Category: real estate news

Watch out for the wolves!

I was meeting with my business development manager for Canadian Home Income Plan (CHIP) about their reverse mortgage product today, and he shared with me an experience with a client of his bank that is at once shocking but also, unfortunately, not uncommon. There is a private mortgage lender who advertises on the radio that… Read more »

BC Property Transfer Tax

New property transfer tax changes affect BC home buyers The latest BC government budget announced changes in how the property transfer tax is charged.  Here is a summary of the changes: -The property transfer tax will remain the same until the purchase price exceeds $2 million.  Currently, the tax rates are 1% of the first… Read more »