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June Conway
West Vancouver REALTOR® since 1988
June Conway
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  • Properties
    • Properties
    • Recent Sales
  • For Buyers
    • Menu iconPractical Buying Tips
    • Menu iconBuyers Cost Guide
    • Menu iconDeposit Power-Saving Ideas
    • Menu iconMortgage Free Strategies
    • Menu iconMortgage & BC Home Buyer Tax Calculator
    • Menu iconConsumer Protection Information
  • For Sellers
    • Menu iconHome Maintenance Checkup
    • Menu iconMoving Checklist
    • Menu iconPreparing Your Home For Sale
    • Menu iconConsumer Protection Information
  • Resources
  • Endorsements
  • Blog
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Mortgage

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  2. Entries tagged with "Mortgage"

A Guide to Mortgage Rule Changes

Real Estate TipsBy June ConwayDecember 16, 2024Leave a comment

The new insured mortgage rule changes have come into effect now and here is your guide to them! 1. Cap on insured mortgages increasing from $1M to $1.5M – with this change, it will be possible to buy a primary residence upto $1,499,999 and not have to put down 20% – minimum down payment rules…

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Favorable Mortgage Rule Changes

Real Estate TipsBy June ConwaySeptember 16, 2024Leave a comment

Three major changes have just been announced by the Department of Finance that will positively impact buyers! Effective Dec 15th, 2024: 1. Cap on insured mortgages increasing from $1M to $1.5M. – currently it’s not possible to buy for over $1M with less than 20% down. – with this change, it will be possible to…

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Interest Rate Changes

Real Estate TipsBy June ConwayNovember 1, 2022Leave a comment

The Bank of Canada hiked its target for the overnight lending rate by 50 basis points to 3.75% while continuing its policy of quantitative tightening on Wednesday, October 26. Additionally, it was stated the policy rate could rise further given elevated inflation and inflation expectations as well as ongoing demand pressures in the economy. Following…

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What To Know About Rising Interest Rates

Real Estate TipsBy June ConwayJune 2, 2022Leave a comment

For the first time since 2018, the Bank of Canada (BoC) increased its target for the mortgage-influencing overnight rate earlier this year, kick-starting what’s predicted to be one of many increases to mortgage rates in 2022. Experts have slightly different takes on where the overnight rate—which influences how banks will determine their own lending rates—will…

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Will new mortgage rules impact real estate activity?

Real Estate TipsBy June ConwayJune 2, 2021Leave a comment

The Office of the Superintendent of Financial Institutions (OFSI) and the Minister of Finance, Canada’s banking regulators, tightened the rules around the mortgage stress test on June 1. Under the new requirements, all mortgage applicants must be able to afford their mortgage at an interest rate of 5.25 per cent or two per cent over…

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What is Title Insurance?

Real Estate TipsBy June ConwayNovember 1, 2020Leave a comment

In its simplest form, title insurance protects the lender and homeowner against a number of risks related to the property’s title or ownership. What started years ago as a replacement for a survey certificate has now become standard on real estate purchase or refinance transactions. If you are buying or refinancing your home, expect title…

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Royal LePage Sussex – John Jennings
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