Mike Bourassa's Foreclosure and Real Estate Investment Newsletter - February 2018

Michael Bourassa - Mortgage Professional

Coast Capital Savings - Mortgage Specialist

mgbourassa@gmail.com
250.514.9667
https://www.facebook.com/mikebourassamortgagebroker/

Michael - Facebook

February 2018 Foreclosure List

 

February 2018 - Burnaby - Attached
February 2018 - Burnaby - Detached
February 2018 - Coquitlam - Attached
February 2018 - Coquitlam - Detached
February 2018 - Galiano Island - Detached
February 2018 - Langley - Detached
February 2018 - Maple Ridge - Attached
February 2018 - Maple Ridge - Detached
February 2018 - Mission - Detached
February 2018 - New Westminster - Attached
February 2018 - North Surrey - Detached
February 2018 - North Vancouver - Detached
February 2018 - Pitt Meadows - Detached
February 2018 - Port Moody - Attached
February 2018 - Richmond - Detached
February 2018 - Surrey - Attached
February 2018 - Vancouver East - Attached
February 2018 - Vancouver East - Detached
February 2018 - Vancouver West - Attached
February 2018 - Vancouver West - Detached
February 2018 - West Vancouver - Detached
Victoria Foreclosure



Canadian real estate market outlook 2018

 

There’s never a dull day in real estate. Last year started off with a big nervous question: Will the Canadian housing market crash? In 2018, the new year started off with more of a sigh. Analysts across North America came out with various pronouncements of deceleration in activity and pricing, but the overwhelming consensus was that the nation’s real estate landscape would flatten out, even in the hot Toronto and Vancouver markets.

It wasn’t too bold of a prediction. Activity was way down in the summer months of 2017, even as the number of listings was finally growing. This prompted only incremental increases in pricing and a nation-wide expectation of a soft-landing for Canada’s property markets.

Continue Article Here...



5 Money Making Reasons Why Commercial Real Estate Trumps Residential

 

Have you ever wondered how Donald Trump does real estate?  Did you start investing real estate because you hear it's the best thing?  You've heard about Residential Real Estate but how does Commercial Real Estate work?

This month at my real estate Meetup group, our guest speaker, Peter Leung, will share the start of his journey and how commercial real estate quickly changed his life to building wealth for generations.  Come out to learn, surround yourself with great investors, and build potential joint venture partnerships.

When and where: March 21, 7pm, at CMPNY in Burnaby (at Kingsway and Willingdon)

RSVP here >>



*

 



The Best Insults In History

 

The extremely witty and much-loved British Prime Minister Winston Churchill tops the list with his verbal spat with Lady Astor. The conservative dame forever admonished Churchill for his cigars and alcohol habits, and Churchill was not one to take the insults lying down.

Of their famous squabbles, the most memorable is when Astor commented, “If you were my husband, I’d poison your tea.” Churchill’s riposte? “Madame, if you were my wife, I’d drink it.”

If you would like to see some famous insults by a variety of well known individuals, click on this link http://allthatsinteresting.com/best-insults-history



Mortgage Approval - Rule Changes Increase The Challenge

 

The new mortgage regulations were aimed directly at federally regulated lenders such as RBC, CIBC, BMO, etc, but initially did not effect the provincially regulated lenders such as Coast Capital, VanCity, Blue Shore etc. Well they now have. 

BC Credit Unions, by choice, are now changing their guidelines:

- Increasing qualifying rate (VanCity 3.69% to 4.64%)
- Decreasing amortization (VanCity 30 year to 25 year)
- Getting out of certain lending areas (Blue shore does not lend to Surrey anymore)

Now, more than ever, an experienced, Licensed Mortgage Broker, is your best resource to put together your best options.

Call me today to discuss your real estate financing plans. I am always here to assist you!



Newsletter not displaying properly? Click here to view on the web