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Does Buying Pre-Sale Make Sense for You?

If you are in the market to buy a property, you have probably asked yourself the following question: “Should I buy something now or pay a down payment and purchase a presale?” Pre-sale is generally done when the development has not been completed.  Majority of presales take place before the construction has commenced, as the developer needs to have a set number of sales before starting/ applying for their building permit. With presale homes, you get to choose your home and the finishings. It will be brand new and to […]

Atrina Kouroshnia November 4, 2013 Post Comment

Amazon.com takes over Telus Garden Building

Vancouver is by far one of the most beautiful, livable cities in Canada. However, it does come with its concerns. Number one concern being that it’s expensive and there is a lack of well paying jobs. With a number of high tech companies, Vancouverites are seen as tech saavy and creative. Last week, it was announced that Amazon.com would open a massive office in Vancouver. They have chosen one of the most beautiful, energy efficient places and have acquired 91,000 sq ft with the option to lease more at the […]

Atrina Kouroshnia October 29, 2013 Post Comment

We’re hiring!

LavaRates is hiring full-time, smart, money savvy writers to keep our users updated with valuable information about finance, mortgages, credit, and the real estate markets in Canada. If you are up to date with the market trends and/or work in the industry with a burning desire to help people make informed choices, we want to hear from you. Please contact us directly here.

Atrina Kouroshnia October 24, 2013 Post Comment

Bank of Canada Keeps Overnight Lending Rate Steady

Bank of Canada announced today that they would keep the overnight lending rate at 1%. Projections that Prime would increase in mid 2015 are now being postponed by another 6 months until the end of the year. The rate of inflation determines the overnight BOC rate and inflation is currently sitting around 1%. As the economy strengthens, inflation gets higher and so will the overnight lending rate. Poloz, head of the central bank had hoped for exports and investments to drive up the economy.  Neither has preformed well enough to […]

Atrina Kouroshnia October 23, 2013 Post Comment

Wood frame or concrete?

Shopping for a home and don’t know if you want wood frame or concrete? What is the difference and would it really matter to you? Wood frame buildings are usually smaller buildings up to a maximum of 4 floors. Anything over 4 floors and high-rise condominiums are almost always concrete. Advocates of concrete say that concrete provides people with less noise disturbance in their home, more privacy, durability and energy efficiency. Especially with our west coast humid weather, more are comfortable with concrete, as wood tends to expand and contract. […]

Fixed or Variable Mortgage Rates?

Many people are faced with this decision when purchasing and obtaining a mortgage for their home. Each have their own pros and cons and each are suitable for the right situation and the right borrower. As of November of 2011 the B20 guidelines made it much more difficult and impossible for some to borrow a variable term mortgage. One of the major rule changes was that in order to qualify for a variable term mortgage or a fixed mortgage of less than 5 years, the borrower needed to get qualified […]

Atrina Kouroshnia September 20, 2013 Post Comment

Top 10 mortgage mistakes in Canada

Some mistakes can and should be avoided especially if they end up costing you lots of cash. Mortgage mistakes fall in that category, as the amount on any mortgage borrowed is usually far greater than the total liability most people have. What are these mistakes and how can they be avoided?   1-     I’m loyal to my bank and they will provide me with the best mortgage out there! So you have been loyal to your bank and have banked with them all of your life.  Are they going to […]

Atrina Kouroshnia September 12, 2013 1 comment

How comparing mortgage rates in Canada can save you lots of cash

Many people simply sign over the dotted line when their current mortgage lender sends them their renewal. It is usually a simple letter that conveniently comes around about 6 months before the mortgage is up for renewal. It’s common to believe that since the client has been with the bank for the term and has made their payments regularly, they would automatically get the best rates. What can come as a shock to people is that their loyalty to their bank will not get them the best rate or service. […]

Atrina Kouroshnia September 2, 2013 Post Comment

How to make the best of your home improvements

You’ve owned your home for a few years and perhaps it is starting to look a little outdated. Maybe you are going into a home that needs a little TLC and some good renovations to make it more current and functional. Whatever the required or wanted changes, it is important to keep in mind that just because you put in the money to renovate, it doesn’t mean that you would get it back. Instead of making a home YOUR dream home to increase value, focus on what buyers are looking […]

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