April Court-Ordered Sale & Foreclosures

April 2017 Detached Foreclosures $1,000,000 - $2,000,000
April 2017 Detached Foreclosures $0 - $500K
April 2017 Detached Foreclosures $2,000,000 plus
April 2017 Detached Foreclosures $500K - $1,000,000
April 2017 Attached Foreclosures $500K - $1,000,000
April 2017 Attached Foreclosures $0 - $250K
April 2017 Attached Foreclosures $250K - $500K
April 2017 Commercial Foreclosures

Here's April's list.  Commercial foreclosure lists was very interesting.  Looks like large land deals going wrong.  

Ask about my referral program for your mortgage or for someone you know.

Client Stories and the Cost Savings They Obtained with Everest

Exclusive to my organization in Canada is access to the first nationwide funeral planning and concierge service.

Average Savings Range of Funeral Services and Merchandise = $1,250 - $5,550

Case Study - The "K" Family:

Situation - At the time of death, the family had not spoken to a funeral home director, but did express interest in a funeral home that charged $7,240 for the services they desired.

Actions - Everest contacted six funeral homes and reported prices ranging from $4,575 to $7,240 for the same services.

The family requested that Everest negotiate with two of the six funeral homes, both of which agreed to reduce their price.

Results - Through Everest's cost comparison and negotiation services, the family elected to use a funeral home that was willing to reduce its fee by $825, resulting in a final cost of $3,750.

Acutal Savings - $3,490

Everest is an independent consumer advocate that provides clients with funeral planning and concierge services to prepare for and deal with all aspects of a funeral.

Click to Meet Will (video - YouTube)

Are you still investing your hard earned cash with the banks? STOP!

TD Employees are speaking out about the monthly quota pressure they're facing and upselling their clients. So, instead of risking the chance of getting sold a product you don't need, you should consider working with an independent advisor.

I found a great blog post that speaks to this.

Read more

Email me if you have any questions.

March 2017 Foreclosure List

Abbotsford Detached - March 2017
Chilliwack Attached - March 2017
Coquitlam Attached - March 2017
Langley Attached - March 2017
Langley Detached - March 2017
Maple Ridge Attached - March 2017
Maple Ridge Detached - March 2017
Mission Detached - March 2017
New Westminster Attached - March 2017
North Vancouver Attached - March 2017
Pitt Meadows Attached - March 2017
Richmond Attached - March 2017
Surrey Attached - March 2017
Vancouver East Attached - March 2017

Creating and Continuing a Legacy

I found a solution where you can organize and store financial, legal and important information.  This service allows you to create a legacy by building your life story and passing it on to your loved ones.

Legacy Shield is an online portal that makes owning and managing your life insurance and other financial assets easy.  Think of it as a playbook, a way to track your goals and financial assets and protect what you've spent a lifetime building.  It helps identify what steps to take to safeguard your legacy and provide you with tools to do so.  Legacy Shield even gives you the means to preserve your memories and pass your life lessons and stories to those important to you.

www.legacyshield.com

Legacy Shield has an awesome referral program.  Email me to learn how you can earn.

'We are all doing it': Employees at Canada's 5 big banks speak out about pressure to dupe customers

The three main fibs I've seen over the years for mortgages:

1. "Mortgage insurance is required to get the mortgage". 

This is false. It's not required at all. 

2. "Fixed rate mortgage only has a 3 month interest penalty if you break it"

This is false. There is an interest rate differential penalty involved.  

3. "We can easily transfer your mortgage to another property"

This is false.  Most of the time you have to re-qualify for the transfer. 

What my advise would look like for the above three: 

1. Mortgage insurance is crap.  Get it for the time being while you apply for a term policy direct from an insurance company. Once approved cancel the mortgage insurance. 

2. Use a lender that has a cheap interest rate differential penalty calculation for penalties.  Avoid all big bank fixed rate mortgages like the plague.  

3. Generally you can't, banks want you to re qualify again for the transfer.  Therefore, do not sell your property, until we have a new approval for you. 

http://www.cbc.ca/news/business/banks-upselling-go-public-1.4023575

Only 3 Weeks Left - Beat the RRSP Deadline

I'm working with the rush of last minute RRSP contributions! Email me to set up an appointment. 

RRSP contributions must be in by February 28, 2016.

