mortgage: Back to a sellers' market?
- 06/03/09 07:25 AM
It looks like the best time to buy may be slipping away in the near future-all 5 major banks raised their 5 yr rates yesterday-if you haven't bought yet-hurry up (and get your mortgage broker to hold your rate asap).....oh and last month home sales (not prices) were up 18.5% so again, suggesting that the market is moving out of buyers' market so if you want to buy and get optimal rates and pricing, I suggest you hurry!
Patricia … (1 comments)
mortgage: Well the time to Buy is Now and you better have that mortgage hold!
- 06/03/09 07:24 AM
In last 24 hrs all 5 of the major banks have raised the rates on their 5 year mortgages so if you were waiting to lock in, you need to act now!!! The Buyers' market continues to be moving towards being more balanced so if you are buying, you may want to hurry! Please call or email me if you have any questions (604)376-7653 phoulihan@vancouverviews.ca
Patricia … (0 comments)
mortgage: 10 year rate at 5.25% !!
- 03/25/09 10:33 AM
For those of us who locked in at 5.25% for five years this isn't the most welcome news, but for those of you who want a long term rate it is fantastic....who would have thought you could get a 10 year mortgage at 5.25%....please call me for more details.
Patricia
… (0 comments)
mortgage: So you think your mortgage payments on Vancouver real estate are high now???? Thank goodness the interest rates are low!
- 08/11/08 11:01 AM
So you think your mortgage payments on Vancouver real estate are high now???? Thank goodness the interest rates are low! It is funny that I just received this today as I was talking to a couple of people yesterday about the rates back to 1960. I was also explaining that when I bought my first house in the late 80s, it cost me over $1100 per month to pay my mortgage payment on every $100,000 borrowed. So while property values in Vancouver may have doubled (or more) since that time, when you factor in the cost of borrowing and the salary … (0 comments)
mortgage: Do changes to the Mortgage Financing Rules really spell doom and gloom for the market? Not Likely!
- 07/11/08 12:00 PM
Yesterday the federal government announced some big changes coming in October 2008. I think these changes could have the most significant impact in Vancouver, given that it is likely the least affordable city in the country…however, having seen the cover story in the Vancouver Sun today, I think it is a bit blown out of proportion. First, I will review the changes and then discuss what the impacts might be. If you will be affected, I would be happy to find out more information for you regarding your particular situation (email me at phoulihan@vancouverviews.ca or visit contact page at www.vancouverviews.ca). Bottom … (0 comments)
This blog addresses issues of interest primarily to those who are active in or thinking about getting into the real estate market in Vancouver British Columbia and surrounding areas
It looks like the best time to buy may be slipping away in the near future-all 5 major banks raised their 5 yr rates yesterday-if you haven't bought yet-hurry up (and get your mortgage broker to hold your rate asap).....oh and last month home sales (not prices) were up 18.5% so again, suggesting that the market is moving out of buyers' market so if you want to buy and get optimal rates and pricing, I suggest you hurry!;)
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