September 2023 Foreclosures
  
Sep 2023 Abbotsford Attached
Sep 2023 Chilliwack Attached
Sep 2023 Delta Whiterock Detached
Sep 2023 Abbotsford Detached
Sep 2023 Burnaby Attached
Sep 2023 Delta Whiterock Attached
Sep 2023 Burnaby Detached
Sep 2023 Langley Detached
Sep 2023 Mission Detached
Sep 2023 Chilliwack Detached
Sep 2023 Pitt Maple Attached
Sep 2023 Tri Cities Detached
Sep 2023 Surrey Detached
Sep 2023 Pitt Maple Detached
Sep 2023 Richmond Attached
Sep 2023 Richmond Detached
Sep 2023 West Vancouver Attached
Sep 2023 Surrey Attached
Sep 2023 Vancouver Detached
Sep 2023 Vancouver Attached
Sep 2023 West Vancouver Detached
Fort McMurray Foreclosures
Kamloops suited homes around $500k
Edmonton Foreclosures
Calgary Foreclosures
Take a look at Alternative Lending
Alternative lending or "B" lending refers to lending practices that fall outside normal banking channels. Alternative lenders think outside the box and offer solutions to Canadians who wouldn’t otherwise qualify for traditional mortgage financing.
In an ideal world, we’d all qualify for the best mortgage terms available. However we know this isn’t always the case. Securing the most favorable terms depends on your financial situation. Here are a few circumstances where alternative lending might make sense for you.
Damaged Credit
Self-Employment with low declared income
Non-traditional income like Airbnb, tips, commissions, Uber, Homeshare
Expanded Debt-Service Ratios - owing other large debts beyond the limits that "A" lenders would allow
Interest rates for Alternative lenders are typically about 1% higher than the lowest "A" rates, and they like to charge a 1% fee in addition.
I've had several instances whereby a client would only qualify for a condo/townhouse with "A" lenders, but with "B" lenders they can buy a detached house with a rental suite. With the rental income now in the equation, the house financed by the "B" mortgage becomes cheaper to pay for on a monthly basis than the town home with "A" financing. So getting a mortgage is not always about "getting the best rate". It's important to actually crunch the numbers.
12 ways to Save Money effectively by making small changes
It's crucial to be mindful of your finances and find ways to save money. Here are 12 tips to help you save during these challenging times:
1. Create a budget: Develop a comprehensive budget that outlines your income and expenses. This will help you understand where your money is going and identify areas where you can cut back.
2. Cut unnecessary expenses: Review your expenses and eliminate non-essential items or services. Cancel unused subscriptions, reduce dining out, and prioritize essential purchases.
3. Cook at home: Eating out can be expensive. Instead, prepare meals at home using cost-effective ingredients. Plan your meals in advance, make a shopping list, and avoid impulse purchases.
4. Reduce energy consumption: Lower your electricity and heating bills by turning off lights when not in use, using energy-efficient appliances, adjusting your thermostat, and insulating your home.
5. Minimize entertainment expenses: Look for affordable or free entertainment options such as local community events, parks, and libraries. Take advantage of streaming services instead of expensive cable packages.
6. Shop smart: Before making a purchase, compare prices online, use coupons or discount codes, and consider buying used or secondhand items. Delay non-essential purchases to avoid impulsive buying.
7. Save on transportation: If possible, use public transportation, carpool, or walk/bike instead of driving. Maintain your vehicle properly to avoid costly repairs and conserve fuel.
8. Negotiate bills and expenses: Contact your service providers, such as internet, cable, or insurance companies, and negotiate for better rates or discounts. Many companies are willing to work with customers during tough economic times.
9. Reduce debt: Pay off high-interest debt as quickly as possible. Prioritize your payments and consider consolidating or refinancing loans to get better interest rates.
10. Build an emergency fund: Set aside a portion of your income each month into an emergency savings account. Having a financial cushion can help you deal with unexpected expenses without going into debt.
11. Avoid unnecessary credit card debt: Minimize the use of credit cards and pay off the balance in full each month. If you must use credit, do so responsibly and consider low-interest options.
12. Increase your income or Passive income: Explore ways to boost your income, invest in passive income investments or taking up a side hussle, freelancing, or monetizing a hobby. Use your skills or talents to generate additional revenue.
Remember, saving money requires discipline and conscious decision-making. By adopting these tips and making small changes to your lifestyle, you can make a significant difference in your financial well-being.
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