New stress test for mortgages comes into effect today.
Posted on Jun 01, 2021
It's a bit harder to qualify for home loan as of today as the government has raised the minimum financial bar that anyone applying for a mortgage must meet. Ottawa raised the level of the so-called "stress test" for mortgages today, setting the new level at 5.25 per cent — or two full percentage points above the borrower's mortgage rate, whichever...
2021 Market Forecast
Posted on Jan 19, 2021
Last week the chief economist for the BCREA shared his projections for the upcoming year. If you would like to see the complete Zoom meeting click here
Selling a water access only lower mainland foreclosure
Posted on Dec 04, 2020
This spring I sold another lower mainland lower mainland foreclosure for Genworth Financial. When they told me that it was a water access only property, I gladly said I was up for the challenge. Not any other jobs allow you to commute on the water to get to work!
After quite a few showing and ride on all kinds of watercraft ranging from a dingy to a...
How to buy a lower mainland foreclosure video.
Posted on Dec 03, 2020
I just finished shooting my video on the process of buying a foreclosure and just have to edit now. I have found that there is a lot of confusion on how to buy a lower mainland foreclosure and this seems to be shared by both the buyer and a lot of Realtors. I have been selling foreclosures for over 20 years and I am excited to bring my knowledge to...Thank you again....
Posted on Nov 24, 2020
So happy to help get Sandra's mom into the next chapter of her life. Looking forward to when I can catch up with her on her new patio.
Sales volume is down but prices remain strong
Posted on Jun 02, 2020
The monthly stats package was just released from the Vancouver Real Estate board and it shows that although the sales volume is 43.7 percent lower than May of 2019, the prices in most regions has remained level over the last 3 months. This is an encouraging sign as the banks have been mandated to not initiate foreclosures till September 2020. If ma...