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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,
Let’s assume a $500,000 mortgage with a rate of 4.79% 3-year fixed versus a rate of 5.65% 5-year variable. Right off the bat, since we’re assuming a 0.5% decrease in October and a .25% decrease in December, we...
There are two new rule changes: First off, neither of these are in effect yet. The mortgage insurance application must be submitted on or after December 15, 2024. This means that in order to qualify for...
So there’s really good news on the inflation front… The Consumer price index only rose 2% year over year in August, the slowest pace since February 2021, down from 2.5% in July 2024. Excluding mortgage interest, inflation...
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...