Probably no secret that I am a fan of Sagen Mortgage Insurance, the HOAP program has helped many of my clients during hard times. House fires, floods, divorce, you name it. They were the first competitor to CMHC and that helped reduce premiums for all Canadians. Sagen released last week that they would allow extending […]

BC’s government introduced new legislation Monday to tackle the housing crisis under recently sworn-in Premier David Eby. Among the proposed new rules is a prohibition on strata rules against renting, meant to free up 300,000 units in stratas that forbid renting. “It is simply unacceptable that in British Columbia someone is searching for a home […]

Bank of Canada will not be happy with this inflation report Not only did the headline CPI inflation rate stall at 6.9% last month, but the core CPI numbers remain stubbornly high. Food inflation–a highly visible component–edged down slightly. Still, prices for food purchased from stores (+11.0%) continued to increase faster year over year than the […]

As outlined in the City of Burnaby’s housing strategy, laneway homes are smaller additional homes built in the backyard of the main house, facing the road and running behind the property. A draft program recommendations report is slated to be presented in late 2022 and subject to council approval, residents will be able to apply […]

With the changing of the seasons, it can be a good time to take stock of your home and ensure you are ready for the colder weather. To help you feel more comfortable, save on bills and prevent future repair costs, there are some simple things you can do to prepare for the coming season. […]

We had lots of media coverage yesterday regarding the Bank of Canada’s 6th interest rate hike this year, bringing prime up to 5.95% for most banks. Watch our segment with Global BC and CBC News on our latest blog post HERE Angela Calla is an 18-year award-winning woman of influence which sets her apart from […]

Having the biggest and best home on the block sounds great – but not if it is at the expense of your life and monthly finances! Be smart about your budget and avoid buying a home at the very top of your pre-approval value, which might lead to cash flow issues and being “house poor” […]

Are you waiting to purchase your first home? There is good news on the horizon. There is a new type of tax-free savings account for first-time home buyers (FTHB) launching in 2023!FTHB’s will be able to contribute $8000 per year to the account and receive a tax deduction for the contributions (much like an RRSP account). The […]

The Bank of Canada slowed the pace of monetary tightening The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 50 basis points today to 3.75% and signalled that the policy rate would rise further. The Bank is also continuing its policy of quantitative tightening (QT), reducing its holdings […]

The Bank of Canada announced its 6th rate hike of the year this morning in an attempt to reach its target inflation rate of 2%. Prime rate now sits at 5.95% for most banks. In September, the inflation rate was recorded as 6.9%, causing prices of food and other necessary costs to increase. The Bank […]