Transitioning to Condo Living
Making the switch from living in a house to residing in a high-rise apartment is a substantial change, and it comes with various factors to consider. Below, we explore the primary advantages and disadvantages of
Why Home Insurance Is Not Only A Good Idea, It’s Extremely Important
When buying a home these days, it’s almost automatic that most people will go ahead and factor in buying home insurance as well. Most people in Nanaimo and the rest of Vancouver Island know
Nanaimo Real Estate; Handy Hints For a Less Stressful Moving Day
One of the most physically and emotionally grueling things people can do is move. Packing up all of your worldly possessions, leaving behind the home where you’ve lived, loved and made memories, and then departing […]
Nanaimo Real Estate; Spring: Perfect Time To Prepare Your Lawn
Spring is officially here and while Nanaimo and area may have been spared much of the fury of winter that our friends and relatives had to endure elsewhere in the country this year the blue […]
BMO slashes 5-year mortgage rate to 2.99%
“The Bank of Montreal is slashing its five-year fixed-rate mortgage to levels that caused former finance minister Jim Flaherty to express concerns last year. The bank says it will offer a five-year rate of 2.99 per cent, […]
Bank of Canada maintains overnight rate target at 1 percent
“Both total CPI and core inflation in Canada are still expected to follow roughly the path outlined in the January Monetary Policy Report, although recent readings were slightly higher than expected. Excess supply in the economy […]
Mortgage costs set to rise as CMHC leads premium hike
“Canada Mortgage and Housing Corp. has raised mortgage insurance premiums for the first time since the 1990s, and signalled more hikes could be on the way.” “CMHC executives said the higher premiums would mean an […]
Here we go again with dropping mortgage rates
“TORONTO • Falling bonds yields could push mortgage rates lower in coming weeks as banks compete in the spring housing market, traditionally the strongest real estate period of the year. Rob McLister, editor of Canadian […]
10 Ways to Prepare for Home Ownership
1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income. 2. Develop your home wish list. Then, prioritize the features on […]