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....
British Columbia's real estate market continues to turn heads as reports roll in analyzing the successes of 2016, as well as new activity surrounding the foreign buyer taxation regulations, and reports of a record-breaking February. The BC Supreme Court recently ruled...
In 2016, a new form of taxation was introduced by the Canadian government in an effort to slow down the rapidly inflating Vancouver housing market, which saw large amounts of foreign buyer activity. This week, new changes to this same foreign buyer tax will be...
You may have heard that new mortgage regulations are coming to effect, and are probably asking how this might impact you as a buyer, seller, owner, or any combination of these. Well, here's a little summary to help clear things up for you. Currently, the best...
