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Mortgage Bytes II

  • “My honest opinion is that if you are on a variable and you’ve been on one for a while, there’s no point in locking in at a rate that’s already gone up,” says Feisal Panjwani of Invis. “Keep floating it and keep your eye on the market. But basically don’t panic.” Vancouver Sun
  • Lumber The U.S. subprime mortgage debacle is causing somewhat of a crisis in Canada’s lumber industry.  Vancouver Sun Story
  • Vancouver’s population may hit 3 million by 2031, but is it becoming a city where only the rich can afford a home?  This Abbotsford News article suggests it is.