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Mortgage Stress Test Changes coming April 6/20

February 19th, 2020

The federal government is changing the stress test rate for insured mortgages starting April 6.

The government says the change will allow the rate to be more representative of the mortgage rates offered by lenders and more responsive to market conditions.

READ MORE: Iveson provides mortgage stress test relief ideas ahead of February report

The new minimum qualifying rate will be the gr ...

Are you adequately insured for your Strata Lot?

February 18th, 2020

February, 2020 - Many strata owners are facing significant increases in insurance rates and deductibles. There are also multiple older buildings across the province struggling to find an insurer to renew their policy.  

Potential buyers need to understand the insurance situation of strata units they’re looking at so they can make informed buying decisions.  

People who already own strata un ...

Why are Strata Insurance Rates so High?

February 5th, 2020

Strata owners in BC are facing insurance rate increases of between 50 and 300 per cent this year, according to the Condominium Home Owners Association of BC.

Deductibles to cover claims are also rising. In some cases, we’ve heard of deductibles increasing as much as $500,000.

Remember that insurance doesn’t cover claims under the deductible amount. So, for example, if a plumbing incident we ...

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 ...

25th Annual Realtors Care Blanket Drive

November 17th, 2019

 

From November 18 to 25, REALTORS® across the region will collect donations of blankets, sleeping bags, warm winter clothing, and new socks and underwear for those most in need.

 

The donations are then sorted and delivered to charities and organizations in the same area in which they were collected. 

 

The public can drop donations off at one of the 100 plus participa ...

Would you like to help out a neighbour?

November 12th, 2019
Realtors Care Blanket Drive.....Let's help our less fortunate neighbours this winter!

Just a quick reminder that our Realtors Care Blanket Drive is now in full swing until November 27th.  If you have any warm, gently used coats, boots, sweaters, socks, shoes etc that you just can't fit into your closet anymore, then please consider donating them to our less fortunate neighbours.  I offer FREE ...

Discover what crawls through the night this weekend!!

October 18th, 2019
  
Things to Boo this weekend......
Check out the "Wild Things" theatrical Halloween experience at Richmond Nature Park, October 19-20 from 5:30-8:30 pm. Fun for all ages!
 If you have ever wondered what goes bump in the night, then check out the the "Flashlight Mysteries" in Deas Island Regional Park and they have Waffles and Bubble Tea too.
Have a spook filled weekend.

BC Housing Ideas sent to Federal Candidates

October 2nd, 2019


 
BC Housing Sector Urges Federal Parties to Act on Affordability Recommendations
 
Too many British Columbians struggle to find an affordable home to rent or own because of a lack of housing options. Nearly six in ten uncommitted Canadian voters cite access to affordable housing as a top election issue, according to an August 2019 Angus Reid survey.
 
The next federal government h ...
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