October 2017

The New Federal Government Mortgage Stress Test -- What Does it Mean?

Posted on Oct 30, 2017

Ok some of you may have heard about the new federal government “stress test” on mortgages revealed last week.  For those that have or haven’t here’s the brief summary, effective January 1st, 2018:

• the “stress test” will affect all mortgages regardless of downpayment
• the purpose of these regulations is to ensure all borrowers can afford a rate 2% a...

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Single family home market balanced while condos & townhouses stay hot

Posted on Oct 10, 2017

Apartment and townhome activity is outpacing the detached home market across Metro Vancouver*. This activity helped push total residential sales above the historical average in September.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,821 in September 2017, a 25.2 per cent increase...

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