Metro Vancouver home sales eclipsed 5,000 in March for the first time on record. read more
Category: real estate news
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 »
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 »
A strong fourth quarter closed 2015 as a record-breaking year in commercial real estate sales in the Lower Mainland. read more
Mortgage down-payment requirements increase The Canadian government recently made a change that has now come into effect regarding the minimum down-payment required to purchase a home. Previously, 5% was the minimum down-payment required to buy a home under most normal circumstances.