RRSP Loan Option

For some families I served, it makes sense to maximize their RRSP contribution. However, ready cash isn't always on hand to benefit from the RRSP tax advantages.

Available are affordable loan options for borrowing ease and convenience.

Annual Contribution Option:

BENEFITS

* The loan can be amortized to a maximum of 12 months

* 90 day payment deferral option available

* Balance may be prepaid at any time without penalty

Extended Amortization Option:

BENEFITS

* Low monthly payments

* Balance may be prepaid at any time without penalty

Court Ordered / Foreclosure list - December 2016

December 2016 - Abbotsford - attached
December 2016 - Burnaby - detached
December 2016 - Chilliwack - detached
December 2016 - Cloverdale - attached
December 2016 - Commercial List
December 2016 - Coquitlam - attached
December 2016 - Maple Ridge - detached
December 2016 - Mission - detached
December 2016 - New West - attached
December 2016 - Richmond - attached
December 2016 - Richmond - detached
December 2016 - South Surrey : White Rock - detached
December 2016 - Surrey - attached

Not too many listings again this month. My guess is the slow down towards the end of year will bring in more foreclosures in the next couple of months. Stay tuned! 

Don't Pay CPP Through Dividend Income - Read This if You Are Self Employed

I'm not an accountant, so deal directly with your accountant on these types of matters.  If you need an accountant I can refer.  

1. All of our revenue goes through a corporation
2. We claim expenses against revenue
3. We do not pay salaries to ourselves
4. We pay corporate taxes based on net income
5. We pay out dividends to ourselves

All of our income is dividends.

CPP is based on personal income and not dividend income.   

If you are self employed it's up to $4500/year in savings.  If your income splitting, it doubles to $9000/year.  

This way we save saving $9,000/year in CPP payments.

***Numbers are approximate 

Equifax - $20/month - Unlimited Credit Pulls

Equifax program recently changed to allow unlimited credit pulls for $20/month.  

Most pay $15/month for monitoring which came with a free credit pull every 3 months. 

It's now 20 bucks with unlimited pulls. 

This is awesome.  

If you have a mortgage or going to have a mortgage in the future, it's worth the 20 bucks to get this service.

Most Affordable Homes, Foreclosure Lists and More...

1) Nov 2016 - 10 Most Affordable Acreages on the Chilliwack Board
1) Nov 2016 - 10 Most Affordable Acreages on the Fraser Valley Board
1) Nov 2016 - 10 Most Affordable Acreages on the Islands-Van & Gulf
1) Nov 2016 - 10 Most Affordable Acreages on the Sunshine Coast
1) Nov 2016 - 10 Most Affordable Acreages on the Vancouver Board (Mainland)
2) Nov 2016 - 10 Most Affordable Single Family Homes on the Chilliwack Board
2) Nov 2016 - 10 Most Affordable Single Family Homes on the Fraser Valley Board
2) Nov 2016 - 10 Most Affordable Single Family Homes on the Islands-Van & Gulf
2) Nov 2016 - 10 Most Affordable Single Family Homes on the Sunshine Coast
2) Nov 2016 - 10 Most Affordable Single Family Homes on the Vancouver Board (Mainland)
3) Nov 2016 - 10 Most Affordable Single Townhomes on the Sunshine Coast
3) Nov 2016 - 10 Most Affordable Townhomes on the Chilliwack Board
3) Nov 2016 - 10 Most Affordable Townhomes on the Fraser Valley Board
3) Nov 2016 - 10 Most Affordable Townhomes on the Vancouver Board (Mainland)
4) Nov 2016 - 10 Most Affordable Condos on the Chilliwack Board
4) Nov 2016 - 10 Most Affordable Condos on the Fraser Valley Board
4) Nov 2016 - 10 Most Affordable Condos on the Vancouver Board
5) Nov 2016 - 10 Most Affordable Bare Land Properties In The Lower Mainland
6) Nov 2016 - 10 Most Affordable Multifamily Units In The Lower Mainland
7) Nov 2016 - Complete Bareland FORECLOSURE LIST In The Lower Mainland
7) Nov 2016 - Complete Single Family FORECLOSURE LIST In The Lower Mainland
7) Nov 2016 - Complete Townhouse & Condo FORCLOSURE LIST In The Lower Mainland

Expanding the list further.  
10 most expensive properties in the Lower Mainland

For access to the best mortgage for you email me.

