Bill 29: Transforming Mortgage Services in BC
The BC government is introducing a new Mortgage Services Act (MSA) to replace the outdated Mortgage Brokers Act (MBA). This will bring stricter regulations to the mortgage industry in BC.
Advantages of Buyer’s Agents
Specialized professionals streamline property search, offer tailored advice, and navigate buying processes.Potential savings outweigh fees, especially for first-time buyers and investors.
Happy Mother’s Day
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating […]
What’s Hot in Commercial Real Estate
AI Adoption: Real Estate firms are embracing AI for faster decisions and data-driven insights.Operational Real Estate: Investments in properties like hospitals benefit from steady demand.
Pain of Canadians’ mortgage payment shock is not over — not by a long shot
The Bank of Canada is considering cutting interest rates, which would help ease the burden on indebted homeowners. Mortgage rates have doubled since 2022, leading to increased mortgage payments. Lower-income […]
Spring Housing Surge May Delay Bank of Canada Rate Cuts
The BOC may delay rate cuts due to a strong spring housing market and federal spending. Economists predict rate cuts are unlikely before fall because inflation might rebound.
Canada’s housing market a ‘coiled spring’ as its waits on Bank of Canada for interest-rate clarity
Canada's housing market is poised for a rebound as the Bank of Canada is expected to hold its key interest rate steady. Economists predict a gradual increase in activity, especially […]
Capital Gains Inclusion Rate Increase
Increase for high earners: After June 25, 2024, capital gains tax increases for profits exceeding $250,000.The $250,000 threshold applies to individuals, including gains through partnerships or trusts.
B.C.’s Recreational: Waiting on Interest Rates
Buyers hold back amid uncertain market conditions, anticipating interest rate changes. Single-family home prices see a slight increase, while waterfront properties and condominiums experience decreases.
Bank of Canada April Interest Rate Decision – What’s Likely on Wednesday
The Bank of Canada may cut interest rates soon due to concerns about inflation and low productivity. Inflation is nearing the target level, but productivity remains a challenge. Market indicators […]