Canada’s economy unexpectedly stalls, setting uncertain tone for end of the year

December 28, 2015 under Useful Articles
By Gordon Isfeld, Financial Post December 23, 2015 OTTAWA — Growth in Canada’s economy was flat in October, following a decline in the previous month and setting an uncertain tone for the end of the year. “Gains in mining, quarrying, and oil and gas extraction as well as the public sector were offset by declines in manufacturing, utilities and retail trade, “ Statistics Canada said Wednesday. Many econom
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BREAKING NEWS! Finance minister announces down payment rule changes…

December 11, 2015 under Home Buyer Resources, Useful Articles
New down payment rules will go into effective February 15, 2016. “The Government’s role in housing is to set and maintain a framework that is equitable, stable and sustainable. The actions taken today prudently address emerging vulnerabilities in certain housing markets, while not overburdening other regions,” Finance Minister Bill Morneau said in a release. “They also rebalance government support for the h
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Tony’s Latest Updates – December 11,2015

December 10, 2015 under Tony's Latest Updates
It would be hard today to escape the news about our local real estate market. We have seen lots of headlines predicting higher prices or conversely of a real estate collapse. Below are three graphs that can help clarify the market conditions in the Lower Mainland: 1. Total Sales – number of sales have increased consistently since early 2013. 2. Total Inventory – the number of properties for sale has followed a
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Tax increase likely as assessed values of detached houses in B.C. rise at historically high rate Early-warning letters sent to homeowners up 55 per cent from 2014

December 10, 2015 under Useful Articles
By Joanne Lee-Young, Vancouver Sun December 9, 2015 Many single-family home markets have moved upward very quickly in the months since they were last assessed in July 2015. Photograph by: Richard Buchan , THE CANADIAN PRESS VANCOUVER — BC Assessment is sending a “significantly higher” number of early notification letters informing homeowners to expect a 2016 assessment that is at least 15 per cent above th
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