Borrowed from LinkedIn and Kenneth Pazder In our real estate law practice we have seen houses steadily rise over the past seven or eight years and jump drastically since January of this year. For example, homes in Vancouver on Connaught Drive which were selling for $3-4,000,000 a few years ago are now on the block […]

SHOCKING US JOBS REPORT AND TORONTO AND VANCOUVER HOUSING TOO HOT First on the U.S. Jobs Front The May employment report was released this morning in the US and it was shockingly weak–indeed, the weakest number in almost 6 years. Nonfarm payroll employment was up only 38,000, well below the market expectation of 160,000. Not […]

Canada Starts to Outperform the U.S.         Crude oil prices are poised for their biggest monthly gain in seven years, hitting a new high for 2016, and as day follows night, the Canadian dollar is up sharply–just shy of 80 cents U.S. Today’s February GDP report was not as weak as expected […]

Borrowed text from the Aragons of the DLC network… Whether you are a first time buyer, looking at buying a bigger house or downsizing, if you are looking at buying an investment property it is important to be prepared. This spring a sellers’ market is in full swing, which is more noticeable in certain areas […]

Borrowed from Pauline Tonkin – DLC. New credit reporting and what it says about you and your spending habits may make all the difference between you buying a home now or later. When home buyers contact me to apply for a mortgage, I always review their credit report with them along with the rest of […]

Borrowed from Kristin Woolard DLC! With mortgage interest rates at historical lows, it is a wonderful time for first time home buyers to take the leap into the market. But there are some considerations and preparations to be made before starting the process. A higher level of bank scrutiny has come into play now that […]

Property Transfer Tax Changes By now you should have heard about the changes in the latest budget regarding the PTT. Here is what we know.   1.            There are no changes to the first time home buyer exemption limits;   2.            All buyers (whether first time buyers or not) no longer pay PTT on purchases […]

DLC Corporate Blog – How Double Income Families help drive the RE market. No doubt you have thought about the affordability of the current Canadian housing market and chances are you have even thought about where houses prices will go in the future! Maybe you have parents that tell you stories of a different time when […]

TOP 8 BENEFITS OF USING A MORTGAGE BROKER When shopping for a mortgage, many home buyers enlist the services of a Mortgage Professional. There are several benefits to using a Mortgage Broker and I have compiled a list of the top 8: 1. Saves you time – Mortgage Brokers have access to multiple lenders (over 50!). They work […]

Great borrowed material from the DLC Network – Most banks boast a higher than 90% renewal rate on their mortgages (some even higher than 95%). Since it costs them a lot more money to acquire a new client vs. keeping an existing one, banks love the savings of a simple renewal. So you would think that […]