Tag: Vancouver mortgage broker

What Makes Prime Fluctuate- Podcast with Ian Power @PulseFM

If you have or thinking of getting a mortgage, or a loan you may have heard the term prime. If you are in the industry you have probably heard of the “overnight lending rate.” Lines of credit, Home equity lines of credit, and variable mortgages are all considered fluctuating rates. These rates go up or down based on the prime rate. Prime is a rate that financial institutions lend at. Depending on the product that you are getting ie. mortgage or loan, the rate offered would be at prime – […]

Who’s buying in Vancouver? A look at my clients demographic for 2015.

There is a lot of talk about foreign investors driving the Vancouver market. Unfortunately there just isn’t enough concrete data to back up these claims. Until recently, foreign buyers were not required to disclose their citizenship when purchasing real estate. Majority of the clients that come to me for their mortgage are Canadian citizens, permanent residents or temporary residents who are working and paying taxes in Canada and generally qualify under either the income qualified or stated income programs. In an effort to show who is getting into the market […]