Category: Uncategorized
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Happy Valentine’s Day
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was…
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Canadian Mortgage Borrowers Will Have To Wait For Rate Relief: BMO
Canadian real estate markets are anticipating cheaper mortgages, but the Bank of Canada's recent announcement suggests that relief may be delayed. The central bank's messaging indicates that rate cuts are not imminent, impacting both variable and fixed rate mortgages. The expectation of delayed inflation normalization is influencing bond yields, potentially stalling the downward rate momentum.…
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North Central BC Property Assessments: Market Softening?
2024 property assessment in Prince George and North Central BC indicates single-family home values ↓ 3% yearly to $450K.Conversely, strata residential properties like condos and townhouses saw ↑ 1% yearly to $252K.
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Property Assessment: BC’s Top Valued Residential Properties
BC Assessment updated property values, showing minor changes mostly between ↓ 5% to ↑ 5%. BC Assessment disclosed the top 500 highest-valued residential properties in the province.
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Happy Lunar New Year
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…
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Coquitlam Market Update
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Rethinking B.C.’s Homeowner Grant Fairness
The B.C. homeowner grant, introduced in 1957, is criticized for being outdated and unfair. In 2024, the grant applies to properties valued at $2.15 million or less, covering 92% of B.C. homes.
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Here’s What Will Cost More or Less in BC in 2024
BC electricity costs may increase by 2.3%, adding ~$2/mo to the avg residential bill starting in April 2024.Rent in BC could go up, with a 3.5% maximum allowable increase in 2024, below the 5.6% inflation rate.
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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…