Your Source for Mortgage News and Information
Here you will Victoria, BC and Canadian mortgage trends, news and information. We are your Mortgage Broker Victoria, so please feel free to contact us for any more details on the ever-changing mortgage market. Whether you are a first time buyer, a business owner or a sophisticated investor we have a wide range of quality products available to ensure you get the ideal mortgage product for your unique goals and financial situation.
March 14, 2017 The Bank of Canada left their overnight rate unchanged at 0.50% as Canada’s economy continues to operate with excess capacity. Recent changes by the government to stabilize our housing market will temper residential investment and our broader economy. This will help keep inflation low and bodes well
BC Budget Announcement: First Time Home Buyer Property Transfer Tax Full Exemption Raised to $500,000
BC Budget Announcement: First Time Home Buyer Property Transfer Tax Full Exemption Raised to $500,000 FIRST TIME HOME BUYERS PROPERTY TRANSFER TAX EXEMPTION Property Transfer Tax should not be confused with Property Tax. The Property Transfer Tax is a one time tax paid to the Provincial Government by purchasers of
When you’re house hunting anywhere in the greater Victoria area; from James Bay to Oak Bay, from Saanich to Langford, it’s a great idea to know the mortgage amount you qualify for, your monthly payments, and that your interest rate will be held for a specified period of time i.e.
Residential Market Commentary – week of February 6, 2017 Feb 6, 2017, 11:25 AM by Maria Broekhof – First National Real estate boards across the country are releasing their January numbers and they seem to be telling a story of pain and gain. Government efforts to cool the market appear
Do you qualify for the BC Down Payment Loan Program? You can find all the eligibility details – CLICK here. VICTORIA — The B.C. government will loan first-time home buyers some of the cash they need to afford their down payment, Premier Christy Clark announced Thursday. The program will provide
Canadians are definitely talking about the housing market – what do the new mortgage rules mean, is this the right time to buy, have mortgage rates bottomed out, is a lender’s renewal offer the best available, and on and on! For many, it feels like some uncertain times ahead. Often
So you’re one of those buyers who absolutely loves older homes: the character, the unique architecture, the settled neighbourhood… and maybe the great value. Maybe its James Bay, or Fairfield or Oak Bay. Sometimes older homes with “great bones” sometimes need a little renovation to turn them into the home
From amortization periods to how happy Canadians are with being homeowners, in a recent survey by the Mortgage Professionals of Canada they took a look at the numbers: For homes purchased between 2014 and 2016, the average contracted amortization period is 22.4 years. For homes purchased between 2014 and 2016,