Agent Blogs


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Vancouver hit by dramatic drop in house values

Oct 31, 2014

Blog posted by Cory Kline, AMP Views (2493)

Interesting Article in Mortgage Broker News, written by James Henry/ Oct 30, 2014. Vancouver hit by dramatic drop in house values Hundreds of Vancouver homes are worth hundreds of thousands of dollars less now than they were a few months ago. If you require... [ read more ]

Cory's Mortgage Market Update

Oct 24, 2014

Blog posted by Cory Kline, AMP Views (2702)

As expected there was no change in the Bank of Canada rate. Bank Prime remains at 3% The article below is an excellent overview of yesterday's announcement. The next meeting is on... [ read more ]

Cory's Mortgage Market Update

Sep 19, 2014

Blog posted by Cory Kline, AMP Views (2375)

Bond rates have continued to rise. We have seen several rate hike warnings and a few lenders make small upward adjustments. 5 year fixed rates are still in the high 2 % range with variable rates in the 2.35-2.55% range. If you have a variable rate of any more... [ read more ]

Cory's Mortgage Market Update

Jul 31, 2014

Blog posted by Cory Kline, AMP Views (2286)

The bond rate has continued to inch downwards the past several weeks. 5 year funds are in the high 2% range(2.89-3.04%) range.   Variable rate mortgages are in the 2.35-2.45% range. If your mortgage is renewing in the next 6 months or you are thinking of... [ read more ]

CMHC is making changes to the Self Employed Program

Apr 28, 2014

Blog posted by Cory Kline, AMP Views (2686)

CMHC is Changing Its Mortgage Insurance Product Offerings Effective May 30, 2014   Discontinuation of CMHC Self-Employed Without Traditional Third Party Validation of Income Operational Questions and Answers 1) Will self-employed borrowers still... [ read more ]

CMHC Will No longer Insure Second Homes...

Apr 28, 2014

Blog posted by Cory Kline, AMP Views (2765)

CMHC is Changing its Mortgage Insurance Product Offerings: Effective May 30, 2014 Click to read the full article from CMHC Discontinuation of CMHC Second Home Product Questions and Answers    1) Does this mean that a borrower/co-borrower who... [ read more ]

Mortgage Market Update

Apr 14, 2014

Blog posted by Cory Kline, AMP Views (2416)

The bond market has softened slightly the past week. There have been no changes in fixed or variable rates. 5 year fixed rates remain in the 2.98%-3.19% range. Variable rate mortgages are available in the 2.35-2.55% range. The Bank of Canada will have their... [ read more ]

Mortgage Market Update

Feb 24, 2014

Blog posted by Cory Kline, AMP Views (2289)

Market Update The interest rate market was extremely steady the past week. We currently have 5 year money in the 2.99-3.49% range. Variable rates continue to be an attractive option with rates around 2.50-2.60%. With the Bank of Canada meeting in the next couple of... [ read more ]

Facts about Valentines Day….

Feb 14, 2014

Blog posted by Cory Kline, AMP Views (2483)

When did it all start? There are various theories on the origin of Valentine's Day, but the most popular dates back to the time of the Roman Empire during the reign of Claudius II, 270 A.D. Claudius didn't want men to marry during wartime because he... [ read more ]

CMHC Cutbacks Announced

Feb 14, 2014

Blog posted by Cory Kline, AMP Views (2139)

The budget announcement quietly slipped in changes to government-backed mortgage insurance, including reductions to the amount of new guarantees CMHC will provide. “The Government continues to adjust the housing finance framework to restrain the growth of... [ read more ]

2014 Prime Rate Update

Jan 27, 2014

Blog posted by Cory Kline, AMP Views (2153)

Bank of Canada maintains overnight rate target at 1 per cent Bank of Canada, Jan 22, 2014 Ottawa The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the... [ read more ]

Bank of Canada leaves door open to rate cut as concerns of weak inflation grow

Jan 27, 2014

Blog posted by Cory Kline, AMP Views (1797)

Bank of Canada leaves door open to rate cut as concerns of weak inflation grow Gordon Isfeld | January 22, 2014 Last Updated: Jan 23 12:24 PM ET OTTAWA — Canada’s economy is expected to tag along with the stronger U.S. recovery as it picks up... [ read more ]

Cory's Mortgage Market Update...

Jan 27, 2014

Blog posted by Cory Kline, AMP Views (1375)

As expected the Bank of Canada did not move their trend setting rate last week. Bank prime remains unchanged at 3%.The bond rate has continued to fall as of this morning, it is down 35 basis points from the 1st of January. Several banks lowered their 5 year fixed... [ read more ]

Cory's Mortgage Market Update

Oct 31, 2013

Blog posted by Cory Kline, AMP Views (1682)

Bond rates have continued to inch downward the past week. If this continues, we will likely see some further softening of long term rates. Several lenders did lower their rates by 10 basis points. 5 year rates continue in the 3.49-3.89%. Variable rates are... [ read more ]

Bank of Canada Announcement

Oct 23, 2013

Blog posted by Cory Kline, AMP Views (1642)

There was no change in today's press release. Their overall message of keeping Bank prime the same has not changed. Bank prime remains at 3%. This means no changes in variable rate mortgages or line of credit rates. Five year money ranging from 3.59-3.89% and 10... [ read more ]


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