TD discounts five-year variable mortgage rate as competition heats up

TD discounts five-year variable mortgage rate as competition heats up

TD Bank is joining a rival bank in offering a highly discounted variable mortgage rate as competition among Canada’s biggest lenders heats up. The Toronto-based bank said on Tuesday it’s lowering its five-year variable closed rate to 2.45 per cent, or 1.15 per cent lower than its TD Mortgage Prime rate, until May 31. TD’s […]

The housing market is tearing us apart, new poll suggests

The housing market is tearing us apart, new poll suggests

The lack of affordable housing in B.C. is creating divisions between economic classes and age groups, according to participants in a new poll commissioned by CBC. The Mustel Group survey shows that 86 per cent of respondents believe the province is now divided along economic lines, while 64 per cent think affordability issues have created […]

Realtors warn legal cannabis home   could undermine home value

Realtors warn legal cannabis home could undermine home value

With the full legalization of recreational cannabis expected in just months, the country’s real estate agents are warning that provisions allowing for home cultivation of marijuana plants could undermine property values. In an appearance before the Senate’s social affairs committee now studying Bill C-45, the cannabis legalization bill, the Canadian Real Estate Association (CREA) said […]

RBC hikes mortgage rates, joining TD

RBC hikes mortgage rates, joining TD

Royal Bank of Canada is raising the posted rates on some of its fixed-rate mortgages, becoming the second big bank this week to make adjustments following sharp increases in government bond yields. RBC confirmed on Friday that it is raising rates on its one-to-four year mortgages by 15 basis points. It is also raising rates […]

Bank of Canada keeps key interest rate steady at 1.25%

Bank of Canada keeps key interest rate steady at 1.25%

The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth. The central bank, which kept its rate at 1.25 per cent Wednesday, said slower first-quarter growth of about 1.3 per cent was largely a result of housing markets’ […]

Property heading to ? 7 reasons why hard to tell

Property heading to ? 7 reasons why hard to tell

n some ways it would be easier to plan if we really knew for sure whether Canadian home prices were about to fall off a cliff as so many people keep predicting. But of course that’s not how markets work. A difference of opinion about the future is one of the reasons why there is always a […]

B.C. speculation tax: Here’s what you need to know

B.C. speculation tax: Here’s what you need to know

On Monday, the provincial government announced it is making some changes to the speculation tax, which was first announced last month as part of the budget. The government expects to introduce legislation in the fall to make the tax part of law and they say 99 per cent of British Columbians will be exempt from paying […]

Canadian real estate seized by Chinese government

Canadian real estate seized by Chinese government

The headquarters building of Anbang Insurance Group in Beijing, China, Aug. 25, 2016. The company’s assets, including billions in Canadian real estate, have been seized by the Chinese government. Better Dwelling: One of China’s largest overseas buyers just had its operations seized by the government. The China Insurance Regulatory Commission (CIRC), a state-run regulator, has […]