The Bank of Canada increased the overnight lending rate by a quarter percentage to 0.5%.
"The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance sheet roughly constant until such time as it becomes appropriate to allow the size of its balance sheet to decline."
Property tax is due twice a year in the City of Vancouver: the Advance Tax Levy and the Main Tax Levy. Ensure you make the full payment prior to the deadline to avoid a 5% penalty on any outstanding balance.
Often times, home owners will purchase a home, live in it themselves (as a primary residence), and pay down the mortgage as years go by. I've spoken to a number of people who are waiting to accumulate enough savings before purchasing another property or more investments. However, they had no idea that they could tap into the equity that they've bui...
You've all seen the news reports circulating that people are leaving the city in droves to the suburbs! Yes, that's true. However, there are still plenty of people who live in the city and rely on public transportation to get around! If you're considering on buying an investment property or a home with potentially higher long-term appreciation valu...
A pre-sale home is a home that is available to purchase prior to being move-in ready. You can purchase either before construction start or during construction. It boggles my mind when I meet Buyers who prefer to buy a pre-sale unit straight from the Developer! Not only does this put the Buyer at risk, but it could also mean...