Category: News

Canada’s “Bubbly” Housing Market Could Be Risky for Homebuyers

Canada’s “Bubbly” Housing Market Could Be Risky for Homebuyers

Canada’s real-estate market has entered a bubble with two new reports, reinforcing fears among housing experts who believe that the housing market is becoming further detached from the fundamentals. Bloomberg, the global news and data firm, generated a “Bubble Ranking”, consisting of country scores based on home buying and real-estate factors: costs of buying a […]

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6 Tips for First-Time Home Buyers in BC

6 Tips for First-Time Home Buyers in BC

Making your first home purchase in BC can be a difficult process. Having to deal with finances, fees, and the surge in home prices in the past few months altogether may lead you to feeling discouraged. According to a recent poll from the Royal Bank of Canada (RBC), more than a third (36%) of non-homeowners under 40 […]

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BC Fintech Equips Homebuyers with the Right Mortgage Tools

BC Fintech Equips Homebuyers with the Right Mortgage Tools

With the current state of BC’s red-hot real estate market, it is more important than ever for Vancouver homebuyers to have access to the right tools and to connect with the right people. And The Province provides homebuyers a glimpse into the innovative tools, technology, and open marketplace, that is WiiBid. The print article features Vikas […]

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Vancouver Fintech Company Joins Forces with BCIT

Vancouver Fintech Company Joins Forces with BCIT

  At WiiBid, we take an integrated approach to product development where inclusion, diversity, partnerships, community, and academia are key ingredients in driving innovation and relevance in the execution of our services and product offerings. Recently, we have had the pleasure of partnering with BCIT for a Business Consultant Project (BCP). Team members Anamika, Phoebe, […]

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BC Fintech Equips Homebuyers with the Right Mortgage Tools

BC Fintech Equips Homebuyers with the Right Mortgage Tools

With the current state of BC’s red-hot real estate market, it is more important than ever for Vancouver homebuyers to have access to the right tools and to connect with the right people. And Vancouver Sun provides homebuyers a glimpse into the innovative tools, technology, and open marketplace, that is WiiBid. The article features Vikas […]

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4 Key Factors to Know When Buying an Investment Property

4 Key Factors to Know When Buying an Investment Property

Real estate investment has always ranked as a top wealth generating investment approach. According to the College Investor, “Over the last two centuries, about 90 percent of the world’s millionaires have been created by investing in real estate”. Considering the competitive market with extremely high demand, unpredictable conditions related to COVID, and the unprecedented low interest rates, […]

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Avoid FOMO and Prep for BC’s Rising Markets

Avoid FOMO and Prep for BC’s Rising Markets

According to RBC economics, “the coming months could see prices accelerating further with some of the stronger increases taking place in smaller markets”. This has led to a vast number of buyers going full force in resales fueled by low interest rates, changing housing needs, high household savings, and perhaps nervousness about the increasing prices […]

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One-Stop Online Portal for the Best Mortgage Rates

One-Stop Online Portal for the Best Mortgage Rates

Compare lenders and get approved from the comfort of your own home! Richmond News features WiiBid in their new article as a one-stop shop portal for borrowers to compare lenders and get approved from the comfort of their own homes. The article first highlights the problems many Canadian’s face when trying to obtain a mortgage. […]

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New Mortgage Marketplace Disrupts Home Financing Industry

New Mortgage Marketplace Disrupts Home Financing Industry

Burnaby Now News introduces WiiBid as an innovative and disruptive mortgage marketplace in their most recent article statement this March. The piece outlines Wiibid’s overarching goal of providing easy access to the best auctioned mortgage rates, revolutionizing the home financing industry by emphasizing transparency for borrowers in such a creative way in a super competitive […]

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New Mortgage Company Puts the Power in Borrowers’ Hands

New Mortgage Company Puts the Power in Borrowers’ Hands

The Northshore News released an inciting article this March that covers WiiBid’s overarching goal of shifting the power dynamics within the mortgage industry by putting the power back in borrower’s hands. The newly released article outlines valuable statements from the company’s founder and Chief Executive Officer, Amin Eskooch who capitalizes on the lack of transparency […]

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Are Mortgage Rates Going Up In 2021?

Are Mortgage Rates Going Up In 2021?

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 […]

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The Benefits and Risks of Co-Signing for a Mortgage

The Benefits and Risks of Co-Signing for a Mortgage

Thanks to tighter mortgage qualification rules and higher-priced real estate — particularly in the greater Vancouver and Toronto areas — it’s not always easy to qualify for a mortgage on your own merits. You may very well have a great job, a decent income, a husky down payment, and perfect credit, but that still may […]

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The Explosion Of Alternative Mortgage Lending Sources

The Explosion Of Alternative Mortgage Lending Sources

The value of Canada’s non-bank residential mortgages skyrocketed by more than 10 times in the period 2007-2018, according to Statistics Canada data released last week — a much more rapid increase than residential property values. The data suggest that more and more residential mortgage consumers have been turning away from the big banks and credit unions to […]

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Facts About Alternative Mortgage Lenders

Facts About Alternative Mortgage Lenders

Everyone likes to believe that they will qualify for the best rates and terms when they start shopping for a mortgage, but this isn’t always a reality. Most residential mortgages will fit into three categories: “A” lenders – Chartered banks, credit unions, and monoline mortgage companies. These lenders offer the best rates and terms including […]

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