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Spin Mortgage Victoria
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6 followers
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#BC says "See ya later dual agency!" What are your thoughts? #realestate #mortgages

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Lots of people getting mortgages still rely heavily on qualifying on the 5 yr contract rate when it comes to conventional mortgages (min 20% equity). This allows people to qualify for substantially more when it comes to buying a house. We saw this impact the insured (less than 20% equity) market in a material way when the qualifying rules were changed last year. Without a doubt, this will have a big impact on affordability. Basically, this will take more locals out of the housing market. Moreover, it will also increase the number of people who already have mortgages that will not be able to re-qualify for them. Interesting times.

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Should foreign buyers be banned from buying farmland? #realestate

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People are in a lot of credit card debt. How do you feel? Can you handle what you've taken on? #debtsucks

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#Millennials will have a huge impact on the future of housing. Urban planning
will need to accommodate this shift.

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Prices are down 19% since the peak in the #GTA, but don't expect the government to step in anytime soon.

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The Bank of Canada is behind the curve, so get ready for more rate hikes

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IMF cautions Bank of Canada against tightening a day after it raised the rate

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