Bank Of Canada Holds Steady, A Burn, A Goat And A Cuddle

DLC West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

team@westcoastmortgages.ca
604-534-6504
http://www.westcoastmortgages.ca/

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Foreclosures List

 

Abbotsford Houses
Abbotsford Condos and Townhouses
BC Northern Houses Single Family
BC Northern Houses with Acreage
BC Northern Condos and Townhouses
Burnaby Houses
Burnaby Condos and Townhouses
Chilliwack Houses
Cloverdale Houses
Cloverdale Condos and Townhouses
Coquitlam Houses
Coquitlam Condos and Townhouses
Hope Houses
Ladner Houses
Langley Houses
Maple Ridge Houses
Maple Ridge Condos and Townhouses
Mission Houses
Mission Condos and Townhouses
North Delta Houses
North Delta Condos and Townhouses
North Surrey Houses
North Surrey Condos and Townhouses
North Vancouver Houses
North Vancouver Condos and Townhouses
Richmond Houses
Richmond Condos and Townhouses
South Surrey White Rock Houses
South Surrey White Rock Condos and Townhouses
Squamish Houses
Surrey Houses
Tsawwassen Condos and Townhouses
Vancouver East Houses
Vancouver East Condos and Townhouses
Vancouver West Houses
Vancouver West Condos and Townhouses
West Vancouver Houses
West Vancouver Condos and Townhouses
Edmonton Foreclosures
Fort Mcmurray Foreclosures
Kamloops detached homes around $500k

Calgary Foreclosures 



Bank of Canada holds key interest rate at 5%, says things moving in right direction

 

Jenna Benchetrit · CBC News · Posted: Apr 10, 2024 6:49 AM PDT 

The Bank of Canada has held its key interest rate at five per cent for the sixth consecutive time since July, saying it will look for signs that slowing inflation is sustained before moving on rate cuts.

The central bank said that inflation is still too high, but noted that core inflation measures — which strip out volatile sectors like food and energy — have trended downward in recent months.

"I realize that what most Canadians want to know is when we will lower our policy interest rate. What do we need to see to be convinced it's time to cut?" Bank of Canada governor Tiff Macklem said during a news conference following the announcement.

"The short answer is we are seeing what we need to see, but we need to see it for longer to be confident that progress toward price stability will be sustained. The further decline we've seen in core inflation is very recent. We need to be assured this is not just a temporary dip."

Macklem said that a rate cut in June is "within the realm of possibilities."

While inflation cooled to 2.8 per cent in February, with price growth slowing across goods, food, clothing and services, high rent and mortgage interest costs continue to drive up the overall inflation rate.

The bank expects inflation will move closer to its two per cent target this year, and that it will reach it in 2025. The bank also expects solid GDP growth this year and in 2025, due to population growth and increased household spending.

Continue reading...



Is That A Goat???

 

The other week our dogs startled us with loud barking and when we went to check out why, we saw this.  I don't know about you, but we have never seen a goat being walked on a leash.  There's a first time for everything!



Spring Burn

 

One of the nicest parts about living in the middle of nowhere is that we get to have campfires, at least before the fire ban sets in.  Last summer we rebuilt our firepit and it is working really well. 



Samson The Office Pup

 

Samson loves a good cuddle, and he doesn't care  what you are doing when he needs his loving.  He regularly demands that I stop what I am doing and snuggle him.  Not a bad way to have a break during a busy day.  



Your 2024 Tax Claims Kick Off

 

Most Canadians must file their tax return by April 30, which is also the deadline to make a payment for those who owe money to the government.Canadians who are self-employed, along with their spouses or common-law partners, have until June 15. Since that day falls on a weekend, the CRA will consider a return to be on time if it is received by or postmarked on or before June 17.

Self-employed Canadians must still pay money owed to the CRA by the April 30 deadline to avoid paying interest.

FHSA, home office claims among changes

This marks the first year that taxpayers will be able to enter deductions on the First Home Savings Account (FHSA), a type of tax-free account rolled out by the federal government last year to help Canadians save on their first home.

"Your contributions to the FHSA are tax-deductible, while your withdrawals — as long as you use them for the down payment of a purchase of your first home — are tax-free," said Gerry Vittoratos, a national tax specialist with UFile.ca.

The program allows prospective homebuyers to start saving for up to 15 years once they open an account, with an annual $8,000 deposit cap and a lifetime contribution limit of $40,000.

Canadians who've opened this type of account will receive a new slip called the T4FHSA, which will provide the details needed to complete your tax return.

Financial institutions and employers have until the end of February to send tax slips to the CRA. So most taxpayers might not even get their slips until early March, "and that's really the kick-off of the season," Vittoratos said.

Canadians might also notice that the temporary flat-rate method for claiming employees' home office expenses — such as rent, electricity, internet and office supplies — is no longer available.



Tax Changes for Flippers, Co-signers and Property Transfer & A Bank of Canada Update

DLC West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

team@westcoastmortgages.ca
604-534-6504
http://www.westcoastmortgages.ca/

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March Foreclosure List

 

Abbotsford attached
Abbottsford Detached
Burnaby Attached
Burnaby Detached
Langley Detached
Maple Ridge, Pitt Meadows Attached
Maple Ridge, Pitt Meadows Detached
Mission Attached
Mission Detached
North Vancouver West Vancouver Attached
North Vancouver West Vancouver Detached
Port Coquitlam, Coquitlam, Port Moody Attached
Port Coquitlam, Coquitlam, Port Moody Detached
Richmond Attached
Richmond Detached
Surrey Delta Cloverdale Detached
Surrey, North Delta, Cloverdale Attached
Tsawwassen, Ladner Attached
Tsawwassen, Ladner Detached
Vancouver East Attached
Vancouver East Detached
Vancouver West Detached
Vancouver West Attached



Bank of Canada holds key interest rate at 5% again, saying it's still too soon for rate cuts

 

Jenna Benchetrit · CBC News · Posted: Mar 06, 2024 6:51 AM PST 

The Bank of Canada has held its key interest rate at five per cent again, saying that it's still too soon to consider rate cuts while underlying inflation persists.

