James Wu, Mortgage Broker in Greater Vancouver

India will soon overtake China as the number one contributor to global GDP... http://ow.ly/c33430j6OXn

Countries that work the most employable hours: http://ow.ly/ZhkN30j2Hfg Countries with the highest rate of home ownership: http://ow.ly/CtRL30j2Hpr I don't see a pattern.

The last time Vancouver was this unaffordable dates way back to... http://ow.ly/VtOI30iK5xQ

This is an article from 2017, but still good perspective. North America and Europe population growth will be moderate at best, but the rest of the planet is set for an explosive up swing. Here's a projected list of the cities that will make up the Top 10 list by 2030 ... http://ow.ly/LFgw30iK3wv

Here's a little loop hole area neat Vancouver where the foreign buyers tax policy doesn't apply... http://ow.ly/BYnC30iHknm

Here are the scheduled dates for interest rate announcements from the Bank of Canada...8 of them in total, another 7 to look forward to for the remainder of 2018. These announcements affect variable rate mortgages, HELOCs, credit cards, personal lines of credit, and any other variable component credit accounts

Many home buyers are required to purchase Title Insurance upon completion of their mortgaged real estate purchase and many are completely unaware of the coverage...

NEWS: Heads up, several lenders are increasing their interest rates on Monday January 8. Give me a call if you need to move on something or have a renewal pending.

The new Mortgage Stress Test, home affordability crisis, limited supply...ya, Canadians aren't phased. Bloomberg's latest weekly poll of Canadian consumer confidence hit above 62 (the highest since 2009). A score over 50 indicates a positive feeling about the economy... http://ow.ly/af6530hAUqc

Have a wonderful New Year's Eve!

A few banks have already adopted to the new 2% stress test mortgage qualification rules...we still have many lenders who are accepting applications all the way up until New Year's Eve! PM me if you need more details

Just a few scenarios to be aware of when it comes to real estate and taxes in Canada...be sure to consult with a tax expert!

If you're waiting for the sky to fall down on real estate in Vancouver, then don't read this article... http://ow.ly/IsDA30hbOFk

Not sure how or if the upcoming mortgage rule changes might affect you? Here's a good article that uncovers various scenarios... http://ow.ly/sv7J30h9d1n