Life Hacks - How to Improve Efficiency & Productivity

These are great tools to help you to be more productive and more efficient in doing things?

Mighty Text - this great little app allows me to "text" to people from my computer and ALL of my android devices.  How cool is that?  For those that prefers the full keyboard to typing in the small little cell phone space, this is a game changer.  Get it here: Mighty Text

TRELLO - helps manage my To Do list effortlessly and I can have others be part of a group to tackle a project together. TRELLO

Xodo Docs is amazing PDF app that can be used on ANY platform and device.  You can edit, sign docs with pen or finger on your phone, merge and print from browser into PDF for FREE by a Vancouver, BC company! Love it! Xodo docs

Sync is cloudbased file storage similar to Dropbox/GoogleDrive but it is in legal compliance under Canadian laws (PIPEDA et al). Sync

Make PDF Smaller so you can email it to your friends, family or co-worker?

Square App for all small business to process credit cards with your cell phone! Use my referral to earn your first $1,000 in sales processed for free: Square App free processing details.

Court Ordered/ Foreclosures list - October 2016

September 2016 - Burnaby - Attached
September 2016 - Commercial list
September 2016 - Maple Ridge - Attached
September 2016 - Maple Ridge - Detached
September 2016 - Mission - Detached
September 2016 - New Westminster - Attached
September 2016 - Pitt Meadows - Detached
September 2016 - Port Moody - Attached
September 2016 - Richmond - Attached
September 2016 - Squamish - Attached
September 2016 - Sunshine Coast - Attached
September 2016 - Vancouver - detached

This months inventory remains low. Let's see if this remains with all the recent government intervention in the Real Estate market.

Cool App that Allows you to Text without Wi-Fi or Data

I just came across this app and I had to share it with you! This is the answer we have all been looking for when headed across the border or abroad. This app allows you to text without having wifi or a mobile plan available. The kicker......it's FREE and you can be completely OFF THE GRID.

I am not a tech guru but read all about on Business insider: More About Fire Chat

Basement Suite Income Case Study - 2 Basement Suites @ $1000/Month Each

This case study shows how people are purchasing million dollar properties with basement suites. 

The funny thing is, you can't do this at the big banks.  It's all done at local credit unions. 

Here's my buddy's blog post on it:   
Case Study Blog Post

If your looking for a property or mortgage including refinancing, email me.  My network will point you in right direction to save time and money.

Court Ordered/ Foreclosures list - September 2016

August 2016 - Abbotsford - attached
August 2016 - Langley - detached
August 2016 - Maple Ridge - detached
August 2016 - Mission - detached
August 2016 - Pitt Meadows - detached
August 2016 - Richmond - attached
August 2016 - Surrey - attached
August 2016 - White Rock - attached
August 2016 - White Rock - detached

here is this months list, very low inventory.. it's probably going to continue 

Peak Of the Market Line of Credits

If this is the peak of the market for Vancouver, I'd suggest getting a line of credit behind your mortgage so you can get access to funds whenever you want.  

Odds are there is now a ton of new equity behind your properties that you can get access to for the future. 

There is a 1 month window in where appraisers can use comparables from 2 months ago (highest market value) to determine the value of your property.  

Higher the appraisal, more of a line of credit you can get.    

The above picture shows what math was involved to figure this out :).

CASH FLOW is KING

A little Education for you, the Savy Investor

There is a saying in the investment world that "Cash Flow is King".

A fundamental difference between Investors and people that work at a "job" for a living, is how their money works or does not work for them.

No matter what your age bracket or field of expertise, by understanding this principal, you will have the opportunity to learn the strategies to earn passive income.

If you feel that you are too old to do this, too broke, too young, that someone else has to do this ... close this link as this does not apply to you ...

If however you have decided that you understand that you need to do something different ... or that you don't want to be a slave to your job anymore ... click the link to learn more ...

http://youngandthrifty.ca/what-is-cash-flow-is-it-really-king/

Foreclosures - Different Format - Do you like this format?

July 2016 Attached $0 - $150K
July 2016 Attached $150k - $250K
July 2016 Attached $250k - $500k
July 2016 Attached $500k plus
July 2016 Commercial Foreclosures
July 2016 Detached $0 - $500K
July 2016 Detached $1,001,000 - $2,000,000
July 2016 Detached $2,000,000 Plus
July 2016 Detached $501k - $1,000,000
July 2016 Multifamily Foreclosures

Tell me what you think of this format for foreclosures.  It's based on price and not location.  Feed back would be great. 

