For a limited time, one of the banking Partners I work closly with is offering the following:

 

18 month non-redeemable term deposit

Rate: 2.25%

Available for new & existing funds

 

3 year escalator term deposit (convertible on anniversary)

1st year: 2.25%

2nd year: 2.50%

3rd year: 3.00%

Effective rate of 2.58% for 3 years


Convertible on an anniversary to a non-redeemable term deposit with an equal or longer maturity date

Available for new & existing funds

 

TFSA Park-It Savings

Rate: 2.25%

Reverts to regular rate schedule effective May 1, 2018

 

RRSP Park-It Savings

Rate: 2.00%

Reverts to regular rate schedule effective May 1, 2018

 

 G&F is also offering 1 year non-redeemable and cashable short term GIC options for members whom are looking for shorter investment time frames. They will work and cater options for all of our members to support their current and long term goals.


The campaign rate options end March 1st 2018.

 

If you have any further questions you can contact,

 

Emilie Cook - Assistant Branch Manager

West Broadway Branch | G&F Financial Group

Phone: 604-549-5421

email: ecook@gffg.com

 

Thinking of buying or selling this spring? This October I celebrated 27 years in real estate & construction industries.  My competitive knowledge base is an advantage you won’t get from any other realtor in the industry. I treat my clients like family, so when you time come, they are comfortable moving forward, and have complete confidence that they have made the right decision.

 

I'm never too busy for any of your referrals.

 

Your Realtor for Life

Brian

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December 8, 2017


Canadian housing starts surged in November, rising 13 per cent from October to 252,184 units at a seasonally adjusted annual rate (SAAR).  The six-month trend in Canadian housing starts jumped to 226,270 units SAAR, the highest its been in ten years.

The increase in new home construction was concentrated outside of BC, which saw starts decline 16 per cent to a still very strong 45,000 units SAAR in November on a monthly basis. Total starts in BC were up about 4 per cent year-over-year. Single detached starts were up 23 per cent on a monthly basis and 31 per cent compared to November 2016 while multiple starts were down 24 per cent month-over-month and fell 6 per cent year-over-year.

Looking at census metropolitan areas (CMA) in BC: 

  • Total starts in the Vancouver CMA declined from a 12-month high in October, falling 8 per cent. The market is likely close to full-capacity with close to 40,000 units under construction across the metro-Vancouver area.
  • In the Victoria CMA, housing starts fell 17 per cent year-over-year and were down 71 per cent on a monthly basis after a wave of new multiple units in October.
  • New home construction in the Kelowna CMA were up 32 per cent from October and increased 62 per cent year-over-year due to jump in multiple unit starts.
  • Housing starts in the Abbotsford-Mission CMA jumped from just 20 total starts in November 2016 to 169 in November 2017.  On a monthly basis, starts were 45 per cent higher compared to October due primarily to an increase in single-family starts. 

Thinking of buying or selling? This October I celebrated 27 years in real estate & construction industries. Hire me and I will get you the home or property you really want for you and your family. My clients call me innovative, insightful, diligent and direct. All of my competitive knowledge base is an advantage you won’t get from anyone else in the industry. I treat my clients like family, so when you time come, they are comfortable moving forward, and have complete confidence that they have made the right decision.

 

I'm never too busy for any of your referrals.

 

Your Realtor for Life

Brian

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I have sold a property at 42 8355 DELSOM WAY in Delta.
Over $30,000 spent on upgrades, Kitchen pantry & desk, upgraded carpet, new aqua click vinyl flooring & more. Loads of natural light streams in this very bright SW facing corner end unit that has great sunset views from deck and family room area. Unit has large fenced yard and is close to greenspace. Feels like you are living in a detached home. Largest plan in Spyglass features 4 bedrooms and 3.5 bathrooms and good parking for 4 vehicles. 9' ceilings on main, this unit is in show home condition. Fully professionally finished double side by side garage, perfect for the car enthusiast, epoxy floor and lots of professional grade storage. 12000 sqft clubhouse with resort style amenities, 4.5 KM trail. Fantastic schools, central location close to Richmond and Metro Vancouver. Priced to sell.
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For immediate release

 

 

Vancouver, BC – November 14, 2017.

