Mortgage Tips Andy Wai 15 Oct
I recently was helping a client to compare the difference between a standard rate vs. a low rate mortgage. Some low rate mortgages have restrictions that you must know before deciding. Below is what I have calculated for my client: Now, the main question is: “Is the savings of $313/year (or $26/m in interest) […]
Read MoreLatest News Andy Wai 15 Oct
Dr. Sherry Cooper is the Chief Economist for Dominion Lending Centres and provided an update! To read the full article, please click here. Summary: The Aggregate Composite MLS® Home Price Index (MLS® HPI) rose by 1.7% m-o-m in August 2020 The national average sales price as of August has posted an 18.5% gain
Read MoreLatest News Andy Wai 23 Sep
Dr. Sherry Cooper is the Chief Economist for Dominion Lending Centres and provided an update! To read the full article, please click here. Summary: Federal deficit approaching $400 billion, there are growing calls to temper new spending. Actual measures in the Throne Speech: Fight the pandemic and save lives Supporting Canadians Through this Crisis Build back […]
Read MoreLatest News Andy Wai 15 Sep
Dr. Sherry Cooper is the Chief Economist for Dominion Lending Centres and provided an update! To read the full article, please click here. Summary: For August 2020, sales and new listings hitting their highest levels in 40 years of data. National home sales rose a further 6.2$ on a month-over-month basis in August. Actual (not […]
Read MoreLatest News Andy Wai 9 Sep
Dr. Sherry Cooper is the Chief Economist for Dominion Lending Centres and provided an update! To read the full article, please click here. Summary: The Bank held its target overnight rate at the effective lower bound of 25 basis points with the clear notion that negative policy rates are not in the cards. The Bank […]
Read MoreMortgage Tips Andy Wai 19 Mar
This is a unique time… With the pandemic from COVID 19 causing disruption to the economy and our daily lives, most lenders have stepped up and offered 6-month mortgage payment deferment programs on a case-by-case basis. Before deciding on taking a mortgage payment deferral, I wanted to show you the good and the bad of […]
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