Economists were widely expecting the central bank to hold the rate. The bank said in a note on its website that it was still concerned about underlying inflation, which strips out volatile items like food or fuel.

Bank of Canada governor Tiff Macklem elaborated on those concerns during a press conference following the announcement. 

He said there are still global risks — like the attacks on Red Sea shipping routes, which have impacted global shipping costs — that could feed into higher inflation if they escalate.

Domestically, "we are seeing a gradual easing in underlying inflationary pressures. The risk is that stalls," he said. "We don't want inflation to get stuck, materially, about our [2 per cent inflation] target."

The central bank expects inflation to stay close to three per cent during the first half of this year before it slowly eases.

Continue reading here...



BC Government Budget Affecting Real Estate

 

 BC Government Unveils New Housing Measures in 2024 Budget 

The BC Government has recently introduced a range of new housing measures in its 2024 budget, aimed at addressing the ongoing housing crisis in British Columbia.

BC Home Flipping Tax: Starting January 1, 2025, a new tax will be implemented on the sale of residential properties within two years of purchase, targeting speculative real estate practices. This move is expected to contribute to stabilizing housing prices and increasing the availability of affordable homes. Exemptions to the home-flipping tax will be available to people who face unavoidable life changes, including death and divorce, job relocation or loss, and people who are adding to B.C.’s housing supply.

Enhanced Property Transfer Tax Exemptions: Significant improvements have been made to make home ownership more accessible. The First Time Homebuyers’ Program has been expanded, with increased thresholds allowing more buyers to benefit from tax exemptions. This includes full exemptions for homes valued up to $835,000 and partial exemptions for those up to $860,000, potentially saving buyers up to $8,000. Furthermore, buyers of newly built homes valued up to $1.1 million will enjoy reduced costs, encouraging the purchase of new properties.



The Eagle Who Visited For A Week

 

Living very close to the middle of nowhere has quite a few perks.  One of the most surprising, for us previous city slickers, is the amount and variety of bird life we get to witness. 

We have all the usual suspects; crows and seagulls and sparrows, and we get some more unusual species; herons and osprey and turkey vultures, to name a few. But the eagles are far and away the most majestic. 

For one week last month, this mighty bald eagle showed up at our neighbours house for a snack each morning.  Now, we certainly do not condone feeling wildlife, but these little visits made for some amazing up close experiences, and some great pictures!   



Lila Goes To The Dentist

 

Little Lila Lou celebrated Valentine's Day by getting her teeth cleaned. Sadly, she had to have 6 of her little teeth pulled out.  Poor lady has a very small mouth and such large teeth! 

She faired well and was all gummy smiles after.  She may have still been experiencing the lingering effects of general anesthetic in this pic...   



Co-signing A Mortgage May Now Require Filing A T3

 

New trust reporting rules came into effect December 31, 2023, which apply to bare trusts in Canada.  If you have co-signed a mortgage for a home where you hold at least 1% of the title, and you are not living in that home, these new rules apply to you. 

Most commonly, these new rules will apply to parents who have co-signed for their children's mortgage and, subsequently, hold 1% of the title of that home.  If you do not file a T3, the penalty can be as much as $2500 or 5% of the fair value of the property held in trust.

If these rules apply to you, you have until April 2, 2024 to file a Schedule 15.  Please contact your accountant for further assistance in making your filing.

 



New Year, New Rates And New Hope

DLC West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

team@westcoastmortgages.ca
604-534-6504
http://www.westcoastmortgages.ca/

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January 2024 Foreclosures

 

Jan 2024 Burnaby Detached
Jan 2024 Abbotsford Detached
Jan 2024 Burnaby Attached
Jan 2024 Mission Detached
Jan 2024 Chilliwack Detached
Jan 2024 New West Attached
Jan 2024 North Van Detached
Jan 2024 North Van Attached
Jan 2024 Langley Detached
Jan 2024 Pitt Meadows Maple Ridge Attached
Jan 2024 Pitt Meadows Maple Ridge Detached
Jan 2024 Tricities Attached
Jan 2024 Richmond Attached
Jan 2024 Surrey Attached
Jan 2024 Richmond Detached
Jan 2024 Tricities Detached
Jan 2024 Surrey Detached
Jan 2024 West Vancouver Attached
Jan 2024 White Rock Delta Detached
Jan 2024 West Vancouver Detached
Jan 2024 White Rock Delta Attached
Jan 2024 Vancouver Detached
Jan 2024 Vancouver Attached



The Bank of Canada Holds Rates Steady And Expects Rate Cuts Later This Year

 

By Dr Sherry Cooper, Chief Economist Dominion Lending Centres

Today, The Bank of Canada held the overnight rate at 5% for the fourth consecutive meeting but provided an outlook suggesting that monetary easing will begin by mid-year. The Bank forecasts a soft landing for the Canadian economy, with inflation falling to 2.5% by the end of this year. While some economists predict a recession, the Bank suggests that "growth will likely remain close to zero through the first quarter of 2024" and "strengthen gradually around the middle of 2024." This would be a soft landing. 

While inflation ended 2023 at 3.4%, owing mainly to high and sticky shelter costs, "the Bank expects inflation to remain close to 3% during the first half of this year before gradually easing, returning to the 2% target in 2025. While the slowdown in demand is reducing price pressures in a broader number of CPI components and corporate pricing behaviour continues to normalize, core measures of inflation are not showing sustained declines."

Continue reading here...



What's the interest rate outlook in Canada for the year ahead?

 

By Fergal McAlinden 18 Jan. 2024 for CMP

The direction of rates will have huge influence over Canada’s housing and mortgage markets in 2024.  

