As you may have heard, The Bank of Canada has raised the policy interest rate to 1.75% which in turn will force most Canadian financial institutions to increase their prime rates; most will be at 3.95% by Friday. So what does this mean regarding rates today and...
As the market adjusts to mortgage rule changes, lender mortgage issuance requirements, provincial policy changes, and everyone's favorite the "Trump Factor," some lenders are upping their game and offering two products that are at both ends of the spectrum. We now have access to two lenders,...
A survey of more than 750 real estate agents across Canada has revealed the top things home sellers can do to maximize the value of their home. The Royal Le Page poll found that the often-favored kitchen renovation is the best way to add value; an...
Today’s mortgage market has never been better when it comes to choice, but with choice, there also becomes a lot of confusion when elevating what mortgage is best for you. Mortgage lenders now practice quoting rates that have multiple conditions within the rate itself. Sometimes the...
The following excerpt is from a Promotional Feature, even though the information is supplied from one source it has a good explanation as the need for "Title Insurance" ***** Closing without title insurance is a major risk. Here's what your clients need to know about this important piece of...
The following foreign buyer property transfer tax update was provided by Tony Spagnuolo, Barrister & Solicitor Re: More P.T.T. Update Info So there I am on holidays, having a great time with the family, and the government goes and makes more changes to the 15% foreign buyer...
Last evening I had the pleasure of celebrating my 2016 achievements with my wife and our two friends Todd & Karen Connor who also were celebrating their 2016 achievements, we choose Savio Volpe 615 Kingsway Vancouver as our destination. I now understand why it was so...
Applications for the BC Home Partnership program start next week. To see if you qualify click here to https://www.bchousing.org/housing-assistance/bc-home-partnership/bc-home-partnership-calculator use a qualifier calculator. For a full review of the program and how it may be of benefit, please feel free to call me....
I am now a certified CHIP Reverse mortgage broker. The CHIP mortgage will allow me to help my clients who are over 55 and wish to access the equity in their home. This mortgage requires no payments. Below are some more details, but feel free...
There is no secret that the main topic of conversation within the real estate and the financial communities is housing prices in Vancouver, Toronto and now it looks like Victoria, British Columbia, and Hamilton, Ontario are also getting in on the act. The debate is ongoing...