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Will This Pain Ease Anytime Soon?

Will This Pain Ease Anytime Soon?

If you’re gainfully employed and in a fixed rate mortgage, especially one taken at under 2%, you may well be saying, what pain? If your in a variable rate mortgage with a static payment, you may also be asking; what pain? We are after all a nation at, or near,...
Did We Overpay?

Did We Overpay?

Did we overpay? A question at the top of many recent buyers minds. Also a statement coming out of some ‘helpful’ friend or relatives mouths, ignore them… they don’t know how to do math, and also they’re always the black cloud anyways aren’t they. What follows is math...
Will Your Payment Increase by 45%?

Will Your Payment Increase by 45%?

This was the headline, just another in a long list of what is essentially fast-food for the brain. Short Version Stop watching/reading the news – it’s primary purpose is to generate fear.Stay variable – especially if you’re at Prime-1.00% or...
Where’s It All Headed?

Where’s It All Headed?

The text below is very much the script from the 3 parts above. View and/or read as you prefer. Part 1. The fact is there’re more questions being created by daily twists and turns in all areas of our lives than there are answers. What we each do is we try to make...
Cooling Off & Blind Bidding; What’s It All About?

Cooling Off & Blind Bidding; What’s It All About?

‘cooling off’ !!! – seriously… I needed to cool off before writing this post. The Video link is all the written words that follow – your choice. What’s the (provincial) government talking about doing now? Short Version Nothing that will bring prices down,...
Interest Rates, Inflation, & Fear

Interest Rates, Inflation, & Fear

This is the video version of the text below. I was asked for a short video regarding Variable Rate Mortgages and whether or not to Lock In… Short Answer; No. No don’t’ lock in. Also no to the short video – you want short – tune out now. The Longer Answer? OK...
CMHC is back at it once again…

CMHC is back at it once again…

Who, What, When & Why? Short version; Who? – This impacts new buyers with less than 20% down payment who are purchasing properties below $1,000,000.00 What? – Three changes; No more borrowing a down payment (gifted down payment remains OK)New minimum...
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...