Robert Klein Newsletter - January 2019/Edition 80

Robert Klein - Mortgage & Life Insurance Broker

robert@robertklein.ca
778 896 6732
http://www.robertklein.ca

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Are Rates Going to Increase?

 

Probably not.  Since November, the 5 year bond rate has decreased by .7%.  

The only problem is residential lenders have not reflected that in their own rates.  

Assuming rates remain in this range, we should see rates decrease accordingly over the next 2 months.

If last year rate increases put you on edge, it might be worth locking into a fixed rate in the next couple of months.  



Client Case Study #1 - Partners

 

I have a client who invested into 20 condo's between 4 partners and put the ownership into 1 holding company.

3 years later, 1 of the partners (my client), needs to access equity.  

In order to increase the mortgage, all 4 partners have to be involved in the mortgage qualification. 

This creates a big head ache.  

Better solution was for the group to own 5 condo's each under their own holding company.  



January 2019 Foreclosures

 

JAN 2019 Chilliwack Foreclosure Attached
JAN 2019 Burnaby Foreclosure Attached
JAN 2019 Langley Foreclosure Detached
JAN 2019 Burnaby Foreclosure Detached
JAN 2019 Coquitlam Foreclosure Attached
JAN 2019 Langley Foreclosure Attached
JAN 2019 Maple Ridge Foreclosure Detached
JAN 2019 Maple Ridge Foreclosure Attached
JAN 2019 North Vancouver Foreclosure Detached
JAN 2019 Pitt Meadows Foreclosure Detached
JAN 2019 Surrey Foreclosure Attached
JAN 2019 Richmond Foreclosure Detached
JAN 2019 Richmond Foreclosure Attached
JAN 2019 Surrey Foreclosure Detached
JAN 2019 Vancouver Foreclosure Detached
JAN 2019 Vancouver Foreclosure Attached
JAN 2019 White Rock Foreclosure Detached
JAN 2019 Vancouver West Foreclosure Attached
JAN 2019 Vancouver West Foreclosure Detached



Just Saying "Hi"

 

Also "Check out my teeth, I have 8 of them!"



I Hide Goodies, He Finds Goodies

 

I asked him "what are you doing".  

Little Rob replied, "looking for goodies".

I can't blame him, I did the same. 



Real Estate Stats - December 2018

 

2018-12-Whistler
2018-12-West-Vancouver
2018-12-Vancouver-West
2018-12-Vancouver-East
2018-12-Sunshine-Coast
2018-12-Tsawwassen
2018-12-Port-Moody
2018-12-Port-Coquitlam
2018-12-Richmond
2018-12-Squamish
2018-12-Pitt-Meadows
2018-12-New-Westminster
2018-12-Metro-Vancouver
2018-12-Ladner
2018-12-North-Vancouver
2018-12-Maple-Ridge
2018-12-Coquitlam
2018-12-Burnaby-South
2018-12-Burnaby-North
2018-12-Burnaby-East



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