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2017-01-30 | 14:25:24

Vancouver’s foreign buyer tax expands to other municipalities

The apparent “success” of Vancouver’s foreign buyer tax and the city’s decision to implement a so-called vacancy tax appears to have other Canadian municipalities looking at adding to their pool of taxation options.Victoria, B...

2017-01-13 | 14:15:45

New BC HOME Down Payment Program Help For First Time Buyers

REVIEW OF CMHC PURCHASEMinimum Equity Requirements:• 5% down payment for the purchase price (or lending value) portion ≤ $500,000; and• 10% down payment for the purchase price (or lending value) portion > $500,00 REVIEW OF CMHC...

2016-10-14 | 11:48:56

Mortgage Regulations and Affordability

Joel's Mini Blog: In the News this week - Hi Team,Lower rates this week. see belowAlso, 2 most important points regarding new Mortgage regulations.Clients Qualify 20% less than their MAXIMUM mortgage value, (Clients should be still ok to...

2016-10-03 | 13:06:31

New Regulations, higher qualifying rate

Joel's Mini Blog: In the News this week - As of Oct. 17, the government says “all insured homebuyers must qualify for mortgage insurance at an interest rate the greater of their contract mortgage rate or the Bank of Canada’s...

2016-09-16 | 10:58:29

New regulations, new rates will get a bit more expensive for a mortgage in Vancouver

Joel's Mini Blog: In the News this week - The government one more time is tightening mortgage underwriting rules that will come in effect in November this year, I predict less lending (consumer's debt ratio) also, banks are forced now to...

2016-09-12 | 11:34:49

The initial impact of the Vancouver Foreign Buyer Tax

When it comes to real estate forecasting in Canada, Don Campbell of REIN is at the pulse of things...here are his thoughts on the impact of the recently implemented foreign tax in Vancouver...there's no spin in here, just good information for a...

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