Blog - Craig Doherty

What Is Market Value?

(December 28, 2014)

In markets within Canada this is a question being asked my many as prices continue to rise http://www.repmag.ca/news/what-is-market-value-186647.aspx

Daily Market Update

(December 23, 2014)

http://www.canadianrealestatemagazine.ca/news/daily-market-update-186644.aspx

It's all about the brass...(apologies to Meghan Trainor)

(December 21, 2014)

Tips for financing or refinancing your mortgage...http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/four-tips-to-help-you-get-the-best-deal-when-refinancing-your-mortgage/article22032209/

New North Vancouver Shore Traffic Reconfiguration

(December 20, 2014)

This will add amazing value to properties in Lynnmour and gives breathing room for the growth of Lynn Valley http://www.nsnews.com/news/50-million-traffic-fix-planned-for-mountain-highway-interchange-1.1585866

Let Renters Pay Your Mortgage

(December 20, 2014)

More and more home buyers are inviting renters to assist them into larger non-strata homes http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/let-renters-pay-your-mortgage/article20196384/

Loonie Drops as Inflation Lower Than Expected

(December 19, 2014)

http://www.theglobeandmail.com//report-on-business/economy/currencies/loonie-drops-as-inflation-figures-come-in-lower-than-expected/article22156893/?cmpid=rss1&click=sf_rob

Exiting Boomers Causing Housing Downturn? Hardly!

(December 16, 2014)

http://www.mortgagebrokernews.ca/news/baby-boomers-not-causing-a-housing-downturn-after-all-186434.aspx

Market Update

(December 16, 2014)

http://www.canadianrealestatemagazine.ca/news/daily-market-update-186418.aspx

CMHC fee increases could add hundreds of dollars to mortgage cost

(December 15, 2014)

CMHC is to triple the charges it makes to some financial institutions. The fee increases will be for guaranteeing loans in the mortgage-backed securities market, which the agency operates under the National Housing Act. Some experts are predicting that the hike in fees will filter down to homebuyers with the likelihood of a few hundred dollars being added to the cost of a mortgage. The fee for mor... read more.

Scotiabank breaks from the pack with interest rate prediction

(December 15, 2014)

Most economists forecast that the first interest rate rise will be in the second half of 2015, possibly in the fall. However Scotiabank is sticking to its prediction that rates will stay lower for at least another year, with the first increase not happening until the beginning of 2016. In fact the bank’s economist Derek Holt says there could even be a cut in the rate next year. 

My Thoughts On The North Shore - Supply v Demand

(December 12, 2014)

The topic of a lot of discussion is whether there will be a major correction in real estate prices. From my perspective the most pertinent factor that seems missing in the discussion (particularly for my clients and homeowners on the North Shore of Vancouver) is some recognition that no two suburban areas are necessarily like for like. Let's use West Vancouver as an example. I believe it (being on... read more.

A Tale of Two Markets

(December 12, 2014)

http://www.mortgagebrokernews.ca/news/a-tale-of-two-markets-186256.aspx

The 2015 Housing Market Outlook Report

(December 10, 2014)

This year’s report indicates Canada’s average residential sale price is projected to increase two to three per cent in 2015.
Read it all at: http://download.remax.ca/PR/HMO2015/Report/Outlook2015Final.pdf#20389715

Canada - China Currency Hub: Good News 

(December 06, 2014)

http://www.cbc.ca/news/politics/canada-china-sign-currency-deal-aimed-at-boosting-trade-1.2828707

China Opening Up Its Financial System - What It Means

(December 06, 2014)

http://business.financialpost.com/2014/11/21/china-financial-system/

Bank of Canada Interest Rate Announcement

(December 05, 2014)

The Bank of Canada announced on December 3 that it is holding its target overnight rate at one per cent. This marks the longest period without a change in the Bank’s policy rate since the 1950s. In the statement accompanying its decision, the Bank noted that inflation has been stronger than expected in the past year, though mainly due to temporary factors. The Bank also stated that slack in the Ca... read more.