Dominic Darmanin

Cell: 604-788-1476 |

A Transparency International report found that 46% of Vancouver's 100 most expensive homes are owned through shell companies, trusts and nominees affirming the suspicion of many of us in B.C. that money laundering is a major player in our local real estate market.

 

                “Of the 100 properties, 29 are held through shell companies, at least 11 are owned through nominees (listed as     students...

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The Canada Mortgage and Housing Corporation (CMHC) has issued a warning (November 17, 2016) of a possible 30% drop in home values in Canada. The headline read:

 

“CMHC says sudden rise in interest rates could cause home prices to drop 30 per cent”

 

I honestly don't understand the motivation behind issuing such a prediction and what their end game is. Why create concern, fear, anxiety and get people all stirred up?

 

If you get past the headline you will go on to read that:...

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The B.C. Government has appointed a superintendent for real estate in response to the “shady activities” of relatively few realtors primarily in Vancouver.  Mr. Michael Noseworthy's task is to restore consumer confidence in the industry which was scarred by the opportunistic and unethical  conduct of those realtors who engaged in shadow flipping. The Real Estate Council of B.C. which was the self-regulatory body responsible for dealing with shadow flipping in the first place...

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The stress and excitement of buying a home often leaves you with little time to think about much else except for dealing with the other necessities in life like working, family, paying bills etc. However, when purchasing a home your life circumstances often change which means that you should get your affairs in order at the same time. What does this involve? Here's a few very important things to think about:

 

Update Your Will: Many people don't even have a will. When buying a home or moving...

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The New Mortgage Rules Protect the Banks and Hurt the Consumer – Again!

 

The New Mortgage Rules Protect the Banks and Hurt the Consumer – Again!

 

What's really behind the new mortgage rules?

You can get the details of these new rules many places on-line. (See Dr. Sherry Cooper's article “MORNEAU TAKES OUT THE BIG GUNS TO SLOW HOUSING”. I want to discuss why I think these rules are going to be implements and how they will impact Canadians.

Apparently this is an official...

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