All parties – bankers, lenders, mortgage brokers — have a responsibility to perform due diligence with every valued client we deal with. However, there is one step that is either over looked, or not valued, by some folks in this business. And it is a step that I feel should probably be held in the highest interests: placing our clients in a mortgage that will be serviceable not just today, but for years to come. (more…)

CTV reported that Minister Flaherty stated he would act again if needed to cool an over heated market. For most Canadians this could translate in to stiffer rules when applying for home financing. For most existing home owners changes would only have an impact if they choose to purchase a new home, refinance their existing mortgage, or at renewal time. (more…)

There is a new story about another change that is being made by CMHC with the primary aim of cooling the mortgage market. What they are going to do is cap government guarantees of securitized mortgages. You may be wondering how this affects you. Allow me to explain. (more…)

Well…the sky is falling. Rates have gone up with many lenders by about 0.5% over the past week due to increases in the bond market yields. We do still have rates as low as 2.99% at the moment, but I believe its quite possible those will increase at any time.

(more…)

If you have been reading my website for a while, you know that I have said the market would heat up again and in the spring it gets busier. It has been my opinion that the market has been continuously slowed by more difficult mortgage qualifying rules and that there is always an adjustment period with values after changes are made, after which the market resumes. (more…)

Amidst all the doom and gloom about the real estate mortgage in Vancouver comes a story that puts it all into perspective.

I was visiting my father last week, and he couldn’t wait to show me an article in Macleans magazine talking about the major property value crash coming up. I read it quickly, it seemed to be more opinions than anything really substantial. I would agree that it’s hard to see the market appreciating by 5% or more per year in the future as it has until now, because real estate in the City of Vancouver is not very affordable by the average family.

However, many people are currently wishing to buy but are holding off until the ‘great crash” happens. I have heard about this “great crash” in 2008, 2009, 2010, 2011, and…2012. There have been dips at times in those 5 years, but they have lasted a few months at most and then the market resumes and those “dips” are quickly wiped away. (more…)

We do have a special for 2.74% for 5 years. There are certain restrictions and conditions to it, so contact me for more information and to apply. And as per my title, unlike the other Canadian mortgage lenders who federal Finance Minister Jim Flaherty calls to tell them to increase their rates and they oblige, I will not increase my rates based on political pressure.

I declare that unlike the finance minister, I believe that your money is best served in your pocket and not in corporate profits. I am a man of the people. Contact me today and lets get you a terms and conditions that work for you.

PLEASE NOTE: This special is no longer available.

I think this could be the lowest 5 year fixed mortgage rate offered in Canada. 2.79% for a 5 year fixed mortgage.

This is not a misprint. No, your eyes are not failing you.

As always, this rate is subject to qualification, so give me a call today. I can take an application and get you the best deal possible, and if I can get you the above deal, I most certainly will.

Call me today at 604-318-1292.

 

PLEASE NOTE: This rate is no longer available.

Rates with many lenders have gone up slightly in recent weeks, but we have this great special available for you still at 2.89%. Please call me to set up a time to qualify on this limited-time special mortgage offer.

PLEASE NOTE: This offer is no longer available.

Whether it’s most important for you and your family to shrink your bills or reduce your carbon footprint, these resolutions are commendable. Here are some useful tips that can benefit ecological conservation, make more time for family, and lead to home harmonization. (more…)