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This morning B.C. Premier Christy Clark announced the Home Owner Mortgage and Equity (HOME) Partnership program. Through the B.C. HOME Partnership program, the Province is helping first-time home buyers by contributing to the amount they have already saved for a down payment with a loan that is interest-free and payment-free for the first five years. Here […]
Are you thinking about moving in together? This decision might be an opportunity to improve your financial situation by combining your income and expenses and doing some long‑term planning. Advantages of a relationship Being a couple is bound to have an impact on your income and expenses. Living under the same roof is much less […]
The share of foreign ownership in condominium apartments remains low in major Census Metropolitan Areas (CMAs). This analysis is the result of combined insight from two Housing Market Insight reports released by Canada Mortgage and Housing Corporation today — a national look at foreign ownership and a second report delving deeper into Montréal. National Report Highlights - Foreign […]
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Economic data suggest that global economic conditions have strengthened, as the Bank anticipated in its October Monetary Policy Report […]
(NC) Between spending more time inside warming up from the cold, hosting holiday parties, and fewer daylight hours, it's no wonder our energy bills skyrocket during the cooler months. Do some good for your wallet and the environment with these winter energy savings tips. 1. Curb holiday costs. All that extra entertaining over the holiday season […]
Half of Canadians who plan to purchase a home think they will only need to cover the down payment to move in. The “closing costs” however, can add as much as another four percent of the total purchase price of the home. Closing costs can include: - legal or notary fees - land registration fees […]
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in October 2016. Highlights: - National home sales rose 2.4% from September to October. - Actual (not seasonally adjusted) activity was up 2.0% year-over-year (y-o-y) in October 2016. - The number of newly listed […]
