factor in. She’s young, single and ready to buy her first home. And, more importantly, she’s female — part of a growing demographic that just might be creating a new paradigm in the housing sector. A […]

Former Goldman Sachs investment banker appointed to head CMHC

Canada named Evan Siddall, a former official with Goldman Sachs Group Inc., as chief executive officer of the country’s government-owned housing agency. Siddall, who has been a special adviser to the Bank of Canada Governor for the past two years, will serve a five-year term at Canada Mortgage & Housing Corp. starting Jan. 1, the […]

The penalty box – Ask a Vancouver Mortgage Broker

ROB CARRICK – The Globe and Mail

Do early mortgage renewals save or cost you money – Ask a Vancouver Mortgage Broker

A rate in the hand is worth two in the bush. Many mortgage lenders want you to believe that rate certainty is worth paying a premium for. It is the justification, they say, for staying with them and renewing your mortgage early. Early renewal features typically let you lock in a new rate two to […]

Re/Max forecasts ‘exceptionally healthy’ real estate market in 2014

MISSISSAUGA, Ont. — Canada can expect an “exceptionally healthy” housing market in 2014 thanks to improvements in the overall economy that helped produce a surge in the latter half of this year, a leading real estate group said Wednesday. Can’t afford Canadian property? Downsize your home, upsize your storage locker With the condo market in […]

3 Reasons to Refinance Your Mortgage – Consult with a Vancouver Mortgage Broker

Refinancing your mortgage – it sounds scary at first! But having the option to refinance can actually be a good thing. In fact, refinancing your mortgage can be a great financial tool – one that helps you accomplish financial goals at a low interest rate – but be careful! A refinance leaves you on the hook […]

Broker Channel Market Share – Q3- Ask a Vancouver Mortgage Broker

It seems that more power is being concentrated in the hands of fewer lenders. The mortgage broker channel’s top 10 lenders accounted for 85.6% of its volumes last quarter, according to data from D+H. That’s the highest level since we started tracking D+H market share reports in 2010. It’s against that backdrop that we see a micro trend taking […]

The hidden trap of mortgage penalties at the big banks- Ask a Vancouver Mortgage Broker

ROB CARRICK – The Globe and Mail It’s easy to get caught in the posted mortgage rate trap at the big banks. No, you won’t have to pay the posted rate on your next mortgage. Pretty much nobody does that any more, according to mortgage broker Robert McLister. The real danger is that posted rates will be […]

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