I thought I’d share some recent news on First Time Buyers incentives, as there has been some significant change in the last weeks. These incentives were the topic of my last Newsletter, which you can find archived here. First to the good news from the Provincial Government of BC, There have been major changes to the Property Transfer Tax Exemption rules for First Time Homebuyers.…
I thought I’d share some recent news on First Time Buyers incentives, as there has been some significant change in the last weeks. These incentives were the topic of my last Newsletter, which you can find archived here. First to the good news from the Provincial Government of BC, There have been major changes to the Property Transfer Tax Exemption rules for First Time Homebuyers.…
It’s that time of the month again. The US has released their CPI (Consumer Price Index) Statistics for January 2024. The Inflation indicators came in hotter than expected, which means that the much anticipated Bank of Canada rate cuts may have to wait and we may even see fixed mortgage rates creep up in the near term. U.S. consumer prices surged unexpectedly in January, driven…
Welcome to Post for Canadian first-time homebuyers! I'm thrilled to guide you through this exciting journey towards homeownership. In this edition, we will explore some select buyer incentives that can significantly impact your buying experience. From understanding the nuances of the First-Time Home Buyer Incentive (FTHBI) to navigating the Newcomer Housing Programs, I'm here to demystify these opportunities for you. My goal, as always is…
Year-End Mortgage Wrap-Up: Insights and Outlooks As we approach the end of 2023, I wanted to take a moment to reach out and reflect on the year that has passed. It has been a year filled with both challenges and opportunities in the Canadian housing market, and I am grateful for the trust and confidence you have placed in me as your mortgage broker. 2023…
Elevate Your Financial Appeal: Your Key to Better Mortgage Terms In the quest for the best mortgage renewal terms and rates, an often-overlooked strategy is ensuring your financial profile is attractive to competing lenders well ahead of the renewal date. This is where early discussions with your me, you broker become invaluable. These discussions don't just open doors to better rates and terms; they position…
Hi Everyone, I have recently been coming across a large number of clients in this situation so I thought I’d dedicate a blog entry to it. Wanting to buy a house and willing to move, but tied to their current job. Like many of my generation (and others), the large gains to be made from Lower Mainland property inflation has passed us by and is…
You might have seen the recent Benchmark Rate Decrease announcement in the news. What does this mean for Buyers and Refinancers? Will this revive the slumping Vancouver Housing Market? Let's Revisit the Stress Test In 2018 the Stress Test took affect and change how ALL Canadian Mortgages are now qualified. Before the Stress Test you would be qualifying a conventional 5 year fixed at the…
I thought I’d dedicate a blog post to this topic as I have many inquiries from clients looking into doing this as well as there being great difference between lender policy. Why Not Rent Out Your Apartment For Long Term Gain? I am contacted regularly by second time (move up) buyers who want me to find a way for them to keep their first property…
[big_title]Do you LOVE to cook?[/big_title] While I’m not a great cook, I enjoy it much more when cooking with the best equipment. That is why I am giving away Cutco Knives. These high quality - lifetime guarantee knives will surely be a welcome addition to your kitchen. I have owned many other brands of knives and they eventually break, bend or deteriorate and I still…
