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
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
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
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
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
August 13, 2020 | Posted by: Patrick Mulhern
... [read more]
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
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
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
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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