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Sunday, October 21st, 2018

Recent News

‘Lifestyle mortgages’ for savvy seniors

There exists a propensity to look at reverse mortgages as only necessary for indebted seniors, but they are also a great way for savvy, well-heeled seniors to buoy their investment portfolios. “The one... 

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Vancouver home sales figures for May released

Home sales across Metro Vancouver tumbled last month, when compared with May 2017 and the Real Estate Board of Greater Vancouver says that raises the potential of lower prices for some types of homes. The... 

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Detached sector continues to weigh on this region’s sales

Sales of detached homes in Calgary have declined to levels not since for a decade. Weakness in that property type continues to impact overall sales activity, which in May was down 19% year-over-year and... 

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Property tax hikes the best route for B.C. right now – economist

With Vancouver having the lowest property tax rates nationwide, it’s high time for the provincial government to impose higher real estate taxes to offset outsized price growth, according to a leading economist. In... 

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Pressure eases for Fraser Valley homebuyers

Homebuyers in the Fraser Valley region are able to shop for their dream home a little more comfortably as inventory rises. But the increased choice comes as sales continue to decline with Fraser Valley Real... 

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In Vancouver, non-high-end home buyers bear the brunt

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Canadian housing starts surge in November – CMHC

Housing starts for all areas in Canada stood at 226,270 units as of November 2017, according to new data from the Canada Mortgage and Housing Corporation (CMHC). This trend – which was a considerable increase... 

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CREA cuts 2017, 2018 forecast due to incoming tighter mortgage rules

The Canadian Real Estate Association says it has cut its home sales forecast for next year due to the impact of tighter mortgage regulations taking effect in the new year, which will erode affordability. The... 

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OSFI is reinforcing a strong and prudent regulatory regime for residential mortgage underwriting

http://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/B20_dft_nr.aspx   News Release For Immediate Release OTTAWA – October 17, 2017 – Office of the Superintendent of Financial Institutions... 

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HOW CREDIT AFFECTS YOUR LOAN APPROVAL

HOW CREDIT AFFECTS YOUR LOAN APPROVAL When you apply for a loan, lenders assess your credit risk based on a number of factors. Your credit score, as well as the information on your credit report, are key... 

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