Eric Lyle - Essential Mortgage Company

09/25/2024

Sounds like there will be no more "stress test" for borrowers with uninsured mortgages switching to a new lender at renewal starting Nov 17th

09/24/2024

Is your mortgage coming up for renewal?

The popular strategy among Canadians approaching mortgage renewal these days is opting for a Variable rate instead of a short-term fixed rate, such as a 2- or 3-year fixed. The rationale behind this strategy is to take advantage of expected rate decreases by the Bank of Canada (BoC). The goal is to....

03/23/2018

India will soon overtake China as the number one contributor to global GDP...

A new analysis on the future of the global economy puts India at the centre.

03/22/2018

Countries that work the most employable hours: http://ow.ly/ZhkN30j2Hfg

Countries with the highest rate of home ownership: http://ow.ly/CtRL30j2Hpr

I don't see a pattern.

The latest data from the OECD reveals which nationalities work the longest (and shortest) hours.

03/07/2018

The last time Vancouver was this unaffordable dates way back to...

National Bank of Canada is the first of the Big Six to anticipate lower prices for Toronto and Vancouver real estate.

03/04/2018

This is an article from 2017, but still good perspective. North America and Europe population growth will be moderate at best, but the rest of the planet is set for an explosive up swing. Here's a projected list of the cities that will make up the Top 10 list by 2030 ...

Cities will transform into megacities.

03/02/2018

Here's a little loop hole area neat Vancouver where the foreign buyers tax policy doesn't apply...

While the provincial government’s budget offers solutions to try and curb the housing affordability crisis, taxes aimed at correcting the housing crisis in Vancouver won’t include Squamish. In a . . .

03/02/2018

https://eric-lyle-af8w.squarespace.com/home/2018/2/28/stress-test-stress-out

01/25/2018

Here are the scheduled dates for interest rate announcements from the Bank of Canada...8 of them in total, another 7 to look forward to for the remainder of 2018. These announcements affect variable rate mortgages, HELOCs, credit cards, personal lines of credit, and any other variable component credit accounts

01/06/2018

Many home buyers are required to purchase Title Insurance upon completion of their mortgaged real estate purchase and many are completely unaware of the coverage...