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Three (OK, Two) Reasons Rates Will Not Hit 5%

Three (OK, Two) Reasons Rates Will Not Hit 5%

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 posts) New Mortgage Rules are the ‘New...
What about this recent Bank of Canada interest rate increase?

What about this recent Bank of Canada interest rate increase?

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 3.20%) is 0.50% or deeper – then the...
But They Said It Was Portable…

But They Said It Was Portable…

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...
Impending Doom Averted, This Time

Impending Doom Averted, This Time

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...
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...