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A rare opportunity from Chief Economist Dr. Sherry Cooper of Dominion Lending Centres, sharing her outlook on inflation, interest rates, world events, and the housing market. Watch the full video 👇
Category: First Time Buyer,
All the Positive Mortgage Changes Over the Past Year 30 years amortization for First Time Home Buyers Eitan’s Take: This measure only affects a small subset of the market. In general, though, it stokes excess demand...
Category: Education and Learning,
I just learned that yesterday the BC Government has ordered that all stratas with 5 or more units must obtain a depreciation report on a five-year cycle. The order can be found here and here.
5 Yr Fixed (insured) 4.84% ↑ 0.10% 3 Yr Fixed (insured) 4.99% – 5 Yr Fixed 5.09% – 3 Yr Fixed 5.09% ↓ 0.05% 5 Yr Variable (insured) 6.20% ↑ 0.10% 2 Yr Fixed (insured)...
This is a YES because BANKS now have a new stress test for their portfolio. The new stress test is about loan-to-income (LTI) and that each bank will be assessed at how much their book...
The variable rate does seem like it’s a good option now… especially since the discount off prime is now so great. However, the variable rate is still higher than the fixed rate… so when do...
Category: Education and Learning,First Time Buyer,Home Purchase,
Good Evening Amazing Partners, Why is money called dough?! It’s ’cause we all “knead it.” We’ve had a little bit of a teeter-totter with rates recently. The bond market has been going down, then up, and now most recently...
I always find looking at the numbers interesting. If you have anybody who is thinking about the variable, remember, it’s more flexible than the fixed rate because you can lock in your variable into a...
Buying and Selling – How Dates Can Line Up It can be fairly complex when you want to buy a new property and you need the equity in a property you want to sell. IE,...
First-Time Home Buyers’ Tax Credit (HBTC) First-Time Home Buyers’ Tax CreditThe government allows first time homeowners to save $1,500 on their taxes by claiming $10,000 on Line 31270 on their 2023 tax returns. In order to save $1,500, the...
Current Interest Rates & Analysis – Jan 8, 2024 Summary: Fixed interest rates have been decreasing steadily over the past two months. At the same time, the variable rates have increased (the discounts off of...