In light of the recent Bank of Canada announcement, raising the interest on variable rate mortgages by 0.5%, we wanted to take the initiative prior to the next expected ones to provide the knowledge on how to find the available options of locking in your variable rate, should this be something you are considering. It’s […]

Holy Smokes! Canadian Inflation Is At 6.7% StatsCanada today reported that consumer prices rose a whopping 6.7% year-over-year in March, a full percentage point above the 5.7% reading the month before. Market-driven interest rates shot up on the news as the prospects increase for another half-point rise in the overnight rate when the Bank of […]

Canadian March Home Sales Posted Their Biggest Decline Since June Statistics released today by the Canadian Real Estate Association (CREA) show that rising interest rates were already dampening housing activity well before the Bank of Canada’s jumbo spike in the key policy rate in mid-April. National home sales fell back by 5.4% on a month-over-month […]

The Bank of Canada will be raising interest rates on variable-rate mortgages by 0.5%. What this means is that your monthly payments will increase by $26 per $100,000 on your mortgage if you are on a variable rate mortgage. Here is the Bank of Canada statement. This comes as no surprise as Canadian inflation has […]

Deputy Prime Minister and Minister of Finance the Honourable Chrystia Freeland tabled the Government’s Budget on April 7, 2022. Highlights of the 2022 Budget include: Initiatives to support housing affordability Tax incentives to support small businesses Measures to address tax avoidance and aggressive tax planning Various international and cross-border tax measures Additional tax on financial […]

The federal budget promises $10 billion to make housing more affordable. Measures include tax credits for a variety of items, but the big ones, at least to me are: A two-year ban on foreign buyers Sales taxes on assignment sales No principal residence exemption for properties bought and sold within 12 months Multigenerational Home Renovation […]

Affordable Housing Is A Key Theme In Federal Budget 2022 Today’s budget announced a $10 billion package of proposals intended to reduce the cost of housing in Canada (see box below). The fundamental problem is insufficient supply to meet the demands of a rapidly growing population base. Thanks to the federal government’s policy to rapidly increase immigration […]

When it comes to shopping for your perfect home, it can be hard to find the exact one ready to go! In fact, most homes come with flaws of a sort whether it is old paint or flooring, outdated fixtures or perhaps more extensive repairs are needed. While some buyers have no issues dealing with […]

Spring is a great time to consider doing an annual mortgage check-in! Organizing a quick mortgage review each year can help provide peace of mind and ensure you’re on-track your future goals while still ensuring you’re able to manage the monthly payments With interest rates on the rise, a mortgage check-up is a great opportunity […]

Record low mortgage rates have played a significant role in driving housing market activity during the COVID-19 pandemic. With inflation on the rise and the pandemic hopefully nearing a conclusion, mortgage rates have begun to increase. Angela was asked three questions by the Real Estate Board of Greater Vancouver about what she’s seeing in the […]