On Wednesday, July 15th, the Bank of Canada will announce whether they will maintain the overnight rate at 0.75% or whether they will cut it for the second time this year. The likelihood that they will announce a rate cut [...]
Vancouver’s Affordability Problem Housing affordability is a hot topic these days, especially in Greater Vancouver, where single-detached home prices have doubled in the last ten years, reaching $1.1 million in May 2015. Prices like that keep these homes out of the reach [...]
This article highlights recent research into homebuying activity of Canadians. We will focus on sources of financing, housing preference, and demographics. At the conclusion, the reader should have a good understanding of who is buying what, how, where, and why. [...]
The Vancouver housing market has received a great deal of attention lately, with strong growth in sales and prices throughout the first half of 2015. However, these headlines often mask a broader strength that is being seen across the province, [...]
Our Hands-Off Approach This article outlines how our hands-off Approach works and how we can help grow your business. Key Points & Strengths of the Hands-Off Approach Referral Fee – Who doesn’t love something for nothing? Refer a client to us [...]
Monthly Mortgage Costs – Greater Vancouver What is the typical monthly mortgage payment for new condominium apartments across Greater Vancouver? In this article, we present estimates of what you can expect to pay in monthly mortgage payments for a new [...]
Strata Fees in Metro Vancouver If you were to buy an apartment in the Vancouver area today, how much of your monthly payments would go to the Strata Council? The chart below shows estimates of what percentage of your monthly [...]
CMHC recently released the results of their annual Mortgage Consumer Survey. The survey included 3,510 recent mortgage consumers in Canada. Of them, 55% had undergone a renewal, 20% refinanced, and 22% purchased a home using mortgage financing. This article outlines [...]
All six major forecasters tracked here are calling for an increase in Canadian interest rates in both 2015 and 2016: Interest Rates dropped sharply in the first quarter of 2015, but have risen marginally since; All major forecasters are [...]