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
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