Blog - Craig Doherty

Getting Easier to Borrow with a Secondary Suite...

(July 28, 2015)

The rules around the income from rental units considered in home loan applications submitted to the CMHC are changing.

The agency announced Monday that, from September 28, it will allow 100 per cent of the rental income from a unit to be considered for new loan applications submitted to it for mortgage insurance.

That means that a secondary rentals suite’s income, minus costs including property taxe... read more.

Historic Low Interest Rates! Why? What does it mean?

(July 22, 2015)

The Bank of Canada announced July 15 that it is lowering its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.What Will It Mean for Variable and Fixed Rates?
How will the BoC’s latest rate cut affect variable mortgage rates?When the BoC lowers its overnight rate, lenders normally... read more.

The Talking Points In Every Vancouver Real Estate Conversation 

(July 19, 2015)

I recently mailed a marketing flyer to homeowners in West Vancouver. It spoke of how I would market their homes to engage with Chinese buyers in order to maximize the sale price for the homeowner. My Chinese buyer agent translated portions into Mandarin. A week later I received my flyer returned in the mail with a yellow sticky note with the word "Offensive!" written on it. Nothing more.

Along the... read more.

What is the Chinese QDII2 Overseas Investment Scheme and What It Means for Canada

(July 05, 2015)

China will soon launch a new pilot scheme in six cities allowing individuals to invest directly overseas, the official Securities Times reported on Tuesday, potentially unleashing billions of dollars in Chinese savings on global stock and bond markets.

The Qualified Domestic Individual Investor program, commonly known as QDII2, is the second iteration of a scheme whose first version was limited to... read more.

China's Open Markets Mean Half A Trillion Dollars In New Liquidity*

(July 05, 2015)

Think back to the days of the commodity boom. Real early. Like 1999. Investment gurus like Jim Rogers spoke about what will happen to raw materials prices — from iron ore to soybeans — when half the population of China goes from eating a pound of chicken a week, to two pounds. Or when China goes from building one building a week, to the equivalent of about one city every year.Something similar is... read more.