For Immediate Release: October 2, 2014  Strong summer for Fraser Valley real estate carries through to September  SURREY, BC – The Fraser Valley Real Estate Board processed 1,419 sales on its Multiple Listing Service (MLS®) in September, an increase of 25 per cent compared to the 1,131 sales during the same month last year, and […]

Canada house prices to climb further, crash fears rising … Anu Bararia Reuters – Published Thursday, Aug. 28 2014, 5:08 PM EDT                         36                                                                     13                       […]

CMHC crunches condo ownership breakdown inShare   by Justin da Rosa | 12 Aug 2014 Brokers and industry professionals have often wondered what percentage of condos in Canada’s two biggest markets are owned by investors and the data has finally been compiled. “As information on condominium investment is rather limited at this time, CMHC has […]

News Release: July 3, 2014 STRONGEST JUNE IN FOUR YEARS FOR FRASER VALLEY REAL ESTATE MARKET   (Surrey, BC) – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) processed 1,668 sales in June, an increase of 26 per cent compared to the 1,327 sales in June of last year and 2 per cent higher […]

News Release: June 3, 2014 MARKET STRENGTH SOLIDIFIES IN THE FRASER VALLEY   (Surrey, BC) – May’s property sales in the Fraser Valley reached the highest they’ve been in seven years with the Fraser Valley Real Estate Board posting 1,633 sales on its Multiple Listing Service (MLS®), an increase of 18 per cent compared to May […]

It’s Friday and since we heard Bank of Canada Governor Stephen Poloz mention that it’s unlikely rates are increasing any time soon (article below) it’s a good day to talk variable rate mortgages. Yes, not everyone can qualify at the BOC 4.99% rate and some clients prefer fixed rates  – but there are still lots […]

Canadians still prefer fixed rates by Jamie Henry | 21 Apr 2014 Brokers may be touting the advantages of variable-rate mortgages but more and more Canadians believe fixed-rate options are preferable in the current environment. “Even though we’ve had a relatively stable rate environment for a number of years, Canadians are being prudent when it […]

Broker debate: reverse mortgages by Jamie Henry | 01 Apr 2014 They are becoming more popular but brokers are divided on whether reverse mortgages are the best option for aging clients looking to take advantage of equity in their homes. “I can understand why many homeowners would be attracted to this type of finance as […]

Rate hike expected to affect affordability in many markets by Jamie Henry | 25 Feb 2014 In its latest housing affordability report, the Royal Bank of Canada predicts interest rates will soon rise; putting housing affordability in many markets across the country in jeopardy. Should brokers expect an influx of business in the short-term? “RBC […]

Fixed rates to remain low until 2015 spike by MBN | 10 Feb 2014 The Canadian Mortgage and Housing Corporation is forecasting fixed-interest rates increases in 2014, though brokers can breathe a sigh of relief as rates are still expected to remain historically low. “According to CMHC’s base case scenario for 2014, the average for […]