Robert Klein Newsletter - October 2024/Edition 149

Robert Klein - Mortgage & Life Insurance Broker

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

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Foreclosures List in BC

 

Abbotsford Homes
Abbotsford Condos and Townhomes
BC Northern Homes Single Family
BC Northern Homes with Acreage
BC Northern Condos and Townhomes
Burnaby Homes
Burnaby Condos and Townhomes
Chilliwack Homes
Chilliwack Condos and Townhomes
Cloverdale Homes
Cloverdale Condos and Townhomes
Coquitlam Homes
Ladner Homes
Langley Homes
Maple Ridge Homes
Mission Homes
New Westminster Condos and Townhomes
North Delta Homes
North Delta Condos and Townhomes
North Surrey Homes
North Surrey Condos and Townhomes
North Vancouver Homes
North Vancouver Condos and Townhomes
Richmond Homes
Richmond Condos and Townhomes
South Surrey White Rock Homes
Sunshine Coast Homes
Surrey Homes
Surrey Condos and Townhomes
Vancouver East Homes
Vancouver East Condos and Townhomes
Vancouver West Homes
Vancouver West Condos and Townhomes
West Vancouver Homes
Whistler Homes
Whistler Condos and Townhomes

Here is a list of the latest foreclosures in BC. 



Bank of Canada cuts key interest rate by half point for first time since COVID-19 pandemic

 

Jenna Benchetrit · CBC News · Posted: Oct 23, 2024 6:50 AM 

The Bank of Canada has lowered its key interest rate to 3.75 per cent, making a 50 basis-point cut for the first time since the COVID-19 pandemic.

Before Wednesday, the rate stood at 4.25 per cent. Economists were expecting the central bank to go with a larger-than-usual cut, compared to the 25-basis-point downgrades made in June, July and September.

The last time the bank made a cut this size was on March 27, 2020.

As concerns over inflation have subsided — out-of-control price growth, the catalyst for the central bank's initial rate-hike campaign, is now back within the target range — the bank has focused on cutting to keep inflation stable and support economic growth, which has been sluggish under the pressure of high rates.

"We need to stick the landing," Bank of Canada governor Tiff Macklem told a news conference Wednesday morning.

"With inflation back to two per cent, we want to see growth strengthen. Today's interest rate decision should contribute to a pickup in demand."

Continue reading here...



Britannia Mines

 

I've visited Britannia Mines across multiple decades—from the 80s, 90s, and 2000s to 2012. Now, seeing it in 2024, it's clear they've made remarkable improvements, transforming the site into something truly impressive.

One thing is certain, though: working in a mine for 8 hours a day is something none of my family members, including myself, would ever consider. Thank goodness for mortgages, insurance, and corporate structures instead!



Sarah is a Speed Demon!

 

Sarah is cranking it at Whistler.  This is a jump park at Whistler for all ages and skill levels.  I highly recommend Whistler for a family mountain bike vacation!



Are Your Clients Setting Bear Traps for Themselves?

 


Imagine this: Your investor client is eager to dive into a commercial property deal. They’ve done their homework, talked to their regular bank, and signed on the dotted line. But what they don’t realize is, they’ve just stepped into a bear trap—set by themselves.

Here’s how it happens:

1️⃣ The Hidden Fee Trap
Many investors think, “Once I’m approved, I’m done with fees.” But commercial financing is full of surprises—appraisal costs, due diligence reports, overcharged legal fees, monthly and annual review fees, and insurance charges all come later. By the time they realize it, they’re already bleeding money.

Read the full article on Linkedin <Click>



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