by Geoff | May 12, 2016 | Market Updates
Rent-to-Own, Lease to Own, R2O. They may seem like good options, but watch out for these pitfalls. They are a good program as long as you have a mortgage planner ensuring you are following a plan to succeed. Rent to Own…what you NEED to know. My guess is you might...
by Geoff | May 5, 2016 | Market Updates
Property Transfer Tax Changes In B.C. Short Version There are no changes to the first-time home buyer exemption limits (with the exception of point #2 which includes first time buyers). All buyers (first-time buyers and repeat buyers) are now exempt from PTT on...
by Geoff | Mar 24, 2016 | Economy, Market Updates
To no one’s surprise, the Bank of Canada announced recently that it would leave its overnight rate target at 1/2%, just as it did on January 20 when it last met. The Bank noted that financial market volatility has slowed since the last meeting and oil prices and the...
by Geoff | Feb 6, 2016 | Market Updates
Short Version: Do not rely on BC assessment for a value. Do not rely on a buyer in a private transaction for a value. Do not rely on your neighbours, friends, or family members for a value. Do consider a marketing appraisal, but do not rely on it 100%. Do consider the...
by Geoff | Dec 9, 2015 | Economy, Market Updates
Lower oil prices, alongside a continued slump in mining and metals, has weighted on growth. Oil-dependent provinces such as Alberta, Saskatchewan and Newfoundland and Labrador have seen their economies hardest hit. That includes a drop in housing activity. Meantime,...
by Geoff | Aug 13, 2015 | Bank of Canada, Economy, Finances, Market Updates, mortgage trends, Rates, Uncategorized
The incredible rise of house prices across Canada over the past few years may come as no surprise, but many home owners are sitting on a time bomb and nobody knows when it will explode; however, there has been a lot of talk of rising interest rates to help slow down...
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