Variable Rate Went Up .25% - What will happen to your payment?
  
*** #'s are based on 2.2% going to 2.45%
.25% Increase with a 30 Year Amortization Mortgage
$100,000 + $12/month
$250,000 + $30/month
$500,000 + $60/month
$750,000 + $90/month
$1,000,000 + $120/month
$1,500,000 + $180/month
$2,000,000 + $240/month
$3,000,000 + $360/month
.25% Increase with a 25 Year Amortization Mortgage
$100,000 + $13/month
$250,000 + $32/month
$500,000 + $65/month
$750,000 + $98/month
$1,000,000 + $130/month
$1,500,000 + $195/month
$2,000,000 + $260/month
$3,000,000 + $390/month
.25% Increase with a Line of Credit
$100,000 + $21/month
$250,000 + $52/month
$500,000 + $104/month
$750,000 + $156/month
$1,000,000 + $208/month
$1,500,000 + $312/month
$2,000,000 + $416/month
$3,000,000 + $624/month
August 2017 - List of foreclosures
Abbotsford Detached
Burnaby Detached
Cloverdale Detached
Langley Detached
Maple Ridge Detached
North Delta Detached
Surrey Detached
South Surrey White Rock Detached
Vancouver East Detached
Vacnouver West Detached
Abbotsford Attached
Burnaby Attached
Coquitlam Attached
Langley Attached
Port Coquitlam Attached
Richmond Attached
Surrey Attached
Vancouver West Attached
Victoria BC June Foreclosures
Here is this month's list of foreclosures!
Buyer Who Walked Away From Real Estate Deal Pays $360,000
1. BC buyer
2. May 2016 - No Subject Offer Made @ $1.26 milion
3. August 2 - 15% Foreign tax put in place with 1 weeks notice
4. Market drastically changes
5. Buyer thinks he can walk away
6. Supposed to close for Sept 1
7. Does not close
8. House is eventually solved for $910,000 to another buyer
9. Loss of $350,000
10. Law suit put into place
11. Buyer does not respond to law suit
12. $360,000 judgement given to seller
News Story:
http://www.cbc.ca/beta/news/canada/british-columbia/buyer-who-walked-away-from-real-estate-deal-ordered-to-pay-360k-1.4232844
Court Document:
http://www.courts.gov.bc.ca/jdb-txt/sc/17/13/2017BCSC1361.htm
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