Each Office Independently Owned & Operated
Posted by: Adam Sale
National Bank of Canada Wins the Bank of Canada Rate forecast! Early in 2024, National Bank had the most aggressive rate forecast, expecting the Bank of Canada to reduce the overnight lending rate 1.75% by the end of 2024. Thanks to today’s rate announcement by the Bank of Canada, they were the only lender with the correct prediction. Now, […]
Read MorePosted by: Adam Sale
Your Buying Power Increased by 9%! If you are thinking about purchasing or selling your home in the next year, you need to understand the importance of the upcoming CMHC policy changes. As of December 14, 2024 – First-time homebuyers purchasing with a down-payment less than 20% will see their purchasing power increase by approximately 9.00% due to the […]
Read MorePosted by: Adam Sale
Accelerate Your Net Worth! Now that you own a home, and you’re making regular payments on your mortgage do you have a financial plan to grow your Net Worth efficiently? In this blog, I’ll highlight 3 competing options to help you Accelerate Your Net Worth! Keep in mind, each of these options has a different […]
Read MorePosted by: Adam Sale
Massive Switching Opportunity & Is 2025 the Right time to Buy? The bank’s don’t want you to find out about this.. If you purchased a home, or renewed your mortgage, in 2023 and you have a fixed-rate above +5.70% with at least 2-years left on your mortgage term, you are paying to much. To see if this opportunity applies to your mortgage, […]
Read MorePosted by: Adam Sale
Big Changes for ALL Mortgage Holders: More Competition & Better Savings! Last week Canada’s Banking regulator (OSFI) announced they will be removing the stress-test on ALL mortgage renewals as of November 21, 2024. The stress-test has been the main culprit in hand-cuffing many mortgage holders to their current lender. The old rules require anyone switching mortgage lenders to requalify […]
Read MorePosted by: Adam Sale
Breaking News: Massive Policy Change for First-Time Home Buyers 30-Year Mortgages & $1.5-million Purchases Every so often the federal government makes a massive policy change to influence Canada’s real-estate market. In 2017, the government brought in the stress-test. This essentially threw a wet-blanket on a hot real-estate market. It helped end runaway housing prices, and […]
Read MorePosted by: Adam Sale
Is it better to go with a Fixed Rate Mortgage or a Variable Rate Mortgage? The Bank of Canada’s decreased the Prime Rate for the 3rd time last week, which is re-igniting the question above. Over the past 24-months, the 3-yr fixed-rate has risen in popularity over the 5-yr Variable rate and the 5-yr fixed […]
Read MorePosted by: Adam Sale
Did you know housing PULLS an Economy out of a recession? First, lets quickly recap what a recession is. A recession is defined as declining GDP, and high unemployment. A simplistic way of thinking about GDP is to think of it as a collection of all the small businesses like a grocery store, a furniture […]
Read MorePosted by: Adam Sale
Bank of Canada Decrease’s Policy Rate to 4.75% Bank of Canada’s announcement today reduces the policy rate to 4.75%, down from 5% it has held since July 2023. This change aims to address economic pressures Canadians have been facing due to rising costs and high mortgage payments. This reduction comes at a critical time. Many […]
Read MorePosted by: Adam Sale
Where are BC’s Housing prices going? Up or Down? I believe this graph holds the answers… *Disclaimer* – I am from Vancouver, British Columbia and my bold prediction of double digit price increases is meant for Metro Vancouver Condo’s, NOT Canada as a whole. THIS GRAPH TELLS US.. For every 1-housing unit being created, there are 5 […]
Read More