General Angela Calla 8 Oct
A new study from Royal LePage has found that homeowners who can afford 20% down payments are much better off in the long run than renters. In fact, buying a home in Canada with an uninsured mortgage puts homeowners ahead of renters in 91% of cases analyzed. “Canadians strongly value homeownership for many reasons. […]
Read MoreGeneral Angela Calla 4 Oct
BC experienced the largest net gain in interprovincial migration in the 12-month period ending June 30, 2021, which just so happens to be the largest wave of migrations in the last 28 years. This was fueled by a remote work culture that has become the norm in all relevant industries. Interprovincial migration (the difference between […]
Read MoreGeneral Angela Calla 4 Oct
The 2021 federal election is now in the books and while it did little to shake-up political power, it did bring the issue of housing affordability to the forefront and plenty of promises were made. We will have to wait on whether or not any of them come to fruition, but here is a rundown […]
Read MoreGeneral Angela Calla 4 Oct
News Provided By Royal LePage Real Estate Services Sep, 28, 2021 Home ownership remains a top priority for many Canadians. While buying a home is seen as a milestone and can improve your quality of life, most are hoping that their purchase will also be a sound financial decision. A recent study1 has found that, for […]
Read MoreGeneral Angela Calla 23 Sep
The Tri-Cities Chamber of Commerce Business Excellence Awards.Facebook/Tri-Cities Chamber of Commerce Do you know of a business or businessperson that deserves recognition for their perseverance and dedication? It’s undoubtedly been another trying season for businesses — big, medium or small — in the region with the COVID-19 pandemic, but the Tri-Cities Chamber of Commerce (TCCC) is hoping to honour those […]
Read MoreGeneral Angela Calla 16 Sep
The Liberals have clarified what they’ll do for the Canadian Housing Market in a recent campaign. The Party releases an aggressive housing plan faceted to combat other Party’s aggressive housing plans. Trudeau promises a number of notable things, Billions of dollars in new funding, measures to curb the practice of “flipping” homes Efforts to block […]
Read MoreGeneral Angela Calla 15 Sep
B.C.’s maximum allowable rent increase amount for 2022 is being set at 1.5%, based on inflation. This increase cannot take effect prior to Jan. 1, 2022. If landlords choose to increase rent, they must provide a full three months’ notice to tenants using the correct notice of rent increase form. To support British Columbians, the […]
Read MoreGeneral Angela Calla 8 Sep
There’s an old saying that it’s better to give with a warm hand than a cold one. Put another way, for many parents, there are benefits to gifting money to the next generation while you’re still alive or providing what’s known as a “living inheritance.” There’s an emotional reward that comes with giving adult children […]
Read MoreLatest News Angela Calla 8 Sep
Housing Dampened Economy in Q2 This morning’s Stats Canada release showed that the economy unexpectedly contracted in the second quarter by 1.1%, down from the revised 5.5% gain in the first three months of the year. The Canadian dollar dipped on the news to $.7921 as questions of resiliency in the face of the delta […]
Read MoreGeneral Angela Calla 8 Sep
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate. This is reinforced and supplemented by the […]
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