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Vancouver real estatate market

Vancouver real estatate market

October 5, 2020 | Posted by: Patrick Mulhern

3,643 were sold in September this year, up from the 2,333 sold last September The Canadian Press · Posted: Oct 02, 2020 9:16 AM PT | Last Updated: October 2 Sales were also up ... [read more]

Banks expect deferred mortgages to resume payments now

Banks expect deferred mortgages to resume payments now

September 18, 2020 | Posted by: Patrick Mulhern

Major banks anticipating resumption of most mortgage payments Some of the largest Canadian banks expressed confidence that most borrowers who took on deferrals for their mortgages will be able to r ... [read more]

COVID 19- Tax Update

COVID 19- Tax Update

September 15, 2020 | Posted by: Patrick Mulhern

August 29, 2020 COVID-19 Tax Update: CRA to commence audits of CEWS, CERB, and CESB payments to detect non-compliance and fraud Published by Jennifer Flood from Thorsteinssons LLP. The CRA is expe ... [read more]

No Change to Bank of Canada Rate

No Change to Bank of Canada Rate

September 9, 2020 | Posted by: Patrick Mulhern

Bank of Canada holds rates steady, hints at tweaks to bond-buying program David Parkinson Economics Reporter The Bank of Canada left its key interest rate and other COVID-19-related marke ... [read more]

FICOM winding down special treatement to banks offering deferrals

FICOM winding down special treatement to banks offering deferrals

September 8, 2020 | Posted by: Patrick Mulhern

Banking watchdog winding down special treatment for COVID-19 mortgage deferrals Will no longer let lenders treat deferred loans as if they are still being paid back Author of the article: ... [read more]

Stress test rate decreases & industry news

Stress test rate decreases & industry news

August 13, 2020 | Posted by: Patrick Mulhern

... [read more]

US Fed holds rate with no increase expected anytime soon

US Fed holds rate with no increase expected anytime soon

July 29, 2020 | Posted by: Patrick Mulhern

Fed holds U.S. interest rate steady, citing ongoing COVID-19 drag on economy U.S. central bank keeps benchmark interest rate in range at effectively zero The Associated Press · Posted ... [read more]

Bank of Canada - no rate increases today or in the near future

Bank of Canada - no rate increases today or in the near future

July 15, 2020 | Posted by: Patrick Mulhern

Interest rates will stay low as Canada faces 'long climb out' of COVID-19 hole, central bank says Benchmark interest rate stays at 0.25% Pete Evans · CBC News · Posted: ... [read more]

When is refinancing a good or bad idea

When is refinancing a good or bad idea

June 19, 2020 | Posted by: Patrick Mulhern

When Is Mortgage Refinancing a Bad Idea? Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it ... [read more]

Strata insurance report

Strata insurance report

June 16, 2020 | Posted by: Patrick Mulhern

Amid skyrocketing costs, new report finds B.C.'s strata insurance market 'unhealthy' Strata insurance premiums have risen 50 per cent in Metro Vancouver over the last year, according to t ... [read more]

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