by Geoff | Feb 26, 2016 | Economy
Diverging Housing Markets And BC Budget Data released earlier this week for January showed the stunning disparity in regional housing markets in Canada (see chart below). Vancouver remains the red-hot leader with year-over-year (y/y) price gains of 20.6% and home...
by Geoff | Jan 8, 2016 | Economy
U.S. Job Strength Vindicates Fed Rate Hike, But Canada Still Weak Once again, the Canadian economy showed signs of struggle as the December jobs report showed gains only in Ontario, while jobs were flat or down in every other province. In marked contrast, payrolls in...
by Geoff | Dec 9, 2015 | Economy, Market Updates
Lower oil prices, alongside a continued slump in mining and metals, has weighted on growth. Oil-dependent provinces such as Alberta, Saskatchewan and Newfoundland and Labrador have seen their economies hardest hit. That includes a drop in housing activity. Meantime,...
by Geoff | Oct 14, 2015 | Economy
Well the word is out… Canada is in a technical recession…so what does that mean for Canadian mortgage holders? The main question that I have been asked is, “how will the recession impact interest rates or my mortgage?” For those currently in the middle of a mortgage...
by Geoff | Sep 30, 2015 | Economy
How To Qualify For a Mortgage After a Consumer Proposal. Congratulations you have made it through one of the toughest financial times in your life. It feels good to have this under control and know there is a light at the end of the tunnel. I too have been down this...
by Geoff | Aug 18, 2015 | Economy, Finances, Getting a Mortgage, Mortgage Broker
Many people ask the question what is a mortgage broker? There are countless opinions on whether it is smarter to work directly with a bank when acquiring a mortgage or whether it is more beneficial to work through a mortgage broker. Opinions fall in favor of both...
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