Mortgage rates: Good news, bad news
By Danny Kucharsky The good news is that mortgage rates are unlikely to go higher this year in Canada. The bad news is a lack of interest rate hikes indicates the Canadian economy is slowing down. So says mortgage broker David Larock, president of Integrated Mortgage Brokers...
22 February, 2019
A first-time homebuyer’s guide to Canadian government programs and incentives
James Bombales Jan 23, 2019 Whether you want to stop paying skyrocketing rental rates, start building equity, or own property that can be passed down to your children, purchasing a home is likely a long-term goal of yours. However, with rising home costs and...
30 January, 2019
Tempered Rate Hike Forecasts for 2019
Steve Huebl Floating-rate mortgage holders who had feared the Bank of Canada’s recent full-steam-ahead view towards continued rate hikes can take a breather—at least for now. The central bank adopted a more dovish stance at yesterday’s rate hold announcement, which confirmed a growing chorus of analysts who...
10 December, 2018
Bank of Canada holds key interest rate steady at 1.75%
Pete Evans · CBC News The Bank of Canada has decided to keep its benchmark interest rate unchanged while it digests the impact of its previous policy decisions and effect of drastically lower oil prices on the economy. The central bank revealed Wednesday it will keep...
10 December, 2018
Bank of Canada reveals latest interest rate decision
by Canadian Press 24 Oct 2018 The Bank Canada raises its key interest rate target by a quarter of a percentage point. The central bank's target for the overnight rate is now set at 1.75 per cent. The Bank of Canada is hiking its trend-setting interest rate...
05 November, 2018
Home sales are down 24% in BC, so how is the market still balanced?
Josh Sherman Aug 14, 2018 Stricter mortgage qualification rules that came into effect at the start of the year continued to take a bite out of home sales activity in BC for a seventh straight month, says the British Columbia Real Estate Association (BCREA). Some...
21 August, 2018
Bank of Canada makes interest rate announcement
by Canadian Press 30 May 2018 By Craig Wong OTTAWA _ The Bank of Canada kept its key interest rate target on hold Wednesday, but hinted that rate hikes could be coming as it noted the Canadian economy was a little stronger than expected in the...
04 June, 2018
Kelowna prices exhibit significant Q1 growth
by Ephraim Vecina25 Apr 2018 The latest Royal LePage House Price Survey revealed that the aggregate price of a home in Kelowna grew by 9.6% year-over-year in the first quarter of 2018, up to $632,477. Breaking down by housing type, the median price of condo units increased...
30 April, 2018
B.C. speculation tax changed to exempt Gulf Islands properties
Published on: March 27, 2018 | Last Updated: March 27, 2018 12:16 AM PDT VICTORIA — B.C. Finance Minister Carole James will exempt the Gulf Islands and cottages in rural areas from the government’s new speculation tax, part of a suite of reforms she unveiled Monday...
18 April, 2018