Andrew Chang Mortgages
Suite 103, 1245 W Broadway V6H 1G7 Vancouver, BC, Canada

You can now apply for the BC Recovery Benefit with the holidays just around the corner. You can go to the following link for more information and to apply if eligible: https://www2.gov.bc.ca//economic-recovery/recovery-benefit

Changes and recommendations that will hopefully assist with controlling rising strata insurance costs and premiums. https://theprovince.com//0e69e2ac-da34-4819-bea7-6232b5c47

Here is Part 2 with Thomas C. Chan Financial Service This week we touch on more topics related to: -other fees and costs that are involved that you might not have known about -some incentives as 1st time buyers... -fixed or variable rate products in today's market environment https://youtu.be/Xou3rxaSVsU

Thank you Thomas C. Chan Financial Service for inviting me to speak on some tips for mortgage financing for anyone looking to purchase a property. Part 1: https://youtu.be/ZzSWpVeXqcQ

Stress Test to drop 15 basis points which will help ease requirements for borrowers and assist with qualifying for a slightly larger mortgage. https://ca.finance.yahoo.com//mortgage-rules-requirements-

City of Vancouver Property Owners, This year's tax payment deadline has been extended to Sept. 30, 2020; the original deadline was July 3. https://theprovince.com//7fe3e72a-a32d-4340-b3ee-b3fa2ffd0

Genworth Canada will not be following suit and implementing the tighter guidelines that CMHC announced last week. This is positive news, especially for First Time Homebuyers and their purchasing power. http://investor.genworthmicanada.ca//Genworth/default.aspx

CMHC announces tightening of underwriting criteria for Insured Mortgages starting July 1st. Contact me if you have any questions. https://www.cmhc-schl.gc.ca//cmhc-reviews-underwriting-cri

Bank of Canada lowers overnight rate to 0.25%. https://business.financialpost.com//breaking-bank-of-canad

*Stress Test Changes Being Suspended. *In addition, the Bank of Canada cuts the overnight rate by 50 basis points effective March 16, 2020. https://www.bankofcanada.ca//bank-of-canada-lowers-overni/

Bank of Canada cuts overnight rate by 50 basis points: https://www.bankofcanada.ca//fad-press-release-2020-03-04/

Changes to new benchmark qualifying rate for insured mortgages come into effect April 6, 2020. https://www.canada.ca//minister-morneau-announces-new-benc

BC Homeowners Grant threshold REDUCED for 2020 https://theprovince.com//88da90f1-aaaf-4ff7-9817-09879bbea

https://theprovince.com//0d69b07c-5e4a-4594-bc77-f44bc1c98