The Bank of Canada (BoC) yesterday decided to hold its overnight policy interest rate at 5.00%. The decision is good news to borrowers who’ve seen mortgage costs climb since March 2022. Having said that, the BofC core inflation metrics show minimal decline, leading them to continue their quantitative tightening policy. Below is a summary of […]

Metro Vancouver Housing Update: September 2023 The Metro Vancouver housing market witnessed a shift in September. While the year started with rapid price gains, the fall season has brought a more balanced market. Here’s a snapshot: Sales: Residential home sales reached 1,926, marking a 13.2% increase from September 2022 but 26.3% below the 10-year average. […]

Whether you’re a homeowner in Langley or simply interested in understanding the potential benefits of reverse loans, this page is your go-to resource for valuable insights and information. Our mortgage professionals are here to guide you through the intricacies of reverse loans, helping you unlock new financial possibilities and enjoy the peace of mind you […]

  Refinancing your mortgage can be a smart financial move, especially if you can take advantage of lower interest rates. However, before you apply for a refinance loan, it’s essential to consider some critical factors to ensure you make an informed decision. Here are the important things you should consider:   Your Credit Score – […]

  Are you thinking about buying a second home? Whether it’s a vacation home or an investment property, securing a second home loan can be a great way to achieve your real estate goals. However, it’s essential to consider some important factors before applying for a second home loan to make sure you make the […]

Summary The Bank of Canada raised its benchmark rate by a further 50 basis points on Wednesday, bringing it to 4.25% in a move that signalled the first time it has hit the 4% mark since 2008. However, The Bank of Canada’s “very encouraging” language in its latest policy rate announcement indicates that it could […]

Ottawa, ON, November 15, 2022 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022. Highlights National home sales were up 1.3% on a month-over-month basis in October. Actual (not seasonally adjusted) monthly activity came in 36% below October 2021. The number of newly […]

Introduction The housing market is a dynamic entity, influenced by a myriad of factors ranging from economic conditions to policy changes. The Real Estate Board of Greater Vancouver (REBGV) provides regular updates on residential home sales, offering insights into the market’s health and trajectory. In this article, we will dissect the figures for October 2022, […]

SURREY, BC – Fraser Valley housing market sales for October remained relatively unchanged from last month asprices dipped slightly across all categories. In October, the Fraser Valley Real Estate Board (FVREB) processed 901 sales on its Multiple Listing Service® (MLS®),an increase of 0.4 per cent compared to last month and a 53.5 per cent decrease […]

It’s hard to find a place you’d be happy to call home. There are so many elements to consider beyond the number of rooms, size of the closets and quality of the fixtures – like whether or not the neighbourhood is the right fit for you and your family. Before calling up a Mortgage Broker […]