General 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 […]
Read MoreGeneral Angela Calla 26 Aug
We are excited to enter the next season with optimism in BC’s Fall Housing Market. However, we’d like to point out 7 things that people should continue to observe as the season changes over. 1. A hot pre-sale market Attractive to young buyers, British Columbia’s pre-sale market is hot and booming. This is perfect for […]
Read MoreGeneral Angela Calla 24 Aug
5 Tips to help you save for a down payment! 1. Eliminate high interest debt first Any outstanding credit card bill or high interest rates can impact the time it takes for you to save for a down payment. In addition, every $480 spent on car payments might hold you back from securing the […]
Read MoreGeneral Angela Calla 24 Aug
Annual inflation hits 3.7% in Canada—a new election issue. Canadian inflation hits highest reading in two decades. This morning’s Statistics Canada release showed that the July CPI surged to a 3.7% year-over-year pace, well above the 3.1% pace recorded in June. This is now the fourth consecutive month in which inflation is above the 1% […]
Read MoreGeneral Angela Calla 23 Aug
Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 3.5% nationally from June to July 2021–the fourth consecutive monthly decline. Over the same period, the number of newly listed properties dropped 8.8%, and the MLS Home Price Index rose 0.6% and was up 22.2% year-over-year. While sales are now down a cumulative […]
Read MoreGeneral Angela Calla 19 Aug
While the Liberals don’t have any new plans to tackle housing to date — the party’s latest platform promise includes $10 a day child care for families — the party’s ongoing platform features three housing components. As part of a new, ten-year investment of nearly $20 billion in social infrastructure, the Liberals say they will prioritize significant new investment in […]
Read MoreGeneral Angela Calla 19 Aug
Canada’s NDPs say they have a plan to target the housing crisis and make housing more affordable, and here’s how they promise to accomplish this if elected: Go after big money investors by: Singh and the NDP say they will go after big money investors by putting a 20% Foreign Buyer’s tax on the sale […]
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