 

TheBritish Columbia Real Estate Association (BCREA) reports that a total of 8,677 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, an increase of 19.3 per cent from the same period last year. Total sales dollar volume was $6.25 billion, up 41.6 per cent from October 2016. The average MLS® residential price in the province was $720,129, up 18.7 per cent from October 2016.

“BC home sales trended higher in October, up 23 per cent from January on a seasonally adjusted basis," said Cameron Muir, BCREA Chief Economist."A lack of supply in the resale market continues to put upward pressure on home prices in most BC regions."

 

Total active listings were down 5.1 per cent to 27,987 units in October compared to the same month last year, and have declined 49 per cent over the last five years. The ratio of home sales to active listings was up from 24.7 per cent in October 2016 to 31 per cent last month.

 

The BC housing market is considered to be in relative balance when the ratio of home sales to active listings is between 12 and 20 per cent.

Year to date, BC residential sales dollar volume was down 9.4 per cent to $63.8 billion, when compared with the same period in 2016. Residential unit sales declined 10.7 per cent to 90,290 units, while the average MLS® residential price increased 1.4 per cent to $706,881.


Thinking of buying or selling? This October I celebrated 27 years in reale state & construction industries. Hire me and I will get you the home or property you really want for you and your family. My clients call me innovative, insightful, diligent and direct. All of my competitive knowledge base is an advantage you won’t get from anyone else in the industry. I treat my clients like family, so when you time come, they are comfortable moving forward, and have complete confidence that they have made the right decision.

 

I'm never too busy for any of your referrals.

 

Your Realtor for Life

Brian


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I have sold a property at 1897 CAMPBELL AVE in Port Coquitlam.
STUNNING MARY HILL SPLIT LEVEL. Located on quiet street in an excellent family neighbourhood & short walk to Kilmer French Immersion Schools. Backs onto green area. This immaculate 3 level home has been completely updated by professional contractors, no DIY here, home features large sunken elegant living with cozy fireplace. Spacious kitchen with eating area overlooking the large fenced back yard and the family room with gas fireplace. Up, you have 3 bedrooms, 2 with walk-in closets. Spacious master with 3-piece ensuite. Loads of storage cupboards in the laundry area and easy access 3-foot crawl space. Backyard is private with new deck, fencing and patio area. Open house Sept 2&3 Sat/Sun 2-4pm.
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Please visit our Open House at 42 8355 DELSOM WAY in Delta.
Open House on Saturday, October 21, 2017 2:00PM - 4:00PM
Over $30,000 spent on upgrades, Kitchen pantry & desk, upgraded carpet, new aqua click vinyl flooring & more. Loads of natural light streams in this very bright SW facing corner end unit that has great sunset views from deck and family room area. Unit has large fenced yard and is close to greenspace. Feels like you are living in a detached home. Largest plan in Spyglass features 4 bedrooms and 3.5 bathrooms and good parking for 4 vehicles. 9' ceilings on main, this unit is in show home condition. Fully professionally finished double side by side garage, perfect for the car enthusiast, epoxy floor and lots of professional grade storage. 12000 sqft clubhouse with resort style amenities, 4.5 KM trail. Fantastic schools, central location close to Richmond and Metro Vancouver. Priced to sell.
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Please visit our Open House at 42 8355 DELSOM WAY in Delta.
Open House on Sunday, October 22, 2017 2:00PM - 4:00PM
Over $30,000 spent on upgrades, Kitchen pantry & desk, upgraded carpet, new aqua click vinyl flooring & more. Loads of natural light streams in this very bright SW facing corner end unit that has great sunset views from deck and family room area. Unit has large fenced yard and is close to greenspace. Feels like you are living in a detached home. Largest plan in Spyglass features 4 bedrooms and 3.5 bathrooms and good parking for 4 vehicles. 9' ceilings on main, this unit is in show home condition. Fully professionally finished double side by side garage, perfect for the car enthusiast, epoxy floor and lots of professional grade storage. 12000 sqft clubhouse with resort style amenities, 4.5 KM trail. Fantastic schools, central location close to Richmond and Metro Vancouver. Priced to sell.
Read Full Story

