#construction mortgages in Abbotsford

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Expert Mortgage Brokers in Abbotsford for Farm, Construction, and Investment Solutions

Looking for professional mortgage solutions in Abbotsford? Sandhu & Sran Mortgages is your trusted partner for all financing needs. As leading farm mortgage brokers in Abbotsford, we help secure competitive rates for agricultural financing. Our home construction financing services in Abbotsford simplify building or renovating your dream home. Need flexible funding? We provide tailored home equity line services in Abbotsford and connect you with private mortgage investors for personalized lending solutions. Whether you're exploring investment property mortgages or require residential construction mortgages in Abbotsford, our expert team ensures smooth approvals and competitive terms. We also specialize in commercial mortgage lending, offering tailored options for business growth. Trust us for expert advice and a hassle-free mortgage process in Abbotsford. Contact Sandhu & Sran Mortgages today!

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Save Money on Construction Equipment Leasing With Sandhu & Sran

Want to improve the quality and productivity of your construction business? If yes, our financing experts at Sandhu & Sran Mortgages know how to save you from the financial burden of buying the latest construction equipment by providing it on lease. We are a leading equipment leasing and financing company in Abbotsford, assisting construction business owners in securing the best equipment at the lowest lease price

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Navigating Your Path to Homeownership with Sandhu & Sran Mortgages

Are you dreaming of owning your first home in the beautiful communities of Abbotsford or Surrey? Or perhaps you're considering a commercial property venture in these bustling cities? Look no further than Sandhu & Sran Mortgages – your trusted partners in making your real estate aspirations a reality.

First Time Home Buyer Services: Your Key to Unlocking the Door to Your Dream Home

Purchasing your first home is an exciting milestone, but it can also be a daunting process. Sandhu & Sran Mortgages is here to guide you every step of the way. Our experienced mortgage specialists understand the unique needs of first-time homebuyers and will assist you in finding the perfect mortgage solution tailored to your financial situation.

Renewal or Transfer: Seamlessly Transition to New Mortgage Terms

Is your current mortgage term coming to an end? Sandhu & Sran Mortgages can help you navigate the renewal or transfer process. We work diligently to secure competitive rates and terms that align with your financial goals, ensuring a smooth transition without unnecessary stress.

Commercial Mortgage Expertise: Fuel Your Business Ventures

For entrepreneurs and business owners, Sandhu & Sran Mortgages offers specialized commercial mortgage services. Whether you're expanding your business, acquiring a new property, or refinancing an existing one, our team possesses the knowledge and connections to secure the financing you need to drive your business forward.

Construction Mortgage Solutions: Building the Future You Envision

Embarking on a construction project requires a unique financial approach. Our experts at Sandhu & Sran Mortgages specialize in construction mortgages, helping you secure the necessary funds to bring your vision to life. From residential developments to commercial spaces, we're committed to supporting your construction endeavors.

Why Choose Sandhu & Sran Mortgages?

Local Expertise: As active members of the Abbotsford and Surrey communities, we understand the local real estate market dynamics, giving us a competitive edge in finding the best mortgage solutions for you.

Personalized Approach: We recognize that every client's financial situation is unique. Our personalized approach ensures that you receive tailored advice and solutions that align with your goals.

Vast Network: With strong relationships with lenders and financial institutions, we have access to a wide range of mortgage options, enabling us to secure favorable terms on your behalf.

Transparent Communication: At Sandhu & Sran Mortgages, transparency is a cornerstone of our service. We keep you informed at every step of the process, ensuring you understand the details of your mortgage arrangement.

Your Journey Starts Here

Whether you're a first-time homebuyer, a business owner, or a visionary builder, Sandhu & Sran Mortgages is your dedicated partner in achieving your real estate dreams in Abbotsford and Surrey. Our commitment to exceptional service, combined with our in-depth expertise, sets us apart as your trusted mortgage advisors. Begin your journey to homeownership, financial growth, or construction success today. Contact Sandhu & Sran Mortgages to explore your options and take the first step toward a brighter future.

