The central bank slashed its overnight rate by 25 basis points to 4.25 per cent on Wednesday. For every decrease of that size, a homeowner with a variable-rate mortgage can expect to pay about $15 less in monthly payments per $100,000 of the total mortgage value. Fixed-rate mortgage holders will not see any mortgage rate […]
Source: BDO.ca Canada June 22, 2020 With the extreme financial uncertainty created by COVID-19, residential homebuilders and buyers are seeing an uptick with incomplete purchase contracts. Buyers are adding clauses that allow them to postpone closings or back out of them entirely. Others are assigning their purchase contracts to new buyers (informally known as “flipping […]
B.C.’s second Coronavirus case confirmed A second person in the Vancouver Coastal Health (VCH) region has been confirmed to have coronavirus by provincial health authorities. It’s a social responsibility to isolate oneself after travelling back from Asia. I myself just came back from Hong Kong and I’m isolating myself for 14 days.
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