Victoria Real Estate News

REAL ESTATE NEWS: VICTORIA

Housing debate of federal election party leaders

Breaking Down the Housing Debate

Everything you need to know ahead of the 2019 Federal Election The 2019 federal election is fast approaching, and the housing debate continues to be a hot topic in the country. A national housing strategy that’s assessed annually and updated…

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couple using first-time home buyer incentive

Demystifying the First Time Home Buyer Incentive

As Canadians continue to struggle with high housing prices, the federal government has stepped in to help carry the weight of those hefty mortgage payments with the First Time Home Buyer Incentive. Trudeau has earmarked $1.25 billion in funding to…

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Bank of Canada interest rate announcement

Bank of Canada makes its latest interest rate announcement

As was widely expected, the Bank of Canada has announced that it will maintain its overnight interest rate target at 1.75 per cent, marking its seventh straight decision to hold steady since raising its interest rate almost a year ago.... Read More
mortgage rules impacting loans

Feds ease up on tough mortgage rules

The mortgage rules aren’t as tough today as they were one week ago, thanks to the Bank of Canada’s decision to lower its five-year benchmark qualifying rate to 5.19 per cent. This marks the first downward move since September 2016,…

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REMAX Home Value Estimator tool home page

RE/MAX Launches New Home Value Estimator

RE/MAX is pleased to announce the launch of its new Home Value Estimator in Canada, in partnership with Teranet and now available to consumers on REMAX.ca. “Today’s homebuyers and sellers are savvier than ever, and most do their own research before reaching out…

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Bank of Canada interest rate announcement

Bank of Canada holds interest rate steady

In its latest interest rate announcement, the Bank of Canada is maintaining its overnight interest rate target at 1.75%, marking its sixth straight decision to hold steady, since raising it last October. The Bank justified its decision citing an improving…

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renovation to yield the best return on investment

Is a Renovation Worth the Return on Investment? Consumers think so.

One of your objectives as a homebuyer – and ultimately, a home seller – is to achieve the highest return on investment. A hot property value boils down to a number of factors, such as location, proximity to public transit,…

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remax recreational-property report cover image

2019 survey reveals Millennials’ interest in recreational property higher than ever

The RE/MAX 2019 Recreational Property Trends survey conducted by Leger finds that the majority of Millennials (56 per cent) are in the market to purchase a recreational property. This is up 14 per cent from last year, when just 42…

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News that Bank of Canada holds rate

Bank of Canada holds rate at 1.75%

In a widely anticipated move, the Bank of Canada holds its rate steady at 1.75%, citing the economic slowdown in late 2018 and early 2019. This marks the fifth consecutive time that the Bank has maintained its key rate, since…

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Best places to live Calgary

Brampton and Calgary top list of Canada’s best places to live

Canadians have lots of great options when it comes to choosing the best places to live, with many of the country’s biggest hubs ranking high in liveability factors such as transportation, access to parks and to employment opportunities, according to…

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