Bank says higher oil prices to depress demand for exports CBC News Posted: Apr 18, 2012 10:59 AM ET The Bank of Canada hinted today a “modest” increase in interest rates “may become appropriate” if inflation rises over the medium term. The central bank, in its latest monetary policy report, said the timing and degree [...]
There are people in the mortgage industry who deliver service levels far above and beyond the norm. The Canadian Mortgage Awards is one of few places where they can be duly honoured. Winning a CMA continues to be the most prestigious and recognized accolade for the mortgage and finance professional in Canada. This year CMA [...]
CBC News Posted: Mar 8, 2012 9:06 AM ET The Bank of Canada held its benchmark interest rate steady at one per cent Thursday, the 12th consecutive time in the bank’s schedule of announcements that its key lending rate has gone unchanged. That’s the longest period of steady rates since the 1950s. The last time [...]
THE B.C. FIRST-TIME NEW HOME BUYERS’ BONUS Subject to approval by the legislature, the B.C. government intends to implement a temporary BC First-Time New Home Buyers’ Bonus. Effective February 21, 2012, to March 31, 2013, the bonus is a one-time refundable personal income tax credit worth up to $10,000. You will qualify as a first-time [...]
February 17, 2012 – Real Estate Board of Greater Vancouver Government announces HST/PST housing transitional rules The government on Monday announced the HST/PST transitional rules on new homes. As the province transitions back to the PST, which will replace the HST effective April 1, 2013, measures to ease the HST burden on new home buyers [...]
2012 has started with aggressive competition amongst the banks and there are some very attractive rates out there including the 10 year fixed at 3.89%. Please feel free to give us a call for a review of your mortgage to see if it makes sense for you to take advantage of these historical low rates. [...]
CBC News Posted: Jan 17, 2012 9:15 AM ET The Bank of Canada held its target for the overnight interest rate steady at 1.0 per cent on Tuesday, the 11th consecutive time it has chosen to do so. “With the target interest rate near historic lows and the financial system functioning well, there is considerable [...]
Financing a home purchase in the United States could be a daunting task. Canadians looking for financing in the US will typically need a down payment of 20-30% with fixed rates around the 6.5% range. Coastal Mortgages have a number of lenders with products that allow clients to access the equity in their Canadian home [...]
We would like to wish everyone a very Merry Christmas and a Happy New Year! Looking forward to working with you in 2012!
If you want to use your RRSP savings for part or all of your down payment under the Home Buyers’ Plan (HBP), click here to find out how you do it. Give us a call or email if you have any questions!
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Surrey, BC, V4N 1J6
P: 604.588.4466
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