All posts by Rom Houtstra
Low Mortgage Rates till 2016?
The Bank of Nova Scotia has reforecast its outlook on the Bank of Canada and now believes the bank will hold off on hiking its overnight rate until 2016. “The Bank of Canada probably now envisages spare capacity remaining into 2016,” the report stated. “It could well push out its forecast to return to the […]
Continue readingOkanagan Home Buyers Survey August 2013
AUGUST SURVEY SUMMARY Property Type: 25.4% of purchases were by Move-Up Buyers (up from 22.8% in July)* 17.3% by First Time Buyers (down from 17.9%) 13.5% moving from Single Family Home to Strata Unit (up from 9.8%)* 11.2% buying Recreation Property (up from 10.8%)* 8.5% buying Revenue/Investment Property (down from 11.0%) 6.5% moving into Retirement […]
Continue readingEnd of Rent to Own?
A number of mortgage brokers are among those applying more scrutiny to rent-to-own deals following yet another investment horror story. The viability of the rent-to-own market took another hit last week following news that an Ottawa-based company is facing $2 million in lawsuits from unhappy investors. Golden Oaks Enterprises, the company at the centre of […]
Continue readingBuyers Profile Central Okanagan June 2013
JUNE SURVEY SUMMARY Property Type: 23.7% of purchases were by Move-Up Buyers (down from 24.5% in May) 17.5% by First Time Buyers (same as May) 17.1% moving from Single Family Home to Strata Unit (up from 15.0%)* 8.6% buying Revenue/Investment Property (up from 7.3%)* 5.1% buying Recreation Property (down from 7.3%) 4.7% moving into Retirement […]
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