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Market Insights & Updates

Practical information about BC mortgages, rates, and real estate - written plainly, without the hype.

November 2010

Mortgage Types in BC

CONVENTIONAL MORTGAGE In British Columbia, if you have at least 20% of the purchase price (or appraised value if this is lower than the purchase...

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October 2010

Mortgage Terminology For BC Home Buyers

Adjustment Date: Date agreed to by both parties to a real property transaction for the adjustment of property taxes, rent, interest, and other items. Affidavit:...

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September 2010

Smart Variable Rate Strategy

From www.canadianmortgagetrends.ca: “The odds are fair that prime rate is heading 25 basis points higher in one of the next two Bank of Canada meetings. (See this...

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September 2010

Hidden Fees/Closing Costs

When you are considering buying a house, you will need to have additional funds set aside for closing costs. These costs can add up to...

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September 2010

Best rates in BC- September 1st 2010

I am always actively looking at our competition, and we can usually beat the rates available in British Columbia.  The reason this is possible is...

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August 2010

BC Fixed Rates Dropping- August 25/2010

Fixed rates continue to drop because of the low bond rates.   We currently have a 3.69% 5 year and it’s quite possible it could...

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August 2010

Buying a property in BC- Main People Involved

When buying a home or other property, you will have to rely on a range of professionals to guide you through the process.  For first...

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July 2010

3.95% Fixed rate, Prime rising (July 21st/2010)

We have a 5 year fixed at 3.95% but that rate could get even lower.  Our best closed variable rate is P-.70% (translation= 2.05% until...

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July 2010

The Mortgage Process in BC

1. Pre-Approval Getting a pre-approval is the first step to start a mortgage. A pre-approval will guarantee that you keep a certain rate for up...

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July 2010

Pre-Approvals

Buying a home in British Columbia can be virtually impossible for some people in certain markets. Thus, many homebuyers unknowingly make offers on homes they...

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