People are buying more condos as housing affordability gets tight. 1 in 2 home sales in Vancouver and Victoria is a condo. In Edmonton, Calgary and the GTA, it’s about 1 in 3. CMP
Do you need a down payment for your first home? Canada’s Home Buyers Program lets you and your spouse each withdraw $20,000 from your RRSP to make the purchase–tax and interest free. Halifax Daily News
“At this point, we see a rate hike in July as a near certainty,” says TD Securities economist Jacqui Douglas. That comes despite news that Canada’s May inflation rate was 2.2%–a bit tamer than expected.
Over the past 10 years the Bank of Canada has never stopped raising rates after just one increase. Vancouver Sun
Press ESC to close
Get The Latest News
Join our mailing list to receive the latest news and updates as they happen. Unsubscribe any time.