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Blog by Linda Linfoot

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Bank of Canada silence bolsters expectation of October rate hike

August 1st, 2017
OTTAWA -- With no public speeches scheduled before its September interest rate decision, the Bank of Canada has signalled it is comfortable with market expectations that a rate hike won't happen until October at the earliest, analysts said on Monday.

The central bank's July rate hike, the first in seven years, was preceded by a flurry of speeches and interviews by top officials that dramatica ...

Residential Market Commentary

May 22nd, 2017
Moody’s credit rating service managed to get everyone’s attention last week when it downgraded all six of Canada’s big banks. The move triggered fresh fears that the country has a housing bubble and it is about to burst. But what does it amount to? For the banks, not much. For the rest of the economy, and in particular housing, it is being seen as a warning.

Many market watchers are calling t ...

Residential Market Commentary

May 12th, 2017
The April sales numbers are out and it is clear government interventions are having an effect; exactly what effect, though, is not clear.

In Vancouver the 15% foreign buyers tax appears to have hit the detached single family segment the hardest, for now. Prices are down about 4% since the tax was implemented in August. The decline is led by the luxury end of this segment which has seen prices ...

Why this housing tax break is so important

April 5th, 2017

Why this housing tax break is so important  - Canadians


(NC) For the 70 per cent of Canadians who own a home, it is a place to live, raise our family, and it connects us to our community.

Due to Canada's tax system's Principal Residence Exemption, when we sell our homes, any increased value or “capital gains” are not taxed.

This generous tax break matters to Canadian homeowners. Collect ...

Tax Notice Information

January 12th, 2017

Tax Notice

Your property tax notice is a bill for some services that are available.

The amount you pay depends on the:
 - property location
 - property classification
 - property assessed
 - value cost of services

Your taxes are calculated using tax rates that are set for each available service. Tax rates are adjusted every year to make sure the funds needed to provide services are raised. Y ...

BC Gov't Announces New Program

December 15th, 2016
Today, the BC Government announced a new program designed to assist and support first-time homebuyers in the province.

The BC Home Owner Mortgage and Equity (HOME Partnership Program) is helping first-time homebuyers by contributing to the amount they have already saved for a down payment with a loan that is interest-free and payment-free for the first five years.

Today's announcement is extr ...

Residential Market Commentary - week of November 14, 2016

November 15th, 2016
Vancouver is turning its attention away from home buyers and toward home owners in an effort to pry open some affordable living space in the city’s staggeringly expensive housing market.

The latest move is another punishing tax designed, we are told, to get people in to Vancouver’s ever growing stock of empty houses. The current rental vacancy rate in Vancouver is less than 1.0%. Some reports ...

New Mortgage Rules Annouced for High Ratio Insured Buyers

October 3rd, 2016
Please see the link below for details -

http://www.fin.gc.ca/n16/data/16-117_2-eng.asp

Residential Market Commentary Sept 19, 2016

September 22nd, 2016
Record low interest rates are the most commonly cited reason for the record debt-load being carried by Canadian households. Over the past couple of weeks it has become clear there will not be any big increases anytime soon. The Bank of Canada, the U.S. Federal Reserve and the European Central Bank have all stood fast with their latest settings.
There are unlikely to be big increases in wages ...

Residential Mortgage Quarterly Review

May 13th, 2016

Residential Mortgage Quarterly Review

With the first quarter of 2016 finished two key monitors of real estate and housing in Canada are updating their projections for Q2 and beyond.

The Canadian Real Estate Association had forecast some rebalancing, expecting slower national price growth due to slowdowns in British Columbia and Ontario during 2016. However, continued low interest rates – an ...

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