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Market Update – November 2015

Market Update – November 2015

Hello, We can just about say ‘another year’ of Real Estate craziness is behind us, because October was once again over the top busy and already we are seeing multiple offer situations in November from one end of town to the other. How crazy is it now you ask? We...
Gifted Down Payment for Rental Properties!

Gifted Down Payment for Rental Properties!

An interesting move regarding rental property financing. For those looking to purchase rental properties the minimum down payment has historically been at 20%  for some time, and so it remains. In years gone by this down payment money had to be proven to have...
Market Update August 2015

Market Update August 2015

Another (new) normal month in Vancouver Real Estate.  New highs, multiple offers, frenzy, madness….yawn. its officially the same old same old. The market stats paint the same picture as last month. Hot Hot Hot! So hot we had water restrictions for a while, Click here...
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...
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...