BMO lowered its key mortgage rate Thursday, offering 2.99 percent on a five-year fixed mortgage. Rob McLister, Editor of Canadian Mortgage Trends gives BNN his outlook for the housing market, mortgage rates, and the potential for a response from the government. Watch the news video from the Business News Network.
From the RE/MAX Sellers Guide Everyone wants to take advantage of the housing market when it comes to selling your home. Unless you are buying and selling strategically for investment, the best time to sell is when your existing home does not meet your current or future needs. A key factor to consider is the […]
Tips from the RE/MAX Canada's "Fit to Sell" Sellers Guide Buy or sell first? Deciding whether to buy or sell first can be tricky. If your RE/MAX agent finds a buyer for your existing home, before you've found a new one, you may find yourself living out of a suitcase if convenient closing dates cannot […]
There was memorial ceremony held on Tuesday at Big Beach to recognize the anniversary of the tsunami that hit Japan on March 11th, 2011. That day Ucluelet welcomed over 70 students from Japan who were part of the International Volunteer University Student Association. They joined with the Japan Love Project to help clean up tsunami […]
The Canada Mortgage and Housing Corporation (CMHC) have decided to raise premiums on mortgage insurance. It’s predicted that their competitors will raise their premiums as well. The CMHC made the announcement last week stating that the change will be effective on May 1st, 2014. This change will not impact current homeowners. According to an article […]
Article from Business News Network The Bank of Canada's next interest-rate move is still expected to be a hike, but forecasters have pushed back their target for a tightening to the third quarter of 2015, a Reuters poll found on Thursday. None of the 30 economists in the poll expected an interest rate move at […]
Which bidding war strategies are the most effective? An article from RedFin Research Centre. Coming off a year during which the real estate market was widely described as a “frenzy,” many homebuyers felt fatigued, frustrated and slightly insecure. And they were totally justified in feeling that way. Supply of homes for sale hovered near its […]
The threshold for the Property Transfer Tax exception increased for new home buyers in BC's 2014 budget. B.C. Budget 2014: Highlights - CBC NEWS MSP premiums, tobacco tax to rise, while first-time homebuyers get some help B.C. Finance Minister Mike de Jong tabled what he described as a "boring, balanced budget" Tuesday, with few surprises […]
Make your home more energy efficient. An article from the Canadian Home Builders Association. Finding opportunities to cut your energy bills is an important step in renovation planning. Improving your home's energy efficiency not only saves you money year after year, it can also be the key to increasing the comfort of your home. And […]
Despite the traditional winter slowdown, both home sales and prices inched higher in December, according to the latest RE/MAX National Housing Report. The monthly report surveys MLS data in 52 metropolitan areas, and it provides a comprehensive snapshot of current market activity. Here’s a look at how the latest findings impact homebuyers and sellers. What […]
