With Thanks from Alisa Aragon DLC!… When purchasing a property, it can be an overwhelming experience. Especially with the current real estate market when you need to make fast decisions and you need to get your questions answered quickly. Many think that their only option is talking to their bank where they do their […]

What a week this has been – game-changing policy changes from the Finance Minister for the Mortgage industry! Here is what I know on this Friday after the changes Monday: 1) Our non-bank lender partners (mono-lines – mortgage specific lenders – that offer better rates, larger product lines, and smaller penalties to the borrowers) are […]

5 REASONS A MORTGAGE BROKER IS YOUR BEST CHOICE *** With the recent government changes (Oct 2016), our services should see even greater demand!***   Blog provided from DLC Head Office on behalf of Pam Pikkert So it seems that there are still Canadian consumers who have reservations or misunderstandings about why a mortgage broker […]

Here is an article written for the North Shore News…. Now Is The Time To Make Your House The Home Of Your Dreams! Property values on the North Shore are at an all-time high. Borrowing money is still at an all-time low.  Combine these two economic factors – with the fact that the transaction costs to sell […]

The Bank of Canada’s decision to hold rates steady once again was very much as expected, even though first half growth was well below the forecast in the July Monetary Policy Report. US growth in the first half of this year was also disappointing, reflecting weakness in business and residential investment. US consumer spending was […]

Q2 financial update from our own Dr. Sherry Cooper. According to data released this morning by Statistics Canada, the Canadian economy declined at a 1.6% annual pace in the second quarter, the largest quarterly decline since the global financial crisis in Q2 2009. In comparison, the U.S. economy grew at a 1.1% annual rate last […]

http://www.theglobeandmail.com/report-on-business/how-other-countries-have-tried-to-deter-foreign-real-estate-investors/article31128696/?reqid=16a8c907-8755-4b82-a698-0113d7f68337 Borrowed from the Globe and Mail! British Columbia joins a growing list of regions around the world that are restricting foreign investment and speculation in their housing markets. Here are measures taken in six other countries to cool house prices. Australia Australia has barred non-resident investors from buying resale houses unless they plan to […]

Re:  Property Transfer Tax   We just heard that the BC government is increasing the PTT by 15% tax for purchasers who are foreign entities.  Here is what we know:   1.A foreign national is one who is not a Canadian citizen or permanent resident.  If it is company that is purchasing, a foreign company […]

What if Canada was heading into (or remained for that matter) in a zero interest rate, flat rate, no chance of increase for foreseeable future environment?   A recent trade article shared this view from an industry broker: The Bank of Canada won’t let sky-high housing prices deter it from cutting rates – what would […]

The decision by British voters to leave the European Union (EU) has shocked markets and will no doubt lead to continued uncertainty for an extended period. Stock markets around the world are reeling, the British pound has taken an unprecedented nosedive, commodity prices with the exception of gold are plunging and interest rates are falling […]