Has Mortgage Debt Shot Up?

  WHAT ABOUT OUR DEBT LEVELS?   Amidst increasing media and water-cooler chatter of potential drops in real estate values of X%–Y%, let’s take a moment and review the systemic risk via mortgage debt numbers.   The first, and largest, piece of the puzzle...

A Slap In The Face… For CDN’s Too

[vc_row][vc_column width=”1/1″]In the News: 15% Property Transfer (bonus) Tax for Foreign Buyers. Short Version “Good intentions can often lead to unintended consequences” – Tim Walberg As Canadians we no longer appear to be a people that keeps out word....

Broken Telephone: Scotiabank and Vancouver Mortgages

[vc_row][vc_column width=”1/1″]A game of broken telephone…   Fact – Jenny says ‘I like Johnny’s friend Jim’.   Fiction – School newspaper runs with ‘Jenny caught kissing Johnny in gym’.   Detachment from Reality – Student chatter converts...

Subject Free Offers – Another Landmine Lurking

[vc_row][vc_column width=”1/1″]60 day Notice To Vacate…   …words every Mortgage Broker longs to see in an offer written on a tenanted property, in particular when the buyer has less than a 20% down payment.   For a client putting less than 20%...

No Bubble To See Here – Part 6 – Emotion

[vc_row][vc_column width=”1/1″]Why none of the math in previous posts in this series really matters…   Emotion   The largest investment in the entire process of purchasing real estate is the emotional investment.   Emotion drives the...