Vancouver Mortgages
227-5589 Byrne Rd V5J 3J1 Burnaby, BC, Canada

#NPA #Vancouver #mayoral #candidate, #KirkLaPointe outlined his economic platform in advance of the city's November municipal election, with a plan to address the impact of foreign investment on #residential #realestate. Presenting his plan Tuesday, #LaPointe said that while policy around foreign ownership is handled by higher levels of government, he would bring in tougher bylaws around standards and maintenance of properties bought as an #investment and left sitting empty.

On May 1, 2014, Canada Mortgage Housing Corporation, Genworth and Canada Guaranty will be increasing their mortgage loan insurance premiums and surcharges for homeowner and rental loans of 1 to 4 units. To qualify for the current mortgage default insurance premiums, deals must be submitted by close of business on Monday, April 28th , 2014.

5 year fixed term mortgage @ 2.99% is Back !

Foggy Vancouver

Fixed mortgage rates are increasing rapidly. Currently the best 5 years fixed rate is 2.99%. Don't think it will last long!

New Updated FIXED Mortgage Rates: 1 Yr: 2.54% 2 Yr: 2.49% 3 Yr: 2.59% 4 Yr: 2.79%... 5 Yr: 2.89% 7 Yr: 3.40% 10 Yr: 3.59% Variable 5 yr Mortgage Rate: P-0.4 (2.6%)

The Real Estate Board of Greater Vancouver Housing Market Update for November 2012 with REBGV president.

5 Years fixed Mortgage @ 2.69% (Limited time offer) For more info call Michael @ 604-726-4355.

New 5 Year Fixed Mortgage Rate @ 2.89% (Limited Time Offer)

It's you.... Vancouver

Vancouver to set construction record in 2013!

Vancouver Deflating Real Estate Market

Vancouver Real Estate Boom Is Back

2013 BC Assessment Report

The recent changes to mortgage rules in Canada maximum terms of 25 years, only able to borrow up to 80% of the home’s value are designed to cool down Cana...da’s hot housing market. For the average home owner, the changes will mean paying more each month to pay off the loan sooner. But that will also mean that families can borrow less it’s estimated that a family with a household income of $75,000 will be able to borrow $50,000 less over the term of a 25 mortgage than they could if it was a 30-year. See more

2013 is at the door Remember Life is short, break the rules, Forgive quickly, love truly,... laugh uncontrollably, and never regret anything that made you smile. HAPPY NEW YEAR!

Real Estate Economist Says Vancouver Market Balanced

Canada New Mortgage Rules: - Reduce the maximum amortization period to 25 years from 30 years. This will reduce the total interest payments Canadian families make on their mortgages, helping them build up equity in their homes more quickly and pay off their mortgages sooner. The maximum amortization period was set at 35 years in 2008 and further reduced to 30 years in 2011. - Lower the maximum amount Canadians can borrow when refinancing to 80 per cent from 85 per cent of th...e value of their homes. This will promote saving through home ownership and encourage homeowners to prudently manage borrowings against their homes. - Fix the maximum gross debt service ratio at 39 per cent and the maximum total debt service ratio at 44 per cent. This will better protect Canadian households that may be vulnerable to economic shocks or an increase in interest rates. - Limit the availability of government-backed insured mortgages to homes with a purchase price of less than $1 million.

Happy Canada Day!

The Real Estate Board of Greater Vancouver Housing Market Update for May 2012 with REBGV.

Current Best Mortgage Rates - 29 May 2012

No Bubble In Vancouver Real Estate

Vancouver Real Estate Update by REBGV - April 2012

Current Best Mortgage Rates - May 2012 Fixed Term Rate 1 Year 2.69% 2 Year 2.74% 3 Year 2.89%... 4 Year 3.09% 5 Year 3.09% 7 Year 3.89% 10 Year 3.89% Varaible 5 Years Rate: 2.75% For more information call Michael:604-726-4355 or email: [email protected]

Canadians Heavily In Debt

BC Real Estate Association (BCREA) Chief Economist Cameron Muir discusses the March 2012 statistics.

