Marcey Barber Dion- DLC BlueTree Mortgages WEST

04/16/2025

10/23/2024

Here we go! 🤩

📉 BREAKING NEWS 📉

The Bank of Canada has just cut its benchmark rate to 3.75%, marking the first major reduction in 15 years! 🏦 This is a significant moment for the mortgage market and homebuyers across Canada.

10/22/2024

Hang on to your seats, we are in for some big dips! Variable is the strong choice today. Talk to your broker if you are coming up for renewal or purchasing.

As we appraoach what’s expected to be the Bank of Canada's fourth consecutive interest rate cut this year, several major banks are forecasting that the rate-cutting cycle is far from over.

10/09/2024

https://www.facebook.com/share/p/sPgtznDhjjUNgLSh/?mibextid=WC7FNe

Breaking News for Mortgage Brokers!

The Deputy Prime Minister has just announced new government actions aimed at tackling the housing crisis and boosting the supply of homes across Canada!

Here’s what you need to know:
✅ Secondary Suites: Starting January 15, 2025, homeowners can refinance their mortgage to build secondary suites, like basement apartments or laneway homes. This means up to 90% financing on home value and 30-year amortizations!
✅ Vacant Land Taxes: Consultations are underway for provinces and municipalities to tax vacant lands—unlocking more space for much-needed homes.
✅ Public Lands: 14 more underused federal properties are now available for new housing developments!

The federal government is committed to its goal of building 4 million homes by leveraging all available resources and strategies. These recent announcements represent significant steps towards maximizing land use in our communities and addressing the housing affordability crisis.

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09/27/2024

This article provides valuable insights into forecasting, suggesting that if economists' predictions are accurate, the condo market is dead, interest rates will decrease, and a favorable buying window for condos will emerge.

https://www.facebook.com/share/p/1KiX3LoChtVEAgYC/?mibextid=WC7FNe

09/26/2024

ATTENTION RENEWAL CLIENTS! Starting November 21, you’ll have even MORE options to secure the best mortgage for your needs! 🏡💼
OSFI has announced the removal of the stress test for borrowers with uninsured mortgages, which means it could be easier for you to switch lenders without facing extra qualifying hurdles! 🙌
Take advantage of this new change and explore your options.
Click the link below to read the full article by Canadian Mortgage Trends. Or contact a DLC Mortgage Expert today to get personalized information about this change.

https://www.canadianmortgagetrends.com/2024/09/osfi-to-end-stress-test-requirement-for-uninsured-mortgage-switches/

09/16/2024

Big news from CMHC today, allowing 30 year amortization for ALL first time home buyers.
CMHC will also allow insurance for properties up to 1.5M (previously capped at 1M). Effective Dec 15

08/02/2024

BC tenancy act makes a quick change on recent rule changes!

On July 18, 2024, the Government of British Columbia enacted regulations to the Residential Tenancy Act (RTA) requiring landlords and homebuyers to give tenants four months’ notice instead of two months when evicting for personal or caretaker use. In response to CMBA-BC's advocacy efforts, which included a meeting with senior representatives at the BC Ministry of Housing, the Government of British Columbia has agreed to amend these regulations.

We are grateful for the active participation of our members, whose feedback has been crucial in achieving this outcome.

If you’re not a member yet, now is the perfect time to join! Visit our website to learn more.

07/24/2024

In addition to announcing the rate cut, the Bank of Canada also released updated economic forecasts, projecting moderately slower GDP growth in 2024 than previously anticipated.

04/24/2024

In the market for real estate? Have a listen!
When rates were low clients went into multiple offers, without even so much as a home inspection and often paid over $100,000 more for a house. Rates are higher now for sure, but having time to make the right decision in buying a home, at a comfortable price has its value as well.

https://www.facebook.com/reel/1448782752698218?fs=e&s=TIeQ9V&mibextid=0NULKw

10/18/2023

There may just be a light at the end of the variable tunnel and those people heading into renewals in 2024. Bank of Canada likely to begin cutting rates mid 2024.

The overnight rate could settle around 3%, according to leading economist