The Slowdown In Canadian Housing Continued in May Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 7.4% nationally from April to May 2021, building on the 11% decline in April. Over the same period, the number of newly listed properties fell 6.4%, and the MLS Home Price Index rose 1.0%, […]
General Information
Accelerated vs Non Accelerated Payments
Here’s some good information, on video, that explains the difference between accelerated and non-accelerated payments. Typically bi-weekly or weekly.
Interest Rates & Commodity Prices Surge On Economic Rebound Optimism
In an unprecedented move, bond yields are spiking around the world. Yields globally are now at levels last seen before the coronavirus spread worldwide. At the same time, commodity prices are surging, including energy, metals and minerals, agricultural products and lumber. The Biden administration’s $1.9 trillion stimulus package is has triggered fears that if the US […]
Property Transfer Tax in BC
How much is the property transfer tax in BC and how can I be exempt from it? First Time Buyers, having never held title to a home anywhere in the world, can be exempt from this tax if you purchase for $500k or less. From $500k – $525k there is a partial exemption. If you […]
It’s All About The Property
When your mortgage application goes through the approval process, they are not only looking at you, but also the property in question. In fact, sometimes when an application is denied it has nothing to do with you, and everything to do with the property. To improve your chances of success when it comes to financing, […]