Category: Uncategorized
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BoC Rate Cut: It’s Game on for Home Buyers
Lower Variable Rates: Mortgage rates ↓ 0.5%, with broker rates around 4.3%, slightly easing monthly payments. Affordability Boost: Buyers gain ~$30,000 in purchasing power, improving access to homes.
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Big Bank Reactions to Bank of Canada’s 50 Bps Rate Cut
Scotiabank: Supported a 50 bps cut, highlighting it aligns with market expectations, despite concerns over rising core inflation and economic risks CIBC: Agreed with the 50 bps cut, arguing it’s reasonable and fits the need for further stimulus into 2025 to boost economic growth.
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Supports for affordable housing providers and developers
The Government of Alberta supports affordable housing development by providing resources and information. Minimum standards are mandated for provincially-funded housing, while Design and Technical Guidelines offer specifications for construction. Fact sheets summarize various accommodation types and their design characteristics. Starting January 1, 2025, affordable housing will be exempt from property taxes if designated under the…
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Happy Lunar New Year
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…
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What Makes Alberta the Ideal Destination?
Alberta offers a $5K moving incentive for skilled tradespeople through its "Alberta is calling" campaign. Alberta boasts affordable housing, with avg rent at $1,266, much lower than Vancouver or Toronto.
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New year, new taxes for Albertans
As of January 1, 2025, Alberta has implemented a new tax on vaping products, set at $1.12 per 2 mL for the first 10 mL, and $1.12 per 10 mL for volumes above that. This tax aims to discourage vaping, particularly among youth. The federal government will collect and return the tax to the province.…
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Edmonton mails out 2025 property assessment notices ahead of tax season
Edmonton's Virginia Park neighbourhood has experienced a significant decrease in property values, contrasting with a general rise in residential tax assessments across the city. While some residents express optimism, others, like Ana, are concerned about increasing property taxes. Central McDougall is seeing the largest spike at nearly 17%. The city notes a decline in non-residential…
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Down Payment Tips for Home Buyers
Down payments are a crucial part of home buying success in Canada, beyond just mortgage rates.The minimum down payment in Canada depends on the home’s price and your province of purchase.
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Relocating to a New City: 10 Essential Tips to Consider
1. Create a Moving Budget 2. Take Inventory of Your Belongings 3. Pack Efficiently 4. Plan for Moving Day Essentials
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Things Homeowners Should Check in Winter
Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.