Why Should You Use A Property Manager?

Posted on Feb 07, 2023

Property management in Vancouver, BC is a crucial aspect of owning real estate, especially for those who have multiple properties or live far from their investments. Hiring a professional property manager can help owners save time and money, minimize risk, and increase the value of their investments. Here are some of the key ways property managemen...

Read More

Stalled Los Angeles Skyscraper Developer Hit With Lawsuit Over 1$ Billion Loan

Posted on Jan 31, 2023

A major Chinese bank is suing the developer of a halted high-rise project in Los Angeles amid a string of financial problems for the real estate company in recent years.

China Minsheng Bank alleges that Wuhan Centre Company and Wuhan CBD Company, related to Beijing-based developer Oceanwide Holdings, failed a repayment obligation related to loans va...

Read More

Bank of Canada Raises Interest Rate

Posted on Jan 25, 2023

The Bank of Canada (BoC) announced today that it will be increasing its overnight interest rate by 25 basis points, bringing it to 0.75%. This move was widely expected by economists and market analysts, as the BoC has been signaling for some time that it would likely raise rates in response to the strong economic recovery that has been taking place...

Read More

VariableRate Mortgages – To Lock In or Not to Lock In

Posted on Nov 08, 2022

Times have been unprecedented over the last 3 years, things have been crazy! If you got a variable rate mortgage in the last year, you are probably kicking yourself for not seeing this coming and not choosing a fix rate. We have to take a step back and ask ourselves, why did we choose variable in the first place? For me, being a mortgage broker who...

Read More

Changes are coming in January 2023 for non-resident buyers

Posted on Oct 07, 2022

On June 23, 2022, the Parliament of Canada passed the Prohibition on the purchase of residential property by non-Canadians Act. Coming into force on January 1st, 2023, this Act will last for two years and will minimally affect the Canadian real estate market. Some of the key points to this act are:

• It does not apply to Canadian citizens and perman...

Read More

BCREA Housing Market Update (September 2022)

Posted on Sep 15, 2022

The latest housing market update from the BCREA, shows the Vancouver market begins to stabilize after a downward trend during the summer months. Rising interest rates from the Bank of Canada and rising inflation slowed consumer demand. 

Read More