Change to Mortgage Underwriting - October 17, 2017


The Office of the Superintendent of Financial Institutions (OSFI) announced new restrictions on uninsured mortgages today. Effective January 1, 2018, all home-buyers with a down-payment of more than 20 per cent will have to qualify at the higher of the posted 5-year qualifying rate and their contractual rate plus 200 basis points (2 per cent).  This is in addition to policy announced in October of 2016 that required all insured borrowers qualify at the posted 5-year qualifying rate.

In addition to the new stress test for uninsured mortgages, OSFI is also requiring lenders to establish and adhere to appropriate loan-to-value limits reflective of risk and the current economic environment and is prohibiting s lending arrangements designed to circumvent loan-to-value limits such as combing mortgages with other lending products.

These new residential mortgage underwriting requirements will apply to all Federally regulated financial institutions.
 
The impact of the new stress test requirement will be to lower the purchasing power of households by up to 20 cent. Like past tightening of mortgage regulations, we anticipate that the market impact will be sharp but temporary. In the past, we have seen home sales decline in the 3 to 9 months following the implementation of tighter mortgage lending standards, with the severity of the impact fading within one year.  However, these new regulations impact a larger pool of mortgages and so the impact could be more significant than in the past.


This October I am celebrating 27 years in the real estate & construction industry. All of my clients enjoy my competitive knowledge base an advantage they don’t get from most of the agents in the business. I treat my clients like family, so they are comfortable moving forward, and when the time comes to make a move, they have complete confidence in their decision. Experience matters!


I'm never too busy for any of your referrals,


Your Realtor for Life,


Brian White







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Canadian Housing Starts - October 10, 2017


Canadian housing starts decreased by 4 per cent in September to 217,118 units at a seasonally adjusted annual rate (SAAR).  The six-month trend in Canadian housing starts also declined to 214,821 units SAAR.

New home construction in BC rose 6 per cent on a monthly basis to 37,470 units SAAR but was down 18 per cent on a year-over-year basis.  Single detached starts were flat compared to one year ago while multiple unit starts declined 24 per cent year-over-year.

Looking at census metropolitan areas (CMA) in BC: 

  • Total starts in the Vancouver CMA fell 13 per cent from August and were down about half compared to September 2016. Multiple unit starts were down 58 per cent from one year ago as record levels of units under construction weigh on new projects.
  • In the Victoria CMA market, housing starts continue to surge, rising 127 per cent year-over-year. Multiple unit starts continue to drive new home construction, with starts more than triple levels seen last September.
  • New home construction in the Kelowna CMA jumped more than 200 per cent year-over-year as close to 350 new multiple unit starts were recorded.
  • Housing starts in the Abbotsford-Mission CMA also more than doubled year-over-year due to strong growth in both single and multiple starts.

As you see outside the forgien tax umbrella markets continue to grow while the changes have had a negitive impact on the market and is shrinking the equity of BC homeowners.

 

This October 19th, I am celebrating 27 years in the real estate & construction industry. All my clients enjoy my competitive knowledge base an advantage they won’t get from most agents in the business. I treat my clients like family, so they are comfortable moving forward, and when the time comes to make a move, they have complete confidence in their decision.

 

I'm never too busy for any of your referrals.

 

Your Realtor for Life

Brian

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The Ontario real estate industry received some long overdue good news from the Toronto Real Estate Board, as home prices climbed 6%, representing the first monthly increase since the slide began in April.

The housing slowdown that began when Ontario following in British Columbia's footsteps instituted a set of new regulations, including a 15% foreign buyers’ tax, that caused house prices to slip almost 20% since the peak in April of this year.


