Wayne Mah

Senior Mortgage Planner

  • BC Budget 2010 Homeowner Changes

    The British Columbia introduced the new Provincial budget today and it included some minor changes/benefits for homeowners. They are as follows: 1. Rural BC (outside Lower Mainland, Fraser Valley, and Capital Regional Districts) residents get an extra $200 off in addition to the normal homeowners grant for their property taxes. 2. Families with children under

  • No change at Bank of Canada

    To the surprise of no one, the Bank of Canada left their key lending rate the same today in their meeting. Reading into the details of their statement they re-iterated their commitment to maintain the rate at current levels until the end of the second quarter of this year. This means we should not see

  • New rules: Not as bad as speculated

    As widely reported yesterday, Minister of Finance Jim Flaherty tightened the rules on qualifying for a mortgage today. It was not as bad as many had feared (increasing the downpayment to 10% etc.) but it will definitely still have an effect on the overall housing market. Here are the rule changes: 1. Regardless of mortgage