There are rumblings that the recent 15 per cent foreign buyer tax implemented by the British Columbia government is nothing more than a repackaged version of the deplorable, historical ‘Chinese Head T…
Five Things You Need To Know in Real Estate (October 1-7, 2016)
1. Morneau emerges from his deep dive with a treasure trove of new rules On Monday, Finance Minister Bill Morneau announced a major shakeup of Canada’s mortgage and foreign-ownership rules for …
The Five Things You Need To Know in Real Estate (September 24 – Oct 1, 2016)
1.Talkin’ ‘bout interest rates, talkin’ ‘bout mortgages Canada’s top banking watchdog said it would require mortgage insurers to hold bigger capital cushions for home loans taken out when housing mark…
Five Things You Need To Know in Real Estate. September 10-18, 2016
1.Some folks are worried by rising debt levels – Walter Melanson is not one. The amount Canadians owe compared with how much they earn hit a new record in the second quarter, driven in part by the cou…
The 5 Things You Need To Know in Real Estate This Week (Sept 3-9)
1.Central Bank Holds Steady on Interest Rates, Again. The Bank of Canada opted to keep its benchmark interest rate at 0.5 per cent on Wednesday, the same level it’s been at for more than a year…
Real Estate Round Up! The Top Five Things You Need To Know This Week (August 26 – September 2)
The Hysteria Grows in Vancouver Home sales in Metro Vancouver were down 26% in August, compared to the same month last year. Sales have been trending downward in Metro Vancouver for a few months. The …
Ontario’s Swelling Home Inspection Industry To Be Regulated?
Ontario home inspectors are the only real estate professionals involved in real estate transactions who have yet to be regulated by the province. Consumer Services Minister Marie-France Lalonde is loo…
Five Things You Need To Know in Real Estate This Week (Week of August 19-25)
1.Vancouver, Vancouver, Vancouver A new forecast by Central 1 Credit Union predicts B.C.’s hot real estate market will remain robust for the next two years, despite fears a tax on foreign buyers…
Real Estate Round Up! The Top Five Things You Need To Know This Week (August 6 – 12)
1. National Housing Starts Down in July Canadian housing starts fell in July from June, as construction of multiple units – typically condos – fell 13.3 per cent after an unexpectedly large gain in Ju…
Foreign Buyer Regulation in PEI – Forget Vancouver and Toronto.
Prince Edward Island, often referred to as the “gentle island”, is Canada’s smallest province with a population of just under 150,000. What it lacks in size it certainly makes up for in stunning coast…