Only Freak Out With Less Than 20% Down

Everyone and their dog has probably read about the crazy real estate market...folks, it's just another roller coaster.  

The media makes it sound like an earthquake had hit the real estate market.  In reality, it's just another bump and in 8-10 years from now, this will happen again.

The only thing that remains constant is change.  We will all adapt and life goes on.

For now, here is the low-down on what's happened and how it may affect you:

If you have less then 20% down, you are going to lose 20% of your purchasing power. 

This means the following:
If you wanted to live in Vancouver, you are now living in Burnaby.
If you wanted to live in Burnaby, you are now living in Coquitlam.
If you wanted to live in Coquitlam, you are now living in Langley.
If you wanted to live in Langley, you are now living in Abbotsford.
If you wanted to live in Abbotsford, you are now living in Chilliwack.  
and so on...

Overall, if you do not have 20% down, you are moving East.  

For everyone else with access to 20% down, we have lenders that will not be affected by these rule changes.   Call, text or email me if you want some assurance on your situation.