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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

I just finished uploading this Apartment for sale, #125 3451 Springfield Drive, Richmond, BC Do you want to live close to Steveston, but think it's too expensive? Then take another look at this delightfully spacious 3 Bedroom, One Level, Corner Unit with a Hot New Price! Just a quick 10 minute Bike Ride to all of Steveston's fun Bistros, Shops, Fish and Chips and Garry Point Park! Rarely ava ...

  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 ...

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 ...

  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.