Budget 2022 reflects the choices government is making that are needed to build a stronger B.C. and make life better for people, by investing in B.C.’s economic, environmental and social strengths. Budget 2022 supports bold actions to fight climate change and to protect people and communities from climate-related disasters. In addition, the budget helps with […]

Inflation Ticked Up Again in January StatsCanada today reported that consumer price inflation rose to 5.1% from year-ago levels in January, compared to 4.8% in December. This was higher than expected but still well below US inflation posted at 7.5% for the same period. Undoubtedly, this puts additional pressure on the Bank of Canada to […]

Recently, Angela was invited to speak on The Jill Bennett Show in light of the recent Bank of Canada announcement. We can breathe a sigh of relief as there was no rise in interest rates. But that’s not to say we shouldn’t stay vigilant. The rates are sure to increase this year, and this means […]

No Wonder The Bank of Canada Didn’t Hike Interest Rates Last Month Statistics Canada released the January Labour Force Survey this morning, reporting a much more extensive than expected decline in jobs last month. The Omicron shutdowns and restrictions took a much larger toll in Canada than expected, as employment fell 200,100 in January and […]

Bank Will Hike Rates At Next Meeting While markets were 70% certain the Bank would hike their overnight target rate today, we remained of the view that the Governing Council would hold off until March or April because of the slowdown in first-quarter growth arising from the Omicron restrictions. The Bank announced today that economic […]

The Bank of Canada has made their announcement to keep interest rates the same today, but we fully expect them to increase later this year. For some, this may be an opportunity for locking in your mortgage. With the current inflationary pressures, it’s very common to consider if you should lock in your variable rate […]

In this current ultra-low interest rate environment, I thought it would be a good time to remind those of you with variable-rate mortgages and balances on your lines of credit to take advantage of your current low payments NOW so that you can prepare for if or when rates begin to rise. With rates being […]

The Bank of Canada has made their announcement today to keep interest rates the same. However, it is likely that the rate will increase in the next announcement in March and most certainly this year overall. This is largely in part because of the lower economic activity during the pandemic, we are still below pre-pandemic numbers. […]

B.C.’s Home Owner Grant threshold is set at $1.975 million for 2022, ensuring 92% of residential properties are covered by the grant that lowers the amount of property taxes people pay on their principal residence. Homeowners in Metro Vancouver and the Fraser Valley and Capital Regional districts may be eligible for as much as $570 for […]