Who says real estate isn’t affordable – even in the lower mainland?? There truly are affordable real estate options for British Columbians. Following are some great examples: If you make $20 an hour working full time (approximately $40,000/year) and have accumulated approximately $10,000 for a down payment from your RRSPs, unused RESPs, Gift or Savings, […]

Top 5 takeaways from the Bank of Canada’s decision John Shmuel  Jul 17, 2012 – 10:40 AM ET | Last Updated: Jul 17, 2012 11:15 AM ET Christinne Muschi/Reuters The Bank of Canada cut its economic growth forecast for this year and next in its interest rate decision Tuesday. Above, Bank Governor Mark Carney addresses the […]

As heard on this weeks 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: New Westminster at it’s best  http://rboies.mlslink.mlxchange.com/?r=1090113950&id=363434333136.312  Robert BoiesRoyal LePage Coronation Westcell: 604 341 3009 t: […]

As heard on this weeks Mortgage Show on CKNW with Angela Calla Saturday July 7th 2012. 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: Vancouver $40 a day http://rboies.mlslink.mlxchange.com/?r=192510893&id=363434333136.312 Port Coquitlam $22 a day (forclosure)http://rboies.mlslink.mlxchange.com/?r=664365465&id=363434333136.312 […]

The current mortgage rate environment truly is an amazing opportunity for Canadians! It’s interesting to compare today’s mortgage opportunities to the peak of the market in 2008. With a $300,000 mortgage at a 40-year amortization and a 5.79% interest rate in 2008 compared to today’s 3.09% five-year fixed rate at a 25-year amortization means today’s […]

Greater Vancouver housing market favoured buyers in June The number of residential property sales hit a 10-year low in Greater Vancouver for June, while prices remained relatively stable. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 2,362 in June, a 27.6 per cent […]

Selling your current home and moving into a new one can be stressful enough, let alone worrying about your current mortgage and whether you’re able to carry it over to your new home. Porting enables you to move to another property without having to lose your existing interest rate, mortgage balance and term. And, better […]

The Federal Government has announced four new clamp downs on mortgage financing effective Monday, July 9th, 2012. These changes include: Reducing the maximum amortization period to 25 years from 30 years Reducing the maximum amount of equity homeowners can take out of their homes when refinancing to 80% from the current 85% Limiting the availability […]

With new lending changes expected in the weeks to come, it’s best to review your purchase, renewal or refinance options sooner rather than later (in the next two weeks) – especially if you want to ensure your debt and retirement plan is in order and you’re able to optimize your equity with the best possible […]

One thing we can count on in the mortgage industry is change. In learning how to optimize the market to your advantage, it may be wise to get a line of credit today to protect you from having to sell your house before you’re ready. Canada’s banking regulator has stepped in with changes that may […]