US Federal Reserve Rate Hikes - Vancouver BC

What the US rate hikes mean for Canadians

As Pierre Trudeau once said about living so close to the United States “Living next to you is in some ways like sleeping with an elephant. No matter how friendly or even tempered is the beast, one is affected by every twitch and grunt”. That statement, said almost 40 years ago, still holds very true today. Our economies are even …

Donald Trump Vancouver Real Estate

Donald Trump – Does Canada Win or Loose?

It is finally over. Donald Trump is set to become the 45th president of the United States. It is safe to say that this recent US election was one of the most polarizing and emotionally charged of our time. Regardless of the diverse opinions, only time will tell how this will affect the average American, the US economy, and us …

Vancouver Mortgage Broker Aimal Pamir

Real Effects of the Vancouver Mortgage Changes

It’s been a week since the new rule changes have taken effect and it seems the biggest concern for Canadians revolves around the new qualifying requirements for new insured mortgages (less than 20% down payment). Borrowers will have to qualify based on the Bank of Canada posted 5 year rate which is currently 4.64%. This means that most borrowers will …

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Government Mortgage Rule Changes

Below are the highlights of all the new rules and regulations.  There will be some more items to come in the next few weeks.  I will keep you posted.  But do call or email with any questions. Summary of Changes for High Ratio Deals above 80% LTV: All high ratio (less than 80%LTV) deals submitted will be subject to the new …