The Million Dollar Question?

By Mortgage News

My blog today is about the Baby Boomer generation born between 1946 and 1964. There are 9.6 million of us (I am one myself) that represents 25% of the population in Canada. I have recently read several articles, mostly written by expert analysts and economists, predicting the spending habits and decisions Baby Boomers will make in the years to come. One prediction is that a good many will be selling their 3,000 square foot home and replacing it with a 1,200 square foot condo. Read More

Release of OMREB Stats for May 2012

By Mortgage News

Today the Okanagan Mainline Real Estate Board (OMREB) has crunched out some encouraging numbers for May 2012. OMREB President, Rob Shaw, says “during May, the Okanagan-Shuswap experienced a resurgence in sales activity due to elevated buyer interest – an early sign that consumer demand and confidence are improving”. Read More

Considering a Rent-To-Own Property?

By Mortgage News

If you are, then there may be a few things to keep in mind from a lender’s perspective. Perhaps the main reason you are even considering this option is that you are having difficulty qualifying  for a mortgage at the present time. It may be a lack of a down payment, a bruised credit bureau report, or insufficient income to debt service your mortgage. Read More