A picture is worth 1,000 words. (actually just 136) There seems much angst and concern from Government regulators over a first time buyer with less than 20% down taking longer than 25 years to pay off on appreciating (or at least historically stable) asset....
Test Drive your new mortgage payment today. In both rising markets and softer markets there will always be people contemplating a move to a larger home, often with a larger mortgage to accommodate. How many of us takes steps in advance to prepare for a payment...
Pre-approvals, more important and less concrete than ever Short Version A mortgage pre-approval is little more than a ratehold. A second alternate credit report can be accessed by the lender/insurer and its contents devastating. A mortgage pre-approval is not fully...
[vc_row][vc_column width=”1/1″]There has been a post circulating around social media over the past few weeks that has created confusion around the benefits of bi-weekly mortgage payments. The keyword omitted from the conversation is...
[vc_row][vc_column width=”1/1″]Market Update The past month has found me a tad too busy writing mortgages to be writing Blog posts. That said I look forward to laying down some mathematics and opinions again soon. For now I provide some Market data....
[vc_row][vc_column width=”1/1″] Defining ‘unaffordability’ Critics of real estate ownership often cite the average detached Vancouver house price against household income, e.g., ‘Today the(Vancouver) median income is $71,660 and the average...
[vc_row][vc_column width=”1/1″]Part 2 Are Vancouver Real Estate Values Sustainable? Short Version Yes. Easily. Long Version No doubt that question may seem laughable to some. The thing is, depending upon one’s age, this questions has seemed laughable...
[vc_row][vc_column width=”1/1″]After years of proclaiming that the Vancouver real estate bubble is going to burst any day now, the cynics were strangely silent for most of 2014, perhaps stifled by a market that did not really let up all year long. With the...
[vc_row][vc_column width=”1/1″] Vancouver Real Estate & Our Vanishing RRSP Originally posted on May 4, 2013. Please enjoy an updated and expanded version. In the spring of 2012, after a 15-year roller-coaster ride on the stock market (huge gains and...
[vc_row][vc_column width=”1/1″]Lenders reduced their ‘Lender Prime’ by 0.15% over the last few days, as opposed to the 0.25% they could, and arguably should, have done. This occurred a few days after last weeks explanation of what was happening...
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