Financial regulator moves to guard against housing bubble Tara Perkins, The Globe and Mail Canada's financial watchdog has released a long awaited set of guidelines for the country's three mortgage insurers. The guidelines, which have been in the works since 2012, remain a proposal. The Office of the Superintendent of Financial Institutions will now hear […]
Article taken from the Vancouver Island Real Estate Board What is MLS®? The Multiple Listing Service® is a co-operative marketing system that maximizes exposure of properties for sale. It is a central registry of properties used by REALTORS® to match buyers with properties for sale. Most homes sold in Canada are sold via the MLS® […]
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 […]
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 […]
