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Vancouver market in September

October 5th, 2012

While the numbers show a September not to Remember - perspective is the key.

September is a transition month, as much in life as in real estate.  Activity in the real estate market did increase week by week as we moved through September. Over 1,000 listings expired, terminated, disappeared off the market as October 1st hit, with many more inactive listings still holding out on the market.  N ...

Mortgage Up-Date

July 20th, 2010

 Bank Of Canada Increases Rate!!


Paula Siemens of Invis-Siemens Group writes in her Newsletter: July 20, 2010

 

Good Morning,

 

The Bank of Canada increased the overnight rate as expected today by .25%. However, in his address Mark Carney stated that he is revising his overall expectation for growth in Canada, citing that the economy will not reach full strength until late ...

New Mortgage Qualifications!

March 9th, 2010
New Mortgage Qualifications announced by the Federal Government!


Good Morning,


Paula Siemens wrote in her March 8 Newsletter:



The Federal Government announced that effective April 19th significant changes will take place to mortgage qualification. Some of these changes have been published, while others are being slid into effect without the publics' knowledge. The changes being made are:

 

A ...

New Mortgage Requirements

February 20th, 2010


Paula Seimens of The Siemens Group-Invis wrote in her February 16th, 2010 Newsletter:




Jim Flaherty announced today that Effective April 19, 2010 buyers will have to qualify under this set of guidelines:

  • any borrower arranging a mortgage  less than 5 yrs in term or a variable rate mortgage must be qualified as if they are taking a 5 yr term. This is not clear as to whether there will be a hu ...

Bank of Canada Announcement

January 20th, 2010

Paula Siemans of INVIS - SIEMENS GROUP writes:

 


January 19, 2010

Good morning,

 

The Bank of Canada left the overnight unchanged, and will likely not move rates until the latter part of this year. Please find Mr. Carney's comments below.

 

"The global economic recovery is under way, supported by continued improvements in financial conditions and stronger domestic deman ...

Mortgage Update October 5, 2009

October 5th, 2009

Great news!!! We are finally seeing variable rate mortgages priced below prime. We have not seen any mortgage even close to prime for the past 12 months. In September 2008 we had rates as low as prime -.60% which quickly changed to prime and then to prime + 1% by the end of the first week in October.

We hope that this downward trend in the variable rate market will continue into spring 2010. ...

Federal Budget Announcements!!!

January 28th, 2009

Real this Informational Letter just received from from Paula Siemens - AMP of Invis-Siemens Group Regarding:

     Federal Budget Announcements!!!

Today the Federal Government released their budget. Here are some highlights that are good news for homebuyers.

·  Temporary home renovations tax credit of up to $1,350 for eligible home renovations and alterations

·  Increase in the home buye ...

Financial Up-Date!!

January 20th, 2009

Here is today's financial up-date from Paula Siemens AMP of INVIS - SIEMENS GROUP

 January 20, 2009

The Bank of Canada announced that their overnight rate is being reduced by .50bps to 1.50%. If the major financial institutions follow this move prime will be 3%. There is some suggestion that we will not see immediate changes by the lenders due to their cost of funds through deposits and the ...

Bank of Canada Lowers Rate!!!

December 9th, 2008

 

 Just received this newsletter from Paula Siemens of Invis-Siemens Mortgage Group:

                Good News!

Bank of Canada Rates - Big Reduction!

Wow the Bank of Canada made an aggressive rate reduction of .75% today, citing that continued global economic slowdown and recent unemployment figures definitely means a recession for Canada.

This rate reduction will bring dow ...

Financial Update

October 25th, 2008
Tuesday, October 21st, 2008

 

This morning I received this informative newsletter from Paula Siemens -AMP

INVIS - SIEMENS GROUP…I thought it was so good I am posting it as a blog for you to read!

 

 

Good Morning,

 

This morning the Bank of Canada lowered its overnight rate to 2 1/4 % which is another .25% reduction. This should cause the lenders to adjust ...
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