This is actually an old post that I'm re-sharing here. Many of my clients have has their assessed values decrease slightly this January for the first time in a several years. They've been wondering if this means that they will be paying less in property tax. However, a decrease or increase in assessed value doesn't directly correspond with how much tax you will later pay. What your property tax bill DOES depend on is is how much your property assessment increased or decreased

As was widely anticipated, the Bank of Canada raised the overnight target rate yesterday by a quarter percent, increasing it from 1.5% to 1.75%. Most major backs quickly followed suit, hiking their prime rates to 3.85% up from 3.7%. It appears that most increases are to follow.Avery Shenfeld, chief economist at CIBC Capital Markets explained in a message to clients shortly after the announcement that he felt the next increase could happen as early as the Bank of Canada's next

New government regulations will require homebuyers to qualify for their insured OR uninsured mortgages at a higher-than-posted rate. This is

Have a condo in Vancouver but thinking about a house? It's a great time to make the jump according to stats from the Real Estate Board o

Stats show that home sales have taken a considerable dip in Vancouver, while benchmark prices have managed to remain quite strong.

As of October 17th, many Canadians won't be able to qualify for the mortgage they would be able to get today. Buyers looking to purchase properties under $1 million with less than 20% downpayment will now have to qualify at a much higher mortgage rate than many Vancouver home owners have become accustomed to - regardless of what mortgage rate the lender actually offers them. Specifically: "all insured homebuyers must qualify for mortgage insurance at an interest rate the grea