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The Most Important Question This Spring

The Most Important Question This Spring

Short Version:   The most important question a home-seller must ask their Broker or their banker this spring: ‘Do I QUALIFY to port my mortgage?’   You must re-qualify to port your mortgage to a new property, and you must re-qualify under stringent new...
What’s Changing Jan 1st?  Rates or Rules?

What’s Changing Jan 1st? Rates or Rules?

Upcoming changes to mortgage lending guidelines, the rules of borrowing, take effect Jan. 1, 2018 and while there’s been a fair bit of press coverage on this, there is also a fair bit of confusion.   What is NOT happening   Interest rates...
Are interest rates taking off without you?

Are interest rates taking off without you?

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 that kind of week folks.   Initial...
Life Is Variable, Perhaps Your Mortgage Should Be As Well

Life Is Variable, Perhaps Your Mortgage Should Be As Well

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 last time the media reported consistent...
Foreign Buyer Tax Impact, Or Lack Thereof

Foreign Buyer Tax Impact, Or Lack Thereof

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 notably other than in the 4M$ plus bracket....