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 In fact, most homes come with flaws of a sort whether it is old paint or flooring, outdated fixtures or perhaps more extensive repairs are needed.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 […]

As the housing market continues to stir up homebuyers in Canada, the ongoing debate between variable and fixed rate holders is more prevalent than ever. To highlight some of these aspects more prominently, we have put together a breakdown of the distinctions you should know. When it comes to adjustable vs variable, it is invaluable […]

Good morning! In light of the upcoming April Bank of Canada announcement, we’ve been getting a lot of messages from those of you with Variable Rate Mortgages, asking if you should lock in ahead of April’s potential rate increase: Rates are rising. Is it time to lock in your mortgage rate? In her keynote speech […]

Recently we were interviewed by CBC leading off the news in the business digest across Canada discussing how Canadians are getting into the market. In summary, 4/10 Canadians get a substantial gift from parents, in the sum of $100,000 to $300,000 instead of co-signing. If a parent co-signs they have to qualify to service the […]

  With such a strong focus in the media on real estate today, have you ever asked yourself, “Why real estate is getting MORE expensive today than yesterday?”. If this is the question you are asking yourself, then you are asking the WRONG question. The REAL question you need to ask is “why does my […]

A credit score is so important when you are considering a home purchase. Well-qualified borrowers often don’t consider that there will ever be errors on their report, but sadly there are often mix-ups on reports or flat out incorrect information in terms of Credit Owed Marital Status Employment Birthdate. Such an example was noted in […]