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Bank Of Canada Say What?

Bank Of Canada Say What?

Huge News! Huge, this is just huge… (it’s not) Last week the Bank of Canada lowered the ‘Benchmark’ rate from 5.34% to 5.19%, this is a number that: dictates maximum mortgage money access for those with less than 20% downto which the federal...
2019 Federal Budget – Gift wrapped… gift wrapping

2019 Federal Budget – Gift wrapped… gift wrapping

The Missing Link?    The missing link between home ownership and perpetual renting remains supply. Either supply of homes to purchase, or supply of money with which to purchase.   The 2019 Budget addresses neither of these supply issues....
BC Assessment vs. Market Value

BC Assessment vs. Market Value

Property Assessments vs. Market Value   Do not rely on your BC assessment for a fair market value of your property. The ‘assessed’ value was determined last July, your local market may have changed since then.   Do not rely entirely on a buyer’s opinion or a...
Variable Rate? To Lock In Or Not?

Variable Rate? To Lock In Or Not?

To Lock In or Not? This video applies if you are taking a new mortgage, whether it’s for a purchase, refinance, or renewal. The variable remains the main contender. But what about all the economists saying if you are currently in a variable rate mortgage then...
Subject Free Offers; Still Risky!

Subject Free Offers; Still Risky!

This week we discuss writing a Subject-Free offer, or perhaps not doing so.  Specifically we look at why you may want to cool your jets and have a detailed conversation about your plan with your Mortgage Broker well in advance of writing such an offer. As it turns out...