at 300-906 Roderick Ave. , Coquitlam , V3K1R1
Dustan Woodhouse - AMP Accredited Mortgage Professional
With more than 990 completed mortgage transactions behind us there is both a depth and a breadth of experience and knowledge that we can apply to your transaction. From my own 20+ years as a self employed individual, owner of a corporation, and multiple property investor (both in Hold Co's and personal) there are few angles to a transaction that I have not seen. However there are always a few more to be learned. To quote author Simon Sinek 'I am better than I was 6 months ago, and 6 months from now I will be better than I am today'.
133 FB users likes Dustan Woodhouse - AMP Accredited Mortgage Professional, set it to 10 position in Likes Rating for Coquitlam, British Columbia in Bank/financial services category
First National Financial LP - Market Commentary As the leaves make their soft landing so to, in seems, does Canada's housing market. Canada Mortgage and Housing has adjusted its Q3 numbers slightly and now expects 2015 will look a lot like 2014. The agency sees housing starts as virtually identical for this year and next, with a decline of a couple of thousand for 2016. CMHC's point forecast for MLS sales in 2015 comes in at just over 482,000, which is the same as the high side of its estimate for this year. The point forecast for price comes in just shy of $405,000 this year with increases of about 1.5% both next year and in 2016. The real estate industry is also looking at moderation. Both the Canadian Real Estate Association and Royal LePage say price acceleration will slow. Neither is calling for price declines. The Bank of Canada, which is no longer offering interest rate guidance, is settling-in for a longer period of low rates. Its time line now stretches out to 2016.
We should all go to work each day as if @marcuslemonis is looking over our shoulder. #theprofit
Of all dwelling units under construction in Vancouver 80% are pre-sold, leaving 2500 available. Conclusion; Not a huge amount of supply.
First National Market Commentary A new survey for the Chartered Professional Accountants of Canada suggests Canadians may harbour false notions about their financial savvy and security. The CPA assessed attitudes from before and after the recent drop in oil prices and interest rates. The accountants say, that while Canadians rank themselves highly for financial discipline, few households are planning for potential changes to the economy. According to the survey 79% of respondents say they are staying on top of their payments, while 59% say they are living comfortably and are doing alright financially. However, the CPA survey indicates: - 53% of households do not save on a regular basis. - 51% say they do not have an emergency reserve fund apart from their "regular savings". - 60% (which the CPA characterizes as "only") of households say they pay off a portion of their debt on a regular basis. - 41% of households with a HELOC did not make regular interest and principal payments to repay their outstanding balance.
Busy times here, this is the sort of lender updates we are getting currently; Good Morning Brokers I hope all of you enjoyed a much deserved long weekend! Unfortunately due to high volumes we are running over a week behind in our queue. We are working very hard to get caught up and appreciate your patience. Have a good week!
First National Market Commentary March Madness has begun. The annual spring real estate season is officially underway. The starting gun sounded with the latest round of posted mortgage rate cuts – in some cases to all time record lows. But, of course, there is a catch. Mortgage shoppers will have to take a very close look at the conditions attached to these deals. They can be very restrictive, designed more to tie the borrower to the bank and build market share, rather than offer a genuinely cheaper rate. It has been noted by savvy market watchers that the new, posted rates are not really any lower than the unadvertised rates that have been out there recently.
Luck shows up at the office every single day, do you? #DLC
"You show me your friends and I’ll show you your future" - Don Pena