Friday, December 1, 2023

November Numbers Are In. It’s Time to Make Your Contribution to the First Home Savings Account. The Table is Set for Rate Cuts & Real Estate News

 

CURRENT INTEREST RATES

IN CASE YOU MISSED IT...
MORE REAL ESTATE NEWS

First Home Savings Account (FHSA) Make your contribution before year end

First-Time Home Buyers' Tax Credit (HBTC)

Victoria Times Colonist - Federal government to use tax system to make short-term rentals less lucrative for operators: report

Delinquencies rising for borrowers with $400k+ mortgages, CMHC report shows (Canadian Mortgage Trends)

Interest rates are higher than they should be due to government spending: Scotiabank (Canadian Mortgage Trends)

Airbnb to Face New Curbs in Canada With Rental Tax Rule Change (BNN Bloomberg)

It’s been ‘hard to sell’ in many housing markets across Canada. Here’s why (Global News)

Mortgage rate relief could be on the horizon for Canadians: economists (Global News - Video)

Canadian housing market slowdown a reality check for home sellers, realtors say (Global News - Video)

Billions to be announced for housing construction in federal fiscal update, says source (CBC)

Three of the big banks have just lowered fixed mortgage rates. Will more follow? (Canadian Mortgage Trends)

Freeland's economic update to include new housing loans, short-term rental tax changes (CTV News)

Federal housing minister floats Airbnb crackdown to boost long-term rental supply (CBC)

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar (City News)

Rate cut odds steepen after weak October inflation data (Canadian Mortgage Trends)

Why Ottawa is making it easier for tradespeople to move between provinces (Global News)

Financial Post - Canada's housing market faces biggest test since 1990s recession

Financial Post – Here's what it will take for the Bank of Canada to cut rates — and when it might happen

Canadian Mortgage Professional – Home prices to decline by more than originally expected, say TD economists

Mortgage Broker Stresses Importance of Early Action on Mortgage Renewal (VOCM)

With millions of mortgages coming due, finance minister expects banks 'to work with' Canadians (CBC)

Rising costs causing ‘inflation isolation’ among Canadians, poll finds (Global News)

Not quite a recession, but Canada sees third-quarter growth turn negative (Canadian Mortgage Trends)

Victoria Times Colonist - B.C. Ferries planning for seven new hybrid ferries to replace retiring Queens

Victoria Times Colonist - Victoria bike-theft map shows most are stolen in residential neighbourhoods

Victoria Times Colonist - Family donates 2.66-acre property on Prospect Lake to Saanich for park

Victoria Times Colonist - Empty homes to be taxed in five more Vancouver Island communities

Victoria Times Colonist - Oak Bay Avenue lights up for annual Christmas festival

Victoria Times Colonist - Federal money adds a storey and 14 units to downtown Victoria rental project

Victoria Times Colonist - Add your holiday display to the Times Colonist Christmas Lights Map

Victoria Times Colonist - Draft City of Victoria budget includes proposed tax increase of 8.37 per cent

CMHC predicts 89% nominal price increase by 2030.  Read the full report here.

VICTORIA REAL ESTATE SEARCH

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