Dropping interest rates on both the fixed and variable fronts are expected to be among the big trends of the year in Canada’s mortgage market, although there’s little consensus as to when both rates will start to fall in earnest – and how far they’ll slide.

Fixed rates have already been on the way down in recent weeks, with top banks cutting in response to plunging bond yields, while all eyes are on the Bank of Canada and a possible date for the beginning of cuts to its benchmark rate, which leads variable mortgage rates.

In its newly released forecast for the year ahead, digital mortgage brokerage nesto noted that each of Canada’s five leading banks anticipate a lower central bank policy rate by the end of the year.

The company highlighted that Bank of Montreal (BMO), Royal Bank of Canada (RBC), and Scotiabank all believe the Bank of Canada’s trendsetting rate will have fallen to 4.0% by the end of the fourth quarter, while Canadian Imperial Bank of Commerce (CIBC) forecasts a 3.50% rate by then and National Bank see it sitting at 3.25%.

Continue reading here...



Welcome 2024!

 

Happy New Year!  We hope you all had a marvelous Holiday Season and rang in the New Year with friends, family, joy and love.   

We want to send out a big thank you to our amazing clients and referral partners who helped us get through a somewhat tumultuous 2023. It was a year filled with rate hikes and a very slow real estate market, and we can't say we were terribly sorry to see it go. 

Already this year is looking to be busier, and we are ready to serve all that pent up real estate demand.  We are excited for 2024, and look forward to helping you, and anyone you send our way, with all of your mortgage needs.  

Bring on 2024! Here's to Home!

Jamie & Michelle

 



Hey You! Are You Worried About Interest Rates?

 

Things are looking up and rates are coming down! 

The Bank of Canada may not have lowered their overnight rate today, however, they did offer some good news, signaling that rate drops could start as early as April or June.  We have also seen a steady decline in fixed interest rates, a trend we expect to continue throughout 2024.  If you are worried about interest rates and would like to discuss options, we are always to help!

In other good news, if you, or someone you love, is over 55 years of age, we can explore doing a CHIP Reverse Mortgage to eliminate mortgage and debt payments all together.  With rates lower than most HELOCs, personal loans and Credit Cards, a CHIP mortgage could bring financial comfort to older Canadians looking to remain in their homes when retirement reduces their income.  Many of our clients are absolutely thrilled with their CHIP Reverse Mortgage, and you could be too.  Contact us to today for more information.  



First Home Savings Account or FHSA - What Is It And How Does It Work?

 

What is a First Home Savings Account?

The First Home Savings Account is a registered plan that was introduced by the federal government in 2022 and it is designed to help first time home buyers save funds towards a down payment for a new home TAX-FREE.  This program can be used in conjunction with RRSP savings, which allows up to $35K to be used under the current Home Buyers' Plan.  Unlike an RRSP, the FHSA withdrawals do not need to be paid back over a 15 year period.  

Who Is Eligible To Open A FHSA

To be eligible to use this program you must be at least 18 years old (or no less than the age of majority in your province, so 19 years old in B.C.), be a Canadian resident with a Social Insurance Number and be purchasing your first home.  If you have owned a home in the past, you may still be eligible to use this program provided you have not owned a home where you have lived in the last 4 years. 

How Does A FHSA Work?

You can then set up an account with your regular bank and make annual contributions up to $8000 with a lifetime limit of $40,000.  Should you contribute less than $8000 annually, your contribution room is carried forward to the following year.  The account can remain open for a maximum of 15 years or until the end of the year when the account holder turns 71. The funds you save are tax-free! 

If you are looking for more information on this program, click here...



No Rate Increase by the Bank of Canada, Lila's 8th Birthday and the West Coast Ladies Play with Wood

DLC West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

team@westcoastmortgages.ca
604-534-6504
http://www.westcoastmortgages.ca/

DLC West Coast Mortgages - Facebook DLC West Coast Mortgages - Twitter DLC West Coast Mortgages - Linkedin

December Foreclosures

 

Dec 2023 Abbotsford Attached
Dec 2023 Burnaby Attached
Dec 2023 Delta Whiterock Attached
Dec 2023 Burnaby Detached
Dec 2023 Delta Whiterock Detached
Dec 2023 Langley Detached
Dec 2023 Chilliwack Detached
Dec 2023 Mission Detached
Dec 2023 New Westminster Attached
Dec 2023 Abbotsford Detached
Dec 2023 North Vancouver Attached
Dec 2023 North Vancouver Detached
Dec 2023 Pitt Maple Detached
Dec 2023 Pitt Maple Attached
Dec 2023 Richmond Detached
Dec 2023 Tri Cities Detached
Dec 2023 Richmond Attached
Dec 2023 Surrey Attached
Dec 2023 Tri Cities Attached
Dec 2023 Surrey Detached
Dec 2023 West Vancouver Attached
Dec 2023 West Vancouver Detached
Dec 2023 Vancouver Detached
Dec 2023 Vancouver Attached



The Bank of Canada Held Rates Steady and Took A More Neutral Tone

 

By Dr Sherry Cooper, Chief Economist, Dominion Lending Centres

It was widely expected that the Bank of Canada would maintain its key policy rate at 5% for the third consecutive time. It will continue to sell government securities (quantitative tightening) to normalize its balance sheet. Market participants weighed and measured each word of the BoC press release and assessed that the Bank took a less hawkish stance. 

This time, the release said, "Higher interest rates are clearly restraining spending: consumption growth in the last two quarters was close to zero, and business investment has been volatile but essentially flat over the past year. Exports and inventory adjustment subtracted from GDP growth in the third quarter, while government spending and new home construction provided a boost. The labour market continues to ease: job creation has been slower than labour force growth, job vacancies have declined further, and the unemployment rate has risen modestly. Even so, wages are still rising by 4-5%. Overall, these data and indicators for the fourth quarter suggest the economy is no longer in excess demand."

Continue reading here...



