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    • Larger downpayments/shorter amortizations on the horizon?
    • 21DEC
      0 Comments

      Larger downpayments/shorter amortizations on the horizon?

      In an interview with CTV’s Question Period yesterday, Finance Minister indicated that he is keeping a close eye on the red hot real estate market. He is concerned that if “excessive demand” takes place consumers may not be able to handle the payments should rates rise in the future. In the interview he mentioned some

      • Posted by Wayne Mah
      • First-Time Buyers
      • Market Update
      • Opinion
      • Real Estate
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    • 16DEC
      0 Comments

      Investors should take some caution

      CMHC reported today in their latest rental market survey that vacancy rates rose from 2.2 to 2.8% in 35 major Canadian cities in October. Specifically for the Vancouver area, where I reside and conduct the majority of my business, there was a significant jump in the vacancy rate. It was at 0.5% in October 2008

      • Posted by Wayne Mah
      • Market Update
      • Opinion
      • Real Estate
      • Rental or Investment Properties
      • Uncategorized
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    • 08DEC
      0 Comments

      No changes by Bank of Canada today

      The Bank of Canada held it’s key lending rate at 0.25% today as most analysts expected. Surprisingly though, they maintained that their outlook that was provided in October was still on target. This despite some recent economic indicators that were not as strong as original forecast nor hoped for. They reiterated their conditional commitment to

      • Posted by Wayne Mah
      • Bank of Canada
      • Market Update
      • Mortgage Rates
      • Opinion
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    Wayne Mah, A.M.P.

    wayne@citywidemortgage.ca
    T: 604-880-1899
    F: 604-257-2605

    Contact Info

    • 103-1245 West Broadway
      604-257-2600
    • Vancouver, BC
    • V6H 1G7

    cwf@citywidemortgage.ca

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