February 26th, 2025
A good chunk of BC homeowners may be tightening their purse strings this year. That’s according to a Thursday survey from Royal LePage, which found that West Coast residents facing … [read more]
February 10th, 2025
The Bank of Canada’s latest decision to lower the overnight lending rate by 25 basis points from 3.25% to 3% is giving homeowners and prospective buyers plenty to consider. With … [read more]
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February 3rd, 2025
The 2025 housing market is starting the year with optimism as the Bank of Canada announced today that it is lowering the overnight lending rate by 25 basis points from … [read more]
Comments Off on Bank of Canada Rate Cuts Sparking Optimism in 2025 Housing Market
January 15th, 2025
Building home equity is one of the greatest benefits of homeownership. Home equity gives you the financial freedom to borrow against your home for major expenses, invest in other opportunities, … [read more]
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January 8th, 2025
Borrowing costs are becoming more affordable ahead of the new year as the Bank of Canada announced today that it is lowering the overnight lending rate by 50 basis points … [read more]
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January 7th, 2025
The Bank of Canada expects that there will be more activity in the country’s real estate market, spurred by the central bank’s latest interest-rate cut and easier mortgage policies set … [read more]
Comments Off on Housing Affordability Jumps with Bank of Canada Rate Cuts & New Mortgage Policies
December 18th, 2024
Securing a mortgage pre-approval is one of the most crucial steps when buying a home. It provides clarity on your budget, strengthens your position as a buyer, and can ultimately … [read more]
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November 18th, 2024
Gen Z is entering adulthood at a time of economic flux, with many hoping to buy their first homes despite formidable barriers in Vancouver’s real estate market. Recent policy measures … [read more]
Comments Off on Gen Z Homebuyers in Vancouver : Mortgage Reforms, Evolving Housing Preferences, Flexibility & The Long-Term Outlook
November 12th, 2024
When purchasing a home, one of the most critical steps in the process is obtaining a home appraisal. Whether you’re a first-time buyer or a seasoned homeowner, understanding the significance … [read more]
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November 7th, 2024
Saving for a down payment can feel like an uphill battle, especially while juggling the costs of renting. However, with a strategic approach, you can successfully save for that future … [read more]
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November 6th, 2024
The housing market has seen dramatic shifts in light of soaring interest rates. While fixed-rate mortgages have traditionally been the preferred option for most homeowners, many borrowers are now turning … [read more]
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November 4th, 2024
After much anticipation, the Bank of Canada announced a significant rate cut of 50 basis points today, lowering the overnight lending rate to 3.75%. This marks the fourth rate cut … [read more]
Comments Off on Massive Cut from The Bank of Canada Brings Policy Interest Rate to 3.75%, Shows Promising Signs of Recovery
October 29th, 2024
The Bank of Canada is widely expected to cut its headline interest rate by an additional 2% or 2.5% points in the coming year, but fixed rates for five-year and … [read more]
Comments Off on Quicker & Steeper Interest Rate Cuts are Expected from The Canadian Central Bank
October 15th, 2024
Private mortgage investments are gaining popularity as more borrowers seek alternative financing solutions and investors recognize the advantages of this asset class. These unique investments offer several portfolio-enhancing features, from … [read more]
Comments Off on Enhancing The Potential Growth of A Diversified Investing Portfolio with Private Mortgages
October 4th, 2024
Strong forces may power the housing market higher in 2025, driven by falling interest rates and changes to mortgage rules. TD economist Rishi Sondhi, in an article by The Globe … [read more]
Comments Off on Changes to Mortgage Rules for 1st-Time Buyers Could Significantly Enhance Housing Demand Next Year
October 3rd, 2024
Investing in real estate can be a powerful strategy for building wealth and achieving financial freedom. However, securing suitable financing for your first investment property may present challenges. At the … [read more]
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September 25th, 2024
Over the last ten years, homeownership costs have soared, leaving many young millennials and Gen Z feeling as if homeownership is out of reach for their generations. From August 2014 … [read more]
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September 24th, 2024
CIBC predicts the Bank of Canada (BoC) will push for more aggressive rate cuts, and Canadians could see a significant drop as soon as December. In June, the Bank dropped … [read more]
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September 23rd, 2024
On September 16, 2024, the Government of Canada introduced the most significant reforms to mortgage regulations in decades, aiming to unlock homeownership for more Canadians, especially younger generations struggling with … [read more]
Comments Off on Key Changes to Mortgage Rules, Making Home Ownership More Accessible
September 16th, 2024
Today, real estate prices are still wildly higher than they were pre-pandemic, but with their recent declines experts say the ideal time for buyers to come off the sidelines is … [read more]
Comments Off on Low Mortgage Rates Meet Lower Real Estate Prices is Coming
September 6th, 2024
The Bank of Canada announced its third interest rate cut of the year today, lowering rates by another 25 basis points to 4.25%. This follows two consecutive interest rate drops … [read more]
Comments Off on Why Fall Might Be The Best Time to Buy After Bank of Canada 3rd Rate Cut?
August 19th, 2024
By the end of 2024, the Bank of Canada’s policy interest rate could be 1.25% lower than the recent peak rate of 5%. This is according to a new forecast … [read more]
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Comments Off on BC Homeowners Facing The Prospect of Higher Mortgage Payments, Plan to Reduce Discretionary Spending