B.C. increases violation fines, will require data sharing for short-term rentals

 

B.C. has put in place new legislation to help municipalities regulate short-term rentals on sites like Airbnb, which provincial and municipal leaders say is affecting the availability and price of long-term housing.

The new rules passed their first reading on the BC Legislature in the middle of October 2023 and include increasing fines for hosts breaking local municipal bylaw rules to $3,000 per infraction, per day, from $1,000.

All short-term rental platforms will also be required to share data with municipalities to improve local enforcement, although no private information about hosts will be released publicly.

In addition, all short-term rental platforms will have to include the business licenses and registration numbers of listings where they are required by a local government and must remove listings without those requirements quickly.

The province says the new rules, which will come into effect in stages from now through late 2024, are meant to create a minimum regulatory standard for housing available for rent for fewer than 90 days.

Read the entire article here: Click Here



Lila Lou is 8 Years Old!

 

Our sweet little Lila Lou turned 8 years old earlier this month.  We can hardly believe it, mostly because she still runs around like a puppy.  Not bad for a doggie that has had 3 knee surgeries! 

Lila is the spunkiest, most loving little lady ever.  Her most favourite things in the world are begging for vegetables, (especially peppers!), roaming the yard looking for squirrels to play with (scream at), sitting on Jamie when she's busy, and singing the songs of her people.  She detests baths, wet feet, dogs over 15 pounds, and anyone who walks by her house. 

Happy Birthday, Lila Lou, we love you! 



Watch Out World, Jamie and Michelle are Woodworkers! Ish.

 

Over 2 weekends in November Michelle and Jamie attended a hobby woodworking course at the Chilliwack campus of UFV.  What an amazing facility!  You can learn woodworking, welding, automotive repair and autobody work, culinary arts, and a bunch of other stuff. 

Two days, and several gorgeous charcuterie boards later, we have an elementary  understanding of the various tools in the workshop, and a desire to learn more. 

Next Spring  there may have to be a little woodworking shop in the garage... because you can never have too many garden boxes or cutting boards!  



Handy Tools to help you understand how to save Income Tax

 

One of the ways we help our clients save tax is to first of all estimate how much income tax you might owe for 2023 in various Provinces. Let me know if you want to have some help with this.

Thank you Ernst and Young for creating great online Tax and RSP Calculators.

Here is a Calculator to help you understand how much income tax you would likely need to pay in 2023. 

Click Here

If you are wanting to see how much RSP Contributions can save you on Income Tax in 2023, here is a calculator that lets you see how much tax savings a specific amount would help reduce your taxes by in each Province.

Click Here



Bank of Canada Holds Steady, Samson Turned 11 and the Big Ol' Maple Tree Came Down

DLC West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

team@westcoastmortgages.ca
604-534-6504
http://www.westcoastmortgages.ca/

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October 2023 Foreclosures

 

Oct 2023 Chilliwack Attached
Oct 2023 Burnaby Attached
Oct 2023 Burnaby Detached
Oct 2023 Abbotsford Attached
Oct 2023 Mission Detached
Oct 2023 Langley Detached
Oct 2023 Abbotsford Detached
Oct 2023 Delta Whiterock Attached
Oct 2023 Delta Whiterock Detached
Oct 2023 Chilliwack Detached
Oct 2023 Pitt Maple Detached
Oct 2023 New Westminister Attached
Oct 2023 New Westminister Detached
Oct 2023 North Vancouver Attached
Oct 2023 Pitt Maple Attached
Oct 2023 Tri Cities Detached
Oct 2023 Richmond Attached
Oct 2023 Richmond Detached
Oct 2023 Surrey Attached
Oct 2023 Surrey Detached
Oct 2023 West Vancouver Attached
Oct 2023 West Vancouver Detached
Oct 2023 Vancouver Detached
Oct 2023 Vancouver Attached



Hawkish Hold By The Bank of Canada

 

By Dr Sherry Cooper, Chief Economist for Dominion Lending Centres

Oct 25, 2023

The Bank of Canada today held its target for the overnight rate at 5%, as was widely expected. The central bank continues to normalize its balance sheet through quantitative tightening, reducing its Government of Canada bonds holdings. 

The Monetary Policy Report (MPR) detailed a slowdown in global economic growth “as past increases in policy rates and the recent surge in global bond yields weigh on demand.” Continued increases in longer-date bond yields reflect the stronger-than-expected growth in the US, where the Q3 economic growth rate, released tomorrow, is expected to be a whopping 5%. Ten-year yields in the US have risen to nearly 5%, boosting fixed mortgage rates in Canada. 

Oil prices are higher than was assumed in the July MPR, and the war in Israel and Gaza is a new source of geopolitical uncertainty.

Keep reading here....



Bank of Canada likely to begin cutting rates in mid-2024: CIBC's Tal

 

By Fergal McAlinden - 18 Oct 2023 for https://www.mpamag.com/

The Bank of Canada will probably start cutting interest rates by the middle of 2024 – and its overnight rate is likely to settle around 3%, according to CIBC deputy chief economist Benjamin Tal.

Speaking at the Mortgage Professionals Canada (MPC) national conference in Toronto this week, Tal said the central bank is reaching an endpoint on rate hikes, with its trendsetting rate likely to stay around its current level for the first half of next year before ticking downwards again.

With the Bank’s penultimate rate announcement of the year scheduled to take place next week (October 25), Tal said a more relevant issue than another possible rate hike was the question of when rates will begin to fall.

“If they move, they move. If they don’t, they don’t,” he said. “The next question is: Is that the last one? A reasonable answer to that question is this: We are very, very close to the end of monetary tightening.”

Buffers that protected consumers from recent rate increases – namely, the pent-up savings amassed by Canadians during the pandemic – have been slowly whittled away, Tal said, meaning that the impact of rate hikes, and the power of the central bank, have grown.

As a result, he added, there’s little cause for rates to rise further. “Let’s assume that this is the end, the coming two weeks. The next question that I’m sure everybody’s asking is: When are they cutting?

