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...
[vc_row][vc_column width=”1/1″]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:...
[vc_row][vc_column width=”1/1″] 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...
[vc_row][vc_column width=”1/1″] 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...
[vc_row][vc_column width=”1/1″]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...
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