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Vancouver Real Estate; Candy For The Kids

Vancouver Real Estate; Candy For The Kids

Housing & Smarties   All levels of government are trying to control a situation akin to that of 22 kids that want a Smartie, and there are only six-and-a-half Smarties to be had.   As authority figures tend to, they are creating all kinds of rules about...
An Ineffective BC Budget

An Ineffective BC Budget

Let’s look at the impact, or lack thereof,  of one piece of the newly announced BC budget; The Foreign Buyers Tax.   Short Version   It was implemented poorly last time, and it’s being implemented poorly this time.   Both political parties...
Three (OK, Two) Reasons Rates Will Not Hit 5%

Three (OK, Two) Reasons Rates Will Not Hit 5%

The link below is worth a read if you are concerned about rates, and I agree with two of three points. #2 not so much.   Short Version Inflation is non-existent The pain would NOT be catastrophic (As explained in past posts) New Mortgage Rules are the ‘New...
What about this recent Bank of Canada interest rate increase?

What about this recent Bank of Canada interest rate increase?

What about this recent Bank of Canada interest rate increase?   Short Version   I am not locking in myself I am staying variable For a variety of reasons   Long Version   If your discount from Prime (now 3.20%) is 0.50% or deeper – then the...
You Need To See This…

You Need To See This…

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: Have you got: Excellent credit? Huge down...