Mortgage Stress Test Rate Decreased
The purpose of using a benchmark rate when qualifying for a mortgage is to ensure that one can still manage their mortgage payments if...
Feb 19, 2020
New First Time Buyer Incentive is now available
First-Time Home Buyer Incentive (FTHBI) CMHC will provide an extra 5% of your down payment for the purchase of existing homes, or 10%...
Sep 3, 2019
Mortgage Stress Test Rate Decreased
The purpose of using a benchmark rate when qualifying for a mortgage is to ensure that one can still manage their mortgage payments if...
Jul 20, 2019
New First Time Buyer Incentives effective Sept 2019
The Liberal Government has announced their first time buyer initiative that they expect will take effect Sep 2019. We have limited...
Mar 21, 2019
Top 12 Things to take away from the 2018 BC Government Budget Review
After the 2018 Budget review the BC Government announced the following changes related to Housing Speculation Tax Starting this year,...
Feb 21, 2018
Tighter Qualifications coming Jan 1, 2018!!
Qualifying for a mortgage will be much harder as one will be required to qualify at a higher rate than the actual contract rate...
Oct 18, 2017
Qualifying Benchmark Rate Increases
The purpose of using a benchmark rate when qualifying for a mortgage is to ensure that one can still manage their mortgage payments if...
Jul 25, 2017
Increase on Maximum Purchase Price for the Property Transfer Tax Exemption | First Time Buyers
To address housing affordability, the B.C. government announced in its budget for 2017 that it will be increasing the threshold of the...
Feb 21, 2017
CMHC to Increase Mortgage Insurance Premiums
CMHC is increasing its homeowner mortgage loan insurance premiums Effective March 17, 2017 For the average CMHC-insured homebuyer, the...
Jan 17, 2017
Home Owner's Grant Threshold Increased
The Province is increasing the home owner grant threshold to $1.6 million , helping keep property taxes affordable for families and...
Jan 10, 2017