Authorized vs. Unauthorized Legal Suites in Greater Vancouver: What You Need to Know
Posted on May 17, 2023
In Greater Vancouver, the demand for legal suites has been steadily rising due to factors such as affordability and increasing population. However, it's crucial to understand the distinction between authorized and unauthorized legal suites to avoid potential legal and financial complications. In this blog post, we'll delve into the key differences...
Looking to avoid the mortgage stress test? What to know about alternative lenders
Posted on Feb 10, 2023
Article created and published by Craig Lord, Global News CA.
Some Canadian homebuyers hoping to qualify for the biggest mortgage they can get might have been disappointed by the decision this week to keep the stress test unchanged.
The Office of the Superintendent of Financial Institutions (OSFI) said in its annual review of the mortgage stress test...
Know the Local Market when You Sell
Posted on Feb 07, 2023
Greater Vancouver home buyers you do not need to have the mortgage stress included in your borrowing criteria essentially allowing you to qualify for 2% less.Implemented in 2018 by the fed the mortgage stress test was ultimately created to cool down the escalating market at the time. The policy has anyone that is looking to obtain financing need qu...
Bank of Canada raises key interest rate again, signals pause in rate hikes
Posted on Jan 27, 2023
Article created and published by Jordan Gowling, CTV News Vancouver.
The Bank of Canada has raised its overnight rate by 25 basis points, moving its policy rate to 4.5 per cent from 4.25 per cent. If projections hold steady, the central bank has signalled a pause at its current rate, while it assesses the full impact of its hikes on the economy.
“Wha...
Why Metro Vancouver gas prices are rising again and when they could peak: experts
Posted on Jan 27, 2023
Article created and published by Regan Hasegawa, CTV News Vancouver.
Gas prices are once again creeping up in Metro Vancouver, with the numbers now sitting above $1.80 per litre.
It’s yet another blow to the cost of living in the region and the situation is only expected to get worse.
Prices started rising at the start of the month and have continued...
Two things to watch ahead of the Bank of Canada's next rate decision
Posted on Jan 20, 2023
Article created and published by The Intelligencer CA.
Readings on inflation and inflation expectations 'could make the decision a closer call'
Two important readings come out early this week ahead of the Bank of Canada‘s interest rate decision on Jan. 25.
Earlier this month a strong jobs report tilted the odds in favour of the central bank hiking its...