23 Mar

Interest rate rises will start to affect cooler markets says BMO

General

Posted by: Kimberly Walker

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 […]

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21 Mar

March is fraud awareness month

General

Posted by: Kimberly Walker

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 […]

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20 Mar

But They Said It Was Portable…

General

Posted by: Kimberly Walker

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 […]

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19 Mar

What Is a “Monoline” Lender?

General

Posted by: Kimberly Walker

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 […]

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15 Mar

Tighter lending restrictions are making an impact in BC

General

Posted by: Kimberly Walker

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 […]

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14 Mar

Refinancing in 2018

General

Posted by: Kimberly Walker

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 […]

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8 Mar

COMING SOON: 16th Annual Neighborhood Garage Sale

General

Posted by: Kimberly Walker

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 […]

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8 Mar

What are Accelerated Payments?

General

Posted by: Kimberly Walker

An accelerated payment is a mortgage payment that is increased slightly so that you can pay off your mortgage faster. There are two common types of accelerated payments: bi-weekly and weekly. Of the two, bi-weekly is the much more common choice because it matches with pay dates more often. An accelerated payment works by increasing […]

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7 Mar

Time For A Mortgage Renewal

General

Posted by: Kimberly Walker

Is your mortgage coming up for renewal this year? There is a good chance that you or someone know has a mortgage coming due. Some 47% of Canadians, almost one out of every two households, that currently have financing in place will mature within the next 12 months with a major lender in Canada. Here […]

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6 Mar

Buyers want homes, so do sales agents

General

Posted by: Kimberly Walker

Real estate agents in Ottawa are desperate for more homes to sell as tight inventory dampened last month’s sales figures.“There is no doubt our sales numbers would have been much higher if we had more properties available for sale. Buyer demand is there, but our inventory in both residential-class and condos continues to decline. This […]

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