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Get a great deal on construction loans in Abbotsford from a professional mortgage consultant. Satbir Bhullar is always here for their customers and gives the best solution that is suitable for customers. Contact us for construction loans in Abbotsford.

[jamiehooper]

October 2019 Vancouver Real Estate Statistics

Jamie Hooper Real Estate Agent

In this week’s video Jamie takes a look at the Vancouver Real Estate Statistics for October 2019.

Everything you need to know about Vancouver’s  Real Estate Market – 

Click Here if you would you like to get the Vancouver Real Estate Statistics emailed to you every month? 

Below is a Video Transcription

Today we are going to talk about and answer the question, has the Greater Vancouver Real Estate market hit the bottom and is it on the way back up?

The October sales statistics have come in and they have shown October as being the busiest month of the year. Over 2,800 sales were recorded in the Lower Mainland in October, which is a big (22%) increase over September. It is a 45% increase over last October. October has been the busiest month of the year, which is kind of unusual.

The usual business pattern in Greater Vancouver has spring being the busiest time, from March 1st to say June 15th. That is typically when you will see the most sales happen. Then it slows down in July and August, and is usually busy again through the fall.

The market pattern over the last 12 months has been completely different. We were in a buyers market from November 2018 to April of 2019. For 6 months it was a pretty strong buyers market. From May through to September it kind of shifted out to a balanced market territory where there is an equal amount of buyers and sellers. If October holds strong, we are in a seller’s market again in a majority of the markets in the Lower Mainland.

So, what is causing this turnaround? Well, I am not an economist, and quite frankly I am surprised that this market is coming back at this time of year. What we can attribute it to is firstly, population growth and secondly, a housing shortage. There are 40,000 people that come to the Lower Mainland each year. Just going back to Expo in 1986, the population of the Lower Mainland was about 1.4 million people. By 2000 it was 2 million people and today we are pretty close to 2.8 million people.

By 2040 they say there are going to be 4 million people here. The city is landlocked. You cannot go south because of the United States; you cannot go west because of the Pacific Ocean, and you can’t go north because of the mountains. That used to only leave going east, but there are not many building lots as far as Abbotsford as much of the available land has been developed. That is why you see a lot of construction going up in the air. We can all talk about how we don’t like it and that Vancouver is changing, but that is just the way it is.

One thing I have noticed about the sales on the Westside of Vancouver for the past several months is that 75-80% of them have been below 2.75 million. In October, almost 50% of the sales were over 4 million. Over 30 properties sold for over 4 million. We haven’t seen that since before 2016 when the foreign buyer’s tax came in. Does this mean that we’ve got some people from Hong Kong coming in and buying up these expensive homes? I don’t know, but that was the first thing that came to my mind.

Also, inventories are decreasing. So when there is less selection, typically that causes a little more of a swing in the prices. From November through April we saw prices continuing to come down. From May to September, we saw them kind of levelling out. In October we actually saw them starting to creep up in a few markets.

Pent up demand may be another reason why the markets are getting busier. People haven’t been scooping up real estate as they have in the previous years. Low mortgage rates could also be a reason. You can get a 5-year mortgage rate at 2.5% for a fixed rate today.

Where is the market is going for the next 6 months? it will be interesting to monitor and see if November comes back strong again (which is a month where it typically starts to ease down into the Christmas time).

Buying or Selling a home in the Greater Vancouver Area contact Jamie Hooper and his team at https://jamiehooper.com | Vancouver Real Estate

The post October 2019 Vancouver Real Estate Statistics appeared first at Jamie Hooper

[jamesgeiiger]

‘Subdued’ housing market predicted in B.C. through 2021: Central 1 Credit Union

VANCOUVER — A financial services institution is forecasting an ongoing slowdown in British Columbia’s housing market, one day after the Canadian Real Estate Association predicted home sales will continue to dip in the province next year.

Central 1 Credit Union, which provides services to more than 300 credit unions across Canada, says in its housing forecast for 2018 to 2021 that B.C. experienced a “mild provincial housing recession” this year.

