Diane Birk's Blog Posts

Preparing for Higher Rates

Given inflationary pressures, the Bank of Canada indicated in their last rate announcement that rate hikes could take place earlier than previously indicated, in mid-2022, which means variable rates

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NO CHANGE TO THE BANK OF CANADA OVERNIGHT RATE - OCTOBER 27, 2021

The Bank of Canada announced today that it will continue to hold the overnight rate steady, noting that the recovery continues to require extraordinary monetary policy support "due to ongoing excess

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Royal LePage Rent vs. Buy Report

https://marketing.rlpnetwork.com/Communications/Royal_LePage_Rent_vs_Buy_Report_Summary.pdf?utm_medium=email&utm_source=rlpre&utm_content=Just%20Released%3A%20Royal%20LePage%27s%20Rent%20vs.

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REBGV Q3 Housing Outlook

http://members.rebgv.org/news/REBGV-Q3-2021-Housing-Overview-Report.pdf?_cldee=ZGlhbmViaXJrQGdtYWlsLmNvbQ%3d%3d&recipientid=contact-eee5e0f00d77e811a95c000d3af49637

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6 Ways for Homeowners to Build Wealth

6 Ways for Homeowners to Build WealthHistory has proven that homeownership is a solid long-term investment. You build your equity stake through your regular mortgage payments and your home's price

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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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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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