Movement

Happy Tuesday! It has been an exciting week in the office as it seems that consumer confidence is on the mend. With condos and town homes selling, there is some nice movement coming back into the market. There is also a little bit of movement in interest rates. Fixed rates seem to be holding stable and low and there are rumors that they may even come down slightly. Prime is stuck firmly where it is until the Bank of Canada meets again on Dec 6th. However, the discounts on variable rates are shrinking. Only a few months ago we were seeing variable rates at Prime less 0.75%, now most lenders are offering their variable rates at Prime or just slightly discounted.

With uncertainty in the market, many home owners are considering renovating rather than buying a new home. If this is something you have been considering, come out to the Greater Vancouver Home Builders Association Renovation Seminar on November 22. The details are in the article below and I will be attending as an exhibiter at the trade show from 5:30pm - 7:30pm. I would love to answer any questions you may have about using your home equity to create the renovations of your dreams.

If you don't own already, come out to the First Time Home Buyers Seminar and Tour I am co-hosting on November 20th. Learn all there is to know about buying a home and get to tour some available properties. The deadline for registrations Nov 16th. Further details are on the side panel of this newsletter.

If you have any questions or would like to learn more about how we can help you to save thousands of dollars on your mortgage every year, please let me know.

All the best!

Jamie Moi, AMP
Dominion Lending Centres - West Coast Mortgages
Your mortgage consultants for life
604-534-6504
jamiemoi@jamiemoi.com

And don't forget to check out our Facebook page at

www.facebook.com/JamieMoiMortgageTeam.