Canada's Foreign Buyer Ban Begins in January 2023
Posted on Dec 21, 2022
The Act restricts non-Canadians from avoiding the ban by using corporations or other entities to purchase residential pr...
Bank of Canada Raises Rate Again to 4.25%
Posted on Dec 07, 2022 in Real Estate News
The Bank of Canada raised its benchmark interest rate by 50 basis points, to 4.25 per cent. The move was widely expected by economists, who were anticipating a rate hike of either 25 or 50 points.
Canada's central bank has raised its rate seven times this year in its fight to wrestle inflation into submission. In the process, the bank has taken its...
New Home Buyer Rescission Period Coming January 3,2023
Posted on Dec 06, 2022 in Real Estate News
New home buyer protection initiative set to come into force January 3, 2023. and its related regulations will give British Columbia buyers of most residential properties a rescission period, informally known as a "cooling-off" period, where buyers can change their minds within a prescribed period and cancel a contract of purchase and sale for resid...