Select Page
A 235 Year Amortisation!

A 235 Year Amortisation!

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 Driving a New Payment

Test Driving a New Payment

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, are they valid?

Pre-Approvals, are they valid?

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...
Bi-Weekly Payment Clarity.

Bi-Weekly Payment Clarity.

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 ‘Accelerated’. Short Version: Basic bi-weekly mortgage...
Market Update – May 2015

Market Update – May 2015

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. Highlights from the April MLS Stats; 343 sold of...

Vancouver Real Estate & Our Vanishing RRSP

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 sharp drops) with a net gain of less than 2%...

Subject Free Offers in the land of Multiple Offer Madness

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 around the Bank of Canada rate reduction...