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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     Bank of Canada Relies on       Quantitative Easing

Posted on Sep 11, 2020


As promised, the Bank held its target overnight rate at the effective lower bound of 25 basis points with the clear notion that negative policy rates are not in the cards. Instead, the central bank will rely on large-scale asset purchases--quantitative easing (QE--of at least $5 billion per week of Government of Canada bonds. QE adds liquidity to t...

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3 Steps to Help Choosing Your Realtor

Posted on Sep 08, 2020

Did you know?


Did you know there's over 12,500 realtors in the Vancouver and surrounding areas? All vying for your business and in that sea of realtors, how do you choose someone to work with that's got your best interests at heart that will get you closer to your real estate goals? Well, outside of a personal referral which is always the best way...

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Canadian Q2 GDP Growth Plunge Rebounds Since April

Posted on Aug 30, 2020


Canadian real GDP plunged 11.5% in the second quarter, or -38.7% at an annualized rate, the worst quarterly decline on record (see chart below). This followed an 8.2% plunge in Q1. The worst of the contraction occurred early in the quarter as the lockdown in March and April wreaked havoc on activity. Since then, the economy has shown surprisingly s...

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Canadian Housing Market Very Strong in July

Posted on Aug 17, 2020

Today's release of July housing data by the Canadian Real Estate Association (CREA) showed a blockbuster July with both sales and new listings hitting their highest levels in 40 years of data. This continues the rebound in housing that began three months ago.

National home sales rose 26% month-over-month (m-o-m) in July, which translates to a 30.5...

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Jimi

Mobile: 6045517959

Phone: 604 551 7959

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Office Info

Oakwyn Realty Ltd

3195 Oak Street  Vancouver,  BC  V6H2L2 

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