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 […]

Canada’s housing market: a victim of demographics ROB CARRICK  The Globe and Mail Demographic trends built up our housing market, and now they’re going to start pulling it apart. Prepare yourselves, buyers and sellers. The years ahead for housing will look nothing like the last decade. A report issued by Pacifica Partners Capital Management in […]

Borrowers reminded of flexibility amid fixed-rate feverBy            Nestor Arellano            |            12/12/2012 4:35:00 PM            |                 0                comments Outgoing Bank of Canada Governor Mark Carney may be delighted that consumers are heeding his warnings and have been flocking to fixed-rate mortgages in record number, but one broker is advising borrowers to pick shorter term mortgages because […]

By            Nestor Arellano        “In the current context, a specific concern is that the total number of housing units under construction has been increasing and is now well above its historical average relative to the population,” according to the bank’s Financial Systems Review – December 2012 report. “If the upcoming supply units are not absorbed by […]