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24 May 2011
Housing Affordability Eroding: RBC
The Canadian Press May 20, 2011 Home ownership became less affordable during the first quarter, especially in Vancouver where it took nearly three-quarters of family income to pay for mortgages, property taxes and utilities, according to an RBC Economics Read More...
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18 January 2011
Changes to the Rules for Government Insured Mortgages
Since October 2009, the Government of Canada has been systematically tightening mortgage financing regulations for all federally regulated lenders. The changes have been made in order to ensure that Canadians are prepared for higher interest rates in Read More...
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30 April 2010
BC Real Estate Association Urges Government to Reduce Shelter Taxes
Victoria, BC - April 26, 2010. The British Columbia Real Estate Association (BCREA) is in Victoria this week to highlight to the Government of British Columbia that, with the highest home ownership costs in the country, BC is at a competitive disadvantage Read More...
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10 March 2010
BC Harmonized Sales Tax (HST) Questions Answered
If you are buying or selling real estate in British Columbia this year you should familiarize yourself with the new Harmonized Sales Tax (HST) fo 12% that will be replacing the current GST tax of 5%. Here are the links to the transitional rules for July Read More...
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15 April 2009
Home sales activity up for 2nd straight month in Canada
By Mario Toneguzzi, Calgary Herald CALGARY - The residential resale market showed signs of life again in March both nationally and at a local level. Data released Wednesday by the Canadian Real Estate Association (CREA) indicated existing MLS home sales Read More...
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16 October 2008
Home Prices Down; Affordability Improves
Vancouver, BC – October 15, 2008. British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in BC declined 39 per cent to $2.1 billion in September, compared to September Read More...
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30 September 2008
REALTORS® welcome Conservative Party’s first-time homebuyers tax credit
Published September 18, 2008 CREA OTTAWA – September 16 th , 2008 – REALTORS® welcomed today’s announcement by the Conservative Party of a proposed tax credit for first-time homebuyers for intended application against closing costs Read More...
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04 May 2008
Doom and gloom not in cards for Canadian real estate market: analyst
Despite the recent drop in home sales, Canada's housing market should remain buoyant during the rest of this year, but developers face more difficulty securing loans for projects, analysts say. A recent Canadian Real Estate Association (CREA) report Read More...
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14 March 2008
Home affordability at worst point since 1990: RBC
Housing affordability in Canada ended last year at its lowest level since 1990, Royal Bank said Friday. In its quarterly outlook on the cost of owning a home, the bank said affordability eroded in every quarter of 2007 as house prices rose on the strength Read More...
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