Market Commentary
Category: Consumer Alerts ! (11 posts)
Credit Tightening Continues: 5% Down Payment Rule Changes
December 11, 2015 | Posted by: Francine Tracey
The minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000, the finance ministry wrote. Full Article Click Here: Fi ... [read full post]
Category: Consumer Alerts !
Foreign Investor Stats Revealed
December 3, 2015 | Posted by: Francine Tracey
Some limited news on foreign investor ownership in Vancouver: Foreign owners made up a bigger share of condo markets in Vancouver last year, according to CMHC, comprising 3.5% of the market in ... [read full post]
Category: Consumer Alerts !
ICBC responds to Blog Posting
November 20, 2012 | Posted by: Francine Tracey
ICBC called me today in response to my posting about tickets and fines being reported to consumer credit bureaus. It seems the power of internet marketing does get the word around. The IC ... [read full post]
Category: Consumer Alerts !
ICBC Ticket Debt Reporting to Credit Bureau
November 7, 2012 | Posted by: Francine Tracey
Be Careful … ICBC adds to credit bureau woes for consumers! This month we pulled two different client credit bureaus to find something we had never seen before…ICBC ticket debts r ... [read full post]
Category: Consumer Alerts !
Government of Canada Continues to Tighten Credit Policies for Banks
November 7, 2012 | Posted by: Francine Tracey
Canadian Credit Tightening Continues: October 31 was the deadline for Banks to implement new B-20 Guildines set out by OSFI, the regulator for Canadian Banks and Trust. Why? the Bank of Canada ... [read full post]
Category: Consumer Alerts !
Car rally raises money for Food Bank
July 16, 2012 | Posted by: Francine Tracey
... [read full post]
Category: Consumer Alerts !
TORONTO & VANCOUVER: THE HOUSING MARKETS THAT HAVE ALL EYES WATCHING
June 18, 2012 | Posted by: Francine Tracey
Highlights• The nation’s two biggest housing markets, Toronto and Vancouver, seem to have diverged in recentmonths with the pace of sales slowing and prices declining in Vancouver, while th ... [read full post]
Category: Consumer Alerts !
B.C. First Time New Home Buyers Bonus
February 22, 2012 | Posted by: Francine Tracey
... [read full post]
Category: Consumer Alerts !
Francine Tracey Makes the Move:
February 21, 2012 | Posted by: Francine Tracey
After many years as an independently licensed mortgage broker, and four years as a franchisee of Mortgage Architects, I have decided to make a change. After much thought and deliberation, I am j ... [read full post]
Category: Consumer Alerts !
Government announces new HST/PST housing transitional rules
February 21, 2012 | Posted by: Francine Tracey
The government today announced the HST/PST transitional rules on new homes. As the province transitions back to the PST, which will replace the HST effective April 1, 2013, measures to ease the HST b ... [read full post]
Category: Consumer Alerts !
CIBC Cashback Mortgage Can Cost you Thousands !
December 8, 2011 | Posted by: Francine Tracey
Here's the condition we read today in a CIBC (branch) mortgage clause that a client mistakenly signed without getting advice from a good mortgage broker: 7 year term at 4.6% with a 2 % cashback. This ... [read full post]
Category: Consumer Alerts !