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The latest in Mortgage and Real Estate News and Trends
Market Update and Rates April 14th, 2023
WATCH MY VIDEO HERE Spring is just around the corner, and we’re seeing the usual uptick in buyers! Unfortunately, low inventory means homes are selling quickly, and multiple offers are again in the mix. As a result, prices are inching upward. The Bank of Canada held...
First Home Savings Account for Aspiring Homeowners
April 1 marked the start of the Canadian government's FIRST HOME SAVINGS ACCOUNT and it's a really great option for aspiring homeowners to save for their downpayment. I really like that contributions are Tax deductible AND withdrawals are Tax free! If you're saving...
B.C. lays out housing plan, warns house-flipping tax imminent
Sweeping changes announced by provincial government to tackle housing shortages, soaring real estate prices and the need for more construction. What do you think ? •Government introduces a multibillion-dollar housing plan called 'Homes for People'. •The plan aims to...
New First Home Savings Account Launches April 1st, but won’t be available until later this year
As a mortgage broker, I understand how important it is for first-time homebuyers to have access to savings options that can help them achieve their goal of homeownership. That's why I am excited to hear about the federal government's new First-Home Savings Account...
Know the Power of a Reverse Mortgage
Know the POWER of a REVERSE MORTGAGE! WATCH MY VIDEO HERE Reverse mortgages are becoming more popular and with their ability to: - Provide 55yrs + with TAX FREE EQUITY from their home -NO mortgage payments -Home ASSET continues to APPRECIATE after withdrawal -MORE...
Canada’s Foreign Buyer Ban Gets Amendments: What You Need to Know
The Canadian government has recently announced four amendments to its foreign buyer ban, known as the Prohibition on the Purchase of Residential Property by Non-Canadians Act, which was introduced to address growing concerns about housing affordability. The changes...
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