“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,
“Mortgage costs, not just house prices, are the principal deciding factor for potential home buyers. This makes comparison of monthly payments to incomes and rents more relevant than similar comparisons using house prices alone. Slowly
[youtube id=”bk71exB4-1w” width=”600″ height=”350″] President of the Vancouver Island Real Estate Board: Blair Herbert reports Real Estate Statistics for February 2014.
“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
“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
“Young families and new homeowners were the main beneficiaries of the tightly confined wiggle room in B.C.’s latest budget, one touted by Finance Minister Mike de Jong as boring but balanced.” “For first-time home buyers,
“Imagine living in 700 square feet of space, in an apartment, centrally located, stylishly appointed, with stainless steel appliances and public amenities such as a dog wash station. You don’t own a car; instead, you
[youtube id=”flr2hnUORfM” width=”600″ height=”350″] President of the Vancouver Island Real Estate Board: Blair Herbert reports Real Estate Statistics for January 2014.
“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
[youtube id=”1v0D0prm-8w” width=”600″ height=”350″] President of the Vancouver Island Real Estate Board: Gary Gray reports Real Estate Statistics for December 2013.