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Canada: Inflation Hits 3% as Sales Rise

Canada: Inflation Hits 3% as Sales Rise

Canada's inflation gauge reached ~3% in the prior month, yet most experts viewed a central bank rate hold as the likeliest near-term outcome. That backdrop suggested variable mortgages and HELOCs were unlikely to jump soon, while a volatile bond market kept the...

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Canada Fixed or Variable Mortgage Choice

Canada Fixed or Variable Mortgage Choice

Fixed rates keep payments unchanged through the mortgage term, while variable rates can move with a lender's prime rate and bring more interest-rate risk. If variable rates rise, ARM payments change immediately, while VRM payments stay flat and more of each...

read more
Canada First-Time Buyer Rules Differ

Canada First-Time Buyer Rules Differ

In Canada, previous ownership does not automatically decide first-time buyer status. Eligibility can hinge on ownership, occupancy, title interest, or a recent separation. Many federal programs look at whether you lived in a home you owned during the current year and...

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Okanagan Sales Steady as Listings Fall

Okanagan Sales Steady as Listings Fall

Early-Q3 Okanagan sales largely matched yearly levels, with Central Okanagan at 438 deals, North Okanagan ↓~5% yearly, and South Okanagan ↓~10% yearly. Single-family benchmark prices stayed consistent, ↑~2% across Okanagan. Kelowna reached $1.07M, while North Okanagan...

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Canada: Inflation Hits 3% as Sales Rise

Canada: Inflation Hits 3% as Sales Rise

Canada's inflation gauge reached ~3% in the prior month, yet most experts viewed a central bank rate hold as the likeliest near-term outcome. That backdrop suggested variable mortgages and HELOCs were unlikely to jump soon, while a volatile bond market kept the...

Canada Fixed or Variable Mortgage Choice

Canada Fixed or Variable Mortgage Choice

Fixed rates keep payments unchanged through the mortgage term, while variable rates can move with a lender's prime rate and bring more interest-rate risk. If variable rates rise, ARM payments change immediately, while VRM payments stay flat and more of each...

Canada First-Time Buyer Rules Differ

Canada First-Time Buyer Rules Differ

In Canada, previous ownership does not automatically decide first-time buyer status. Eligibility can hinge on ownership, occupancy, title interest, or a recent separation. Many federal programs look at whether you lived in a home you owned during the current year and...

Okanagan Sales Steady as Listings Fall

Okanagan Sales Steady as Listings Fall

Early-Q3 Okanagan sales largely matched yearly levels, with Central Okanagan at 438 deals, North Okanagan ↓~5% yearly, and South Okanagan ↓~10% yearly. Single-family benchmark prices stayed consistent, ↑~2% across Okanagan. Kelowna reached $1.07M, while North Okanagan...