Mortgage Resources

interest rate

Check out our deep dives in mortgage education and learn how to manage your home.

Special Feature with DLC Economist Dr. Sherry Cooper

Special Feature with DLC Economist Dr. Sherry Cooper

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 👇

Read Article

Stats from CMHC’s Consumer Survey

Category: First Time Buyer,

Good Afternoon Amazing Partners, In today’s post 1. Interest Rates 2. CMHC’s Consumer Survey *Please call us! 778-990-8950 We’re willing to help even if the borrower is not our client. We’re in this for your success! Interest Rates**Rates as at...

placeholder image Read Article

Mortgage Changes Over the Past Year

Category: First Time Buyer,

All the Positive Mortgage Changes Over the Past Year 30 years amortization for First Time Home Buyers Eitan’s Take: This measure only affects a small subset of the market. In general, though, it stokes excess demand...

placeholder image Read Article

Depreciation Reports Are Now Required

Category: Education and Learning,

I just learned that yesterday the BC Government has ordered that all stratas with 5 or more units must obtain a depreciation report on a five-year cycle. The order can be found here and here.

Read Article

Interest Rates & Neutral Rates

Category: First Time Buyer,

5 Yr Fixed (insured) 4.84% ↑ 0.10% 3 Yr Fixed (insured) 4.99% – 5 Yr Fixed 5.09% – 3 Yr Fixed  5.09% ↓ 0.05% 5 Yr Variable (insured) 6.20% ↑ 0.10% 2 Yr Fixed (insured)...

Read Article

New Stress Test – Yes and No…

Category: First Time Buyer,

This is a YES because BANKS now have a new stress test for their portfolio. The new stress test is about loan-to-income (LTI) and that each bank will be assessed at how much their book...

Read Article

Variable: Lock in? And if Yes, When?

Category: First Time Buyer,

The variable rate does seem like it’s a good option now… especially since the discount off prime is now so great. However, the variable rate is still higher than the fixed rate… so when do...

Read Article

Advanced Strategies: Cash Damming – Here’s What It Is

Category: Education and Learning,First Time Buyer,Home Purchase,

Good Evening Amazing Partners, Why is money called dough?! It’s ’cause we all “knead it.” We’ve had a little bit of a teeter-totter with rates recently. The bond market has been going down, then up, and now most recently...

Read Article

Looking at the Variable Again

Category: Education and Learning,First Time Buyer,Home Purchase,

I always find looking at the numbers interesting. If you have anybody who is thinking about the variable, remember, it’s more flexible than the fixed rate because you can lock in your variable into a...

Read Article

Buying and Selling – How Dates Can Line Up

Category: Education and Learning,First Time Buyer,Home Purchase,

Buying and Selling – How Dates Can Line Up It can be fairly complex when you want to buy a new property and you need the equity in a property you want to sell. IE,...

Read Article

First-Time Home Buyers’ Tax Credit (HBTC)

Category: Education and Learning,First Time Buyer,Home Purchase,

First-Time Home Buyers’ Tax Credit (HBTC) First-Time Home Buyers’ Tax CreditThe government allows first time homeowners to save $1,500 on their taxes by claiming $10,000 on Line 31270 on their 2023 tax returns. In order to save $1,500, the...