As a BC mortgage broker I wonder how we got into this mess and what the future will hold. Now I know the answer and the solution to our problems.

The writer is a BC mortgage broker with an strong interest in all areas of mortgage financing in Canada.
The deficits piled up by the current government will have the result of a taxation tsunami.

We have just come off one of the most prosperous periods in Canadian economic history. During this period provincial governments were closing schools and rationing healthcare.

Now this…a financial meltdown and huge government deficits.

The people will wonder were the services they thought they were paying for went. And through all of this governments will be looking to feed the beast that consumes tax dollars.

Canadians need to consider tax avoidance strategies to ensure that they keep more of their money. I am not suggesting they subscribe to those schemes posing as tax shelters for investors to write off income against their taxes.

There is a crucial difference between tax evasion and tax avoidance. The difference is often clouded by these promoters whose mantra of saving taxes appeals to the greed and naivety of the investors.

The Canada Revenue Agency eventually catches up to them. Disallowing all of their deductions and sending out the tax bill that could drive them into bankruptcy.

Tax evasion is illegal. Tax avoidance is not. Try and hide your money…they will find it. Buy something for a tax break…the CRA will disallow it.

The next five years will prove to be crucial for Canadians to consider tax planning as part of a necessary tax avoidance strategy. And for most Canadians their mortgage represents their largest investment.

But mortgages are not tax deductable in Canada…or are they. A tax deductible mortgages can be achieved.

The writer of this blog is a BC mortgage broker. The intent of the writer is to provide a multifaceted look at real estate and its impact on the people of BC.

I was reading the online newspaper The Tyee and came across this article. The articles position is simple – You can’t trust the business pages of the newspaper because the editors and writers are in the thrall of the advertisers.

Normally, an article of this slant in a left wing paper would not arouse the sense of alarm I have been feeling lately about the impartiality of the business press. My nose tells me the focus of the business press is serving the wishes of its advertisers rather then providing balanced reporting.

Here is the rub, most of the information we receive concerning the real estate market is from the business press.

I recall when no editor of general or business news would give reporters the opportunity to write about the growing problem of “leaky condos” due to the fear of angering their major RE advertisers. The local press failed the public on that issue and as a result hundreds of homeowners were thrown into bankruptcy. It is a problem that continues to plague condo owners to this day.

The lesson in all of this is to be careful about considering the source of your information. Balance your information sources before you make a financial commitment.

Thats all for today.

Vancouver mortgage broker are not all the same. As a mortgage broker vancouver and a writer, the author has a deep insight into the BC mortgage market. Check out his BC mortgage rates at his blog.

The following video is an economic projection of were the market is headed. The real estate view is excellent and well balanced. Clearly, there is going to be an economic restructing due to demographic and manufacturing changes in Canada. How do you position yourself to take advantage of these changes. This video should help.

A brokers mortgage in canada can fine tune the mortgage product for you. An expert mortgage broker is essential to understand your Vancouver mortgage options.

The writer is a passionate observer of the Vancouver mortgage scene. He is a TMG mortgage broker in Vancouver with a focus on bad credit mortgage refinance. The shift in the market has allowed him to help people link up with bad credit mortgage lenders.

The economist who says that BC housing wouldn’t decline is forecasting a new high in BC RE values in this Vancouver Sun article.

Affordability in BC RE is a significant issue. The long term trend on rates indicates that five year fixed rates (the favorite in BC ) are expected to increase in the next couple of years. This would indicate that prices will moderate or decline in the next couple of years. Especially, when the affordability in BC is out of wack.

Or maybe we should buy a fur coat and fuzzy hat and enjoy the ride.

BC mortgage brokers are not all the same. As a BC mortgage broker and a writer, the author has a deep insight into the BC mortgage market. Check out his BC mortgage rates at his blog.