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The latest thoughts and insights from Geoff Lee and GLM Mortgage Group | Dominion Lending Centres
Renting vs. Buying: Financial Considerations for Canadians
Renting vs. Buying: Financial Considerations for Canadians The age-old question of renting vs. buying a home is one that many Canadians grapple with on a daily basis. The decision is not only about having a place to call your own but also involves significant...
Episode 17: Strategies for Paying Off Mortgages Early
Unlock the secrets to financial freedom with expert tips from Allister Carrington and Geoff Lee! In our latest episode of The Real Deal Pod, Allister and Geoff dive into effective strategies for paying off mortgages early. Learn how to utilize prepayment privileges,...
Episode 16: June Market Update: Slower Sales, Rising Inventory
Unlock the secrets of the Fraser Valley and Metro Vancouver real estate market in our latest episode! In Episode 16 of The Real Deal Pod, we dive deep into the recent slowdown in sales and the significant rise in active listings. Despite a rate cut by the Bank of...
How to Pay Off Your Mortgage Early: Strategies That Work
How to Pay Off Your Mortgage Early: Strategies That Work Owning a home is a dream many of us hold dear, and securing a mortgage often becomes a necessary step toward realizing that dream. However, the long-term commitment of a mortgage can feel overwhelming. The good...
Episode 15: Understanding Notaries vs. Lawyers in BC Real Estate with Grant Sauer
In our latest episode of The Real Deal Pod, we're so excited to be joined by Grant Sauer from Grant Sauer Notary Public to explore the crucial differences between notaries and lawyers in real estate transactions, specifically within British Columbia. Discover what...
New Short-Term Rental Regulations in Effect May 1, 2024: What You Need to Know
New Short-Term Rental Regulations in Effect May 1, 2024: What You Need to Know As of May 1, 2024, significant changes to short-term rental regulations have taken effect in British Columbia (B.C.). These new rules, aimed at addressing the housing crisis by returning...
Navigating Financial Strain in 2024: How We Can Help
Navigating Financial Strain in 2024: How GLM Mortgage Group Can Help The financial strain on Canadian households escalated in the first quarter of 2024, with missed payments on mortgages and other credit returning to pre-COVID levels, according to a report by Equifax...
Episode 14: Navigating Financial Strain in 2024 – Insights for Homebuyers and Investors
In this episode of The Real Estate Insights Podcast, Allister Carrington and Geoff Lee dive deep into the latest Equifax Canada report revealing escalating financial strain on Canadian households. Discover how rising missed credit payments and regional disparities are...
Episode 13: Navigating Interest Rate Waves and Market Trends!
Welcome back to The Real Deal Pod with Allister and Geoff! In lucky episode number 13, we dive deep into the dynamic world of interest rates and real estate market trends. Join us as we discuss the recent Bank of Canada rate cuts, what they mean for fixed and variable...
Understanding Mortgage Rates and How GLM Mortgage Group Can Help
Understanding Mortgage Rates and How GLM Mortgage Group Can Help Mortgage rates have recently seen significant changes, impacting both existing homeowners and new homebuyers. The Bank of Canada's interest rate cut has led to reductions in both variable and fixed...
Episode 12: Understanding the Rate Drop: What Homebuyers and Investors Need to Know!
In our latest episode of The Real Deal Pod, Geoff and I dive deep into the recent quarter-point drop in the Bank of Canada's overnight lending rate and what it means for you! Key takeaways: Discover how the rate drop impacts your mortgage payments. Learn why this move...
Amortization Periods: A Key Aspect of Mortgage Packages
Amortization Periods: A Key Aspect of Mortgage Packages When exploring mortgage options, understanding amortization periods is crucial. These periods define how long it will take to pay off your mortgage, given the terms of your contract. They significantly influence...
What Are My Chances of Getting a Mortgage After Bankruptcy?
What Are My Chances of Getting a Mortgage After Bankruptcy? Filing for bankruptcy can be a daunting experience, leaving many to wonder if they'll ever be able to secure a mortgage again. However, the path to homeownership post-bankruptcy is not as bleak as it may...
Episode 11: Unlock the secrets of Canada’s interest rates and inflation, and empower your real estate decisions
Stay ahead of the curve with our latest episode of The Real Deal Pod, where Allister Carrington and Geoff Lee unravel the complexities of Canada's shifting interest rates and inflation trends. This essential discussion is a must-listen for homebuyers, sellers, and...
Episode 10: Understanding the Consequences of a Missed Mortgage Payment
Missed mortgage payments can have serious implications on your financial well-being and homeownership journey. In this episode of The Real Deal Pod, Allister Carrington and Geoff dive deep into the repercussions of missing mortgage payments, offering invaluable...
Navigate Canada’s Changing Interest Rates and Inflation
Navigate Canada’s Changing Interest Rates and Inflation In recent developments, Canada’s annual inflation rate has slowed to a three-year low of 2.7% as of April, according to new data from Statistics Canada. This significant deceleration, primarily led by easing food...
What Happens if I Missed a Mortgage Payment?
What Happens if I Missed a Mortgage Payment? That is a great question. Let’s dive into the details in today’s blog. With the current high interest rates, homeowners generally, but especially with variable-rate mortgages are experiencing significant increases in their...
Episode 9: Decoding Canada’s 2024 Budget: Tax Changes, Investment Insights, and More!
Join Allister, Geoff, and special guest Jay Brecknell, Co-Founder of Cedar Rock Financial, as they dive deep into Canada's 2024 Budget. From tax changes to investment opportunities, this episode unpacks the crucial insights for homebuyers, sellers, and investors in...