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You Need To See This…

You Need To See This…

New mortgage rules are headed our way this fall, and they will affect you.   Short Version: As of this fall (no specific date set yet) you will qualify for 25% less mortgage money than you do today.   Long Version: Have you got: Excellent credit? Huge down...
Are interest rates taking off without you?

Are interest rates taking off without you?

The image is of an actual flight leaving without me July 14, 2017. Despite being given 90min extra due to a delay…I missed it! A first in 25 years of solo travel. I also missed calling this rate hike accurately. It was that kind of week folks.   Initial...
Life Is Variable, Perhaps Your Mortgage Should Be As Well

Life Is Variable, Perhaps Your Mortgage Should Be As Well

The case for variable has always been strong, although often a few misconceptions must be addressed to clarify why this is.   Economic good news is what pushes interest rates up, not economic bad news. When’s the last time the media reported consistent...
Foreign Buyer Tax Impact, Or Lack Thereof

Foreign Buyer Tax Impact, Or Lack Thereof

The chart from a recent CMHC presentation says it all.   ***Note*** The percentage numbers on the right of the image are the total number (quantity) of sales – NOT the sales price.   Prices have not declined notably other than in the 4M$ plus bracket....
Mortgage-Geek History

Mortgage-Geek History

The average person if stopped on the street and asked; Are today’s low interest rates driving up house prices? Would likely say ‘yes’. They would be wrong. And we can let their lack of understanding pass, after all we can agree that math mostly...
All Your Eggs In One Basket?

All Your Eggs In One Basket?

COLLAPSING OUR RRSP & VANCOUVER REAL ESTATE Annual Update – April 16, 2017 In the spring of 2012, after a 15-year roller-coaster ride on the stock market (huge gains and sharp drops) with a net gain of less than 2% on the total contributions made, it was...
Vancouver Real Estate

Vancouver Real Estate

No significant reading for you this morning. Instead you can click here to have a listen in on a chat I had with a couple of expert Vancouver Realtors… Matt Scalena, and Adam Scalena host a great series of interviews with locals about the Vancouver Real Estate...
A Short Post Linking To Five Short Posts

A Short Post Linking To Five Short Posts

It may seem like I have not been writing much on the market so far this year, in fact I have but most of it has been as guest pieces on industry related sitee. A lot of it may interest you as well. What is our government up to? (restricting your ability to borrow is...
Is Today The Right Day To Buy Yourself A Home Or Not?

Is Today The Right Day To Buy Yourself A Home Or Not?

Q. Is today the right day to buy yourself a home or not?   A. Today is the right day assuming one has found a specific property that works for them on all levels.   This question arises on a near daily basis within our social circles, at least in Greater...
2017 Spring Market Prediction & Warning

2017 Spring Market Prediction & Warning

Most Realtors I speak with on a day-to-day basis have buyers starting to stack up like cordwood, and a very limited supply of properties to show said buyers.   I have written posts for several years outlining why ‘there is no bubble’, and little has changed....