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Genworth and Canada Guaranty Mortgage Insurance stay the course

June 15th, 2020
Two private company's have release press releases regarding insuring mortgages for Buyers that are under 20% downpayment:

Announcement:  TORONTO, June 8, 2020 /CNW/ - Genworth MI Canada Inc. (the "Company") (TSX: MIC) confirms that it has no plans to change its underwriting policy related to debt service ratio limits, minimum credit score and down payment requirements. One of the Company's com ...

July 1, 2020 - New CMHC rule changes

June 15th, 2020

Effective July 1, 2020, CMHC will be implementing the following rule changes for mortgage insurance and Buyers under 20% downpayment:

Income to debt ratios will be REDUCED from the following:

  • Gross debt servicing from 39% to 35%
  • Total debt servicing ratio from 44% to 42%


The reduction in debt ratios (maximum you can spend of your income on a home) has the potential to lower your affo ...

2020 Home Renovations in our new normal?

June 8th, 2020
Now that we are in Phase 2 of Covid-19 restrictions, some families are considering renovations to their homes.  Renovating your space is a big project and here are 5 great tips to get you started, Good Luck:
1) know our end goal - are you renovating for re-sale or to improve your environment?
2) Set a Budget - and Stick to it!!!!  Be sure to add a contingency fund for any unexpected costs
3) Obt ...

Home Prices Stay Stable in Metro Vancouver

June 2nd, 2020

Metro Vancouver home prices remain stead and sales are up!

The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400. This is virtually unchanged from April 2020, a 1.4 per cent increase over the last three months, and a 2.9 per cent increase compared to May 2019.


How to optimize mortgage rates

May 28th, 2020

Mortgages should be reviewed at least once a year to see if there are any market changes you can take advantage of or life stage/style changes we can plan for to ensure your mortgage is structured in the best way possible. This will ensure you have the right payment structure for success. This can mean increasing or decreasing payments (when the time is right to do so to protect your wealth) ...

More Buyer Activity in May 2020

May 24th, 2020

Active listings and sales increase in May 

Buyers and sellers have become more active through the month of May.  

Total active listings sit at just over 10,500 today. On May 1, the active listing count was just under 9,900.  

The daily sales average has also risen each week this month.  

  • For the week of May 4-8, the daily sales average was 61. 
  • For the week of May 11-15, the daily sale ...

Acronym of the day! What is a HELOC?

May 14th, 2020
What is a HELOC? Don't you just love Acronyms?  In it's simplest form, a HELOC works somewhat like a credit card.  You can borrow money up to a certain credit limit set by your lender and then pay back the borrowed amounts along with the interest.  This option can offer more flexibility - you can even withdraw and make payments on a daily or weeky basis, if necessary. 
A HELOC's credit limit d ...

Home Hunters return to Online Home shopping

May 14th, 2020

Traffic to Realtylink.org is returning to more historic levels after declining at the beginning of the COVID-19 epidemic. 

There were 11,992 home hunters visiting the site by the middle of March, a 31.8 per cent decline compared to the 17,576 who visited the site during the first week of March. 

However, since that mid-month decline, Realtylink.org has seen week-over-week improvements. Last ...

1100 Home Sales in April 2020

May 12th, 2020
Great News on the real estate sale stats homefront for April 2020.  While things were a little slower than normal due to social distancing and quarantine restrictions, there were still Buyers out there with over 1100 sales in the month of April.  Realtors have been adapting to new viewing and open house regulations with the addition of virtual tours and 3D mapping.  However, it is recommended ...

Nurse Appreciation Week!

May 12th, 2020
Let's give a huge shout out to all our incredibly selfless and brave Nurses this week during Nurse Appreciation Week.  You are our Hero's one and all.
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