With all of the rule changes imposed by the federal and provincial governments around mortgage financing and real estate it may be more difficult to access financing.  But don’t take it personally – sometimes it’s not you it’s the property. When lenders underwrite your application for approval they look at you as a borrower but […]

With changes to mortgage rules and interest rates on the rise here are some tips for your variable rate mortgage that could save you thousands. Since 2009 the prime lending rate has shifted from a high of 6% down to 2% range remaining fairly level for the past few years before rising to a present […]

What you need to know before you renew your mortgage could save you thousands of dollars.  Is your mortgage on your home or other properties maturing in 2018? Typically you will receive your mortgage renewal notice from your current lender 3-4 months in advance of the renewal date.  Sometimes you may receive an offer for […]

This story is from the Fall edition of Our House Magazine Moving on up from condo to house, these young homeowners prove age is just a number For Jordan Rothwell and Karissa Roed, the timing to find their forever home couldn’t be more perfect. The couple, who recently moved to Mission, B.C., are expecting their […]

I recently helped a client who had some common misconceptions of a CHIP Mortgage.  Christine owned her home with a small line of credit she secured 5 years earlier.  She is 70 years of age with some pension income.  Christine was concerned about the balance on the line of credit and with the higher cost […]

They say two things are certain, death and taxes; in Canada there is a third certainty that there will be more changes to mortgage rules.  These changes will impact all home buyers and owners who need to finance their properties.  To understand financing options for conventional borrowers – ask your Mortgage Broker. In October 2016 […]

Whether you started your retirement savings in your 20’s or in your 40’s,  planning ahead for retirement is key.  There are various elements to consider especially once you approach the last 10 years before retirement.  Always consult with your trusted advisors along the way.  Your financial planner, accountant, lawyer and mortgage broker can help build […]

In the Fall of 2016 the Federal Government made some significant changes to mortgage financing guidelines but how did the change to the mortgage rules impact interest rates?  I receive calls from people each week after checking rates with their bank and online wondering why the rates are so different.  In fact people wonder why […]

UPDATE:  The NDP Government cancelled this program in March 2018. On Dec 15,2016 the BC Government announced the launch of the BC Home Owner Mortgage and Equity Partnership (BC HOME Partnership Program).  The program assists eligible residents of British Columbia with a repayable loan up to a maximum five per cent of the purchase price […]

Most home owners will receive their BC Assessment in the mail the first week of January.  For the 2017 assessment many homeowners will see an increase in the value which will impact property taxes.  For some, deferring property taxes may be an option. Once you receive your property tax notice, you may be able to apply […]