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The latest in Mortgage and Real Estate News and Trends
A Budget to Beat Inflation! 5 Key Steps
Inflation has been taking a big bite of Canadian wallets so here are 5 Key Steps to help you Budget for Inflation. Even if you can't implement every thing, I hope it gives you some inspiration into what you CAN do. Remember too to save at least 3-6 months of household...
New Real Estate Changes Effective January 1st, 2023
There are 3 NEW and important Real Estate changes for buyers and sellers taking effect January 1st, 2023! - 3 business day HOME BUYERS RESCISSION PERIOD on residential purchases - Foreign Buyers Ban in place for 2 years - Anti- Flipping Tax for homes owned less than...
Top 5 Mortgage Stories of 2022/Round-Up!!!
What a year it's been!! Here is my 2022 Round Up of the 5 Top Mortgage Stories as I see it and what could be in store for 2023. 1) BOC raises rates 400 basis points, the steepest rise in one year since 1936 2) Variable Rate Mortgage Pain, Trigger Rates and Higher...
January 1st, 2023!!! Home Buyers Rescission Period Guidelines Take Affect
On January 1st, 2023, this new legislation, originally known as the 'cooling-off period', provides buyers in B.C. three business days to rescind/cancel a contract (in others words, an accepted offer) to purchase residential real property. These guidelines will provide...
IS YOUR MORTGAGE UP FOR RENEWAL IN 4-6 MONTHS?
Is Your Mortgage Coming Up for Renewal in 4-6 months? With all that’s going in with interest rates, inflation and future uncertainty, no doubt you may have questions or even fear about your upcoming renewal. You may think your only option is to sign again with your...
RESIDENTIAL MARKET UPDATE- NOVEMBER 14, 2022
The news on the economy, inflation and the future of interest rates has been mixed over the past week or so. Most of the recent analysis has centered on employment. Market watchers were surprised by the latest job numbers which shot up by 108,000 in October. The...
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