“I say they will not cut interest rates before mid-2024: June, July, whatever the month is. By how much? That’s another conversation to have with clients. We started this at 1.75%. We went to zero, and then we went to [the current high], then we cut in mid-2024. To what? I say 3%.”

Continue reading here...



Samson is 11!!!

 

Our precious little man celebrated his 11th birthday last week, complete with gourmet meatball birthday "cake". 

One would never guess this rambunctious little guy is considered a "senior".  He zooms around the yard, parties with his toys like a puppy, and shows no signs of slowing down.    

Happy 11th Birthday, Samson! 



Goodbye Maple Tree

 

This month we had to say goodbye to the very large, very old Maple tree in our backyard. 

Despite our best efforts to prune and care for her the last 5 years, the old girl was very rotten in the middle and had to be professionally taken down. 

We had Josh and his team from TreeArb out and they made it all look so easy.  If you are in the Chilliwack area and need a wonderful arborist, Josh Ashew at TreeArb Industries is the man to call.  https://www.treearb.com/

On the bright side, after some drying time, we have LOTS of firewood to burn.  Bring on the marshmallows! 



Fall = Fire!

 

Fall is officially upon us and that means it is campfire season!  One of the great joys of living out of town is the ability to have a campfire in our yard.

We have been able to get out a few times to enjoy the weather and roast a few hotdogs.  Nothing tastes better than food cooked over an open fire! 

We love having friends and family over for flame broiled burgers.  If only we could figure out how to make fries on the fire...   



Bank of Canada Takes a Break From Rate Increases and Michelle's BIG Birthday Bash

DLC West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

team@westcoastmortgages.ca
604-534-6504
http://www.westcoastmortgages.ca/

DLC West Coast Mortgages - Facebook DLC West Coast Mortgages - Twitter DLC West Coast Mortgages - Linkedin

Foreclosures List in BC

 

Abbotsford Houses
BC Northern Houses
BC Northern Houses with Acreage
BC Northern Condos and Townhouses
Burnaby Houses
Burnaby Condos and Townhouses
Chilliwack Condos and Townhouses
Chilliwack Houses
Cloverdale Houses
Langley Condos and Townhouses
Maple Ridge Houses
Mission Houses
New Westminster Houses
New Westminster Condos and Townhouses
North Surrey Condos and Townhouses
North Vancouver Houses
North Vancouver Condos and Townhouses
Pitt Meadows Condos and Townhouses
Richmond Houses
Richmond Condos and Townhouses
South Surrey White Rock Condos and Townhouses
Surrey Houses
Surrey Condos and Townhouses
Tsawwassen Condos and Townhouses
Vancouver East Houses
Vancouver East Condos and Townhouses
Vancouver West Houses
Vancouver West Condos and Townhouses
West Vancouver Houses
West Vancouver Condos and Townhouses
Whistler Houses



Bank of Canada holds key rate steady at 5 per cent, says economy is weakening

 

From CTV - The Canadian Press Staff Updated Sept. 6, 2023 8:12 a.m. PDT Published Sept. 6, 2023 3:30 a.m. PDT

The Bank of Canada held its key interest rate steady at five per cent on Wednesday, deciding against another rate hike as the economy begins to falter.

"With recent evidence that excess demand in the economy is easing, and given the lagging effects of monetary policy, governing council decided to hold the policy interest rate at five per cent," the central bank said in a news release.

However, the Bank of Canada is keeping the door open to more rate hikes, noting that its governing council is still concerned about inflationary pressures and "is ready to raise interest rates further if needed."

Canada's inflation rate was 3.3 per cent in July, ticking up from 2.8 per cent in the previous month. Inflation is expected to continue oscillating around three per cent for months to come.

The central bank was widely expected to hold its key rate as evidence grows that higher interest rates are weighing on economic activity.

Read more...



13 Back-To-School Shopping Tips That Will Save You A Fortune

 

Back-to-school shopping doesn’t have to be a drain on your wallet. A few simple tips can help you build a budget-friendly shopping list and save big on all sorts of school supplies. Find out where to score the best deals, how to cut back on expenses, and how to take advantage of parent-friendly tax rebates in this extensive savings guide.

School supplies aren’t cheap. According to a recent survey from RetailMeNot, North American parents spend an average of $507 to get their kids ready for the new school year. Canadians are expected to shell out even more this year. The need for tablets, laptops, and other technology are driving up back-to-school costs as the ongoing pandemic has caused many classrooms to adopt online learning. 

It can be tricky sticking to a budget during this time of year, but it isn’t impossible. Whether you’re planning on sending your kids to school or choosing the distance education route, this step-by-step guide will show you how to put dollars in your pocket while giving your children everything they need to succeed this semester.

Click here for all the tips...



Michelle Turns 50!

 

This summer we celebrated Michelle's 50th birthday with a big party! Surrounded by family and friends, (literally, they were edited out of this pic), she was spoiled rotten. 

Guests even managed to get Michelle dressed up for the occasion! We briefly considered making this pic the cover of our birthday cards for next year.  This idea was strongly vetoed by the birthday girl.  Ahem, birthday woman.  



Lila Versus the Zucchini

 

Although we have been growing a garden since 2019, Jamie is still continually shocked by the sheer abundance of zucchini and how quickly they grow.  Fortunately, Lila enjoys eating the small ones right out of the garden, mostly preventing them from becoming a scourge upon our neighbours. 

Sometimes those tricky zucchini manage to fly under the radar, resulting in zucchini that even Lila isn't brave enough to tackle. Hope the neighbours like muffins, because the freezer is full!   



Teaching Kids About Money

 

Financial independence is a critical skill for future success that your children will not learn anywhere else.

Not only does financial literacy help your children have more success in life, but it allows them to move out sooner and it avoids delaying your retirement with additional expenses to support them.

So, how do you teach your children about money?