Home Capital Group Inc.(TSX:HCG) also played a large part in souring investor sentiment. The crisis sparked a sell-off in other alternative lenders, like Equitable Group Inc.(TSX:EQB) and mortgage insurers like Genworth MI Canada Inc.(TSX:MIC). After a tumultuous spring and summer, Canada housing has shown signs that it may be ready for a significant bounce back in the coming months.


CMHC is set to explore loosening of regulations

The Canadian Mortgage and Housing Corporation (CMHC) is reportedly mulling regulatory changes to make it easier for small-business owners to qualify for new mortgages. Current mortgage regulations have stringent income stipulations that force small-business owners, contractors, and other non-salaried workers to qualify based on a two-year average. This can be especially complicated for younger workers in contract work, which is becoming more prevalent in the so-called gig economy.

Intuit Canada released a study in January in which it projected self-employed Canadians will make up 45% of the workforce in 2020. If and when these regulations are loosened to adapt to the new working environment, it could entice many new prospective buyers.


New construction and real estate investment continues at a record pace

Toronto and its surrounding cities saw an incredible rise in the first third of 2017. Hamilton, Ontario, was of particular interest as a city undergoing a transition into an affordable landing spot for those priced out of Toronto. On September 29, Hamilton surpassed the $1 billion mark when it came to construction investment in the city. This represents the fastest growth in investment in the city’s history.


RioCan Real Estate Investment Trust(TSX:REI.UN) announced that it plans to pursue a $2 billion sale of its holdings in secondary markets and focus more on commercial and residential properties in major cities.


Immigration is set to rise in 2018

Canadian immigration minister Ahmed Hussen indicated that immigration levels may increase in 2018 from the already record levels of 300,000 per year seen in 2015 and 2016. Some experts are predicting a rise in the 310,000-320,000 range.

 

Immigration from outside Canada into Ontario was the highest reported in five years in 2016. Immigration also remains one of the main sources of population growth in the city of Toronto, both from outside and inside Canada. There is still debate over how immigration has impacted demand, but the continuing surplus should yield positive results for the market.

 

Investors in housing and alternative lenders should also take solace in the recent comments by the Bank of Canada following the September 6th rate hike. Governor Stephen Poloz has assured that the bank will proceed with caution, which seems to indicate a gradual approach to rising interest rates. This should help lenders and the industry at large keep borrowing costs low.

 

This October 19th, I am celebrating 27 years in the real estate & construction industry. My clients enjoy my competitive knowledge base an advantage they won’t get from most agents in the business. I treat my clients like family, so they are comfortable moving forward, and when the time comes to make a move, they have complete confidence in their decision.

 

I'm never too busy for any of your referrals.

 

Your Realtor for Life

Brian

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Please visit our Open House at 42 8355 DELSOM WAY in Delta.
Open House on Sunday, October 8, 2017 1:00PM - 3:00PM
Over $30,000 spent on upgrades, Kitchen pantry & desk, upgraded carpet, new aqua click vinyl flooring & more. Loads of natural light streams in this very bright SW facing corner end unit that has great sunset views from deck and family room area. Unit has large fenced yard and is close to greenspace. Feels like you are living in a detached home. Largest plan in Spyglass features 4 bedrooms and 3.5 bathrooms and good parking for 4 vehicles. 9' ceilings on main, this unit is in show home condition. Fully professionally finished double side by side garage, perfect for the car enthusiast, epoxy floor and lots of professional grade storage. 12000 sqft clubhouse with resort style amenities, 4.5 KM trail. Fantastic schools, central location close to Richmond and Metro Vancouver. Priced to sell.
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Please visit our Open House at 42 8355 DELSOM WAY in Delta.
Open House on Monday, October 9, 2017 2:00PM - 4:00PM
Over $30,000 spent on upgrades, Kitchen pantry & desk, upgraded carpet, new aqua click vinyl flooring & more. Loads of natural light streams in this very bright SW facing corner end unit that has great sunset views from deck and family room area. Unit has large fenced yard and is close to greenspace. Feels like you are living in a detached home. Largest plan in Spyglass features 4 bedrooms and 3.5 bathrooms and good parking for 4 vehicles. 9' ceilings on main, this unit is in show home condition. Fully professionally finished double side by side garage, perfect for the car enthusiast, epoxy floor and lots of professional grade storage. 12000 sqft clubhouse with resort style amenities, 4.5 KM trail. Fantastic schools, central location close to Richmond and Metro Vancouver. Priced to sell.
Read Full Story

