Posts tagged with: mortgage

BC Housing Action Plan – Home Partnership Program

The BC Provincial Government announces program to help first-time home buyers In the wake of rapidly rising real estate prices in 2016 the BC Provincial Government announced a province-wide program to support first time home buyers entering the real estate market. Starting January 16, 2017, the Province will partner with first time home buyers, providing [&hellip

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Okanagan & Shuswap Real Estate Statistics – Oct/Nov 2016

2016 is winding down and the experts are starting to forecast what 2017 will look like for B.C.’s real estate market. Over the past month real estate sales slowed. A number of factors suggest we could be heading for a gradual downturn. BCREA suggests less robust economic conditions combined with government policy constraints will slow [&hellip

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Tougher Rules for Insured Mortgages in Canada

This week Canada’s Finance Minister announced tougher qualifying rules for insured mortgages. As of October 17, 2016 insured buyers will qualify to borrow much less. Under the old rules, buyers could borrow more money because they could qualify for an insured mortgage using a full discounted rate for 5 years, provided they took the 5-year Fixed [&hellip

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