BC real estate sales less than last year

The British Columbia Real Estate Association says there’s been a substantial decrease in the total number of residential unit sales in the province compared to last year. The newest numbers from the association show there were 8,837 sales this month — a 28.7 per cent decrease from the same month last year. The average sale […]

Doubt cast on B.C. vacation-home price drop forecast

A widely quoted national report claiming British Columbia’s recreational real estate market will see the biggest price slump east of the Atlantic is challenged by local realtors, developers and the latest sales statistics. The annual Royal LePage Canada Recreational Property Report forecasts B.C.’s cottage country will see a 2.8 per cent drop in prices this year due to the […]

Renewing your mortgage? Ottawa has quietly made some regulatory changes that could save you big money

Some money-saving updates to Canada’s mortgage rules could save you some loot if you’re renewing a mortgage. Here’s what changed. In October of 2016, the government banned refinances from being default insured. But regulators allowed lenders to keep insuring transfers. A “transfer” is when you switch lenders to get a better deal, but don’t increase […]