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Analysts expect BoC to leave interest rate unchanged this week

The Bank of Canada will announce its latest decision on interest rates this Wednesday morning at 10am but analysts are fairly united on their forecasts. It’s not expected that Stephen Poloz will announce any change to the current rate having already spoken recently about the bank’s assessment of the economic…

Why rates won’t rise

Speaking at RealtorQuest, Warren Jestin, the chief economist for ScotiaBank, said Canada’s central bank likely won’t raise interest rates, possibly until the end of next year.

Jestin pointed to several reasons behind his forecast, each of which he said led to the Bank of Canada’s concern for the economy, which, in turn, is keeping rates low.

The first concern is the low value of oil.

Hot region sets ground rules for investors

In anticipation of significant economic growth in many parts of Northeast B.C., the government is hosting a series of education sessions for both landlords and tenants.

“The area is experiencing rapid growth and huge demand to increase the labour pool for large construction projects like the Site C Dam,” says Cynthia Aaesen, managing broker at Investment Revenue Realty.

“It’s…

Don’t buy into the ‘flip’ hype

The latest onslaught of flip-focused television shows make the strategy look thrilling and easy, but experts on the ground say that investors should focus on the long-term game instead.

“When you buy and hold, you don’t have to worry about timing the market,” said Freedom Malhotra, the founder of Condo Planet in Mississauga, Ont.

“As long as you don’t buy above market value and you…

Average Vancouver home now 12.5 per cent more expensive

House prices in Vancouver have increased again with the average cost of a detached house rising 12.5 per cent in April to $1.08 million and the benchmark for a typical home now at $673,000.

The Real Estate Board of Greater Vancouver said Monday that a low level of listings has pushed prices higher; sales were up 37 per cent from April last year.

There are currently 12,436 listings on t…

Housing starts in this province were up 83%

Housing starts in one province have increased by 83 per cent year-over-year, according to new figures.

In Ontario, the seasonally adjusted annual rates (SAAR) of urban starts were 4,485 in March 2015, a significant increase on the 2,456 urban starts in March 2014.

Across the country, the SAAR of urban starts also increased in British Columbia (23 per cent), the Prairies (28 per cent),…

Genworth follows CMHC with premium increases

Canada’s largest private mortgage insurer says it is matching CMHC’s increase in premiums for the highest risk loans. Genworth will increase its premiums by 15 per cent on June 1, 2015; that’s the same percentage and date as the federal agency. The new rate for a loan-to-value ratio up to 95 per cent is 3.6 per cent, up from 3.15. For a loan-to-value ratio from 90.01 to 95 per cent, but…

CMHC insurance hike not as menial as believed

The Canada Mortgage and Housing Corp. announced it will increase insurance premiums for those homebuyers and investors who put less than 10 per cent down, and industry players expect the move to impact one type of client in particular.

“CMHC completed a detailed review of its mortgage loan insurance premiums and examined the performance of the various sub-segments of its portfolio,”…

Federal budget date announced

After postponing the federal budget in mid-January, Finance Minister Joe Oliver has scheduled the budget for Tuesday, April 21.

Speaking from Canada Goose Clothing’s Toronto plant Tuesday, Oliver promised a balanced budget.

“We’re not looking at a budget that will be cutting. We’re looking at a budget that will be providing benefits to Canadians and encouraging more job growth,”…

5 ways to increase your property’s curb appeal

Spring is here! Curb appeal is one of the most important things to consider when you are looking to rent out your income property. But as owners, we can sometimes become blind to some of the little things that our potential renters will notice.

These items can be pleasant surprises; however, for the most part, they are things that make the property look dated, uninviting or even scary to thos…

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#100 4007 - 27th Street,
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V1T 4X9

Phone: (250) 549 - 3250
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Email: peter@kal-mor.com

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