Canada’s 15 largest housing markets overvalued

Canada’s national housing agency says nine of Canada’s 15 largest housing markets are showing signs of being overvalued. The Canada Mortgage and Housing Corporation said in its quarterly Housing Market Assessment Wednesday that a majority of Canada’s large housing markets are showing either “moderate” or “strong” evidence of being overvalued. The housing agency looks at … Continue reading Canada’s 15 largest housing markets overvalued

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Strata Resident Conflict Human Rights conflict – your opinion?

An apartment-bound B.C. woman with severe anxiety is taking her strata council to B.C.’s Human Rights Tribunal for introducing a non-smoking policy that would force her off the premises to have a cigarette. According to a decision posted on the tribunal’s website, Gisele Dandurand claims the smoking ban amounts to discrimination on the basis of a mental … Continue reading Strata Resident Conflict Human Rights conflict – your opinion?

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CBC News report: Mortgage rules requiring more than 5% down on Canadian homes over 500K kick in today

http://www.cbc.ca/news/canada/toronto/toronto-new-mortgage-rules-1.3448550 Today is the first day you’ll need to put upwards of five per cent down on a home selling for more than $500,000 in Canada. The new mortgage rules, announced last December by Finance Minister Bill Morneau, dictate that buyers must put down 10 per cent down on the portion of the home’s price above … Continue reading CBC News report: Mortgage rules requiring more than 5% down on Canadian homes over 500K kick in today

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BC Housing Economy

Great time to invest in BC! With the US’s recent announcement of their interest rate increase, Canada’s current interest rate low; CAD$ 1.75c vs. $US 1 AND with BC boasting the only province to making headway with addressing their deficit.  There really is no better time to invest in our real estate market.  To top … Continue reading BC Housing Economy

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