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Posted by: Adam Sale
BC Housing: Secondary Suite Incentive Program I wish I noticed this program sooner, but somehow it slipped through the cracks! Anyways, this seems like a great program for anyone interested in adding a rental suite to their home. BC Housing is running a pilot program encouraging homeowners to build secondary suites/laneway homes by offering a FORGIVABLE loan of […]
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(Proposed) New Changes to Lending Regulations OSFI (the banks’ regulator) proposed a new maximum borrowing limit of 4.5x borrowers’ annual income. This proposed change will LIKELY come into effect in the first quarter of 2025. We do not have an official launch date, or confirmation of whether or not this will become the new rule. […]
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Will there EVER be a First-Time Home Buyer Program that WORKS?! Because this last program (CMHC’s) “The First-Time Home Buyer Incentive Program” is/was horrendous! Why is/was it so bad? Too restrictive, didn’t help homebuyers with qualifying, and little benefit. This program is/was designed for First time home buyers who ALREADY qualified for the mortgage. Only […]
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Forecasting the Inflation Rate for 2024 Here is a simple way to forecast the inflation rate for 2024 – conservatively, of course. First, grab the CPI data from Rateinflation.com and paste it into an excel sheet. Then, look for some patterns in these numbers. Notice how the CPI numbers change from one month to the […]
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Inflation is down to 2.85%, but CPI remains 158.3 Last month I sent an email showing why inflation had increased even though CPI number had decreased. And now today’s inflation report shows inflation decreasing, but the CPI number remains the same as last month, why is this happening? To explain this better, let’s do a quick recap on how to […]
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📣HUgE NeWS! Foreign buyer Ban extended until 2027!! 📣 I 💯 support this move and think this should be the law moving forward. Canadian real estate should be reserved for people who live, work and pay taxes in Canada. 💸 Will the extension to the foreign buyer-ban make much of a difference⁉️ Probably not. CMHC […]
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It’s no shocker, rental prices in Canada are Insane! Recent data shows national rental prices increased by 8.6% this year , and many are left wondering if things will get better in the future. Unfortunately, data suggests higher housing costs in the years to come.. Here are 5 Terrifying Facts Renters are Facing Canada’s Population […]
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How Vancouver’s Housing Market Defies Recessions You might think that a recession would automatically lead to a drop in housing prices, especially in a city like Vancouver where the cost of living is notoriously high. But you would be wrong. In fact, Vancouver’s housing market has shown remarkable resilience and even growth in the face […]
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Bank of Canada held rates at 5% – Prime Rate remains at 7.20%. Inflation continues to decrease, and we should be within the Bank’s 2% inflation target range in a couple months. The higher rates are having a negative impact on the economy and cracks are beginning to form: Third quarter GDP numbers show the economy […]
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This is HANDS-DOWN the best Market Report I’ve seen! Clearly explaining: The differences between a Buyers/Balanced/Sellers Market. Current Market Trend Current Pricing and Opportunities Key Take-aways: – The Vancouver market is in a similar position to where we were in November/December last year – this is earlier than I expected! – The Sales-to-Active listings ratio […]
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