Currently home buyers must qualify at the 5 -Year Fixed bank benchmark rate at roughly: 5.19% Proposed rate would lower to roughly 4.80% Along with proposed lower interest rates, this will provide more opportunity for buyers to qualify for higher mortgages   Brought to you by:   Dave, Cindy, Amanda and Kimberly Walker 23 Year […]

Coldest Night of Year – Sat., Feb. 22, 2020 – Registration 3:00 PM   Ray Shepherd Elementary is participating in this family friendly event, to raise money for SOURCES’ Homeless Prevention Services which includes the “Rent Bank” program.   Sources Community Resources Society provides Advocacy, Housing, Homeless Prevention and Rent Bank Services which helps individuals […]

Mixed singles as usual, difficult for the consumer to make decisions. RBC, today will  increase its 3-year fixed closed rate by 0.10 percentage points; and its 4-year, and 5-year fixed closed rates by 0.20 percentage points; taking all three special offer rates to 3.24%. Brought to you by:   Dave, Cindy, Amanda and Kimberly Walker […]

Increased consumer confidence with more Canadians adapting to the mortgage stress tests and millennials reaching peak homebuying age. We are told to look for a 3.7% increase in the national average home price, plus continued low interest rates. Great time to review your financing and purchasing power. Give us a call today, to get ready […]

For the third straight month, home sales in the Fraser Valley surpassed 2018 levels bringing the market back in line with long-term averages. The market’s return to balance is good news for both buyers and sellers, however its important to put the 30 per cent year over year increase in sales into context. September’s sales […]

Mortgage rates are expected to remain at roughly their current level through to the end of 2020 according to a new forecast. The British Columbia Real Estate Association’s Economics team says that, notwithstanding any major changes to the economic landscape, the 5-year qualifying rate is set to remain at 5.19% in the fourth quarter of […]

With the electioneering gathering pace, two real estate and mortgage industry bodies have welcomed some recent pledges by the federal parties. Toronto Real Estate Board says that it is pleased that parties are making housing affordability a key part of their election campaigns, especially the Liberals’ commitment to expanding the First Time Home Buyers Plan […]

The average Canadian household was worth less in 2018 than in the previous year. The average net worth of $678,792 was down $7,594 (1.1%) in 2018 according to a study by Environics Analytics. While real estate values gained $6,336 (1.6%) other factors erased this gain as equities contributed to a $10,045 (3.4%) drop in liquid […]