PERSONAL SNAP SHOT About: Born and raised in Richmond, BC. Eleanor has lived in various parts of the lower mainland including New Westminster, Vancouver and is now living in Coquitlam with her husband and 2-year old daughter, Anneliese. Interests: She has a talent for doing make up. Likes (If you had more time, what would you do more of): More time with her daughter. Loves (can’t live without): Eleanor loves to eat, cook and bake and spends all of her free time with friends and family. BUSINESS BASICS  Started as a Realtor in: late 2016 Specialization: Residential properties in the Tri-Cities, Maple Ridge, and BurnabyRead More →

This is what runs through my mind when I think of what’s happened since October 3, 2016: The federal and provincial governments decided to collect the current mortgage policies and without consultation of all the major players in the industry, bunch them together and crumple them up into a ball.  They then lite a few sticks of dynamite, stuffed them into the middle and ran.  Explosions occurred on repeat leaving pieces of scattered policies, a cloud of First-Time Homebuyer HOME partnership confusion and a thick layer of ash of mortgage programs and competition that has completely vanished.  Lenders, brokers and Realtors left to waft the fumesRead More →

B.C.’s premier has announced the province is lifting the 15 per cent foreign buyers tax for anyone living in Metro Vancouver with a work permit. The move is an effort to encourage people to come to the province. Those who live, work and pay B.C. taxes will now be exempt from the additional property transfer tax. “People who are seeking refuge around the world should be able to find safe haven here in our province. We believe the best and the brightest should be able to come to B.C.,” Clark said during a media scrum at the Chinese New Year parade in Vancouver Sunday…Read more &Read More →

Bank of Canada maintains overnight rate target at 1/2 per cent FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario 18 January 2017 Available as: PDF   The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Uncertainty about the global outlook is undiminished, particularly with respect to policies in the United States. The Bank has made initial assumptions about prospective tax policies only, resulting in a modest upward revision to its US growth outlook. Overall, the global economy isRead More →

CMHC to Increase Mortgage Insurance Premiums OTTAWA, January 17, 2017 — CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. “We do not expect the higher premiums to have a significant impact on the ability of Canadians to buy a home,” said Steven Mennill, Senior Vice-President, Insurance. “Overall, the changes will preserve competition in the mortgage loan insurance industry and contribute to financial stability.” Capital requirements are an important factor in determining mortgage insurance premiums. The changes reflect OSFI’s new capitalRead More →