Category: Uncategorized
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BC Home Sales Decline by 10% in Late-Q1: Why?
The province residential unit sales ↓ 9.5% yearly to 6,460 properties. The overall dollar volume of home sales also ↓ 3.6%, totalling $6.6B.
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Retiring Early: Mortgage Concerns?
Successfully managing mortgage debt is essential for effective retirement planning. Paying off the mortgage before retirement may not suit everyone's financial circumstances.
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Happy Mother’s Day
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods. Anna Jarvis’s lobbying…
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Check out this open house Listing Address: 18 16016 82 AVENUE
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There’s a limit to how much interest rates in Canada and U.S. can diverge: Macklem
Canadian interest rates do not have to match U.S. or global rates, according to Bank of Canada governor Tiff Macklem. The Bank of Canada is expected to lower its policy rate soon, while the U.S. Federal Reserve may take longer. Inflation in the U.S. has been higher than in Canada, leading to different approaches by…
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Mortgage stress tests cause more harm than good. Here’s how to fix them
Mortgage stress tests are causing harm by preventing Canadians from making housing choices they believe are best. The tests fail to consider income growth, a crucial factor in borrowers' ability to afford payments. Changes in mortgage regulations since 2012 have significantly impacted home buying, leading to disappointment for many middle-class Canadians. Continue to full article
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New Listing: 18 16016 82 AVENUE
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BC Budget 2024: Deficit, Housing, Health
B.C. Budget 2024 prioritizes spending, affordability, and housing, tackling a $7.9 billion deficit. Housing initiatives, backed by $2 billion federal funding, include BC Builds and a flipping tax.
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What’s Hot in Commercial Real Estate
AI Adoption: Real Estate firms are embracing AI for faster decisions and data-driven insights.Operational Real Estate: Investments in properties like hospitals benefit from steady demand.
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BC government buys land for transit-oriented housing development
British Columbia's government is leading a new public development project on Vancouver Island to create affordable housing near transit. The province purchased land for the Uptown development in Saanich, planning to build hundreds of homes, retail spaces, and amenities like child care. The government aims to ensure that people who rely on transit can live…