Bridge Financing

Bridge Financing or a bridge loan is a short term, temporary loan, to cover a borrower’s down payment  when closing dates between two real estate transactions don’t match. The bridge financing will be paid upon the closing of the last real estate transaction. In the event the date of the sale of a home doesn’t […]

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Interest Rate Forecast

Earlier this month, Finance Minister Jim Flaherty gave his interest rate forecast, stating Canada will face global pressure to raise interest rates in 2014, as the United States begins to step back from its policy of extraordinary economic stimulus through intervention in bond markets. For full details visit: http://www.theglobeandmail.com/report-on-business/economy/budget-surplus-could-be-bigger-than-forecast-in-2015-flaherty-tells-ctv/article16196939/ However, this week at the Bank […]

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Financial/Mortgage Check Up for 2014

Happy New Year— I wish you all the best in your health, relationships and in business.  As we move into the second week of the year we really have to get going on those goals we set for our self and one I would suggest is your financial/mortgage check up for 2014! I hope you […]

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Disputing The BC Assessment of Your Property

Over the past couple of weeks you should have received in the mail the BC Assessment for your home.  If  you disagree with any changes to the value of your house and property you have the option of disputing your BC Assessment of your property.  You must issue this dispute before January 31st each year. […]

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Buying a home with a friend

When it comes time to buy a home and you can’t buy on your own, buying a home with a friend may be an option.   With the higher costs of buying a home in the Vancouver lower mainland some buyers are looking to share the expenses and buy with a family member or friend. In […]

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When a condominium community goes to war,everybody loses.

When a condominium community goes to war, everyone loses. The owners lose trust in the board of directors’ ability to manage the condominium. Necessary repairs go undone. Not enough money is collected to pay for future repairs. Nothing gets accomplished, and the value of the units decline. Often, disgruntled owners try to replace the directors. […]

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Canada's Top 100 Investor Neighbourhoods

Rocky Mountain House. Brossard South. Doon. These place-names may mean little to investors now, but they have just been listed in the coveted Canada’s Top 100 Neighbourhoods to invest. “Investors should seek local expertise to navigate the mortgage funding process. Familiarity with the real estate and mortgage financing markets is the key to a sound […]

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Cell phone providers are now reporting on credit bureaus

It is a little known fact that in Canada cell phone providers are now reporting on credit bureaus.  In the past, only one of the agencies was reporting late payments and delinquencies on the bureau.  Now, both Equifax and Transunion are listing a trade line on the bureau for all and any cell phone contract […]

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BC Training and Education Savings Grant

To help families start planning and saving early for their children’s education after high school, the Government of British Columbia announced a new $1,200 BC Training and Education Savings Grant. When a B.C. resident child turns six years old, the Province of British Columbia will put $1,200 into the child’s  Registered Education Savings Plan.  For […]

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Bank of Canada Maintains Overnight Lending Rate

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economy continues to expand broadly as expected, but its dynamic has moderated. In the United States, […]

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