较2016年十二月份的平均价格948,246元，上升了10.7％。 Continue reading →
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Canadian banks raise prime lending rate to 3.45% in wake of Bank of Canada move
The Canadian Press
Published Wednesday, January 17, 2018 1:55PM EST
Last Updated Wednesday, January 17, 2018 3:40PM EST
TORONTO — Canada’s biggest banks will hike their prime rate by a quarter of a percentage point on Thursday, putting financial pressure on homeowners with variable rate mortgages. Continue reading →
BC Home Sales Above 100,000 for Third Consecutive Year
Vancouver, BC – January 12, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 103,763 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in 2017, a decline of 7.5 per cent from a record 112,211 unit sales in 2016. The average MLS® residential price in BC was $709,579 in 2017, up 2.7 per cent from the previous year. Total sales dollar volume was $73.63 billion, down 5.1 per cent from 2016.
Government adds new qualifying requirements for uninsured mortgages
Effective January 1, 2018, home buyers who don’t require mortgage insurance — those with a down payment of 20 per cent or more — must qualify for their mortgage at a higher rate.
This new stress test doesn’t apply to people renewing their uninsured mortgage.
Canada’s Office of the Superintendent of Financial Institutions (OSFI) announced these rule changes on October 17. Draft changes were released in the summer for public feedback. Continue reading →