Canadian Employment - October 6, 2017


Canadian employment increased by 10,000 jobs in September while the the national unemployment rate remained steady at 6.2 per cent. In the twelve months to August, employment in Canada is up 1.8 per cent, or 320,000 jobs. Somewhat tepid job growth along with slumping exports and flat real GDP in recent months means the Bank of Canada will very likely hold off on raising rates at its October meeting.
 
In BC, employment declined for a third consecutive month, falling by 6,700 jobs in September. Full-time employment was up by 5,000 jobs but an 11,600 decrease in part-time work more than offset those gains.   Over the past twelve months, the level of employment in BC is up 3.6 per cent.  Despite three months of falling employment, the provincial unemployment rate continued to slide lower due to declining participation in the labour market. The BC unemployment rate fell 0.2 points to 4.9 per cent, the lowest rate since September 2008.


 

This October 19th, I am celebrating 27 years in the real estate & construction industry. All of my clients enjoy my competitive knowledge base an advantage they won’t get from most agents in the business. I treat my clients like family, so they are comfortable moving forward, and when the time comes to make a move, they have complete confidence in their decision.

 

 

 

I'm never too busy for any of your referrals.

 

 

 

Your Realtor for Life

 

Brian


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I have sold a property at 2339 10TH AVE W in Vancouver.
A modern Italian designed 2 bedroom home right on Connaught park. Home comes with a fully loaded kitchen: Euromobil Kitchen cabinets, Wolf Range, Liebherr fridge and separate freezer, built-in oven and floor to ceiling pantry. Radiant heated Italian tiles throughout the main level. High walk score- Stone throw to St. John's & Kits school, Steve Nash Gym, London Drugs, IGA and the list goes on. Bright, wide layout offers a generous space for a family with kids. Separate drive way. Fourplex non conforming strata offers the privacy of single home ownership with soundproof floors to very technical wall insulation. There is no monthly strata fee. Remaining warranty. All windows have blinds. *Pixilink measured 896 sqft. For your private viewing call.
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I have sold a property at 2172 8TH AVE W in Vancouver.
Imagine the excitement of making that phone call…”Honey, I’ve found the perfect home for us, where the kids can have their own bedroom, and walk to school.” This 3-bedroom, 2-bathroom plus large den townhome is a rare find indeed. Enjoy a premier address without paying the premium price of a detached Westside home. Skip the yard work and enjoy numerous parks and recreational facilities within a few minutes’ walk of your new home. This Kitsilano townhome has 3 bedrooms upstairs, including a master with ensuite bathroom and a private balcony for you to enjoy your morning coffee. The spacious den can be used as an office, kids’ play area, rec room, or guest room - the possibilities are endless. 10-foot ceilings and floor to ceiling windows, wide-plank hardwood floors, quartz countertops and stainless appliances will make you feel even more at home. Don’t forget your private single-car garage, plus additional underground parking space. Rental and pet-friendly in a fantastic location. Once you see it you will know
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Please visit our Open House at 42 8355 DELSOM WAY in Delta.
Open House on Saturday, September 30, 2017 2:00PM - 4:00PM Price reduced to $822,888 The only unit in the complex with a Kitchen pantry and granite work station. Motivated seller.
Spyglass at Sunstone Community built by Polygon. Lots of natural light in this very bright corner end unit that has great sunset views from deck and family room area. Unit has large fenced yard and is close to greenspace. Feels like living in a detached home. Largest plan in Spyglass features 4 bedrooms and 3.5 bathrooms and good parking for 4 vehicles. Gorgeous kitchen, granite counters, Pantry and built in desk area. 9' ceilings on main with new laminated floors, this unit is in tip-top as new condition. Fully finished garage, perfect for the car enthusiast, epoxy floor and lots of professional grade storage. 12000 sqft clubhouse with resort style amenities. Central location close to Richmond and Metro Vancouver. Priced to sell.
Read Full Story

