Property Transfer Tax thresholds for 1st time home buyers has been increased!

CMHC announced it will be increasing mortgage insurance premiums effective March 17, 2017.  Here is a chart to show you what that means in terms of your change in monthly mortgage payments.

BC Government is now offering loans for down payments for 1st time home buyers up to 5% of the purchase price to a maximum of $37,500. They are payment free for the first 5 years, and could be a great way…

New mortgage rules on Nov 30th has resulted in different rates depending on how much you put down for your purchase, if you are refinancing, or mortgaging a rental property. Now more than ever is the time you will need to…

Once a home equity line of credit is in place, you can say goodbye to requalifying your mortgage every time you want to pull equity out of your home. Rates are better than unsecured line of credit you can get through…

Department of Finance is now qualifying mortgages at a higher rate than the mortgage payments are based on.  They are calling it a “stress test”, to ensure people will be able to afford their mortgages for years to come for the…

Mortgage rates traditionally increase slightly in the Fall and Winter months.  Our Mortgage rates are good for 90 – 120 days, so you can get a summer special today for a mortgage closing in the Fall.  Talk to me about getting…

If you are willing to rent out the house you currently own, you could be eligible to buy another property with as little as 5% down!

Home owners who live in their home as primary residence have to apply every year for their grant. Grants vary depending on your age and municipality.  Don’t forget to claim!

These are the stats on what is happening in the Okanagan Market.  As inventory reduces in the Fall, prices could go up further.  Now is really the time to buy!