
Bank of Canada raises interest rates for first time in 7 years
Bank of Canada has raised their overnight rate by 0.25%, bringing it to 0.75%. Which for most lenders has increased their Prime rate to...
Jul 12, 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


Down Payment Assistance for First Time Buyers in BC
“BC Home Owner Mortgage and Equity Partnership Program” From middle class families to young professionals, first-time home buyers are...
Dec 15, 2016


Must Read Tips on Capital Gains Changes
To help maximize capital gains tax strategies under the new reporting requirement, here are eight tips and suggestions: For most...
Oct 31, 2016


Closing of a Tax Loophole to avoid paying Capital Gains
Homebuyers must now report the sale of a property on their income tax return Up until now, anyone who sold their principal residence in...
Oct 4, 2016


Tighter Qualifications for Home Buyers coming October 17!!
Come Oct 17, 2016 Qualifying for a mortgage will be much harder! You now must qualify at a higher rate than your actual contract rate ...
Oct 4, 2016