The Bank of Canada has a new Governor.  And it could be said that everything old is new again. Current Governor Stephen Poloz will step down, as scheduled, at the start of next month.  He will be replaced by Tiff Macklem, an old hand at the central bank. Macklem is currently the dean of the […]

Mortgage Rate Update *2 year fixed @ 2.99% *3 year fixed @ 2.94% *4 year fixed @ 2.94% *5 year fixed @ 2.59% Receive cash bonus up to $2500 with your mortgage. *Variable Rate Mortgage @ prime – .20% prime rate is 2.45% *OAC, subject to certain conditions, rates may change without notice, call for a quote […]

1. Deferred mortgage payments are discretionary. Lenders maintain the legal right to timely repayment of their mortgages and mortgage payment deferral programs are offered at their sole discretion and each lender has different policies on how they handle these requests. Note: These programs are generally restricted to ‘Institutional” lenders only. Private mortgages do not qualify. […]

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 […]