Review Your Attitude Towards Money: The first and most important thing is to examine your own attitude towards money. Are you a penny pincher? Frivolous spender? Do you buy on impulse, or take a long time to make a purchase? How much debt do you have? Your financial habits will shape your children. To ensure that you are setting them up for their best financial future, parents need to consider what messages they are sending with their own money habits.
 Give Your Children an Allowance: Providing an allowance to your children (especially one in exchange for chores) is an age-old way of teaching your kids about money. A good guideline is $1.00 per year of your child’s age. For a 10-year-old, this would be $10 per week.
 Teach Your Child to Save: If you are giving your child $10 per week in allowance for chores, encourage them to put even just $1 per week into a piggy bank. In six months, show them how much money they have saved and talk to them about why it is important, and what they can do with that larger amount now.
 Encourage Kids to Think Before They Buy: While it’s hard to get a 10-year-old excited about an RRSP, there are other ways to help them plan ahead. One is to encourage them to think about their purchases before they commit. They saw a toy on TV and they have to have it - teach them about how advertisements are designed to make you want something. Ask them to wait a week. Do they still want it?
 Involve Your Children in the Family Finances: It is more valuable than you might think to let your kids see and hear you discuss financial planning; let them be part of opening and paying bills or planning vacations. Explain why and how much you pay for certain things and discuss affordable choices. This helps them be part of the conversation and will work to instill a sense of financial responsibility as they grow up.

Remember, you are the best example to your children about money. Don’t be afraid to share the ups and downs with them. Be patient with your kids, but don’t give up! The best thing you can do as a parent is to promote financial security and independence

 

 



Another Rate Hike, Extra Cash for Retirement & Too Much Zucchini

DLC West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

team@westcoastmortgages.ca
604-534-6504
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Foreclosures and Court Ordered Sales, July 2023

 

Langley Attached
Langley Detached
Maple Ridge, Pitt Meadows Attached
Maple Ridge, Pitt Meadows Detached
Maple Ridge
Mission Detached
New Westminster Attached
New Westminster Detached
North Vancouver West Vancouver Attached
North Vancouver West Vancouver Detached
Port Coquitlam, Coquitlam, Port Moody Detached
Richmond Attached
Richmond Detached
Surrey Delta Cloverdale Detached
Surrey, North Delta, Cloverdale Attached
Tsawwassen, Ladner Attached
Tsawwassen, Ladner Detached
Vancouver Condo
Vancouver East Attached
Vancouver East Attached
Vancouver East Detached
Vancouver West Detached
Vancouver West Attached



Bank of Canada raises key interest rate for the 10th time since March 2022

 

Annie Bergeron-Oliver CTV National News Parliamentary Bureau Reporter

Updated July 12, 2023 7:24 a.m. PDT Published July 12, 2023 3:58 a.m. PDT

OTTAWA - 

The Bank of Canada has raised its policy interest rate again, making the cost of borrowing more expensive.

The 25 basis points hike brings the Bank’s overnight rate to 5 per cent, the highest it’s been since 2001.

In its Monetary Policy Report, the Bank of Canada says the rate increase was necessary to help slow economic growth and reduce core inflation. Three-month rates of core inflation have been higher than the Bank’s expectation hovering around 3.5 per cent to 4 per cent since September 2022.

The stubbornness of core inflation in Canada suggests that inflation may be more persistent than originally thought,” the Bank’s Monetary Police Report states.

Since the Bank of Canada started raising rates in March 2022 inflation has dropped from a peak of 8.1 per cent last summer to 3.4 per cent in May. This is the 10th interest rate hike since March 2022.

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Would you like some extra monthly cash in your retirement?

 

With rising costs and longer lifespans, many Canadians are financially unprepared for their retirement years. Monthly income from a Reverse Mortgage offers a solution to boost retirement income, provide financial freedom to tackle debts, pursue hobbies, and live stress-free. If you're a retired Canadian Home Owner in need of extra cash or have family members who are 55+ and unable to qualify for new loans, we can help you or your family members find a tailored financial solution, without relying on credit cards or lines of credit.

How monthly income can help you

Monthly income from a Reverse Mortgage is one solution that continues to grow in popularity among Canadians Home Owners 55 or older, offering a tax-efficient way to unlock up to 55% of their home equity in monthly or quarterly instalments, tax-free, without having to make any monthly mortgage payments.

There are a number of ways monthly income from a Reverse Mortgage could help Canadian Home Owners - relieving financial pressure by improving monthly cashflow, using it for home renovations or improvements, adding more travel to your life, and/or helping a family member with an early warm inheritance.

If you would like more information about how monthly income from a Reverse Mortgage could help you, please contact us at 604-534-6504 or team@westcoastmortgages.ca.

We are always here to help! 



Summer Living on the River

 

We have been living in Chilliwack for almost 5 years now, and still the beauty of the river never ceases to enthrall us.  The water is shallow at this time of year, sparkling with brilliant blues and greens that bring to mind our time living near the Caribbean Sea.

There is no better way to spend a hot summer afternoon than becoming lost in the majesty of the rushing water.  We hope you are able to take the time to go and immerse yourself in all of the beauty that BC has to offer this summer.  We feel so very lucky to live here!    



How Much Squash is Too Much Squash?!

 

There is no doubt that, when we aren't making mortgage magic, we have been hard at work on our green thumbs.  Last year we grew 3 zucchini plants and our harvest was, to Jamie's mind, way too big.  We had zucchini coming out of our ears!  This year we somehow managed to grow 5 plants. Michelle swears it was an accident...   OY!!!! 

Even the neighbours are likely to be sick of zucchini any minute now.  Don't leave your cars unlocked in Chilliwack, folks.  You are likely to end up with a back seat full of squash! 



The Impact of Forest Fires on Canada's Housing Market

 

By Fergal McAlinden

11 Jul 2023 for CMP

Hundreds of wildfires have ravaged swathes of Canada since the spring, with 11 provinces and territories impacted by rapidly spreading blazes and millions of acres torched.

