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Posted by: Adam Sale
Fixed Mortgage Rates Continue to Climb Fixed interest rates keep climbing and they are not showing any signs of slowing down. The bond yield determines the movement of fixed mortgage rates and as you can see from the image below the yield is increasing. As of last week, we broke through the 3% level and […]
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Mortgage Strategies for a High-Rate Environment Mortgage rates have risen sharply across all mortgage products and lenders. Identifying the correct strategy and opportunity between lenders will get you a fair mortgage rate without paying additional interest. Banks Vs Credit Unions – Over the last 4 months of heavy rate increases I’ve noticed the Big Banks are […]
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How to Spot the Opportunity in Vancouver’s Changing Real Estate Market – May 2022 The real estate market is changing, in this video I’ll explain how the average buyer will miss the bottom of the market because they will be focused on the wrong data. I also share some tips on how your buyers can […]
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Bank of Canada Increases Overnight Interest Rate Where’s the best deal? Where do we go from here? Bank of Canada Increases Rates by 0.50% → Still lower than 2019 rates – Watch Video Bank of Canada increased their overnight lending rate to 1.00%, this is still 0.75% lower than pre-pandemic levels. This rate hike will […]
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What are Government Bonds? Government bonds are essentially I.O.U’s issued by the government to fund their public programs. These I.O.U’s provide a great option for investors with excess cash looking for a safe place to park their money to generate a return on their investment (rate-of-return). Because bonds are backed by the Canadian government and […]
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I believe we are at the beginning of a shift in the Vancouver housing market. I’d like to provide you with an update with what we’re noticing in the Mortgage market and how this will likely affect Vancouver housing market. Since September 2021 Canada’s 5-yr bond yields have increased from 1.59% to 2.28%. This has […]
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How I help my clients keep their purchasing power even during increasing stress-test requirements! If you know anybody doing a pre-approval and is looking to qualify for the largest amount possible, please have them speak with me to avoid qualifying at the increasing stress-test requirements. Fixed mortgage rates have exploded over the last month and now […]
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Increase Your Rental Property Purchasing Power Instantly! Purchasing a rental property is an excellent way to create wealth in real estate, and finding the best mortgage solution is necessary in making this investment a success! To qualify for a rental mortgage the borrower is relying upon rental income to offset their expenses on their new […]
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Bank of Canada holds benchmark interest rates steady in final decision of 2021 The Bank of Canada made its eighth and final (scheduled) interest rate decision of the year and for the eighth time, left its overnight benchmark unchanged at 0.25%. Outlook: Stimulus continues The Bank continues to expect CPI inflation to remain elevated in […]
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How will Bank of Canada’s recent development affect you? The Bank of Canada announced they are no longer printing money to purchase the Government of Canada’s bonds, but what does this mean for the consumer, and where are mortgage rates going in the near term? Ending the bond buying program is the initial step required […]
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