Finance

Mortgage Rates Fall As Bond Yields Drop

    As fixed mortgage rates continue to fall over recent weeks, what’s become good news for some Canadians has become bad news for others. While the cost of financing mortgages has gotten cheaper, mortgage-holders are the unexpected contributors to some of the gloom...

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BC Housing Speculation

    Starting the year strong with a 3.6% increase in resales following the declines shown in the fourth quarter of 2018, there’s still speculation about the year ahead according to the latest CREA home sale data. Positives aside, the general consensus for 2019 is that...

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Housing in BC Continues To Cool

    Vancouver's red-hot housing marketing continued to cool last month as home sales fell to the lowest level seen in January in the last 10 years. Although The Real Estate Board of Greater Vancouver says that sales are 39.3 per cent lower this January than that of...

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Big Changes for ‘Renovictions’

    Many prospective homebuyers look to the Okanagan not only for family homes, but also for potential rental properties. The Valley has plenty to offer for families and bachelors alike - and with more young professionals from the Lower Mainland choosing to make...

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The Impact of Rising Interest

    With the Bank of Canada set to make a decision on interest rates this week, one thing that’s clear is rates will be raised. But, when will the new rates come into effect, and what does this really mean for the housing market? News outlets left and right are...

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BC’s Budget Changes

Last month, BC’s provincial government announced the official budget for 2018 - a highly anticipated release. Some of the key points include changes to MSP and reducing the cost of childcare, but what you might have missed are the big changes coming to real estate...

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Is The Market Unstable?

A few weeks ago the stock market saw its biggest weekly plunge since 2016 with the Dow Jones index falling almost 1,200 points. When stocks and bonds falter it’s only natural to wonder - how does this affect my investments? In a business report for CBC, correspondent...

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A Generational Shift

With living costs in Vancouver continuing to soar, many young professionals who hail from the Lower Mainland are finding that Kelowna is the answer to their struggles. With the benefits of a 7.2% labour force growth, close amenities for a good work-life balance, and...

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New Year, New Mortgage Rules

Last year, the OSFI introduced mandatory stress tests for prospective home buyers who were required to insure their mortgage. The idea of these test was to measure whether or not the people looking to borrow could pay back their mortgage even if rates were to rise....

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