by Geoff | Jun 19, 2019 | Getting a Mortgage, House Hunting, Trends
A recent survey found that only the top 2.5% of income earners can afford the benchmark price for a Vancouver House. That stat is coupled with another one that shows based on those numbers, it would take an income of at least $205,475 to be able to pay back the...
by Geoff | Jul 18, 2018 | Getting a Mortgage, House Hunting, Refinancing
Many homeowners are vaguely aware of the fact that you can take out a second loan on your home. You hear your friends mention it or perhaps a family member close to you has gone through the process—but do you truly know what it means to take out a second mortgage? We...
by Geoff | Apr 27, 2017 | House Hunting
Real Estate In Vancouver Vancouver’s Red Hot Real Estate Market has become a news sensation. It’s in the headlines. It’s on TV. It’s in every other social media post you scroll through in your feed. But the question remains—what is actually happening in the market?...
by Geoff | Nov 9, 2016 | Getting a Mortgage, Home Renovations, House Hunting
When bad things happen to good people sometimes the reality is they just can’t keep up with their mortgage payments. While Canadian mortgage defaults are amongst the lowest in the world at just 0.31%, foreclosure still happens. In BC, if a lender forecloses on a...
by Geoff | Oct 19, 2016 | First Time Home Buyers, House Hunting
Practice your mortgage… What exactly do I mean by that? Well, if you’re a first-time buyer and just beginning to explore the housing market, chances are you’re currently renting or living with family, and very likely paying less than you will be going into your new...
by Geoff | Oct 11, 2016 | First Time Home Buyers, Getting a Mortgage, House Hunting
Often times it’s the simple math that will betray you when selling a property. In your head you do quick calculations, you take what you think your property will sell for and then subtract what you owe on your mortgage, and the rest is your profit! Well… not so fast,...
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