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Mortgage Rate News

September 29, 2017 by Editor

Mortgage NewsThere has been a lot of news over the past several months about changing mortgage rules in Canada.

The new rules are generally designed to make sure that buyers have the financial depth to comfortably handle an increase in mortgage rates and/or a decrease in property values – without being over their head in debt.

In addition to rule changes, the Central Bank has twice increased its “overnight rate” by 25 basis points, now standing at 1.0%. This rate influences the rates lenders charge for mortgages.

It is important to note that the new rules are very complicated and not all rates apply to all situations or all borrowers. And some of the most attractive rates come with very restrictive terms that may not be practical for you.

It has never been more important to use the services of a Mortgage Broker – I can recommend one for you.

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Filed Under: Buyers, Real Estate Perspective

The News – and the Reality: Trends Affecting Real Estate

November 21, 2018

One of the most popular activities in the daily news cycle seems to be forecasting the future of real estate. And it’s not uncommon to see wildly opposing views on where the market is headed, and when it might get there. This month’s post explores the news — and the reality.

Read More

The Changing Market – What Does That Really Mean?

October 22, 2018

After several years where home sellers had a market advantage, now buyers have more selection, more time to make good decisions, and their dollar buys more house than it used to.

Read More

Great Opportunities for Trading Up or Down…If You Qualify

October 9, 2018

Talk to a mortgage broker if you plan to move. There is still a strong demand for housing especially in retirement and recreational properties.

Read More

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Shannon Realty

Suite 207 5740 Cambie St.,
Vancouver, BC. V5Z 3A6
1-604-649-6058

Email: jeff@shannonrealty.ca

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