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#1301 tjv

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Posted 07 December 2017 - 10:01 AM

Good question, but when I went shopping last year I found most banks offered identical rates, but the difference were in the terms like how much you could make in extra payments per year

 

I am not sure I agree with a stress test exemption if you are renewing with the same bank (is this the only exemption after Jan 1?).  It really gives carte blanche to the banks to say here is your renewal rate, take it or face a stress test at the other banks.  I don't think we will know the rate difference until next year


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#1302 Mike K.

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Posted 07 December 2017 - 10:21 AM

That's a very good point. Take the rate, or go elsewhere...


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#1303 VibrantVictoria

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Posted 07 December 2017 - 10:41 AM

Mortgage stress test: what you need to know if you’re in the market for a home
https://victoria.cit...ket-for-a-home/

#1304 tjv

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Posted 08 December 2017 - 04:02 PM

Great article, that really clears it up for me.  Thanks


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#1305 MarkoJ

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Posted 11 December 2017 - 08:53 AM

Victoria Real Estate Board
 
Mon Dec 11, 2017:
 
Dec Dec
2017 2016
Net Unconditional Sales: 168 471
New Listings: 198 392
Active Listings: 1,684 1,493
 
 
Please Note
 
Left Column: stats so far this month
Right Column: stats for the entire month from last year

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2016 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


 



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