Whether you’re a homeowner in Langley or simply interested in understanding the potential benefits of reverse loans, this page is your go-to resource for valuable insights and information. Our mortgage professionals are here to guide you through the intricacies of reverse loans, helping you unlock new financial possibilities and enjoy the peace of mind you […]
Refinancing your mortgage can be a smart financial move, especially if you can take advantage of lower interest rates. However, before you apply for a refinance loan, it’s essential to consider some critical factors to ensure you make an informed decision. Here are the important things you should consider: Your Credit Score – […]
Are you thinking about buying a second home? Whether it’s a vacation home or an investment property, securing a second home loan can be a great way to achieve your real estate goals. However, it’s essential to consider some important factors before applying for a second home loan to make sure you make the […]
The Bank of Canada raised its benchmark rate by a further 50 basis points on Wednesday, bringing it to 4.25% in a move that signalled the first time it has hit the 4% mark since 2008. However, The Bank of Canada’s “very encouraging” language in its latest policy rate announcement indicates that it could be […]
Ottawa, ON, November 15, 2022 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022. Highlights National home sales were up 1.3% on a month-over-month basis in October. Actual (not seasonally adjusted) monthly activity came in 36% below October 2021. The number of newly […]
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5 per cent decrease from the 3,494 sales recorded in October 2021, and a 12.8 per cent increase from the 1,687 homes sold in September 2022. Last month’s sales were 33.3 per cent […]
SURREY, BC – Fraser Valley housing market sales for October remained relatively unchanged from last month asprices dipped slightly across all categories. In October, the Fraser Valley Real Estate Board (FVREB) processed 901 sales on its Multiple Listing Service® (MLS®),an increase of 0.4 per cent compared to last month and a 53.5 per cent decrease […]
General Information relating to Deferred Mortgage Payment Programs Deferred mortgage payments are discretionary. Lenders maintain the legal right to timely repayment of their mortgages and mortgage payment deferral programs are offered at their sole discretion and each lender has different policies on how they handle these requests. Note: These programs are generally restricted to ‘Institutional” […]
The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage payments without adding to their financial burdens. The First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada. It offers: 5% or 10% for a first-time buyer’s purchase of a newly constructed home 5% for a first-time buyer’s purchase […]
The Bank of Canada is keeping its key interest rate unchanged and appears to be in no hurry to move the interest rate any time soon because the announcement today removed all mentions of a need for future increases. The bank says the economy was operating close to full tilt for most of the past […]
