How the Debt Consolidation Process Works A lot of what we do at Home Equity Solutions resolves around helping households consolidate debt. There are some misconceptions and there is a bit of misunderstanding surrounding debt consolidation in Canada and we [...]
Is Paying Down Your Mortgage Really the Fastest Way to Pay Down Your Mortgage? No, that title isn’t a typo, though it admittedly was meant to catch your attention, which evidently worked. Now, if you’re still with us, we will [...]
No, Your Property Taxes Will Not Rise by 20-25% Next Year Recently, there have been a number of news articles pointing out that the next property assessment will include a significant increase. This is true. However, this will not lead to [...]
BC to Finally Change the Outdated Property Transfer Tax Scheme The B.C. Liberal Government has announced that they are working on changes to the Provincial Property Transfer Tax Scheme. Summary No specifics have been announced, but the Finance Minister has stated that [...]
Debt Consolidation Tips It is admittedly much easier to get into debt than get out of it (a lot more fun too). While hard work and will power are necessary to get you out of debt, they aren’t always sufficient [...]
Is the Weak Migration to BC a Cause for Concern? Statistics Canada recently released data that showed net international migration to BC fell a nearly three-decade low. What does this mean for the Province’s housing market, which has been booming as [...]
Conservatives Aim to Increase Homeownership in Canada by 700,000 In a recent speech, Stephen Harper announced that the Conservative party has a new target of 700,000 new homeowners by 2020. We argue that this is largely a political maneuver and is [...]
This article presents an outlook for Canadian interest rates over the next year and half. More specifically, the 5 year Government of Canada bond yield, which is an important driver for mortgage rates. What Are the Major Forecasters Saying [...]
If you have ever spoken to anyone in the Greater Vancouver Area, or perhaps had internet access at some point, you have probably heard about Vancouver’s affordability problems. But why does that new condo cost so much? We have already talked [...]
What Might Happen with New Condo Prices? Private investors are bidding up land prices and pushing out residential developers in Metro Vancouver. Higher land prices will feed through into higher new home prices. Worse yet, private investors display a tendency [...]
Nine Credit Repair TipsThis article presents some helpful tips on how to repair and protect your credit score. Your credit score affects many areas of your life. True, it won’t directly impact your cooking or what’s on Netflix tonight. However, [...]
A new article from the Globe & Mail highlights a disturbing trend amongst Canadian banks of facilitating the transfer of money out of China, potentially against Chinese law. Here’s the Situation By-law, Chinese citizens are not allowed to move more than [...]