First Time Buyer

June 23, 2010

Walmart -The Newest Canadian Bank?


Walmart is entering the Banking business. I am not surprised really; other retail giants like Presidents Choice and Canadian Tire have tried with limited success.
The truth is the Walmart executives will have their work cut out for them.

June 23, 2010

Life Insurance on your Mortgage – Why it Sucks


Life insurance is the type of thing you buy and hope you never need. Unfortunately not all types of life insurance are created equal.

June 7, 2010

Rental Income Gets Hammered Under New Rules


Jim Flaherty changed the mortgage rules on April 19. The changes were designed to prevent Canadians from piling on too much debt.

Most of the changes will have a minor impact on the overall housing market.

In Kelowna the change is going to impact first time buyers who have been relying heavily on rental income to qualify for our expensive homes.

March 3, 2010

Selling the Potential Value of Real Estate


Scott’s latest video demonstrates the difficulty in selling potential value. Sellers occasionally attempt to list their home for more than market value because of a perceived notion of potential value. Unfortunately it is often difficult to convince a buyer of this potential value.

February 23, 2010

Flaherty Performs Micro-Surgery on the Real Estate market


Jim Flaherty announced major changes to Mortgage rules. Changes that are scheduled to be implemented April 19, 2010.

Three of the major changes are: