BC to Finally Change the Outdated Property Transfer Tax Scheme The B.C. Liberal Government has announced that they are working on changes to the Provincial Property Transfer Tax Scheme. Summary No specifics have been announced, but the Finance Minister has stated that [...]
Debt Consolidation Tips It is admittedly much easier to get into debt than get out of it (a lot more fun too). While hard work and will power are necessary to get you out of debt, they aren’t always sufficient [...]
Is the Weak Migration to BC a Cause for Concern? Statistics Canada recently released data that showed net international migration to BC fell a nearly three-decade low. What does this mean for the Province’s housing market, which has been booming as [...]
Conservatives Aim to Increase Homeownership in Canada by 700,000 In a recent speech, Stephen Harper announced that the Conservative party has a new target of 700,000 new homeowners by 2020. We argue that this is largely a political maneuver and is [...]
This article presents an outlook for Canadian interest rates over the next year and half. More specifically, the 5 year Government of Canada bond yield, which is an important driver for mortgage rates. What Are the Major Forecasters Saying [...]
If you have ever spoken to anyone in the Greater Vancouver Area, or perhaps had internet access at some point, you have probably heard about Vancouver’s affordability problems. But why does that new condo cost so much? We have already talked [...]
What Might Happen with New Condo Prices? Private investors are bidding up land prices and pushing out residential developers in Metro Vancouver. Higher land prices will feed through into higher new home prices. Worse yet, private investors display a tendency [...]
Nine Credit Repair TipsThis article presents some helpful tips on how to repair and protect your credit score. Your credit score affects many areas of your life. True, it won’t directly impact your cooking or what’s on Netflix tonight. However, [...]
A new article from the Globe & Mail highlights a disturbing trend amongst Canadian banks of facilitating the transfer of money out of China, potentially against Chinese law. Here’s the Situation By-law, Chinese citizens are not allowed to move more than [...]
Have We Been Starting Too Many New Homes in Canada? Nope – BMO It seems that every time you open the newspaper (metaphorically speaking of course) there is another article warning of impending doom in Canada’s housing market. Sal Guatieri, [...]
With interest rates in the high teens and low twenties, credit card debt can be a huge burden on household finances. Making minimum payments will have you paying off that debt for years, with more and more of your hard-earned [...]
A recent survey released by Square One estimates that two-out-of-five house-owners in Vancouver rent out part of their home. According to the insurance agency, this is more than twice the number two ranked city of Toronto. This article explains the [...]