The report released Tuesday points to the federal government’s mortgage stress test, higher interest rates and various provincial policy measures for the downturn and predicts “rising but subdued sales” over the next three years, with little movement in median home prices.

Bryan Yu, Central 1’s deputy chief economist, says builders have noted the shift and the result is a sharp drop in housing starts since September, especially in urban areas.

He says starts in B.C. are predicted to fall to about 32,000 units in each of the next two years after nearly 40,000 units were under construction this year and 43,500 in 2017.

But the update also predicts positive housing market outlooks in some areas including Vancouver Island, where retirees fuel the market, and in northern B.C. as demand is boosted by a liquefied natural gas project and associated pipelines.

As work ramps up on the $40 billion LNG Canada project in and around Kitimat, Central 1 says housing markets in the north are forecast to outperform those in southern B.C., which were hit the hardest this year.

“Sales in B.C.’s combined metro markets of Vancouver, Abbotsford-Mission, Kelowna and Victoria are down 40 per cent compared with the end of 2017, led by the Lower Mainland markets,” Yu says in a news release.

The report shows annual resale home transactions plunged 17 per cent in 2018 and median resale prices slipped two per cent to $520,000.

“Gone are the days of rapid price escalation,” says Yu.

Negative growth in residential investment will drag on the broader B.C. economy, but the Central 1 update says the effect should be blunted by ongoing consumer demand linked to the lowest unemployment rate in Canada, high job vacancy rates, wage gains and population growth.

‘Subdued’ housing market predicted in B.C. through 2021: Central 1 Credit Union published first on https://worldwideinvestforum.tumblr.com/

[mikemortgage]

‘Subdued’ housing market predicted in B.C. through 2021: Central 1 Credit Union

VANCOUVER — Another dismal forecast for British Columbia’s housing market, one day after the Canadian Real Estate Associate predicted home sales will continue to dip in the province next year.

Central One Credit Union, which provides services to more than 300 credit unions across Canada, says in its housing forecast for 2018 to 2021 that B.C. experienced a “mild provincial housing recession” this year.

The report points to the federal government’s mortgage stress test, higher interest rates and various provincial policy measures for the downturn and predicts “rising but subdued sales” over the next three years, with little movement in median home prices.

Bryan Yu, Central 1’s deputy chief economist, says builders have noted the shift and the result is a sharp drop in housing starts since September, especially in urban areas.

He says starts in B.C. are predicted to fall to about 32,000 units in each of the next two years after nearly 40,000 units were under construction this year and 43,500 in 2017.

But the update also predicts positive housing market outlooks in some areas, including Vancouver Island, where retirees fuel the market, and in Northern B.C., where demand is boosted by a liquefied natural gas project and associated pipelines.

As work ramps up on the $40-billion LNG Canada project in and around Kitimat, Central 1 says housing markets in the north are forecast to outperform those in southern B.C., which were hit the hardest this year.

“Sales in B.C.’s combined metro markets of Vancouver, Abbotsford-Mission, Kelowna and Victoria are down 40 per cent compared with the end of 2017, led by the Lower Mainland markets,” Yu says in a news release.

The report shows annual resale home transactions plunged 17 per cent in 2018 and median resale prices slipped two per cent to $520,000.

“Gone are the days of rapid price escalation,” says Yu.

Negative growth in residential investment will drag on the broader B.C. economy, but the Central 1 update says the effect should be blunted by ongoing consumer demand linked to the lowest unemployment rate in Canada, high job vacancy rates, wage gains and population growth.

from Financial Post https://ift.tt/2BrVV0j via IFTTT Blogger Mortgage Tumblr Mortgage Evernote Mortgage Wordpress Mortgage href="https://www.diigo.com/user/gelsi11">Diigo Mortgage

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Bad Credit? Discover Your Mortgage Options with Sandhu & Sran Mortgages

Navigating the mortgage process with bad credit can be daunting, but Sandhu & Sran Mortgages is here to help. As trusted Abbotsford mortgage brokers, we specialize in securing mortgages for first-time homebuyers and individuals with low credit scores. Whether you need a residential or commercial mortgage, our team works with banks, private lenders, and financial institutions to find the best solution for your needs. We offer personalized services, including first home mortgages, credit rebuilding strategies, and guidance for larger down payments or higher risk factors. Serving Abbotsford, Surrey, Calgary, and Edmonton, we ensure seamless approval even for complex applications. Contact us today to explore your mortgage options!

