28 Feb

Updates to the Property Transfer Tax (PTT) Effective April 1, 2024

General

Posted by: Cheryl Johns

Good afternoon Thank you, Tony Spagnuolo from Spagnuolo and Company LLP, for the updated information below. The BC NDP Government has been active to start 2024. Last week, the provincial budget was tabled, and a couple of big changes are coming to the real estate market. Updates to the Property Transfer Tax (PTT) Framework The […]

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20 Feb

Canadian Inflation Falls to 2.9% in January, Boosting Rate Cut Prospects

General

Posted by: Cheryl Johns

Canadian Inflation Falls to 2.9% in January, Boosting Rate Cut Prospects The Consumer Price Index (CPI) rose 2.9% year-over-year in January, down sharply from December’s 3.4% reading. The most significant contributor to the deceleration was a 4% decline in y/y gasoline prices, compared to a 1.4% rise the month before (see chart below). Excluding gasoline, […]

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2 Jan

Countertop Materials for Your Kitchen

General

Posted by: Cheryl Johns

Countertop Materials for Your Kitchen. They say the kitchen is the heart of every home, and what better way to treat this important space than by ensuring you have all the right materials? When it comes to your kitchen, there are a variety of options for cupboards, appliances, and countertops. What you may not realize, […]

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20 Dec

Stronger-Than-Expected Canadian Inflation Will Keep The BoC On The Sidelines For Now.

General

Posted by: Cheryl Johns

Stronger-Than-Expected Canadian Inflation Will Keep The BoC On The Sidelines For Now. Inflation held steady in November Today’s inflation report was stronger than expected, unchanged from October’s 3.1% pace. While some had forecast a sub-3% reading, the November CPI data posted a welcome slowdown in food and shelter prices. Increases in recreation and clothing offset […]

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13 Dec

Winterizing Your Home

General

Posted by: Cheryl Johns

Winterizing Your Home. We Canadians are no strangers to the chill of the winter season! As we shift into the final few months of 2023, now is a great time to check your home before the cold front hits. Below I have included a few tips that could help you save on bills, prevent future […]

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13 Dec

Mortgage Renewal Benefits

General

Posted by: Cheryl Johns

In the next 2 to 3 years Canada will experience the most mortgage renewals in Canadian history. We expect to see over 5 Billion renewals. Check out the below article to prepare and know I am here for you. Mortgage Renewal Benefits. Is your mortgage coming up for renewal? Do you know about all the […]

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4 Mar

Bank of Canada Rate Cut

General

Posted by: Cheryl Johns

INTEREST RATES NOSEDIVE AS BANK OF CANADA CUTS RATES 50 BPS The Bank of Canada Brings Out The Big Guns Following yesterday’s surprise emergency 50 basis point (bp) rate cut by the Fed, the Bank of Canada followed suit today and signalled it is poised to do more if necessary. The BoC lowered its target […]

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19 Feb

New Benchmark Rate for Qualifying For Insured Mortgages

General

Posted by: Cheryl Johns

Minister Morneau Announces New Benchmark Rate for Qualifying For Insured Mortgages The new qualifying rate will be the mortgage contract rate or a newly created benchmark very close to it plus 200 basis points, in either case. The News Release from the Department of Finance Canada states, “the Government of Canada has introduced measures to […]

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