28 Mar

(PROPOSED) Stress-Test 2.0

General

Posted by: Adam Sale

(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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2 Mar

CANCELLED – First-Time Homebuyer Incentive

General

Posted by: Adam Sale

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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25 Feb

Simple way to forecast the inflation rate for 2024

General

Posted by: Adam Sale

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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20 Feb

The ‘Base Year Effect’ & Inflation Decreases to 2.85%

General

Posted by: Adam Sale

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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5 Feb

Canada Extends Foreign Buyer Ban until 2027

General

Posted by: Adam Sale

📣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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26 Jan

5 ‘Terrifying’ Facts for Renters in Canada

General

Posted by: Adam Sale

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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19 Jan

How Vancouver’s Housing Market Defies Recessions

General

Posted by: Adam Sale

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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8 Dec

Bank of Canada Holds Rates at 5% / Economic Cracks are Forming

General

Posted by: Adam Sale

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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12 Oct

Vancouver Market Report – October 2023

Latest News

Posted by: Adam Sale

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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8 Sep

Mortgage Forecast – Big 6 Bank Interest Rate Predictions

Latest News

Posted by: Adam Sale

Interest Rates: Bank Of Canada Unchanged As I’m sure you’ve heard, the Bank of Canada recently held its latest interest rate meeting, and I’m pleased to inform you that they have decided to keep interest rates steady at 5%. The Bank is keeping a watchful eye on the following key pieces of data: Unemployment Report: […]

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