[yashin999-blog]

Perry Askounis is a professional mortgage broker offering service in Residential & Commercial sector for things like Purchases, Refinances, Construction mortgages, Foreclosure resolutions, Construction project cost overruns, Land and Subdivision projects etc. Service area includes Vancouver, Burnaby, Surrey, Abbotsford, Chilliwack, Coquitlam, Richmond, Mission, Maple Ridge, Sechelt, Victoria, Nanaimo, Kelowna, Cranbrook and Halfmoon Bay, British Columbia.

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4 Smart Ways to Get Approved for a Mortgage – Expert Tips from Top Mortgage Brokers

Struggling to qualify for a mortgage due to low income or a new business? Discover 4 smart ways to get mortgage approval with help from Sandhu & Sran Mortgages. Use contributory income from family members or gig work, leverage your liquid assets like cash or RRSPs, and showcase future income from pensions, child support, or professional salary growth. You can also count on future assets, like proceeds from a home sale or trust funds, to boost eligibility. Our expert Abbotsford mortgage brokers work with 30+ lenders to help you secure residential, commercial, or alternative loans. Get personalized guidance and explore flexible approval options today with Sandhu & Sran Mortgages!

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Expert Mortgage Specialists – Get the Best Deals & Guidance

Looking for experienced mortgage specialists to guide you through the mortgage process? Sandhu & Sran Mortgages offers expert mortgage services tailored to your unique financial needs. Our trusted mortgage consultants provide personalized advice and access to competitive rates from top mortgage lenders. We work closely with clients to ensure smooth approvals and flexible repayment terms. Whether you’re a first-time buyer, refinancing, or seeking better rates, our professional mortgage broker team is here to help. Contact us today for reliable mortgage services and secure the best deal for your dream home!

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6 Essential Tips for Applying for a Residential Mortgage in Abbotsford

Planning to apply for a residential mortgage in Abbotsford? Follow these 6 essential tips to boost your chances of approval. Start by checking your credit report to ensure accuracy, as lenders prioritize credit scores. Be realistic about your budget and explore financing options like fixed or adjustable-rate mortgages. Understand how lenders assess your credit to determine loan amounts and rates. A larger down payment provides better mortgage options, while prepayment penalties should also be considered. For expert guidance, rely on Sandhu & Sran Mortgages – your trusted Abbotsford mortgage brokers for home buying, refinancing, and mortgage transfers. Contact us today!

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Benefits of Construction Financing for Builders & Contractors | Construction Finance in Abbotsford

Are you a builder planning to start a new construction project? Want to apply a construction loan to deal with supplier costs, labor market charges, material pricing, and technology improvements. If yes, getting construction finance in Abbotsford can save you from financial burden that comes up with a new project. Having strategic finance and financial flexibility are critical to long-term success, especially in the construction sector. In this blog, we’ll go through some of the key advantages of construction financing for contractors and builders.

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If a prospective borrower is unable to get approved for a mortgage through a bank or a conventional mortgage lender, obtaining the funds they need may be possible with a private mortgage. Traditional lenders, such as trust firms, banks, and credit unions are referred to as A or B lenders who provide a low rate for a better credit score and income. There are many potential homebuyers who mortgage applications are not approved by banks or other institutional lenders, due to unforeseen circumstances, including rising property prices, high unemployment, and the stress test. With private mortgages, borrowers get the opportunity to realize their dream of homeownership or refinancing their mortgage, even if they are declared ineligible by the banks and other conventional lending organizations.