Canadian Monthly GDP (July 2017) - September 29, 2017


Growth in the Canadian economy was essentially flat in July following 8 consecutive months of growth.  Only 11 of 20 industrial sub-sectors posted positive growth with output in key industries like mining, oil and gas and manufacturing declining.   Given today's release, third quarter growth in the Canadian economy is tracking at about 2.5 per cent - a deceleration from the nearly 4 per cent growth in the first half of 2017. 

The Bank of Canada has been emphatic that future rate adjustments will be highly data dependent. Slower growth in the third quarter likely means the Bank will hold off on increasing rates at its October meeting. However, beyond that meeting, as long as the Canadian economy is growing well above trend, which the Bank sees as a signal of rising future inflation, we expect further rate increases to come either by the end of this year or in early 2018.


 

This October 19th, I am celebrating 27 years in the real estate & construction industry. My clients call me innovative, insightful, diligent and direct. All of my clients enjoy my competitive knowledge base an advantage they won’t get from most agents in the business. I treat my clients like family, so they are comfortable moving forward, and when the time comes to make a move, they have complete confidence in their decision.

 

 

 

I'm never too busy for any of your referrals.

 

 

 

Your Realtor for Life

 

Brian


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Canadian Inflation and Retail Sales - September 22, 2017


Canadian inflation, as measured by the Consumer Price Index (CPI), registered 1.4 per cent in the 12 months to August. That is a slight uptick from 1.2 per cent in July.   The Bank of Canada's three measures of trend inflation were also up slightly, averaging 1.5 per cent.   In BC, provincial consumer price inflation was 2.0 per cent in the 12 months to August. 

Canadian retail sales increased 0.4 per cent on a monthly basis in July and were 7.8 per cent higher year-over-year. Sales were higher in 6 of 11 retail sub-sectors with the main contribution coming from motor vehicle dealers and food and beverage stores. In BC, vigorous consumer spending continues to set the pace for the BC economy. Retail sales in the province climbed 0.7 per cent on a monthly basis and were up 12.3 per cent year-over-year.
 
Despite rapid economic growth in Canada, there is still very little sign of inflation. With inflation reading well below the Bank of Canada's 2 per cent target once again in August, the case for a further rate increase in October is lessened though not completely closed.


Thinking of buying or selling? This October I am celebrating 26 years in the real estate & construction industry. My clients call me innovative, insightful, diligent and direct. All of my clients enjoy my competitive knowledge base, an advantage they won’t get from most agents. I treat my clients like family, so they are comfortable moving forward, and when the time comes they have complete confidence that they have made the right decision.


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Please visit our Open House at 1897 CAMPBELL AVE in Port Coquitlam.
Open House on Saturday, September 23, 2017 2:00PM - 4:00PM
STUNNING MARY HILL SPLIT LEVEL. Located on quiet street in an excellent family neighbourhood & short walk to Kilmer French Immersion Schools. Backs onto green area. This immaculate 3 level home has been completely updated by professional contractors, no DIY here, home features large sunken elegant living with cozy fireplace. Spacious kitchen with eating area overlooking the large fenced back yard and the family room with gas fireplace. Up, you have 3 bedrooms, 2 with walk-in closets. Spacious master with 3-piece ensuite. Loads of storage cupboards in the laundry area and easy access 3-foot crawl space. Backyard is private with new deck, fencing and patio area. Open house Sept 2&3 Sat/Sun 2-4pm.
Read Full Story
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