Bank of Canada Raises Interest Rates for the fourth time in 12 Months
Bank of Canada has raised their overnight rate by 0.25%, bringing it to 1.50%. Which for most lenders will likely increase their Prime...
Top 12 Things to take away from the 2018 BC Government Budget Review
After the 2018 Budget review the BC Government announced the following changes related to Housing Speculation Tax Starting this year, the...
Bank of Canada raises interest rates for the third time in 6 Months!
Bank of Canada has raised their overnight rate by 0.25%, bringing it to 1.25%. Which for most lenders will likely increase their Prime...
Tighter Qualifications coming Jan 1, 2018!!
Qualifying for a mortgage will be much harder as one will be required to qualify at a higher rate than the actual contract rate...
Bank of Canada raises interest rates for second time this year
Bank of Canada has raised their overnight rate by 0.25%, bringing it to 1.00%. Which for most lenders will increase their Prime rate to...
Qualifying Benchmark Rate Increases
The purpose of using a benchmark rate when qualifying for a mortgage is to ensure that one can still manage their mortgage payments if...
Guidelines on putting together a Rent-to-Own Agreement
Its important to have a Rent-to-own setup correctly at the beginning for the best chance of approval when it comes time to complete the...
Bank of Canada raises interest rates for first time in 7 years
Peter Kinch does a great job of explaining this further Bank of Canada has raised their overnight rate by 0.25%, bringing it to 0.75%....
Increase on Maximum Purchase Price for the Property Transfer Tax Exemption | First Time Buyers
To address housing affordability, the B.C. government announced in its budget for 2017 that it will be increasing the threshold of the...
CMHC to Increase Mortgage Insurance Premiums
CMHC is increasing its homeowner mortgage loan insurance premiums Effective March 17, 2017 For the average CMHC-insured homebuyer, the...