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2015 REALTORS Care® Blanket Drive helps 17,000 Lower Mainland residents
More than 17,000 working poor and homeless people throughout the Lower Mainland will receive blankets and warm clothing this winter thanks to donations collected during the 21st annual REALTORS Care® Blanket Drive.
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Housing demand remains strong despite diminishing supply
Home sales reached near record levels in November even as home listings began the traditional year-end decline. read more
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2.64% for a 5 year fixed rate mortgage!
Mortgage rates have been generally going lower over the past few months, and we have this smoking hot deal from one of our lender partners – 2.64% for a 5 year fixed rate! We work hard to get you the best possible deal on your mortgage. To apply, contact us today.
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How saving for retirement beats paying down your mortgage – Globe and Mail
Today’s Globe and Mail website features an article on the debate between using extra funds to pay down your mortgage vs. saving for retirement via RRSP’s in particular. It argues that the low rates of mortgages make it advantageous to invest instead of paying down debt.
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Advice on breaking your mortgage to get a lower rate – CBC
Here is a good article on the CBC website that talks about breaking your mortgage to refinance with a better interest rate. I would generally agree with the points made in the article, except that the last point regarding splitting up the mortgage into multiple components I would not necessarily agree with. One reason for…
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Watchdog tweaks mortgage rules for insurers, banks – Globe and Mail
There is a new article in the Globe and Mail regarding the newest mortgage regulation changes being implemented by OSFI. From the article: One of the most notable changes is that the regulator is now spelling out criteria banks must meet to verify the income of borrowers, especially those who are self-employed. OSFI has waded…
