Aloha,
My name is Jay and my family moved to CA then HI when I was a young man. Real Estate has been my life for the past eight years however , I must admit my knowledge of Canadian real estate and Canadian mortgage lending is minimal. That is why I am writing.
My wife is 37 weeks pregnant and as we prepare for parenthood we discuss our goals always and often. We ultimately would like to live in our home on Oahu, Hawaii Sept. - April then live in Vancouver May - August. Doesn't that sound perfect!!!
Even though I don't plan on actually making the transition for a few years and until I have my operations here on the island turnkey, I will need to make a purchase as soon as the market settles a bit over there. So, now I need to put the rubber to the road and make it happen.
Can anyone let me know if now is the time to buy? As I watch the global markets it seems as though the exchange rate is as close as it has ever been to the US in a long time and the credit markets must be tight up North as well? Do Canadian banks offer low downpayment loans? Do they offer stated income loans? Do they use US credit?
This is the begining of a road that leads to a long term goal so your patience with me will be greatly appreicated.
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