Vancouver Mortgage Blog

Reverse Mortgages – Debunking the Myths …….

Reverse mortgages or Equity release allows home owners to remain in your home, retain ownership and assist yourself or loved ones with lump sum of funds, gifted down payment or supplement income...

Bank of Canada Increased Prime Lending Rate

Bank of Canada Increased Prime Lending Rate

As expected, the Bank of Canada increased the prime lending (overnight rate) to 1.75%, a 0.25% increase in prime. Chartered banks are likely to start increasing the prime lending rate...

Fixed Versus Variable Rates

Fixed Versus Variable Rates

Fixed and Variable rates are always a challenging decision for anyone make.  I always advocate selecting a rate or term that suits your individual strategy for the subject property....