Hey everybody! I have a quick but exciting announcement to make: on January 13th 2016 at 7:00 PM, Terri Paulovich and I will be hosting a first time home buyer’s information session in our office at 2-10208 10th Street Dawson Creek. Everybody is welcome to attend, but the evening is geared toward those with their eyes on the housing market for the first time. It can be rather daunting to purchase your first home, and so we want to help make that process as simple and painless as possible. And if that’s not enough, there will also be a few real estate agents in attendance to answer any of your questions!
Just today, our Finance Minister Bill Morneau announced that purchasing homes worth between $500k and $999k will require a 10% down payment going forward (up from the 5% required now). In my professional opinion, his next step will be to tighten up on debt ratios, and the cumulative effect is that it will only get more difficult for Canadians to get a mortgage in the next little while. I say this not to be cynical, but to encourage you to not wait if you’re looking to buy your first home! Let’s get you into your new home with your perfect mortgage as soon as possible.
For more information and advice like that, I urge you to come join me on January 13th! And if you don’t want to wait that long, the great news is that my phone is always on! I have 18 years of experience in the mortgage industry, and I’m happy to help with any problems or questions you might have. Just give me a call at (250) 782-9665, or even stop by my office and chat with me in person!
So while I’m waiting for my phone to ring, I want to wish you all a wonderful end to the year. I look forward to seeing you in the new one!
Lori Lalonde, Your Northern BC Mortgage Broker™