[vc_row][vc_column width=”1/1″]Housing & Smarties All levels of government are trying to control a situation akin to that of 22 kids that want a Smartie, and there are only six-and-a-half Smarties to be had. As authority figures tend to,...
[vc_row][vc_column width=”1/1″]Let’s look at the impact, or lack thereof, of one piece of the newly announced BC budget; The Foreign Buyers Tax. Short Version It was implemented poorly last time, and it’s being implemented...
Are You in a Variable-Rate Mortgage? Me Too. If you’re in a fixed-rate mortgage, this news has no impact on you. Mind you, ‘impact’ is too strong a word for the subtle shift that occurred Jan 17, 2018. Short Version The math is as follows: A payment increase of...
2018 Here We Go! I’ve always believed in ‘The 1% Difference‘. My theory is that whatever the challenge, if approached with 1% more effort than average, it will be met with success. If not immediately, then almost certainly over the longer term (thanks to the magic of...
[vc_row][vc_column width=”1/1″]Upcoming changes to mortgage lending guidelines, the rules of borrowing, take effect Jan. 1, 2018 and while there’s been a fair bit of press coverage on this, there is also a fair bit of confusion. What is NOT...
[vc_row][vc_column width=”1/1″]By now the Media, along with multiple mortgage brokers social media feeds, have likely let you know that more changes to your ability to get a mortgage are arriving soon. But so what? Should you care? Short...
[vc_row][vc_column width=”1/1″]The link below is worth a read if you are concerned about rates, and I agree with two of three points. #2 not so much. Short Version Inflation is non-existent The pain would NOT be catastrophic (As explained in past...
[vc_row][vc_column width=”1/1″]What about this recent Bank of Canada interest rate increase? Short Version I am not locking in myself I am staying variable For a variety of reasons Long Version If your discount from Prime (now...
Short Version: The question most often asked: ‘Is my mortgage portable?’ The answer most often given: ‘Yes.’ This answer is increasingly wrong. In reality you qualify to move ~80% of the balance… maybe. If you are thinking of: Moving...
Basic Renewals Will the impending doom, er… changes, hurt homeowners simply renewing their mortgage with their current lender? No. If your life is easy, things are easy. Thus far the government has continued to leave renewals alone. And one can...
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