Insurance companies are covering more than $100 billion worth of property in B.C., occupied by 1.5 million people. They collected $300 million a year in premiums even before they increased the rates up late last year by 40% on average. The Investigation After the...
Putting the Squeeze On! The Canada Mortgage and Housing Corporation (CMHC) has tightened up lending standards to make it harder for Canadians, especially first-time home buyers, to borrow money for a home purchase. Starting July 1st, at least one applicant must have a...
What is this CPI Economists talk about the Consumer Price Index (CPI) as a tool to measure inflation or deflation, so a brief definition is in order. CPI simply takes a variety of consumer goods and services such as transportation, food, and medical care, and weights...
CIBC Released their “In Focus” report on May 1st entitled “COVID-19 and Housing: What to Expect”. In summary, it states the housing market is currently “frozen” due to reduced transactions representing largely forced deals, which gives little useful interpretive...
Reprinted with permission from The Green Mortgage Team & Kyle Green Today, (on March 4th), the Bank of Canada dropped the overnight lending rate by a whopping 0.5%. This is the first-rate cut the Bank of Canada has had since 2015 when falling oil prices caused the...
