According to the Canadian Association of Accredited Mortgage Professionals, over the past 20 years mortgage repayment periods have shrunk to two-thirds of the actual contracted period. Furthermore, during the past year – a time when household debt has soared to a record high – 32 per cent of borrowers have managed to dramatically accelerate their […]

The Provincial Government First-Time New Home Buyers’ Bonus Expires on March 31, 2013. If you are currently in the market for a brand new home and qualify as a first-time new home buyer, you may be eligible to receive a significant bonus of up to $10,000 from the BC government.  The First-Time New Home Buyers’ Bonus is a […]

As heard on The Mortgage Show on CKNW with Angela Calla. To get pre approved for this property or any other purchase email us at callateam@dominionlending.ca or call 604-802-3983 This weeks deal of the week has been brought to you by: Robert Boies Royal LePage Coronation West cell: 604 341 3009 t: willingtwo E-mail: robboies@royallepage.ca […]

 TD Canada Trust’s Ed Clark says Canada isn’t heading for a US-style housing bust.   TD has just come off one of its most profitable years ever. Its shares have nearly regained the ground they lost in the financial crisis and the country’s second-biggest bank is riding high on the Canadian consumer’s apparently insatiable appetite […]

In today’s economic climate of tighter credit requirements, there’s no doubt that many people may not fit into the traditional banks’ financing boxes as easily as they may have just a few years ago. Your best solution is to consult your mortgage professional or lender to determine whether your situation can be quickly repaired or […]

Since an increasing number of lenders are moving towards collateral charge mortgages these days, it has never been more important to understand the differences between a collateral and standard charge mortgage. The primary difference is that a collateral charge mortgage registers the mortgage for more money than you require at closing. For instance, up to […]

DID YOU KNOW… The Home Buyers’ Plan (HBP) is a program for first-time homebuyers that allows you to withdraw funds from your RRSPs to buy or build a home. You can withdraw up to $25,000 tax-free ($50,000 for a couple). Your RRSP contributions must remain in the RRSP for at least 90 days before you […]

  2013 will be full of great opportunities! Following are our Top 4 Predictions for this year: 1) Borrowers becoming more savvy and focusing on a mortgage strategy With all the flash and dash of online mortgage comparison tools, smart borrowers know they need a customized long-term mortgage plan put in place by an independent […]

  While I’ve been busy sinking money into mortgage payments, daycare costs, RESPs, RRSPs, utilities, groceries, vehicle maintenance and the occasional vacation, I’ve somehow failed to notice that many Canadians seem to be doing all this – and stepping up their mortgage repayments, too.   According to the Canadian Association of Accredited Mortgage Professionals, over […]

Posted: Tuesday, December 4, 2012 October 2012 Housing market sees slight changes in October The Greater Vancouver housing market saw a slight increase in the number of home sales, a slight reduction in the number of listings, and a slight decrease in home prices in October compared to the summer months. With those changes, the […]