Vancouver sales increased 44 per cent on the month and 24 per cent from July 2019. Canadian home sales surged to a record in July as homebuyers emerged from lockdowns. Transactions for existing properties reached 62,355 in the month, up 26 per cent from a month earlier, the Canadian Real Estate Association reported. Benchmark prices […]

Canada’s finance minister resigned on Monday amid friction with Prime Minister Justin Trudeau over spending policies and after coming under fire for his ties to a charity tapped to run a student grant program. Bill Morneau said he would not run for parliament again and would instead seek to become the next secretary general of […]

In an announcement on August 14 the Provincial Government released the full details on the Residential Tenancy Branch’s Repayment Plan framework. This announcement brings with it a significant change to the timing of the end date of the moratorium on ending tenancy for unpaid rent. It was previously announced that this would end when the […]

The stress test rate is about to fall for the second time in three months following cuts by Canada’s Big Six banks to their 5-year fixed posted rates. Mortgage experts say the Bank of Canada will reduce the benchmark qualifying rate—a.k.a., “stress test rate”—from 4.94% to 4.79% this week. National Bank of Canada cut its […]

The Canadian economy bounced back sharply in May and June as Canadian provinces eased lockdown measures. GDP expanded 4.5% in May, and activity in June was even more robust at an estimated 5% rise. Cumulatively, GDP rose 10% in May and June, after plummeting more than 18% in March and April. These figures are calculated […]

Not even a pandemic can slow buyers. More of us are working from home, staying in, homeschooling and all need a space to co-habitat together. Canadians want more space. A place to recharge, work, and educate their children. BC in particular is being showcased for all the beautiful locations with waterfront views. Only minutes away […]

Not even a pandemic can slow buyers. More of us are working from home, staying in, homeschooling and all need a space to co-habitat together. Canadians want more space. A place to recharge, work, and educate their children. BC in particular is being showcased for all the beautiful locations with waterfront views. Only minutes away […]

During your pre-approval inquiry process, we may ask that you provide the following documents. It is best to have these on hand and easily accessible to ensure the process goes smoothly. A Credit Check Authorization signed – One (1) must be filled out by each applicant and a picture of 2 pieces of ID. A Letter of […]

💸 All About RESPs A Registered Education Savings Plan (RESP) is an investment account designed to help parents save for their child’s education. Like other tax-shelter accounts, an RESP allows investments inside the account to grow tax-free. That means you don’t pay taxes on capital gains, no income taxes on interest, and no tax on […]

In response to the Housing Minister’s July 16th announcement addressing their plan for rent increases, unpaid rent during the State of Emergency, and unpaid rent up to September 1, for our members we have prepared a detailed explanation to assist you in managing this process. As it has been said countless times, this pandemic is unprecedented […]