With the pandemic affecting many in different ways, the surprising consistency and growth of the Canadian housing market throughout 2020 and early 2021 has experts stunned. Though many factors play a part in this, the outcome is as expected: home prices have skyrocketed in urban centers and local markets are running red-hot! According to BNN […]
Buying a property and keeping up with the expenses can be stressful, which is why homeowners need the best mortgage rates possible. It’s not “Home Sweet Home” without a sweet mortgage! That’s why WiiBid, B.C.’s latest innovative mortgage and lending platform, helps consumers find low financing rates by using machine learning and auction technology. Consumers […]
Last year’s Nobel Prize in Economic Sciences was awarded to Paul Milgrom and Robert Wilson who have analyzed the function of auctions and have designed new auction formats that can be implemented for various platforms and products that are deemed challenging to sell traditionally. Well, what is auction theory? Auction theory is a selling model […]
When looking to secure a mortgage loan from a bank, there are several hurdles that borrowers need to leap over. This can be especially stressful combined with time-sensitive pressures – such as when trying to close a deal before another buyer swoops in with a better offer on your dream home. If the bank takes […]
Despite last years’ global pandemic, home sales in Metro Vancouver were 24.6% above the 10-year sales average for November. This dramatic increase in sales alludes to the fact that a higher number of people are applying for mortgages within the province.But the process of applying for, and securing a mortgage, doesn’t look the same for […]
You’ve probably been in this situation before: a client has gone through all the steps and decided on a property to purchase. As they are gathering all of the documents needed for the final signing, their financing falls through, leading to their down payment being lost, along with your commission.Mortgages often represent the final hurdle […]