Nine Credit Repair Tips This 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. [...]
Conservative Party Promises to Study Foreign Ownership in Canada In a recent campaign pledge (watch here), Stephen Harper announced that a Conservative government would spend $500,000 to collect data on foreign ownership, calling it something “we can and should do something [...]
What You Should Know About the Fraser Valley Real Estate Market – Prices, Trends, and Outlook Great attention is often paid to the Greater Vancouver area, and the City of Vancouver itself. At Home Equity Solutions, we operate throughout [...]
BC’s Dependence on Alberta This article highlights research on the dependence of BC’s economy and housing market on Alberta and the potential implications of the on-going economic turndown. Summary Of all the regions in Canada, BC is the most [...]
An Explanation of the “Shadow Mortgage Market” in Canada This article explains what “shadow lending” is in the context of the Canadian mortgage market, outlines third-party estimates of its size and growth rate, and summarizes concerns policy makers have [...]
CMHC has announced changes to their underwriting policy that will make it easier for some homeowners to qualify for a loan Who Does it Affect? The changes affect anyone looking for a mortgage on a dwelling with a legal, secondary suite. [...]
A recent report by TD bank argues that the Bank of Canada’s recent rate cut will not have a significant impact on Canada’s housing market. This article summarizes the arguments put forth. The recent report is largely in line with a recent post [...]
We have talked in the past about affordability problems in Vancouver. We argued then, as we argue now, that single-detached homes are likely to remain out of reach for most families within the city and that we need to re-evaluate how [...]
Foreign investors take a lot of flack in Vancouver and are generally blamed for the rise in home prices in recent years. The unease is completely understandable as the average single-detached home in the Greater Vancouver Area now costs [...]
A recent survey by CIBC indicates that most Canadians would use a rate cut to pay down their debts faster, rather than take on more debt] indicates that most Canadians would use a rate cut to pay down their [...]
On the eve of the Bank of Canada’s decision to lower their overnight rate target, we provide a summary of the most recent available interest rate forecasts for the 5-year government of Canada bond yield. There is a little more [...]
Vancouver’s Economy and Housing Market Outlook A recent report by The Bank of Montreal highlights the underlying strength of Vancouver’s economy and housing market. This article presents the highlights of that report. Highlights BC’s economy is expected to grow slightly slower compared [...]