• Victoria
  • Sidney
  • Saanich Peninsula
    250-656-4626
In your neighbourhood...
  • Victoria
  • Sidney
  • Saanich Peninsula
    250-656-4626
In your neighbourhood...

Blog

3 Reasons You Should Consider Buying a House With a Friend - Tag: Financing

Posted by Jack Barker

Purchasing property in this day and age seems like an impossible goal when you’re a single person. Buying a house with a friend can open you up to a lot more possibilities, including specialty loans created just for these situations.

A co-owner doubles your buying power because you’ll be combining your income and savings with someone else. There’s also the added bonus of building a closer relationship with your friend as you own your home together. 

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Real Estate News Roundup: April - Tag: Financing

Posted by Jack Barker

We hope that everyone reading this is staying safe and coping with these difficult and stressful times—understandably this month’s roundup will be dominated by the facts of the exceptional circumstances we find ourselves in.  

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Rental Housing Market Trends - Tag: Financing

Posted by Jack Barker

As the housing market shifts further and further towards rental opportunities, it’s important for potential buyers and investors to understand where the rental housing market is trending in British Columbia. Recently this market has seen an influx of investment and incentive programs with encouraging results. 

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New Surveys Shed Light On The Concerns Of Young Homebuyers - Tag: Financing

Posted by Jack Barker

With home ownership having undergone a volatile transition phase in terms of both volume and demographics, there are now emerging trends that explain what the new generation of homeowners are worried about when it comes to their property decisions.

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Stress Test Policy Leading To A Bottleneck Of Housing Demand - Tag: Financing

Posted by Jack Barker

As was expected by many market forecasters, the B20 Stress Test implemented as a part of Federal level mortgage policy has had negative repercussions throughout the housing market.

This is especially true here in British Columbia, with the BCREA observing that residential unit sales figures in March saw a decline of 23% from the same point last year. These figures, coupled with a decline of 5.4% in residential house prices in BC in the same period, painting a stark picture of the current housing market in the province.

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Bank of Canada Lending Rates On Hold - Tag: Financing

Posted by Jack Barker

In line with financial market expectations, the Bank of Canada announced it is keeping its trend-setting overnight lending rate unchanged at 1.25%. However the Bank reiterated that higher lending rates are still on the way, with financial markets betting the next 25 basis point hike will be at the next scheduled policy announcement on July 11.

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Wondering how to pay for your home renovation? - Tag: Financing

Posted by Jack Barker

Are you contemplating hardwood floors, a new kitchen or energy efficient solutions for your existing or new home? Are you wondering how to pay for this renovation project? Take a look at these affordable financing solutions to renovate the home of your dreams!...

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Affordable Housing – Attainable Housing - Tag: Financing

Posted by Jack Barker

Every week on the radio or in the newspaper, I hear our elected officials comment about the need for affordable housing in Greater Victoria. I consider that many comments regarding affordable housing does not explain clearly the definition of affordable housing...

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