8 Apr

2022 Federal Budget and Real Estate

General

Posted by: Kimberly Walker

The federal budget promises $10 billion to make housing more affordable.  Measures include tax credits for a variety of items, but the big ones, at least to me are:   2-year ban on foreign buyers; Sales taxes on assignment sales; No principal residence exemption for properties bought and sold within 12 months;   I should […]

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4 Apr

Weekly Mortgage Rate Update

General

Posted by: Kimberly Walker

*2 year fixed @ 2.48% *3 year fixed @ 2.68% *4 year fixed @ 2.78% *5 year fixed @ 2.88% *Variable Rate Mortgage 1.55%  @ prime -1.15% prime rate is 2.70% *OAC, rates high ratio purchases, subject to certain conditions, rates may change without notice, call for a quote Residential Market Commentary – Affordability anxiety Be the […]

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