Category: real estate news

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 »

15% property transfer tax on foreign buyers – what next?

Vancouver foreign buyer tax

Some trends to look for in real estate in the coming months Wow!  I honestly did not see this day coming…it must have been the last 6 years of writing about it consistently…they are listening to me!  Or not.  I simultaneously had both the reactions “They finally did something about this” and “This seems heavy handed.”… Read more »

Cash in on your property values with a refinance!

mortgage refinance

If you have followed my blog for a while, I think you would understand me saying that I find it difficult to come up with interesting original material to provide.  I mean…I am selling getting into the biggest DEBT that most people will ever likely incur, and I talk about a local housing market that… Read more »

Toronto home prices “push the boundary”: BNN

Vancouver foreign buyer tax

There is a video on the BNN website in which they interview an economist with Mortgage Brokers Canada.  He talks about the hot housing market in Toronto (which is the second hottest home market in Canada to Vancouver) among other things.  One of the primary aspects of the hot market that he talks about is… Read more »