Buying and Selling Real Estate Blog
Selling Unique BC Properties
Michele Talks to Jamie Moi of West Coast Mortgages
On May 25th we got to be entertained and informed with some 'Fun Facts'! Did you know that some companies in China can construct a 30 story sky scraper in as little as 15 days?! Interesting but scary! Or that Brass doorknobs disinfect themselves? How about that in Scotland, homeowners paint their doors red when they pay off their mortgages? Now that is a great reason to get out the paint cans!
Michele got the pleasure of having special guest Jamie Moi of West Coast Mortgages back again to impart her wisdom as a top mortgage broker and 'Guru' on all things mortgage related. Specifically, she let us know about the First Time Home Buyers Initiative that was introduced in the Federal Liberals March Budget and how that can help first time home buyers reduce their monthly mortgage payments. She also touched on fixed rate mortgages and how they have dropped a half of a percent in the last year. Also addressed on the show was the widely talked about topic of Money Laundering and how 7.4 Billion was laundered in the B.C. housing market in 2018 alone. A total of 47 Billion being laundered across Canada. This has caused a 5% hike in home prices. To Hear more about these topics and what the government is doing about them, listen to the show by Clicking Here