A stress test is mandatory for showing exactly how much room for error you can afford when it comes to making your mortgage payments.
How Will the New Mortgage Rules Impact My Buying Power?
The chances are fairly high that you’ve heard a lot in the news surrounding new mortgage rules that came into play on January 1st, 2018. If so, you’re probably wondering how these new rules will affect you when it’s time to make a purchase or renew/refinance your current mortgage. Lenders … Read More
Purchase Plus Improvements Program
Purchase Plus Improvements Program You have been searching for a new home and have finally found one that you like. It’s right in your price range and all it needs is a few improvements. New floors, update the kitchen and bathroom, a coat of paint and it will be as … Read More
15% Foreign Owner Property Transfer Tax in Vancouver. How It Works And Why It Was Implemented
As part of an effort to make homeownership easier and more affordable to Canadians, the BC government has introduced a new tax that shall be applied to foreign nationals purchasing a property. The imposition of this 15% property transfer tax, in addition to regular transfer taxes applied to home purchases, will create … Read More