Court Ordered/ Foreclosures list - August 2016

July 2016 - Burnaby - Attached
July 2016 - Coquitlam - Attached
July 2016 - Coquitlam - Detached
July 2016 - Maple Ridge - Attached
July 2016 - Maple Ridge - Detached
July 2016 - Richmond - Attached
July 2016 - Sunshine Coast - Detached
July 2016 - Vancouver East - Attached
July 2016 - Vancouver West - Attached
July 2016 - Vancouver West - Detached
July 2016 - White Rock - Detached

This month's list remains low overall but I feel we will see an increase in the next few months due to the current slow down. 

Call me to discuss. 

Mortgage Rates Broken Down Month Per Month Since 1951

Mortgage Rates Since 1951

I thought this was interesting.  If you are super bored, feel free to click. 

July 2016 - Court Ordered Sales / Foreclosures

June 2016 - Abbotsford - Attached
June 2016 - Abbotsford - Detached
June 2016 - Burnaby - Attached
June 2016 - Burnaby - Detached
June 2016 - Cloverdale - Attached
June 2016 - Langley - Attached
June 2016 - Mission - Detached
June 2016 - New Westminster - Attached
June 2016 - North Van - Attached
June 2016 - Port Coquitlam - Attached
June 2016 - Richmond - Attached
June 2016 - Richmond Detached
June 2016 - South Surrey - Detached
June 2016 - Sunshine Coast - Detached
June 2016 - Surrey - Attached
June 2016 - Surrey - Detached

A few detached listings this month but overall lower than normal. Market is still crazy but cooled down a little for the Summer.

A Realtor Point Of View On Lower Mainland Summer Market

Micky's Morning Update July 1 (REAL ESTATE UPDATE FROM THE FRONT LINES)

This was an interesting point of view from a local Realtor (Micky Kandola) talking about how he felt about the Lower Mainland Market in the summer. 

It was interesting to compare his experiences against the media + stats from the Real Estate board.   

What They Didn't Teach Us In School About Money

Here’s some common sense about money that kids should hear from their parents.

Don’t confuse net worth with self-worth. It’s only natural to want expensive things. But it’s more important to feel good about yourself, regardless of how much money or stuff you have. People respect you for the person you are, not your flashy lifestyle.

Make the best of the hand you’re dealt. Some rich, successful people claim they earned it. In reality, our destiny is shaped by luck, parenting, health, access to education, and economic factors. Keep this in mind before judging others—or yourself.

Learn from scarcity. Feeling poor at some point in your life helps teach you the value of money. You quickly learn the difference between needs and wants, how to shop for bargains, how to fix what’s broken, and how to handle life’s ups and downs.

Make your goals about more than money. You may think once you’ve saved a million dollars, everything will be great. But then you only want more! Instead of focusing on money, make your goals about fulfillment for you and your loved ones.

Don’t be afraid to change plans. Just because you decided on a career when you were 18 doesn’t mean it has to be a lifetime sentence. Try a few things, stay flexible. If your first career doesn’t fit, move onto something more inspiring.

June 2016 Foreclosure/ Court Ordered Sales

May 2016 - Abbotsford - Attached
May 2016 - Abbotsford - Detached
May 2016 - Cloverdale - Detached
May 2016 - Delta - Detached
May 2016 - Langley - Attached
May 2016 - Langley - Detached
May 2016 - Maple Ridge - Attached
May 2016 - Mission - Attached
May 2016 - New Westminster - Attached
May 2016 - North Van - Attached
May 2016 - Richmond - Attached
May 2016 - Surrey - Attached
May 2016 - Surrey - Detached
May 2016 - Vancouver - Attached
May 2016 - Whistler - Attached

0 new detached foreclosure listings in all Greater Vancouver. That's a first since i have been doing this list.. 

Still a very hot market, low inventory and lots of buyers 

Accessing Line of Credits on Your Property

Due to the price increases across the board, it might be a good idea to see if you qualify for a line of credit behind your first mortgage. 

I do have access to a couple lenders that will do this, without the need to change your first mortgage.

It's best to set this up now when we can get appraisals @ high values.  

Really Cool Info Graphic On Vancouver Prices

Very intereting numbers going on here.  

http://www.visualcapitalist.com/vancouver-real-estate-mania/