General Larry Heran 4 Jan
Lately, I’ve been getting a lot of questions from clients wondering why Canadian Fixed Rates aren’t budging, even though the Bank of Canada keeps dropping rates. I get it — it can be frustrating to see Canadian variable rates moving down while Canadian Fixed Rates seem stuck. After the first and second rate drops, Canadian […]
Read MoreGeneral Larry Heran 2 Jan
The Canadian mortgage market is currently experiencing a dynamic shift. After a period dominated by the three-year fixed rate, the variable rate mortgage is making a strong comeback. With the Bank of Canada prime rate currently at 5.45%, variable rate mortgages have become incredibly competitive, offering significant potential savings for borrowers. The Dilemma: Variable vs. […]
Read MoreGeneral Larry Heran 2 Jan
Hello, I’m Larry Heran, and as the owner of City Centre Mortgages, based right here in the centre of the south in South Surrey, I always make it a priority to keep my clients informed about the local housing market in Surrey. The Surrey real estate market directly impacts your home buying decisions, and understanding […]
Read MoreGeneral Larry Heran 2 Jan
Introduction: The Canadian government’s recent decision to significantly reduce immigration targets for the next three years is poised to have a profound impact on the nation’s economy, including the housing market and the mortgage industry. This policy shift, aimed at “pausing population growth,” will undoubtedly have far-reaching consequences for Canadians across the country. This article […]
Read MoreGeneral Larry Heran 2 Jan
Over the past few years, Canada has experienced another major real estate boom—much like the record-breaking growth seen in 2016. This time, the surge in home values was driven by the pandemic, with low interest rates and increased demand pushing property prices higher across the country. As someone who’s been in the mortgage industry since […]
Read MoreLatest News Larry Heran 2 Jan
The BC housing market has been on a wild ride since 2019, and this time the pandemic was the unexpected driver behind skyrocketing property values. It feels a lot like the 2016 boom when Vancouver and surrounding areas saw record-breaking appreciation—but this time, the growth extended across the province. As someone who’s spent over a […]
Read MoreGeneral Larry Heran 30 Jan
First Time Home Buyers Your First Home. What a THRILLING thing that is to think about!! One of the best parts about our job is helping individuals purchase their first home. We know that the process can seem daunting at first, but we have an in-depth understanding and knowledge of what steps are required to […]
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