Corona Virus may affect Spring Mortgage Rates

January 30th, 2020

Fixed-rate loans are falling, according to James Laird, CEO of mortgage broker Canwise Financial and co-founder of rate comparison website RateHub.ca. While specific rates will vary based on the borrower and what part of the country they're in, currently the best deal on offer for a five-year fixed loan is 2.64 per cent with a trust company and 2.74 per cent from a big bank. Barely a month ag ...

Getting ready to Sell? 3 Quick ways your realtor can help

January 28th, 2020

READY TO SELL? 3 WAYS AN AGENT HELPS GET YOU STARTED

The process of putting your home on the market and finding your next place can be overwhelming. Fortunately, an experienced agent can help you weigh all your options. Here's where a professional might start:

1. Researching your home's value

An agent will have the pulse o ...

Speculation Tax Update Dec 31/2019

January 9th, 2020

The BC speculation and vacancy tax (SVT) tax rate for foreign owners and satellite families will rise to two per cent on December 31, 2019, up from 0.5 per cent.

The tax remains at 0.5 per cent for British Columbians and other Canadian citizens or permanent residents who are not members of a satellite family.

New exemptions

There are new, retroactive exemptions for:

  • Canadian Armed Force ...