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Is Your Variable Rate Optimized?

There are many great arguments for and against entering into a Variable Rate versus a Fixed Rate, but I won’t be chiming in on that debate today. Today’s post is for those who are in Variable Rates and are happy to remain. One of the greatest benefits of a Variable Rate Mortgage is the Low … Read more

BC First Time Home Buyer Grant Increased

Good news for first time home buyers in British Colombia. The BC provincial budget increased the maximum eligible purchase for the property transfer tax exemption from 425k to 475k. Property transfer tax (PTT) is a one time cost paid on any purchase of real estate in BC. It’s an often overlooked cost of purchasing real … Read more

What You Need to Know When Buying a Condo

Vancouver Mortgage Broker

Whether you’re a baby boomer looking to downsize or a first-time homebuyer, condos are a popular option, especially in pricey markets like Vancouver. What’s not to love about a condo? Not only are condos usually more affordable than houses, they don’t come with all the headaches and hard work of owning a house.   Are … Read more

Affordable Housing Options in Vancouver

Commercial Mortgage Vancouver

With residents in Vancouver spending so much on housing, how’s a family supposed to make ends met? It should come as no surprise that many families are struggling to find affordable housing in Vancouver. Although it’s tough, that doesn’t mean you should throw your hands up in the air and give up – let’s take … Read more

Home Insurance – Am I Covered?

Vancouver Snow Need for Home Insurance

2013 was a year full of extreme weather. In June, we saw the floods in Alberta that no one could have prepared for. The floods devastated Calgary and surrounding areas, leaving thousands homeless and billions of dollars in damage. Severe weather wasn’t limited to the Prairies – Canada’s largest city, Toronto, received a torrential downpour … Read more

Types of Mortgages Available In Vancouver

If you are planning to purchase a house with a mortgage in Vancouver, you should have a basic understanding of the different types of plans available to you. We will discuss each one in detail in future posts. Conventional Mortgages These mortgage plans are also known as Low Ratio Mortgages and require a down payment … Read more

Adjustable Rate Mortgage (ARM) in Canada

An Adjustable Rate Mortgage is a long-term home mortgage that features an adjustable interest rate.  Its counterpart, the fixed rate mortgage, has a predetermined mortgage rate that spans the life of the mortgage repayment time. These mortgages are often referred to as Variable Rate Mortgage or as Renegotiable Rate Mortgage. An ARM in Canada will … Read more