Vancouver Real Estate Market Update by REBGV - March 2012

BC Real Estate Association (BCREA) Chief Economist Cameron Muir discusses the February 2012 statistics and takes an in depth look at BCREA's Q1 Mortgage Rate Forecast.

Effective April 1, 2012 the HST rebate has changed up to a max of $42,500 (from previous $26,250). The threshold for new housing rebates will be increased from $525,000 to $850,000, including secondary homes.

No matter how long the winter, spring is sure to follow. Happy Spring.

B.C. Population Growing

Vancouver Is Now The Most Expensive Housing Market North America

Housing market expected to keep rising

Banks lower 5-year mortgage rate to record low

HAPPY CHINESE NEW YEAR: prosperous Year Of The Dragon

TORONTO, Jan. 13, 2012 /CNW/ - TD Canada Trust announces a four-year special 2.99% fixed rate mortgage offer, effective January 14, 2012. This is in addition to the six- and seven-year special fixed rate mortgage offers announced yesterday. "We are announcing an additional affordable special for Canadians considering their available mortgage financing options," says Farhaneh Haque, Director, Mortgage Advice. "Our special rates have flexible options and full prepayment privile...ges available to them, so homeowners do not have to give up features and flexibility to get a great rate". "Rates are important, but flexibility can also be an important a consideration for home buyers." *Rates calculated semi-annually, not in advance. This rate is a discount off of posted rate and is only available on new mortgage applications made until February 29th, 2012. Mortgage must be funded by April 30th, 2012. Other terms and conditions may apply.

Canada’s big banks offered homebuyers a big fat incentive last week when, led by the Bank of Montreal, most dropped their five-year fixed mortgage rates to an unheard of 2.99 per cent. Like the failing Detroit auto industry of the early 2000s, with its zero per cent financing, no-money-down offers, Canada’s banks appear willing to sacrifice some profit to keep the mortgage market booming. They’re still making moneyand certainly won’t go bankrupt like two of the Big Three aut...omakers didbut there is a similar whiff of desperation here at a time when the housing market appears to be cooling. Even in once hot markets like Calgary, prices have flattened. These ultra low rates are bad news for Finance Minister Jim Flaherty and Bank of Canada governor Mark Carney, who’ve been warning Canadians for years to stop taking on record debt loads in this era of easy money. BMO’s rate does come with a few catches, like a maximum 25-year payment period. But that doesn’t mean buyers won’t find themselves in trouble five years from now if rates rise. Maybe the bigger concern is what happens if the housing market really does head south, and what that means for the Canadian economy. Over the past decade, construction was the second-fastest growing industry, creating one million jobs. It now accounts for an incredible one-tenth of Canada’s GDP. Rising house prices have also made Canadians feel richer and insulated from economic troubles. As the U.S. showed, when housing is stripped from the equation, things can quickly go from bad to worse. Record-low mortgage rates might help keep the economy chugging along, but let’s just hope we’re not now running on fumes.

BMO has lowered the fixed rate to 2.99 per cent

RBC Global Asset Management on lower 5-year mortgage rate to record low

Some fixed mortgage rates have dropped to their lowest rates in Canadian history. Ted Chernecki reports.

Several of Canada's big banks are dropping their fixed mortgages to record-low levels - less than three per cent.

December Real Estate Newsletter - Anna Asi http://p0.vresp.com/9h2RnL #vr4smallbiz

Housing affordability improves modestly across Canada: RBC Economics

The Bank of Canada will continue to take a loose approach to meeting its 2-per-cent inflation target because of the deteriorating global outlook and a European debt crisis that is barely contained, Governor Mark Carney says. In his first remarks on inflation-control since the federal government renewed the central bank’s mandate earlier this month, Mr. Carney defended his flexible approach, which has seen him keep interest rates at 1 per cent for more than a year, even as gains in consumer prices have exceeded 2 per cent for much of that time. He has said several times in recent months that his mandate includes leeway to take longer than usual to return inflation to the target pace, to protect against economic or financial shocks.

Limited time offer 2.99% for 4 year fixed mortgage!! Must close by December 30, 2011 for qualified borrowers buying property to owner occupy. Call us at 604.726.4355 .

How to deal with your Variable Mortgage when payments increase