Category: Uncategorized
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BC’s 2024 Homeowner Grant Applications Are Now Open
BC's 2024 homeowner grant applications are open, with a threshold of $2.15M covering 92% of homes in the province. Grant amounts remain the same, offering up to $570 relief for specific regions and $770 for others.
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Best Fixed Mortgage Rates In Canada For 2024
Nesto, Dominion Lending Centres, The Mortgage Centre, First National Financial LP, and THINK Financial are Canadian mortgage refinancing services, offering competitive fixed rates, varied loan options, and prompt closing. Each lender has unique strengths, with some focusing on online applications and customer satisfaction, while others offer personalized services. Factors such as prepayment privileges, penalty calculation…
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Record number of rental homes registered in B.C. in 2023
In 2023, British Columbia saw a record 30% increase in purpose-built rental homes, with 19,064 homes registered. The construction industry played a significant role in this increase. Additionally, 45,647 new homes were registered, including single and multi-unit homes. The Province's $19 billion housing investment through the Homes for People plan, the largest in B.C.'s history,…
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New Listing: 103 13628 81A AVENUE
Welcome to Kings Landing by Dawson & Sawyer! This 2 Bedroom, 2 Bathroom gem boasts a bright and open concept, offering a modern and inviting living space. As good as new , with Home warranty 5-10 year's still in place. The well-maintained unit features a nice balcony, perfect for enjoying the outdoors. GREAT AMENITIES await…
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Will B.C.’s Housing Plans Be Enough?
BC plans to implement housing policies in 2024, including measures to increase housing options and address affordability.The province aims to generate 293K new homes over the next decade through policy changes.
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Bank of Canada May Revive Real Estate Buyer Exuberance By Spring: BMO
Canadians are closely following the central bank's announcements, with expectations for home price growth shifting in response. The Bank of Canada's statements are seen as potentially reviving the housing market in the coming months. The market is heavily influenced by sentiment, with expectations for price changes closely tied to the central bank's decisions. The end…
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Mortgage Slump in Cooling Housing Market
Stable mortgages contrast with escalating struggles in auto loans and credit card debts. 45% of mortgages, amounting to $15B annually, are up for renewal in 2024-2025. Shorter mortgage terms, over 3-yr, became prevalent in the first half of 2023.
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Cost of Metro Vancouver rental housing projects nearly doubles before construction begins
The cost of two affordable rental developments in Metro Vancouver, the Connection and Steller projects, has nearly doubled to $121 million and $94 million respectively, due to rising construction costs, increased parking area, and childcare facility expansion. The additional funding will be sourced from Metro Vancouver reserves, mortgages, construction finances, and grants. The City of…
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Compare the Best Mortgage Rates in B.C.
A welcome bonus of up to 40,000 Aeroplan points is being offered, with conditions applying. The account must be approved by March 4, 2024. Mortgage rates in British Columbia remain high, with five-year fixed rates above 5%. Variable rates are expected to decrease in 2024. The average home price in B.C. is $964,246, with predictions…
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BC Home Sales & Prices: Yearly Performance
In Early-Q4, BC witnessed ↑ 1.8% in housing unit sales, reaching ~4K units. The avg home price in BC ↑ 4.1% yearly to $969K, with total sales volume at ↑ 6% yearly to $5.2B.