Continuing the notable trend witnessed this year, the benchmark price for all home types in Metro Vancouver experienced further growth in June. The region’s home buyer demand intensified, causing a collision with a scarcity of available homes for sale. The outcome? Rising prices and a market that continues to exceed expectations across all segments.
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Why Downpayment Source Matters
If you’re looking to purchase a property, although you might not think it matters too much, the source of your downpayment means a great deal to the lender. Let’s discuss the lender requirements, what your downpayment tells the lender about your financial situation, a how downpayment helps establish the mortgage loan to value.
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