Category: real estate news

About the BC Home Partnership Program

zero down home purchase

The newest program initiative offered by the BC government has been officially launched as of Jan. 16th.  The program is called the BC Home Partnership Program, and under the terms of the program, eligible first-time homebuyers will be able to receive 5% of the value of your home purchase up to a maximum of $37,500… Read more »

Happy New Year! A year in review for real estate and mortgages

First of all, I want to wish everyone out there a Happy New Year.  2016 was an interesting year, with many twists and turns for the real estate market in the Greater Vancouver Area.  Mortgage brokers like myself are still trying to get our bearings after being spun in so many circles.

First-Time home buyer program announcement from BC government

smith manoeuvre

The BC government today announced a program to help first-time home buyers to get into the market and purchase a home.  The program matches the downpayment of the borrower dollar for dollar in the form of a second mortgage to a limit of $37,500.  The mortgage provided will be a 25 year amortized mortgage with… Read more »

Mortgage rule announcements and how it affects you

What changes were announced today? Insured mortgages will be qualified at 5-year benchmark rate of 4.64% You will now need to be qualified for a 5 year fixed mortgage as if you were getting a rate of 4.64%. Talk about pulling out a jackhammer where a chisel was needed!  If you are currently buying a… Read more »