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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,
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...
May Jobs Report / Probable July Rate Cut In the first major data release since the Bank of Canada cut interest rates last Wednesday, Statistics Canada Labour Force Survey for May showed a marked slowdown...
1. Interest Rates *Interest rates as of June 11th, 2024. Rates subject to change (I have to write that ) Variable v.s. Fixed Right now, we’re seeing quite a few people pick the variable rate over...