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What About The Numbers?

What About The Numbers?

Skewed Data Weak Data Murky Data Fuzzy Data If you own your home, and have no plans to sell, the best move may be to simply ignore the news reports around sales activity – over the next few months in particular. Things are volatile, and it’s difficult to...
Mortgage Payment Deferral

Mortgage Payment Deferral

No video this week, just text. (T.G. this one is for you my man!) Last weeks video was shot just before 2am at the end of what was then one of the most challenging weeks I’d experienced, ever. I simply had no juice left with which to compose written sentences,...
BC Assessments vs. Market Value

BC Assessments vs. Market Value

Property Assessments vs. Market Value Do not rely on your BC assessment for a fair market value of your property. The ‘assessed’ value was determined last July, your local market may have changed since then. Do not rely entirely on a buyer’s opinion or a seller’s...
Bank Of Canada Say What?

Bank Of Canada Say What?

Huge News! Huge, this is just huge… (it’s not) Last week the Bank of Canada lowered the ‘Benchmark’ rate from 5.34% to 5.19%, this is a number that: dictates maximum mortgage money access for those with less than 20% downto which the federal...
2019 Federal Budget – Gift wrapped… gift wrapping

2019 Federal Budget – Gift wrapped… gift wrapping

The Missing Link?    The missing link between home ownership and perpetual renting remains supply. Either supply of homes to purchase, or supply of money with which to purchase.   The 2019 Budget addresses neither of these supply issues....
Variable Rate? To Lock In Or Not?

Variable Rate? To Lock In Or Not?

To Lock In or Not? This video applies if you are taking a new mortgage, whether it’s for a purchase, refinance, or renewal. The variable remains the main contender. But what about all the economists saying if you are currently in a variable rate mortgage then...
Subject Free Offers; Still Risky!

Subject Free Offers; Still Risky!

This week we discuss writing a Subject-Free offer, or perhaps not doing so.  Specifically we look at why you may want to cool your jets and have a detailed conversation about your plan with your Mortgage Broker well in advance of writing such an offer. As it turns out...
Subject Free Offers; Still Risky!

Clarity Re Portability

Many clients ask what they think is the right question when it comes to moving their mortgage to a new property and all too often it leads to an incomplete and sometimes devastating answer. Ask better questions, get better answers. Don’t ask ‘is my...
Subject Free Offers; Still Risky!

Why So Many Documents?

Why does the Mortgage Broker want so many docs? – we actually don’t.   Why does the Mortgage Lender want so many docs? – they actually don’t.   Who wants all these docs? Who is it that does not trust what you are saying? That would be...
Fixed Vs. Variable – Two Bets, One Choice

Fixed Vs. Variable – Two Bets, One Choice

An age old debate, but why? Click Here for the Video Explaination   If you are still wondering about fixed vs. variable – it’s pretty firmly all about the variable, even with the July 11, 2018 Bank of Canada 0.25% rate increase factored in. Click...