Canadian Home Sales Slip for the First Time Since April

Posted on Nov 16, 2020

Today's release of October housing data by the Canadian Real Estate Association (CREA) shows national home sales fell 0.7% month-over-month (m-o-m) from September's record high (see chart below). This is the first decline in five months, as market conditions remained tight and prices continued to rise. Competition remains intense in the detached-ho...

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An Unstoppable September

Posted on Oct 19, 2020


I've been saying for the past three months that we've been having that spring market in August and now the September numbers show that it's continued.

September 2020 sales were 45% above the 10 year average for the month. This has been the busiest September on record. Due to COVID slowing the market earlier in the year, we’re seeing a spring market...

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Canadian Housing Market Sets Record Highs In August!

Posted on Sep 27, 2020


The release of August housing data by the Canadian Real Estate Association (CREA) showed a blockbuster August with both sales and new listings hitting their highest levels in 40 years of data--exceeding the record July activity levels. This continues the rebound in housing that began four months ago.

National home sales rose a further 6.2% on a mont...

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Reverse Mortgages

Posted on Sep 16, 2020

PART 1

In this post I'll be covering the eight most commonly asked questions regarding reverse mortgages.  


Okay, reverse mortgages. This subject is pretty big and way bigger than just one post so with the help of one of the leading reverse mortgage brokers across Canada, we've decided to break this subject into 3 posts. In today's post I’m going to co...

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5 WAYS CLIENTS CAN USE A REVERSE MORTGAGE WHEN WORKING WITH A REALTOR

Posted on Sep 16, 2020

PART 2

In this blog I'll be covering the top five ways clients can use reverse mortgages when working with a realtor. 


1. Clients often want to sell their home and downsize to free up equity and pay off debt or help fund retirement. A reverse mortgage could be used to purchase the clients a home that's better in size or maybe in a more desirable neig...

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7 Things About Mortgage Insurance You Probably Didn't Know!

Posted on Sep 15, 2020

In this blog I'll be covering seven things you probably didn't know about mortgage insurance. 


Mortgage insurance is always required when you're purchasing a home with less than 20% down, and there are three insurers in Canada. CMHC, part of the federal government, Genworth and Canada Guaranty. To be eligible for mortgage insurance, all insurers requ...

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Jimi

Mobile: 604 551 7959

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Oakwyn Realty Ltd

3195 Oak Street  Vancouver,  BC  V6H2L2 

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