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A rare opportunity from Chief Economist Dr. Sherry Cooper of Dominion Lending Centres, sharing her outlook on inflation, interest rates, world events, and the housing market. Watch the full video 👇
Category: Education and Learning,
The Bank of Canada (BoC) cut its key interest rate today by 0.25% to 4.25%. This is the third of potentially five cuts this year. The Bank’s decision reflects two main developments: Overall, the economy’s weakness continues to pull inflation down.Tiff...
Dos and Don’ts of Mortgage Pre-approvals Being a homeowner comes with many additional responsibilities, some that begin well before placing an offer on the home. We want to make sure that you are prepared for...
A reverse mortgage is a mortgage loan that allows seniors (55+ years old) to refinance or purchase a home. Three of the main benefits of a reverse mortgages are: 1. No income requirement – 2. No credit requirement – 3. No payment...
Category: First Time Buyer,
I was reading quite a few pieces on the beginning of August’s market volatility but one in particular, from my investment advisor, caught my eye. It seems like the decline in stocks from over the first...
Fixed interest rates have been decreasing steadily over the past four months. At the same time, the variable rates have decreased due to the prime rate decreasing. At this time, half of our clients are...
Effective July 18, 2024, British Columbia will increase the notice period (2 months moving to 4 months) required to be given to a tenant to vacate a property when a buyer intends to occupy it....
I’m Eitan Pinsky, owner of Pinsky Mortgages in beautiful Vancouver, BC. I’m excited to share that I’ve been featured in several major news outlets, including BNN Bloomberg, Global News, and The Globe and Mail. It’s...
Category: Education and Learning,First Time Buyer,Home Purchase,
Our housing market has been strong and home values have significantly increased over the past several years due to:-Too little construction of new housing, and-Underinvestment in single family housing-A decade of historic low interest rates-Speculation...
Summary: Fixed interest rates have been decreasing steadily over the past two months. At the same time, the variable rates have increased (the discounts off of the prime rate have decreased). At this time, the...
30-Year Insured Mortgages The government just released guidelines for 30-year insured amortizations. These extended repayment periods are earmarked for first-time purchasers of newly-built residences and kick off this August. To get a 30-year insured amortization: 1. At...