The B.C. government's Home Owner Mortgage and Equity Partnership program, launching January 16, 2017, is meant to assist first-time home buyers cover part of the cost of a mortgage down payment. There some nuances to the eligibility criteria that you will want to keep in mind:
Dec 22 2016
BC HOME Partnership Loan: Am I eligible?
Just when you thought mortgage rule changes were done for now, here comes another round. While these ones are directed at mortgage insurers (CMHC, Genworth and Canada Guaranty) rather than borrowers, there's a strong chance that consumers will suffer collateral damage from these changes.
Feb 10 2015
The Year of the Micro Condo?
Set to hit the country's largest real estate market, this year could see the micro condo taking off.
With more single people wanting homes and higher prices making some Canadian cities unaffordable for single and low income households, smaller homes may prove to be the solution.
Homeowners in British Columbia and Alberta have the highest average mortgage debt according to StatsCan data.
Jan 27 2015
RBC Takes the Plunge; Rate War Coming?
While the big lenders were hesitant to pass on the Bank of Canada’s interest rate cut last week, this week there’s talk of a price war, with Royal Bank of Canada being the first to take the plunge.
Jan 20 2015
Vancouver sets new record for high-end sales
Vancouver hit a new record for high end sales in 2014.
Vancouver has been identified as one of the most unaffordable cities in the world in a study of major property markets.