As of May 1, 2018, pre-approvals performed prior to January 1, 2018, have expired. This means the first wave of buyers facing OSFI’s […]
Author: LoanBox
6 May, 2018
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Select realtors and speculators who buy multiple condos have preferential first access to the most sought-after units in Vancouver, through private deals with […]
On April 27, 2018, Toronto-Dominion Bank (TD) lifted its posted rate for five-year fixed mortgages by 45 basis points to 5.59% as government […]
18 Apr, 2018
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Today, Wednesday, April 18, 2018, The Bank of Canada (BoC) maintained its target for the overnight rate at 1.25%. The Bank Rate is correspondingly 1.50% and […]
Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018. The Real Estate Board of Greater Vancouver […]
The fallout from OSFI’s new mortgage stress test continues to play out across the mortgage industry. More mortgage applications are being rejected by […]
10 Apr, 2018
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Housing affordability in Vancouver suffers from both demand and supply-side pressures. Demand growth is high while both geography and regulation restrict housing supply. […]
10 Apr, 2018
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Remember my new client’s, Peter and Krista, from last month’s newsletter? To summarize, my new clients came to me early-Spring looking to get […]
Many unsecured lenders charge high-interest rates on debt owing, making it impossible to pay off without the help of a lower interest solution. […]
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,207 in February 2018, a 9% […]