That chaos had a severe impact on home construction across the country as sawmills shuttered in some of Canada’s top lumber-producing provinces including British Columbia, where wood production is most heavily concentrated.

Supply concerns as a result of those closures helped bring about an unexpected boost for lumber prices, which had slumped from the beginning of the year but began to tick back upwards as production timescales were pushed further back.

Russ Taylor, a wood market expert based in BC, told Canadian Mortgage Professional that the blazes had spurred demand because of uncertainty over how availability would be affected by the shutdowns.

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BOC Increases Rate By 0.25%, So Much Garden & Jamie's Big Thing!

DLC West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

team@westcoastmortgages.ca
604-534-6504
http://www.westcoastmortgages.ca/

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OPPORTUNITY. Forclosures and Court Ordered Sales. June 2023

 

Port Coquitlam, Coquitlam, Port Moody Detached
Maple Ridge, Pitt Meadows Attached
Abbotsford attached
Langley Detached
New Westminster Detached
New Westminster Attached
Port Coquitlam, Coquitlam, Port Moody Attached
Richmond Attached
North Vancouver West Vancouver Detached
Mission Detached
Tsawwassen, Ladner Detached
Tsawwassen, Ladner Attached
Surrey, North Delta, Cloverdale Attached
Richmond Detached
Vancouver East Attached
Vancouver West Attached
Surrey Delta Cloverdale Detached
Vancouver West Detached



Bank of Canada ends pause on hikes, raises policy rate by 25 basis points

 

Jordan Gowling, CTV National News Producer

Updated June 7, 2023 8:32 a.m. PDT  Published June 7, 2023 3:09 a.m. PDT

OTTAWA - 

The Bank of Canada raised its overnight rate by 25 basis points to 4.75 per cent on Wednesday, its first increase since pausing hikes in January. The central bank’s key interest rate has not been this high since April 2001.

Several factors led to the bank’s decision to raise the key interest rate, including economic growth in Canada. Gross Domestic Product exceeded expectations in the first quarter of this year, growing by 3.1 per cent.

The central bank says demand in the economy has rebounded, with surprisingly strong consumer spending. Housing market activity has picked up again and the Canadian labour market remains tight.

“Overall, excess demand in the economy looks to be more persistent than anticipated,” reads the release.

In April, inflation increased for the first time in 10 months to 4.4 per cent. The bank still expects inflation to decline to 3 per cent by this summer, but concerns remain that inflation could get stuck above the 2 per cent target.

“Goods price inflation increased, despite lower energy costs,” reads the statement. “Services price inflation remained elevated, reflecting strong demand and a tight labour market.”

Continue Reading...



The Reason Most Borrowers Took a Variable Rather Than A Fixed Rate in 2022

 

Last year we saw unprecedented increases to Prime rate as the Bank of Canada drove up borrowing costs to try and counter inflation.  As rates rose, many borrowers had no option but to take a variable rate due to the qualifying restrictions of the Stress Test.  We found that borrowers taking variable rate mortgages qualified for 15% more funding over taking a fixed rate.  

While many variable rate mortgage holders have decided to remain floating, (as we have with our variable rate mortgage), some are wondering why they opted not to lock in.

Below is a chart detailing the increases of Prime rate and where variable rates and fixed rates stood at the same time.  As you can see, variable rates were consistently more affordable until the end of the year. 

Not only did taking a variable rate in 2022 enable borrowers to qualify for more financing, it also decreased payments on average by 30% over taking a fixed rate.

2022 Rate Increase Comparison of VRM (Variable Rate Mortgage) vs Fixed Rate

Date   Bank of Canada      VRM     5 year fixed

Jan 1          --                    1.35%      3.04%

Feb 1          --                    1.45%      3.24%

Mar 2          +0.25%          1.80%      3.49%

April 13       +0.50%           2.60%     4.49%

Jun 1          +0.50%           3.15%      4.94%

Jul 13         +1.00%           4.25%      5.49%

Sep 7          +0.75%           4.95%     5.54%

Oct 26         +0.50%           5.50%     5.54%

Dec 7          +0.50%           5.55%      5.59%

TOTAL        +4.00%          +4.20%    +2.55%



From Jamie: The Biggest Thing to Happen to Me in 2 Years!

 

I get it, this photo looks pretty boring.  An area of dying grass with a flat patch of gravel and another of... just dirt?  Why is this something I am bothering to share with you?  The reason is very personal. 

Something I have not shared with my most of our clients is my recent health challenge.  In May of last year I had a disc replaced in my neck.  My C6-7 to be exact.  The lead up to that surgery was a year of awful pain and stress. The year that followed was a very slow recovery fraught with ups and downs.  I still deal with daily pain, a bad muscle spasm in my neck, a limitation on how many hours I can work at my desk, and a complete transformation of my body as I have been unable to lift more than 10 pounds for 2 years. 

However, there is a light at the end of the tunnel, and this picture proves it!  These flat patches of gravel and dirt used to be 5 cubic yards of gravel and 3 cubic yards of soil.  Total weight of 18,300 pounds or 9.15 tons.  It took me 5 weeks to move it and I finished it on Sunday.  Not a bad improvement over lifting only 10 pounds at at time! 



From Michelle: Garden 2023

 

Oh the joys of having a big home garden!  Having fresh veggies available all summer, canning and freezing all that bounty in the fall and then being able to enjoy the literal fruits of your labour all year long.  Plus, there's all that money to be saved, considering the price of groceries these days! 

It is, however, a whole lot of work.  So, this year, in an attempt to save some time and automate some of the work, I installed a drip irrigation system! It took days and days of toiling in the beating sun, (coming perilously close to sunburn and attaining some deeply unattractive tan lines), attaching little sprinkler heads to 1/4 inch tubing, which then connected to 1/2 inch tubing, that then attaches to the garden hose.  Then undoing all of that to add more 1/2 inch tubing to increase the flow, then changing it all again... It really was a process, but it would save us hours every week!   

