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Home Sales in Vancouver Plummet by Nearly 40%

Posted November 9th, 2016 at 12:46 am by Aaron Nicklen |   0 Comments

Home Sales in Vancouver Plummet by Nearly 40%

The number of home sales in the month of October dropped by 38.8 per cent when compared to the same month in 2015, as revealed by new statistics provided by the Real Estate Board of Greater Vancouver. In the past month, only 2,233 properties were sold, compared to 3,646 home sales in October 2015. This […]

TD Bank Raises Prime Rate

Posted November 9th, 2016 at 12:42 am by Aaron Nicklen |   0 Comments

TD Bank Raises Prime Rate

Toronto Dominion Bank, one of the nation’s big banks, announced that it is changing its mortgage rates, including increasing their prime rate from 2.7 per cent to 2.85 per cent. The move is in anticipation of higher lending costs sparked by the recent changes in mortgage rules. The increase applies only to the TD Mortgage […]

Canada’s New Mortgage Regulations – How Will They Impact You?

Posted October 8th, 2016 at 7:18 am by Aaron Nicklen |   0 Comments

Canada’s New Mortgage Regulations – How Will They Impact You?

As part of the Government of Canada’s new national housing measures strategy to help stabilize the real estate market, mortgage regulations will be undergoing a serious overhaul that will affect many Canadians. In short, these changes will make it more difficult for homebuyers to qualify for a mortgage in today’s market. The new policy outlines […]