The tax changes announced by British Columbia will have a major impact on the province’s housing market according to brokers. A survey of 535 real estate professionals in BC and Alberta carried out by Royal Le Page found that most expect the measures designed to target foreign investors will also hit those who own second […]

The words reverse mortgage carry some negative connotation. What does it really mean? What makes reverse mortgage different than a regular or demand mortgage in Canada? There are no payments required if 1 applicant lives in the home. Payments can be made if they wish, they are truly optional. No medical required and limited income […]

Short Version: The most important question a home-seller must ask their Broker or their banker this Spring: ‘Do I QUALIFY to port my mortgage?’ You must re-qualify to port your mortgage to a new property, and you must re-qualify under stringent new rules. How stringent? Long Version: Let’s say you have impeccable credit, a $100,000 […]

Affordability in Canada’s housing markets is generally very good but interest rate increases could start to change that. BMO’s Spring Housing Affordability Report also reveals the influence that Millennials have on the markets in Toronto and Vancouver, but also in those outside these hot markets as they seek more affordable options. However, this influence is […]

You may have heard that March is Fraud Awareness Month. Authorities are trying to raise awareness of identity theft , phishing schemes and other forms of fraud. What you may not know is that as many as 1 in 5 Canadians are committing mortgage fraud whether they know it or not. Fraud for Shelter Is […]

The question most often asked: ‘Is my mortgage portable?’ The answer most often given: ‘Yes.’ This answer is increasingly wrong. In reality you qualify to move ~80% of the balance… maybe. If you are thinking of: Moving (upsizing or downsizing) Locking a variable-rate mortgage into a fixed-rate product … you would be well served to […]

What usually follows once someone hears the term “Monoline Lender” for the first time is a feeling of suspicion and lack of trust. It’s understandable, I mean why is this “bank” you’ve never heard of willing to loan you money when you’ve never banked with them before? In an effort to help you see the […]

The new mortgage rules that came into effect at the start of 2018 are having an impact on the market in British Columbia. The BCREA says that 6,206 homes were sold through the MLS in February, down 5.7% year-over-year, while prices were up 8.8% to an average $748,327. “More stringent mortgage qualification rules for conventional […]

Recently there were changes to the mortgage rules yet again, and one of the rule changes was regarding refinancing your home. At one point in the last 10 years you could refinance your home all the way back up to 95% of its current value, which in many cases has put that property what we […]

When: Saturday, April 28 at 9 AM Location: Your Driveway We advertise, provide signs, balloons, and maps for the event Details or sign up contact: Kimberly Walker 778.828.6186 or kimberlywalker@dominionlending.ca Final sign up date: April 20, 2018 Include your name, address, and any big ticket items Please ensure you receive confirmation   地点：您的车道。 我们将提供广告、标牌、气球以及宣传单。 联系人：Iris […]