interest rates

/Tag: interest rates

September 2016

Facts By Email #37 – Four Reasons Why BC Is Not In A Bubble

By | 2016-09-13T17:54:03+00:00 September 13th, 2016|Facts By Email|

(OUT-OF-THE-ROUGH) GOLF COURSES TO BUY INTO NOW Three of four look like winners WHERE PRICES FELL ON WEST SIDE VANCOUVER LUXURY PRE-SALE CONDOS DEFY TAX FEARS ZONING CHANGES THAT WILL DRIVE LOT PRICES HIGHER WHAT HAPPENS IF RATES GO NEGATIVE? NOT MUCH FOR BORROWERS PROVINCE RAKES IN TAXES FROM FOREIGN BUYERS THE PPT WAS SUPPOSED TO APPLY ONLY TO THE TOP 5% OF TRANSACTIONS – NOW? 95% DO NOT MISS JUROCK’S OUTLOOK 2017 CONFERENCE

July 2016

Facts By Email #29 – Leaked CRA Document Reveals Few Surprises

By | 2016-07-21T15:50:14+00:00 July 21st, 2016|Facts By Email|

QUESTIONS, QUESTIONS “CRAZY MARKET”: RENT: $1650; PRICE: $750,000; CAP 2.1% RUMOURS SWIRL AROUND OAKRIDGE TRANSIT SITE SALE WHISTLER REBOUND GAINS TRACTION. TOLD YOU SO WHERE PRICES ARE RISING FASTEST IN OUTLIER BC 6 TIPS WHEN BUILDING A RENTAL PROJECT YOUR NEXT TENANT WILL LIKELY BE OVER AGE 55 EDMONTON MARKET IS REMARKABLY STABLE HOME PRICE FOR MOST CANADIANS: LESS THAN $375,000

June 2016

Facts By Email #24 – Millennials On The Housing Sidelines

By | 2016-06-28T10:34:15+00:00 June 16th, 2016|Facts By Email|

QUESTIONS, QUESTIONS SOME REITS MAY BE EYING THE EXIT, LIQUIDATION RAMPANT GREENING VANCOUVER PUSHES HOME PRICES HIGHER Tweaks include change to concrete balconies VICTORIA RENTAL BUILDINGS NOW $185,000 PER DOOR FORT MAC LANDLORDS DON’T APPEAR TO BE GOUGING QUICK LOOK AT 2 OUTLIER MARKETS (Kelowna and Vancouver Island) TESTING A PHOENIX HOME SEARCH APP

February 2016

Poloz to blame for high housing prices

By | 2016-02-01T11:15:26+00:00 February 1st, 2016|Hot Tip|

Ozzie reported on CKNW  from the Wold Outlook Conference:

He blamed Mr. Poloz (Bank of Canada Governor) for high housing prices (talking down our dollar relentlessly and at the same time creating lifetime lows in interest rates). He quoted from from the Outlook Issue at Jurock’s Real Estate Insider.

He also talked about the Hottest January on record.

For more info see the Facts By Email.

January 2016

Banks to make it harder for investors to get mortgages

By | 2016-01-02T10:46:27+00:00 January 2nd, 2016|Hot Tip|

1. With our central banker, lowering rates – even planning to go negative – in order to stimulate exports it makes it easier to afford larger and larger mortgages.

As a result CMHC will be ordered to tighten rules more and more for investors.

It is already dramatically more difficult to get approved for an investment mortgage – rental income are less and less counted and if you do not have other employment income you likely will be refused.

Worry? 

  • Banks will focus more and more on home owners – giving them more and more money
  • Banks will get tighter and tighter for investment type mortgages
  • ANYONE THAT HAS A INVESTMENT MORTGAGE […]

December 2015

Facts By Email #49 – December 14-21, 2015

By | 2015-12-25T12:24:08+00:00 December 14th, 2015|Facts By Email|

ENERGY CONFERENCE REPORT... NOT ALL GLOOM NEGATIVE INTEREST RATES - HUH? AN ALBERTA 20 CITY REALTOR ROMP - THE MARKETS CANADIAN DOLLAR AND OIL - CORRELATION HIGHER DOWNPAYMENT EXPLAINED - NOT MUCH TO SEE - BUT IMPLICATIONS? HOT PROPERTY: 40 ACRES PLUS 1,300 HOUSE - $98,000

September 2015

Facts by Email #34 – September 7-14, 2015

By | 2016-01-23T13:11:01+00:00 September 8th, 2015|Facts By Email|

CLIMATE CHANGE - MEA CULPA HOT PROPERTIES BUYING HOMES IN EUROPE FOR TAXES OWING OLD WALK-UP APT BUILDINGS WORTH MORE THAN NEW BUSINESS TOWERS WHAT IT COSTS TO BUY MULTI-FAMILY LAND IN METRO VANCOUVER RENT CONTROLS OFF THE TABLE IN ALBERTA: RENTAL RATES SOAR MORTGAGE HELPERS NOW FACTOR IN DETACHED SALES LUXURY HOME SALES ARE SOARING DON'T EXPECT A BANK OF CANADA RATE CUT SEPT. 9 SUBSCRIBERS BOOK YOUR TICKET TO OUTLOOK 2016 CONFERENCE

July 2015

Banks keep almost half of the rate reduction!

By | 2015-07-26T12:24:49+00:00 July 18th, 2015|Hot Tip|

Ask your bank why!

When the Bank of Canada cuts interest rates, it does so in an effort to jumpstart the economy by making it cheaper for consumers and companies to borrow money.

The central bank cut its rate by a quarter percentage point last Wednesday, the second such increase this year for a total of .5%.

It passed on that cut by only .3% … so a total of a .50 reduction by the Central bank to our fine banks … resulted in only a .30 reduction in mortgage and credit lines and all variable loans – the rest into profits for banks.

So: on a $400,000 mortgage in Vancouver you should […]