If you’re in the market for a private mortgage, you may have heard the term “presale” thrown around. Presale refers to a situation in which a borrower secures financing for a property that is not yet built or completed. Essentially, [...]
As a private mortgage lender, it’s essential to stay up-to-date with the latest industry changes and regulations. That’s why we’re here to share the latest news on the proposed mortgage rules from the Office of the Superintendent of Financial Institutions [...]
Debt consolidation is a popular option for homeowners in Vancouver, BC who are struggling to manage their monthly mortgage payments and high-interest debt. As a mortgage broker, it’s important to educate clients about the benefits of debt consolidation, so they [...]
What the Heck is a Second Mortgage? First off, are you aware that you can take a second loan on your home? A first mortgage usually starts with buying the property. The second loan against the same property, while your [...]
Are You Curious Why Home Owners Take Out Second Mortgages? 2nd mortgages or home equity loans can be used for important expenses, paying off outstanding debts, renovations or Children’s education. Home Equity Solutions offers 2nd mortgages or home equity loans [...]
The Fall of Home Capital and What it (Doesn’t) Mean for Canada’s Housing Market Recently, a few people have asked me what the implications are of the recent 60% decline in Home Capital’s stock price, so I thought I would make [...]
The Impact of Vancouver’s Foreign Buyer Tax In July 2016, the Government of BC imposed a steep property transfer tax on foreign buyers of real estate in Greater Vancouver. With the Government of Ontario actively looking at implementing a foreign buyer’s [...]
Vancouver Housing Market Dashboard We have built interactive dashboards to help you get a sense of housing prices across the Lower Mainland. If you are looking to buy, sell, refinance or you just like data, this is the place for [...]
BC Government Offers Interest-Free Loans to First Time Home Buyers If you are thinking of buying your first home and you live in BC, then you should be aware of the Home Owner Mortgage and Equity Partnership, a new loan program [...]
Expect a Shakeup of BC’s Real Estate Industry Change is on the horizon for BC’s real estate industry and, as a potential consequence, the housing market. If you are looking to buy or sell, if you are a realtor or [...]
What is “Shadow Flipping” in Vancouver’s Real Estate Market? If you have been following the news around housing affordability in Vancouver, you have probably heard the term “shadow flipping”. It has a lot of people upset, with the Premier calling the [...]
5 Reasons You Should Always Pay Down Your Debt First Personal finance doesn’t have to be all that complicated. In fact, it shouldn’t be. For the vast majority of people, it comes down to a few simple rules. One of [...]