For the first time in seven years, the Bank of Canada announced today that it was increasing its key overnight rate by a quarter percentage point (25 basis points) bringing it to 0.75 percent as the economy has staged a broadly based economic expansion this year. In a break from tradition, the Bank has taken […]

If you haven’t heard, you have now! The Bank of Canada may raise its trend-setting interest rate. Wednesday July 12th is when it is set to review its interest rate policy. Click here to read the full article  

Great insights from Dominion Lending’s economist Dr. Sherry Cooper.  In the article below she speaks to the decision today to leave rates unchanged in the US but could see hikes coming soon with the uncertainty of the Trump administration.  Click Here to Review Full Article

Everyday we are getting updates with what lenders will participate in the new down payment loan program annoucned on December 15th by the BC Government.  CMLS Financial has confirmed that they will take part in this program that will allow first time home buyers to take a loan from the BC government to form part […]

Everyday we are getting updates with what lenders will participate in the new down payment loan program annoucned on December 15th by the BC Government.  Street Capital Financial has confirmed that they will take part in this program that will allow first time home buyers to take a loan from the BC government to form […]

BC Assessed Values are now available online.  Don’t be too surprised when you see a substantial increase over 2015.  For property owners where your value is over $1.2M, unfortunately you no longer qualify for the Home Owners Grant for your 2017 property taxes.  If you would like to see your value before receiving it in […]

We’re still waiting on details to unfold regarding this new program  and what banks and lenders will support it.  So far we’ve heard from one insurer on how they will handle it.  Here’s what we know so far and I will continue to update my blog with further details.  All borrowers must be first time […]

If you would like more information on credit and how to ensure you have good credit, click the link below to get a full guide on how your score is derived and how to keep it above the minimum that banks and lenders want to see in order to approve your mortgage or other loans.  […]

If you are wondering about how you are affected with the new mortgage rule changes announced in October 2016, click on the link to find out the most recent changes and how much you can afford under the new rules.  If you are still wanting further clarification, call my office at 604-552-6190 and I will […]

With some lenders moving towards collateral charge mortgages, it’s important to understand the differences between a collateral and a standard charge mortgage. The primary difference is that a collateral charge mortgage registers the mortgage for more money than you require at closing. For instance, up to 125% of the value of the home at closing […]