Eighth and perhaps final interest rate increase
Posted on Jan 25, 2023
Here is what you should know from the Bank of Canada, which just announced its eighth consecutive interest-rate increase, this one .25 per cent, a figure that was widely anticipated by financial analysts:
• It is expected to be the last of the increases that began early in 2022.
• The current rate is 4.5 per cent, and is expected to hold while the Ba...
Plan for provincial permit process
Posted on Jan 17, 2023
In what may be viewed as the first step in speeding up the permitting process for building homes, the B.C. Government has a plan to deal with the backlog at the provincial level. Or, as Premier David Eby put it: “remove obstacles to constructing new homes that families desperately need.”
Current regulations require builders to have multiple permit a...
Another avenue coming for first-time home buyers
Posted on Jan 10, 2023
Soon there will be another acronym to benefit first-time home buyers — FHSA. It will join TFSA and HBP as ways to encourage and assist people trying to get into the real estate market by purchasing their first home,
FHSA is the Tax-Free First Home Savings Account, and omitting TF from the front of the acronym is to avoid confusion withTFSA (Tax-Free...