Category: Uncategorized
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6 ways to cut your mortgage down to size
To pay down your mortgage faster and save on interest, make prepayments when allowed, and keep payments steady if your interest rate drops to reduce principal faster. Increase payments if your income rises and use renewal periods for lump sum payments without penalties. Opt for bi-weekly payments, consider flexible mortgages for prepayment options, or choose…
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ब्रिटिश कोलंबिया में अधिक घर, बेहतर अवसंरचना और मजबूत समुदाय
2025 में, कनाडा ने आवास और अवसंरचना में भारी निवेश किया, जिससे लगभग 59,000 आवास इकाइयाँ बनीं और देशभर में सार्वजनिक परियोजनाओं को वित्तपोषित किया गया। ब्रिटिश कोलंबिया को 8,867 घरों के लिए $2.36 बिलियन, ट्रांजिट के लिए $1.5 बिलियन और हरित परियोजनाओं के लिए $400 मिलियन से अधिक मिले। नई पहलों में $13 बिलियन…
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First-Time Homebuyer in Canada Guide
First-time homebuyers in Canada should determine their budget, get pre-approved for a mortgage, and estimate upfront costs including down payment (5-20%), closing costs (2-4%), CMHC insurance if under 20% down, legal fees, land transfer tax, property tax, home insurance, and moving expenses. Building a real estate team and understanding the local market are crucial. Various…
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Lower Mainland Home Values Slide in 2026
Lower Mainland home values are sliding, but lifestyle markets are quietly winning. $1.92T market value, down 5%, even with more homes added. Most homeowners seeing silent drops: -10% to flat is the new normal. Hidden signal: land values crashed on waterfront sites, hinting policy risk pricing in. Condos slid too—Surrey −7%, Vancouver −3%, signaling buyer…
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Expert Tips to Plan a Smooth Home Renovation
Homeowners should clarify the purpose of their renovation before starting any project. Creating a detailed renovation plan helps avoid costly mistakes and keeps design and construction aligned. Licensed professionals are essential for plumbing, electrical, or gas work to ensure safety and code compliance. Setting a realistic budget, managing expectations, and planning for delays reduces stress…
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RBC Sees Opportunities Amid Pause in Housing Recovery
Canada's housing market saw a subdued end to 2025 due to affordability issues, tariffs, and increased supply. Major cities like Toronto, Vancouver, Calgary, and Montreal experienced falling resales and price declines amid abundant inventory and economic uncertainty. Despite interest rate cuts, recovery remains slow, with home values expected to ease further as supply grows. Montreal…
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2026 Rate Forecast: Hold Now, Hike Later?
Economists now expect the Bank of Canada to hold rates steady through most or all of 2026 after 100 basis points of cuts in 2025. The policy rate sits at 2.25%, with the BoC signalling it is “about the right level” amid resilient growth and tariff uncertainty. Several banks see the next move more likely…
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Burnaby Embraces New Opportunities Amid Shifting Development Trends
Employees dislike commuting more than offices themselves, making Burnaby's central location in Metro Vancouver attractive for office space. Burnaby, expecting significant population growth, needs 3.2 million sq ft of new office space by 2051 to support over 22,000 jobs. Most new office space is tied to mixed-use residential projects, but recent development slowdowns and project…
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बी.सी. का होमओनर ग्रांट सीमा 2026 के लिए $2.075 मिलियन तय
2026 में बी.सी. में होमओनर ग्रांट की सीमा $2.075 मिलियन निर्धारित की गई है, जो 2025 की $2.175 मिलियन से कम है। इस मूल्य से अधिक के घरों को आंशिक ग्रांट मिल सकती है, जो मूल्यांकनित राशि के प्रति $1,000 पर $5 की दर से घटती जाएगी। कुछ क्षेत्रीय जिलों में बेसिक ग्रांट अधिकतम $570…
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Metro Vancouver city sees small rise in rent as other cities drop
Most Metro Vancouver cities saw a sharp drop in average asking rents in December 2025, except Burnaby, which had a slight 0.1% increase for one-bedroom units. North Vancouver became the most expensive city for one- and two-bedroom units, surpassing Vancouver. Vancouver experienced the steepest annual rent decline at 7.9%. Rents have declined for 15 consecutive…