In The News
Economy Snapshot by Rebecca Awram – March, 2021March 11, 2021 - 6:17 pmRATES This week I had a realtor ask me if I would work with her clients, they were eager to meet me, as long as I could match the “xxx%” that their Bank was offering them. Obviously if they were happy with their bank, the service, the strategy, the communication, the turnaround times and the […]
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Home ownership more affordable but channel sees little action – Mortgage Broker News
/in Uncategorized /by Rebecca AwramHome ownership more affordable but channel sees little action – Mortgage Broker News “The actual numbers are not translating to action,” said Rebecca Awram, a broker at Dominion Lending Centres – Canadian Mortgage Experts, in Fraser Valley, B.C. “Buyers are waiting for a fire sale and sellers are waiting it out until prices improve.”
CANADA’S SMALLEST CONDO UNITS PLANNED – Real Estate Magazine
/in Uncategorized /by Rebecca AwramCanada’s smallest condo units planned | REM | Real Estate Magazine Surrey, B.C. may soon be home to the country’s smallest condominium units. Developer Tien Sher’s latest project, Balance, is a four-storey building with 56 micro suites, with the smallest to be just 290 square feet.
MARK CARNEY & BANK OF CANADA HOLD 1% RATE – Financial Post
/in Uncategorized /by Rebecca AwramMark Carney and Bank of Canada hold 1% rate | Economy | News | Financial Post Not surprisingly, the central bank on Tuesday kept its trend-setting rate on hold at 1%, where it as been since September 2010. That is the longest stagnant period since the early 1950s.
CREDIT REPORTING ERRORS COSTING CANADIANS – CBC NEWS
/in Uncategorized /by Rebecca AwramCredit reporting errors costing Canadians – Canada – CBC News Credit rating mistakes are costing unsuspecting consumers thousands of dollars in higher interest rates and preventing some from getting much needed loans, a CBC News investigation has found.
NEW GUIDELINES COMING FOR MORTGAGE INSURERS – THE GLOBE AND MAIL
/in Uncategorized /by Rebecca AwramMore? When will it ever end! New guidelines coming for mortgage insurers – The Globe and Mail Canada’s financial regulator will release new guidelines for mortgage insurers early next year, including the government’s Canada Mortgage and Housing Corp.
HOUSE FLIPPERS BEWARE: YOU CAN’T ALWAYS SELL YOUR RESIDENCE TAX FREE
/in Uncategorized /by Rebecca AwramHouse flippers beware: You can’t always sell your residence tax-free – The Globe and Mail It seems natural to take advantage of this tax break by purchasing a home, fixing it up or otherwise increasing its value, then selling it for a profit. Then repeat the process. What’s not to like about tax-free profits?
Should you co-sign for your kids?
/in News you can use /by Rebecca AwramShould you co-sign for your kids? | MoneySense Before you put your John Hancock on that mortgage form, make sure you truly understand your child’s financial situation. If you’re a parent of a young adult whose home ownership dreams have been dashed, there is a way to help. In June, the maximum amortization period for […]
How Home Ownership Can Boost Your Retirement Savings – Financial Post
/in News you can use /by Rebecca AwramYour money grows tax free . . . Even in your RRSP, there are forced withdrawals and it’s fully taxable [when taken out] via business.financialpost.com
Doors Shutting on First Time Homebuyers
/in News you can use /by Rebecca AwramThe Toronto and Vancouver housing markets have cooled rapidly in the wake of Ottawa’s latest bid to stop a bubble, with many first-time buyers knocked out of the running. via theglobeandmail.com
New Investment Hot Spots Emerge
/in News you can use /by Rebecca AwramTwo B.C. cities are tops on a list of Canada’s investment hot spots, according to a recent report from Business Review Canada. via canadianrealestatemagazine.ca