Foreclosures
  
June 2018 Burnaby Attached
June 2018 Burnaby Detached
June 2018 Chilliwack Detached
June 2018 Commercial
June 2018 Coquitlam Attached
June 2018 Land
June 2018 Langley Attached
June 2018 Mission Detached
June 2018 Multifamily
June 2018 New Westminster Attached
June 2018 Pitt Meadows Detached
June 2018 Richmond Attached
June 2018 Richmond Detached
June 2018 Surrey Attached
June 2018 Surrey Detached
June 2018 Vancouver Attached
June 2018 Vancouver Detached
June 2018 West Vancouver Detached
Above is a list of foreclosures in the Lower Mainland.
There are some great deals to be had for either your own home or as a rental property.
Check them out at the links above.
Landlords expect more rentals after speculation tax hits
The head of LandlordBC expects some homeowners will start renting out their properties to avoid the province’s new speculation tax, but says it’s too soon to estimate the extent of its impact.
When Vancouver’s empty-house tax of one percent of a property’s assessed value came into effect last year, it prompted some homeowners to become landlords, said David Hutniak, LandlordBC’s chief executive.
Read more here
Mortgage Renewing in 2018
I saw a statistic the other day that claimed almost 50% (47% was the stat) of all mortgages in Canada will be coming up for renewal this year. In Canada, there are $1.6 Trillion of mortgages outstanding. 47% of that number is a really big numbers.
If you or someone you know has a mortgage maturing this year, then we should talk.
Many lenders don't offer you the best deal when you renew your mortgage and they wait until the last minute to remind you of the renewal.
This year, I have already talked to many clients and saved many clients a great deal by connecting early, 3 or 4 months prior to the renewal date. Mortgage rates have been steadily climbing and the sooner we speak the sooner you can guarantee a lower rate and protect yourself until the maturity date.
Another thing you know... Banks, like TD bank have been sneaky to increase their posted rates. Why sneaky?
Well, by increasing the posted rate, they are creating a larger margin between the rate you get and the interest rate that is posted. They use this margin to calculate your penalty in the future, if you break the mortgage early.
All the banks know that 73% of their clients break their mortgage before the end of term and if they have a higher spread when they calculate the penalty, then they win!
Ask me about this... call or text 403-870-2669
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