Blog Articles
November Housing Data Show Rebound Underway
This is Dr. Sherry Cooper, Head DLC Economists, most recent post. NOVEMBER DATA CONFIRM CANADIAN HOUSING REBOUND Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the ninth consecutive month and now...
Huge Decline in November Jobs As Jobless Rate Surges
HUGE DECLINE IN JOBS IN NOVEMBER AS JOBLESS RATE SURGES One month does not a trend make. Statistics Canada announced this morning that the country lost 71,200 jobs in November, the worst performance in a decade. What’s more, the details of the jobs report are no...
7 Tips For A Maximum Appraisal Value
APPRAISAL VALUES NEEDED FOR ALL MORTGAGES The appraisal value is used by the majority of lenders to determine the fair market value of your home. A licensed appraiser will determine the appraised value by completing a full report. Bank, Monoline lenders and Credit...
Verifying Your Source Of Funds
Verifying Your Source Of Funds Verifying your source of funds used to purchase real estate has recently come under scrutiny. It seems every day more information comes to light about the extent of money laundering in British Columbia. It appears billions of dollars...
Mortgage Payment Options
Different Types of Mortgage Payments Options Congratulations, you've found your dream home and your trusted Mortgage Broker secured your mortgage. You have many mortgage payment options to pay off your mortgage faster. Faster repayment means less interest paid...
Stress Test Rate Lowered by The Bank of Canada
STRESS TEST QUALIFYING RATE LOWERED BY THE BANK OF CANADA The stress test qualifying rate was lowered 15 bps by the Bank of Canada. The new rate is 5.19%, down from 5.34%. This is a modest move when you consider Canada's 5-year bond rate has declined 106 bps from...
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