Margaret & John

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Market Update


- activity levels for buyers are starting to come back on the market after summer holiday 
-monthly supply continues to steadily decline over the last few months and its continues to decline
- there is an underlying pent-up buyer demand which could lead to a busier Fall market 
- more consumers are looking into back to back purchase & sale as the market is experiencing compression
- more subject to sales with time clause offer are being presented ; make sure you work with an experienced realtors to make sure everything is well looked after.


If you are looking to get into the market or move up to a larger home, this is a great opportunity ⚡️ let’s get together & talk about it !


Dexter Realty Charity 

At Dexter Realty, we have a long history of supporting our communities and one of the charities that we have committed to is Ride to Conquer Cancer for BC cancer research . 


This past weekend , 15 of our Dexter Colleagues got on their bikes riding 227 km. Over the past year, Dexter Realty had raised over $61,000 and over $500,000 within the last decade. We are so proud to participate and raise funds for such worthy cause . 


#MortgageUpdate 

The Bank of Canada  is lowering the qualifying rate to 5.19% for mortgage stress test. This is a reduction of 0.2%. This could potentially increase a buyer’s max borrowing power by less than 1%.

There is another way that buyers may increase their borrowing power by 20% with competitive interest rates.

Curious 
Thinking of a move 
This is a perfect time to making your homeownership dream into a reality !
Learn more with Keaton Kirkwood at The Green Team Mortgage.

Keaton Kirkwood-Mortgage Broker
DLC Homeline Mortgages
Cell: 778-847-3289
www.GreenMortgageTeam.ca


#CurrentInterestRate -

Current 5 Year Bond rate is down to 1.36%, interest rate should remain low.

Rate drop is forecasted in near future, estimated a quarter point rate cut for Bank of Canada.

Current Special 2.84 %for a quick close mortgage which is about $413/month of mortgage payment for every $100,000 borrowed.

High-ratio mortgage rate -2.69%which is around $457/month of mortgage payment with 25 years amortization for every $100,000 borrowed or $451/ month of mortgage payment for 30 years amortization length.

Conventional rate - 2.79% which is around $435/month of mortgage payment for every $100,000 borrower with 30 years amortization period

Variable rate - 2.95% which is about $471/Month of mortgage payment for $100,000 you borrow with 25 years of amortization period or $410/month of mortgage payment for 30 years of amortization period

We are at a 35 years low in mortgage growth as a result of the implementations of mortgage stress test from one year ago.

Rate has been holding fairly steady and there are a good supply of housing options on the market.


If we can be of any service to your real estate needs, please don’t hesitate to let us know. We ♥️ to hear from you!!

Have a great week ! 



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Dexter's Annual Awards


We're proud to announce that Margaret was recognized for her incredible year in 2018 by her brokerage, Dexter Realty. Here's what they have to say about their awards: https://dexterrealty.com/insights/2018-award-winners/


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