BCREA revises Fraser Valley’s 2013 forecast On January 30, BCREA’s senior economist Cameron Muir released the first quarter housing market forecast for BC including breakdowns for Fraser Valley and Greater Vancouver. The 2013 predictions for Fraser Valley have changed since last fall, becoming more conservative. Muir still expects home sales to increase in 2013 compared […]

January 14, 2013 Title Insurance Tidbits                         Title insurance is usually an afterthought for people getting a mortgage. But it’s becoming more of a decision point since so many lenders now require it. The purpose of title insurance is to protect you if there’s […]

Farewell to INGArticle written by Boris Bozic     I feel like that old man slowly watching his friends die off; checking every day to see if his name has made into the obituary section, realizing it hasn’t he goes about his day. In the short time that I’ve been blogging I’ve written a few […]

Thanks to Stuart Herder for this! Things Your Burglar Won’t Tell You! THINGS YOUR BURGLAR WON’T TELL YOU . Read all the way to the end. You just might learn something that will save you the hassle of having your home burglarized. I am particularly interested in the part about the wasp spray… 1. Of […]

News Release: January 3, 2013 FRASER VALLEY REAL ESTATE SALES AT LOWER LEVELS IN 2012 (Surrey, BC) – Fraser Valley’s real estate market in 2012 will be remembered as the year buyers and sellers took a breather reflecting quieter sales, an average number of new listings and prices overall remaining flat. The president of Fraser […]

Almost “Riskless and Costless” Lending   “Insured mortgage lending is almost riskless and costless to lenders.”—Finn Poschmann (Source)   Really?   This statement implies that lenders are getting a free lunch off the taxpayer’s back…that lenders reap all the profits and offload almost all their risk to unsuspecting Joe Sixpack and Grandma Millie.   Let’s […]

Hello 2013 Article written by Boris Bozic on the 08 Jan 2013 in Business “The only thing that is constant is change.” Welcome back all and I hope you all enjoyed the Christmas season.  I know that may be somewhat politically incorrect to evoke Christ’s name during and after the holiday season.  Here’s my view […]

News Release: January 3, 2013 FRASER VALLEY REAL ESTATE SALES AT LOWER LEVELS IN 2012 (Surrey, BC) – Fraser Valley’s real estate market in 2012 will be remembered as the year buyers and sellers took a breather reflecting quieter sales, an average number of new listings and prices overall remaining flat. The president of Fraser […]

The Canada Mortgage and Housing Corporation (CMHC) complex in Ottawa. About 70 per cent of mortgages in Canada are insured and the government provides a 100 per cent guarantee of mortgages insured by CMHC. Globe and Mail Private sector should take on CMHC’s role FINN POSCHMANN Published Thursday, Jan. 03, 2013 06:55PM EST Last updated […]

Psst. Here’s the ugly truthBy            CMP            |            02/01/2013 8:00:00 AM            |                 0                comments Shall CMP break it to your BFS clients or should you? The ugly truth about B20 is that self-employed borrowers may actually have to report their full income. The new OSFI lending guidelines, demanding an unprecedented level of scrutiny with regards […]