Category: real estate news

First-Time home buyer program announcement from BC government

smith manoeuvre

The BC government today announced a program to help first-time home buyers to get into the market and purchase a home.  The program matches the downpayment of the borrower dollar for dollar in the form of a second mortgage to a limit of $37,500.  The mortgage provided will be a 25 year amortized mortgage with… Read more »

Mortgage rule announcements and how it affects you

What changes were announced today? Insured mortgages will be qualified at 5-year benchmark rate of 4.64% You will now need to be qualified for a 5 year fixed mortgage as if you were getting a rate of 4.64%. Talk about pulling out a jackhammer where a chisel was needed!  If you are currently buying a… Read more »

15% property transfer tax on foreign buyers – what next?

Vancouver foreign buyer tax

Some trends to look for in real estate in the coming months Wow!  I honestly did not see this day coming…it must have been the last 6 years of writing about it consistently…they are listening to me!  Or not.  I simultaneously had both the reactions “They finally did something about this” and “This seems heavy handed.”… Read more »

Cash in on your property values with a refinance!

mortgage refinance

If you have followed my blog for a while, I think you would understand me saying that I find it difficult to come up with interesting original material to provide.  I mean…I am selling getting into the biggest DEBT that most people will ever likely incur, and I talk about a local housing market that… Read more »