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April 11, 2018

Vancouver Real Estate Market Insight – Unusually Slow Spring Market – March 2018

How was the real estate market this March? In general, sales have dropped and prices went higher, especially in the condo market. As per the REBGV (Real Estate Board of Greater Vancouver), there were fewer home sales and listings in the first quarter of 2018. Although it was a quiet […]
November 4, 2017

Vancouver Real Estate Market Insight: October Sales Exceed Historical Average

Housing Stats for October 2017 Metro Vancouver home sales exceeded typical historical levels in October with the majority concentrated in the townhouse and condo/apartment markets. Per the REBGV (Real Estate Board of Greater Vancouver) –  “Conditions continue to vary significantly based on property type. The detached home market is well […]
November 2, 2017

How the new OSFI rules will affect Subprime Lending Market

What Happened? In October, the Office of the Superintendent of Financial Institutions, the country’s banking regulator, introduced a new stress test for banks to apply to borrowers. Those taking out uninsured mortgages have to be qualified at whichever rate is higher: the rate offered by the bank plus two per cent, or the five-year benchmark […]

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June 1, 2016

The Many Names of Private Lending

In the mortgage industry, Private Lending is the lending of money on a secured asset, land and/or house by a non-conventional lender. The loan provided to the borrower is based on non-traditional qualifications; for example, bank account statements can be used to show cash flow in lieu of the traditional […]
March 12, 2016

Understanding the Sub Prime Market

A mortgage granted to a borrower with a less-than-perfect credit report or unproven income is commonly called Sub-prime or B Lending/Mortgage. Sub-prime borrowers have either missed/late payments on outstanding debt such as credit card or loans or have undeclared income. Lenders charge a higher interest rate to compensate for potential […]