interest rates

/Tag: interest rates

December 2016

Facts By Email #50 – RESOLUTELY SUCCESSFUL IN 2017

By |2016-12-20T10:27:50+00:00December 19th, 2016|Facts By Email|

The new mortgage loan in BC for first time buyers Huge negative impact of the mortgage changes Resolutely successful in 2017 - appreciate Wither interest rates? Oil and the Canadian dollar Your past in no way determines your future

November 2016

Facts By Email #47 – Mortgage Rates Rising Further

By |2016-11-21T18:42:46+00:00November 21st, 2016|Facts By Email|

CMHC LAUNCHES A BOMB! REITS: THE BIG SKINNY ON FAT TRUSTS TO BUY NOW PER DOOR PRICES HOLDING FIRM IN ALBERTA RENTALS OUTLIER MARKETS OUTPERFORM VANCOUVER VACANT HOME TAX - HOW IT WILL WORK (AND NOT) LIPSTICK AND FLIPS: WHERE TO SPEND ON UPGRADES THE END OF 10% DOWN PAYMENTS?

Facts By Email #46 – Interest Rates Are Rising Everywhere!

By |2016-11-17T11:14:03+00:00November 17th, 2016|Facts By Email|

OZZIE TALKS AT FRASER VALLEY BUILDING AWARDS: “THE TRUMP EFFECT” QUESTIONS, QUESTIONS INTEREST RATES ARE SOARING TRUMPFLATION SNAPSHOT ON EDMONTON AND CALGARY WEST SIDE OF VANCOUVER FOR $1 MILLION LESS? WAITING FOR VALLEY VENDORS TO PULL THE TRIGGER 1,800 METRO HOMES FREE OF FOREIGN BUYER TAX DIVING INTO THE PRESALE CONDO MARKET B.C. IMMIGRATION WAVE IS BUILDING - AMERICANS LOOK NORTH

September 2016

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

By |2016-09-13T17:54:03+00:00September 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+00:00July 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+00:00June 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+00:00February 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+00:00January 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+00:00December 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