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Archives | Scott Dawson
(778) 668-9320 [email protected]

News Wrap

Canada’s hot economy tops forecasts The Canadian economy expanded by a stronger-than-expected 6.1 per cent in the first quarter, the biggest increase in a decade, boosted by a hot housing market and consumer spending. Read more TSX, dollar up on strong GDP report A...

News Wrap

Canada won’t fall victim to foreclosure wave Canada’s housing market won’t fall victim to the type of foreclosure wave the United States saw, according to a new report by debt-rating firm DBRS Ltd. Read more The pros and cons of hybrid mortgages Last...

GST/HST New Housing Rebate

From July 1, 2010, new home sales in Ontario and BC will be subject to the new Harmonized Sales Tax (HST). In Ontario, the existing 8% Provincial Sales Tax (PST) and 5% federal Goods and Services Tax (GST) will be combined to create the 13% HST. In BC, the existing 7%...

News Wrap

Housing starts to rise: CMHC Canadian housing construction starts are expected to stabilize in coming years, following an even stronger rebound in 2010 than previously forecast, according to a new CMHC outlook issued Wednesday Read More Dollar tumbles almost a penny...

Testimonial Sean R. (Client)

“Working with Scott was great, he made the process of finding a good mortgage option and rate really easy. We used to deal directly with my bank and always got the feeling that we probably weren’t getting the best deal but at the same time found it very...

Sean R. (Client)

Working with Scott was great, he made the process of finding a good mortgage option and rate really easy. We used to deal directly with my bank and always got the feeling that we probably weren’t getting the best deal but at the same time found it very time...

Laneway Housing Takes Form in Vancouver

GlobalTV BC’s Sophie Lui shows off an innovative new laneway home which is only 700 sq ft, but stylish and comfortable. It’s also detached, somewhat affordable, and turning a lot of heads. You can thank Vancouver’s EcoDensity initiative for bringing...
Low-Rate, No-frills Mortgages

Low-Rate, No-frills Mortgages

While many people are initially attracted to a mortgage rate that’s 10 bps or more below other rates in the market, many clients don’t realize that those low rates typically signal a no-frills product that comes with significant limitations on what the borrower...

Bank of Canada Qualifying Rate Now 6.25%

In accordance with the new CMHC mortgage changes, at 12:01 AM EST today, the benchmark qualifying rate for insured high-ratio mortgages is 6.25%. Clients will now have to qualify based on the 6.25% interest rate if they want to choose a variable or a 1- to 4-year...