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Bank Of Canada Leave the Key Overnight Rate Unchanged

Monday Jul 31st, 2017

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The economic pieces are starting to fall into place for Stephen Poloz, giving the Bank of Canada governor latitude to keep the bank’s key interest rate unchanged. Many of the dark clouds that have hung over Mr. Poloz’s decision-making in recent months have begun to clear. Exports are rebounding, fear of a global recession is fading and the battered price of oil is on the upswing again. The federal government is also poised to inject a hefty dose of fiscal stimulus to help... [read more]

Home sales break March record

Monday Jul 31st, 2017

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National home sales posted their third month-over-month increase on the way to breaking March’s previous record. Driven by activity in the GTA and Vancouver, home sales increased 1.5% month-over-month in March, and 12.2% year-over-year, according to the Canadian Real Estate Board. “Greater Vancouver and the GTA are heading into the spring home buying season with soaring demand and a shortage of listings,” CREA President Cliff Iverson said. “Meanwhile, other major... [read more]

Market Update

Monday Jul 31st, 2017

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Many Canadians who have owned a home for 10+ years have seen the value of their home rise at the same time that they have been chipping away at their mortgage. I can help you unlock the equity so you can start using that money to make you money! Contact me for details.   [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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