In a continuing trend, British Columbia is still the least affordable region in Canada to live in, led by Vancouver and Victoria. Vancouver is the least affordable city among major international housing markets, trailing only Hong Kong. The Demographia International Housing Affordability Survey considers affordability based on a “median multiple”. The median is the middle point in
Read More
Planning and adhering to a budget is one of the most challenging tasks for people when it comes to their personal finances. Knowing what you can reasonably afford each month becomes even more crucial when you’re purchasing your first house because it’s probably the biggest purchase you’ve ever made. If you are currently renting, a
Read More
UPDATE: The Federal First-Time Homebuyer Incentive was discontinued on March 31, 2024. What was the First-Time Homebuyer Incentive? The Government of Canada offered a shared equity mortgage (loan) as a first-time home buyer incentive. There were no ongoing payments or interest paid on the incentive, but the loan was required to be paid back within
Read More
Time deadlines for your mortgage deal are crucial. Whether you are removing subjects on an offer, facing your mortgage renewal date, or preparing for the closing of your home purchase, it is almost inevitable that you will feel like you’re racing the clock at some point. The goal of our team of mortgage planners is
Read More