General Kristin Woolard 20 Jan
Construction and Pre-Construction Mortgages. Building or renovating your own home is such an exciting time and allows you to create something tailored to you and your family! But when it comes to construction mortgages, there are a few different types of loans: new construction and even pre-construction. Let’s break it down so you can determine […]
Read MoreGeneral Kristin Woolard 13 Jan
Early Inheritance Everyone knows that Canada’s real estate market has seen record appreciation over the past several years. Homeowners who have been paying down their mortgage while their value has been going up are likely sitting on a large chunk of equity. I often find myself in conversation with people who are astonished that any […]
Read MoreGeneral Kristin Woolard 5 Jan
Selling Your Home in Winter. While you might think selling your home in winter is harder, with the right considerations it doesn’t have to be! When selling your home during warmer months, the focus is typically on curb appeal and gardening, as well as having bright colors and patterns to draw out different rooms. While […]
Read MoreGeneral Kristin Woolard 26 Dec
5 Things to Know Before Buying a Rural Property. As cities continuing to grow bigger and busier, a rural home beyond those limits can seem like a dream come true! However, before you dive into country living, there are a few things you should know! Especially, how different it can be to qualify for a […]
Read MoreGeneral Kristin Woolard 8 Nov
Canadians are Feeling the Pinch It seems anyone I talk to these days is feeling like there is some strange energy going on in the world. With the crazy high inflation, rising interest rates and the war in Europe it seems there is no positive news to be had. And there is a lot of […]
Read MoreGeneral Kristin Woolard 19 Aug
Looking for an inflation update? Look no further! DLCs Chief Economist Dr. Sherry Cooper has written a very informative article regarding our current inflation situation. If you have any questions about what this may mean for a home purchase/refinance, do not hesitate to contact one of our many qualified brokers. We are here to help! […]
Read MoreGeneral Kristin Woolard 18 Aug
DLCs Chief Economist, Dr. Sherry Cooper, had this response to Tiff Macklem’s recent Op-Ed Macklem’s Op-Ed (emphasis is Dr. Sherry Cooper) National Post Comment, August 16, 2022 Inflation in Canada has come down a little, but it remains far too high. After rising rapidly to reach 8.1 per cent in June, inflation as measured by the […]
Read MoreMortgage Tips Kristin Woolard 13 Aug
Qualifying at Mortgage Maturity With rates on the rise and many people facing an upcoming maturity date on their existing mortgage there are a few questions that keep popping up. The biggest is whether to break the existing term early to secure rates now before they go up any further. That is a little difficult […]
Read MoreMortgage Tips Kristin Woolard 20 Jul
Rental Income in Mortgage Qualification Banks are hyper-conservative when considering rental income in mortgage qualification. This is due to possible vacancies and loss of income for possible extended periods. While this is not likely, at least in the BC Lower Mainland, policy is created for lending across Canada and vacancy rates can be much higher […]
Read MoreMortgage Tips Kristin Woolard 4 Jul
Times are a changin’ – But really for the worse? All we hear about on the news these days is how dire things are in the world right now. With inflation still on the rise, the war in the Ukraine and the ongoing disruption of the supply chains it feels like all we hear is […]
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