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2018-02-21 | 12:03:13

BANK OF CANADA RAISES RATES CAUTIOUSLY

As was widely expected, the Bank of Canada announced another quarter-point interest rate increase, saying that more hikes are ahead. According to Governor Stephen Poloz, the "big cloud" over the Canadian economy is the uncertainty associated with...

2017-10-12 | 14:13:46

What is your mortgage type?

ShareTweetForward+1Welcome to the October issue of Your Monthly Home & Mortgage News offering tips to keep you in the know! Please feel free to contact me with questions or feedback regarding this issue.Thanks again for your continued support and...

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 | 11:48:55

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 | 13:06:30

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...

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