Diane Birk's Blog Posts

No Bank of Canada Rate Change - June 9, 2021

The Bank of Canada announced today that it is maintaining the benchmark rate. With government restrictions easing and vaccinations ramping up, the Bank anticipates the economy will rebound strongly.

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Variable or Fixed-Rate Mortgage?

This spring we're seeing aggressive pricing for variable-rate mortgages, while fixed mortgage rates continue to be at historically low levels. Which is best for today's uncertain environment? First,

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No Change in Bank of Canada Rate - March 10, 2021

The Bank of Canada announced today that it is maintaining the benchmark rate, noting that our recovery is better than anticipated but that economic slack and uncertainty remain, particularly

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CHMC's New Underwriting Criteria: What changed, and what it means for Home Buyers

The Canadian Mortgage and Housing Corporation (CMHC) has implemented new underwriting criteria (eligibility requirements) to apply for homeowner transactional and portfolio mortgage insurance.

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CHMC Reviews Underwriting Criteria

The COVID-19 pandemic is affecting all sectors of Canada’s economy, including housing. Job losses, business closures and a drop in immigration are adversely impacting Canada’s housing

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Your Home Mortgage .... Six Questions Answered

As the longest spring in memory finally gives way to summer, it's nice to see people safely enjoy the sunny weather. We hope that you and yours are in good health. There continues to be uncertainty

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REALTORS® employ new tools, resources and practices to serve their clients in phase two of BC’s re-opening plan

On May 18, the provincial government began phase two of their plan to re-open BC’s economy.This phase calls for the careful easing of restrictions on businesses across different sectors.The

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