Bank of Canada hikes rates to 22-year high, more increases expected
The Bank of Canada on Wednesday increased its overnight rate to a 22-year high of 4.75%, and is expected to raise it again in July due to strong consumer spending, […]
New report ranks Canada as most at risk for mortgage defaults
The United Nations International Monetary Fund (IMF) released a report showing that Canada has the highest risk of mortgage default in 38 "mostly advanced" economies. This is due to a […]
Shift in Canadian Mortgages: Short-Term Fixed Rates Rise
Canadians' interest in variable-rate mortgages has declined, with only 5% of inquiries for 5-yr variable rates. Five-year fixed-rate mortgages have gained popularity, accounting for 79% of inquiries. BoC's rate cuts […]
Happy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast […]
Why Your Property Value May Differ From Your Neighbors: Understanding BC Assessment’s Valuation Process
As a property owner in British Columbia, it is essential to know the value of your property for various purposes, such as refinancing or selling. The BC Assessment Valuation is […]
How Does Land Ownership Work In BC?
Owning a piece of land is like having a treasure in your hands. Not only does it provide a sense of pride and accomplishment, but it can also serve as […]
What Is Title Insurance in BC?
Title insurance is an indemnity insurance that protects the owner/borrower from losses associated with title to real estate. It is generally an expense paid by the buyer at closing, and […]
Purchasing a property for rental purposes? What you need to know about Rental Add-Back vs Rental Offset
Knowing about rental add-backs vs rental offsets in mortgages is critical to purchasing rental properties. Renting out a property is a great way to earn passive income, but it’s also a […]
How to Rebuild Bad Credit Fast in Canada For Future Mortgage
This post will tell you everything you need to know about rebuilding credit in Canada for a future mortgage. A great credit score can be an important determining factor when […]
How do mortgage payments work?
When you take out a mortgage to purchase or refinance your home, you’re borrowing money to pay for it. You make regular payments to repay the mortgage over time, called […]