The federal government will not be investigating the decisions that led to the B.C. vacant condo buyout plan.   Some Conservative MPs recalled the Commons Ethics Committee and demanded the probe during a meeting on Tuesday, but were shut down. The hope was to call on ministers, developers and others

What to expect from July's Bank of Canada interest rate update Another Bank of Canada (BoC) interest rate update is scheduled this month, and you may be bracing yourself for the Crown corporation’s latest decision. In June, Canada’s central bank held its key interest rate at 2.25 per cent for the fi

'Scathing indictment': Massey Tunnel replacement will cost $8.5 billion, more than double original estimate The estimated completion time for the project has also been delayed almost a year, from December 2030 to September 2031, despite previous reports the timeline would remain the same. B.C. Premi

Condo plan's discount premise faces market doubts $1-million-plus pricing complicates the affordability goal   The economic case for a $1.45-billion federal-provincial plan to buy unsold British Columbia condos rests on securing units below market value, but analysts and commentators question whethe

GST Rebate on New Homes Is Freezing BC’s Resale Market Let’s get one thing straight: the government just handed first-time home buyers in BC a massive win. Up to $68,000 in savings between the GST rebate and Property Transfer Tax Exemption? That’s real money. But here’s what most people haven’t figu

West Vancouver council reluctantly moves forward on province's housing density changes West Van councillors say having Victoria impose zoning unilaterally would be a worse option.   West Vancouver council is reluctantly moving foward on changes that will increase housing density allowed on single fa

Severe correction in Vancouver condo prices may persist Prices could fall further in 2026 before stabilizing in 2027, say experts. Toronto-Dominion Bank (TSX:TD) is predicting Vancouver condo prices will fall around seven to eight per cent by year’s end compared to the fourth quarter of 2025, though

No evidence of generalized inflation despite May price hikes: BoC’s Macklem By: The Canadian Press Bank of Canada governor Tiff Macklem says he’s not seeing evidence of generalized inflation even as price pressures surged in May. Statistics Canada said Monday that inflation jumped to 3.2 per cent la

  The federal and British Columbia governments are developing a program to purchase more than 2,200 condos in B.C. to turn into affordable housing, though the financial mechanism that will be used to make the acquisitions is still up in the air. Nearly 4,000 newly built condos are sitting empty in t

Why Canadians Are Ditching the 5-Year Fixed Mortgage | What It Means for You (2026) The End of an Era: Why Canada’s Five-Year Mortgage is Losing Its Crown There’s something deeply symbolic about the five-year fixed mortgage in Canada. For decades, it’s been the financial equivalent of a Tim Hortons

  Canada’s newest housing push in British Columbia has a simple promise and a complicated balance sheet. Prime Minister Mark Carney and Premier David Eby are putting up to $3.2 billion behind a plan to lower housing-related development costs, fund local infrastructure, and bring more than 2,200 alre

New data shows how dramatically — and what it means for renewal waves ahead By Matthew Sellers   For most of the past three decades, the five-year fixed mortgage was as Canadian as the Registered Retirement Savings Plan or the Tim Hortons double-double: a cultural default that shaped household finan

The stress test saved most homeowners. But the last group is about to feel the squeeze. BoC Financial Stability Report shows the final 12% of ultra-low pandemic mortgages will renew over the next year, facing an average 15% payment jump. If you bought or refinanced in 2021 at rock-bottom rates, your

Everyone's waiting for rate cuts to fix the housing market. Here's why that won't be enough.   CMHC's latest analysis shows the real problem is structural — land-use restrictiveness, municipal regulations, and a 430K-480K annual build target we're nowhere close to hitting. A 10% increase in regulato

      Are you planning to sell your home in beautiful British Columbia, Canada? It's an exciting venture, but it's essential to understand the financial aspects involved. Selling a home involves more than just finding a buyer; there are various costs associated with the process that every homeowner

    As you prepare to purchase your dream home, it's essential to understand all the costs involved beyond just the purchase price. One significant aspect that buyers often overlook is closing costs. In this guide, we'll explore what closing costs are, what they typically include, and how to prepare

Insights You Might Have Missed When Selling Your Home During Divorce   Divorce is a challenging life event, often accompanied by complex financial and emotional decisions. Among these decisions, dividing shared assets such as the family home can be particularly daunting. In this blog, we explore thr

    Here are some comparisons highlighting why selling a house during a divorce differs from conventional sales: Emotional Complexity: Divorce often involves heightened emotions and stress for both parties, which can impact the sale process. Emotions such as anger, sadness, and resentment may influe

Here are several reasons why someone might choose New Westminster, Canada, as their place to live: Historic Charm: New Westminster is British Columbia's oldest city, boasting a rich history and heritage. Residents can explore historic neighborhoods, heritage buildings, and cultural landmarks that re

  Welcome to Canada! As you embark on your journey in this beautiful country, one of the most significant milestones you may aspire to achieve is owning your own home. However, navigating the Canadian real estate market as a newcomer can be both exciting and daunting. But fear not, as we're here to