812, 2022

Shorter-Term Fixed-Rate Mortgages

December 8th, 2022|Mortgage Rates|0 Comments

Shorter-Term Fixed-Rate Mortgages Recently, experts are noticing that shorter-term, fixed-rate mortgages are becoming increasingly popular among Canadian homeowners and house hunters seeking the certainty of a steady rate but looking for more flexibility in their financing. As the Bank of Canada gets seemingly closer to the peak of its interest rate tightening cycle, people may look to

212, 2022

2 New Housing Amendments

December 2nd, 2022|Provincial Government|0 Comments

Incoming Housing Amendments Recently, the Premier of BC changed as John Horgan stepped down to have more time with his family. The new Premier, David Eby, was sworn into office this month and has already begun to propose some new changes. One of the new changes involves housing changes. The new housing plan was announced on

2111, 2022

House Flipping 101

November 21st, 2022|House Flipping|0 Comments

House Flipping As many who have been following the news in the past few weeks probably understand the reality that house prices are dropping and interest prices are increasing. For some, this does not change your decision making as you are happy living where you are and plan to hold your real estate for many years

1011, 2022

Missed Mortgage Payments

November 10th, 2022|mortgage payments|0 Comments

So What Happens if I Miss a Mortgage Payment? That is a great question. Let’s examine that in today’s blog. Since interest rates have been on the rise, home owners that own a variable rate have been susceptible to jarring monthly payment increases. A recent survey found that 1 in 5 Canadians say they are concerned they

311, 2022

Bank of Canada Rate Increase #5

November 3rd, 2022|Bank of Canada|0 Comments

Bank of Canada Rate Increase You are probably used to seeing us use these words, but the Bank of Canada has again raised the key interest rate. The Bank of Canada has decided to increase rates by 0.5. It is a historic year as the Bank of Canada has never had five increases of 0.5% or more

2910, 2022

Mortgage Scams

October 29th, 2022|mortgage scams|0 Comments

Mortgage Scams This week we are going to dive into a concern we are starting to see, which is why we want you to understand the risks as much as possible. With money stresses, recessions looming, and technology at the highest level it has ever been at, scammers are getting trickier with their methods.  It is understandable

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