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Posted by: Adam Sale
2nd Mortgages are rising in popularity Over the last 2 months I’ve had several conversations with homeowners interested in finding alternative ways to unlocking their home equity to either purchase a rental property, or consolidate debts. When rates were significantly lower last year it made sense for homeowners to refinance their property, take out equity, […]
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Key Points from Bank of Canada’s 1% Rate Increase As I’m sure you’ve heard by now, the Bank of Canada increased they’re overnight rate by 1%, this will increase the Prime interest rate to 4.70%. Below is a snippet of the monetary policy report & key points Tiff Macklem discusses the Bank’s strategy 10:55 – 14:20 […]
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Did you know you can shop various lenders when you renew your mortgage? You may be close to completing your first-term or finishing up your 2nd, 3rd or 4th term, but did you know that at your renewal period you can shop other lenders to find a more competitive offer? The 120-days before your renewal […]
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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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