Finally, all was set up and I proudly took Jamie out to the garden for a demonstration. I designed it all to turn on with just a single lever on a hose splitter, rather brilliant, I thought.  It was beautiful!  And completely ineffective.  Sigh. Turns out we don't have nearly enough water pressure to operate the system.

So, not being a quitter, I purchased more attachments and reworked the system, then attached a water pump to try and increase the pressure.  Nope! The pump wasn't strong enough to even bother bringing electricity out to the garden. I had no choice but to admit defeat, for now.    

So, it looks like we will not be saving hours of watering time a week, and our home will be getting a water pump upgrade at some point. Next year the garden WILL be automatically watered and running at a several thousand dollar deficit... Oh the joys of having a large home garden!    



The Ultimate Guide to Gardening for Beginners

 

Just a few years ago, we were gardening novices. Now, the season starts in March with seeds and a bunch of grow lights.  Here are some of our plant babies before they made there way out to the garden. There is so much to learn that it can seem overwhelming at first.   

Fortunately, Canadian Living has produced a wonderful guide for gardeners who are just starting out.  From how to grow vegetables in a garden to container planting and tips and tricks for harvesting at the right time.

Check it out here....



First Homes, Foreclosures & Frosting!

DLC West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

team@westcoastmortgages.ca
604-534-6504
http://www.westcoastmortgages.ca/

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April Foreclosure List

 

Langley Attached
Maple Ridge, Pitt Meadows Attached
Abbottsford Attached
Burnaby Attached
Maple Ridge, Pitt Meadows Detached
New Westminster Attached
Mission Attached
New Westminster Detached
Mission Detached
Langley Detached
Richmond Detached
Surrey Delta Cloverdale Detached
North Vancouver West Vancouver Attached
Vancouver East Detached
Richmond Attached
Port Coquitlam, Coquitlam, Port Moody Attached
Vancouver East Attached
North Vancouver West Vancouver Detached
Vancouver West Detached
Surrey, North Delta, Cloverdale Attached
Vancouver West Attached



Financial system has to adjust to higher interest rates, Macklem says

 

by Nojoud Al Mallees, The Canadian Press Staff

Published by CTV Friday, April 14, 2023 8:16PM EDT

OTTAWA -- Bank of Canada governor Tiff Macklem says the financial system has to adjust to higher interest rates, just like the rest of the economy.

Macklem addressed the recent banking stress that was set off in the U.S. last month while speaking to reporters Friday from the sidelines of the International Monetary Fund meetings in Washington, D.C.

The collapse of Silicon Valley Bank, followed by other financial institutions, has raised concerns about the implications of rapid interest rate hiking on financial stability.

But Macklem said central banks won't be backing down, noting they're "resolved in getting inflation back to their inflation targets."

"Households, businesses, governments have to adjust to higher interest rates, and so does the financial system," he said.

The governor said adjusting to higher interest rates can be hard for the financial system, just as it can be difficult for everyone else.

Central banks have raised interest rates aggressively over the last year as they act in unison to crush high inflation that was set off after the COVID-19 pandemic. The rapid rise in interest rates, however, has proven to be challenging for some financial institutions.

Continue reading here...



First Home Savings Account (FHSA)

 

A first home savings account (FHSA) is a registered plan allowing you, as a prospective first-time home buyer, to save for your first home tax-free (up to certain limits). You will be able to open an FHSA starting April 1, 2023.

To qualify to open a FHSA you must be at least 18 years old, be a resident of Canada and be a first-time home buyer.

Your FHSA participation room for the year is the maximum amount that you can contribute to your FHSAs or transfer from your registered retirement savings plans (RRSPs)  to your FHSAs in the year without creating an excess FHSA amount . For more information about transfers, go to Transfers between FHSAs and other registered plans.

Your FHSA participation room in the year that you open your first FHSA =$8,000

The lifetime FHSA limit =$40,000

All contributions you make to your FHSAs and all transfers from your RRSPs to your FHSAs will reduce your remaining lifetime FHSA limit. If your contributions and transfers to your FHSAs in the year exceed your FHSA participation room for the year, you will have an excess FHSA amount. For more information about an excess FHSA amount, go to What happens if you contribute or transfer too much to your FHSAs.



April is a Month of Birthdays!

 

Here at West Coast Mortgages the month of April is a special time as both Jamie and Kelly celebrate birthdays. 

This year Jamie went home to Regina to visit her family for a dual celebration of Easter and her birthday. Annabelle, her amazing 11 year old niece, baked her the most wonderful birthday cake.  This peanut butter pretzel cake was delicious, and sweet Annabelle even did all the basket weave piping herself!  



And So It Begins...

 

As many of you know, we are avid gardeners here at West Coast Mortgages.  Garden 2023 is well on the way to being the best grow yet. 

After having started all our seeds in little pods, Michelle upgraded to larger biodegradable pots and set up a rack and light show to rival all previous years. 

We are only a few short months away from secretly smuggling excess zucchini into the vehicles unsuspecting friends and neighbours... again. 



43 Spring Cleaning Tips From Cleaning and Organizing Experts

 

Nothing beats that feeling of accomplishment when you get a head start on spring cleaning. If you space out your spring cleaning list over a couple of weeks, it might not seem like such an overwhelming task. The easiest way to start is to take it room by room or appliance by appliance with our cleaning tips from organizing and cleaning pros. Grab your cleaning tools, stock up on winning products from our 2022 Cleaning & Organizing Awards, and make sure the battery on your favorite cordless vacuum is charged before you rev it up.

Whether you have only five minutes to freshen things up or you happen to have an entire weekend to dedicate to full spring cleaning days, our pros are here with their best spring cleaning tips to help you out. 

Continue Article Here...



Sun, Snow & Also a Bank of Canada Update...

DLC West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

team@westcoastmortgages.ca
604-534-6504
http://www.westcoastmortgages.ca/

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March 2023 Foreclosures

 

March 2023 Tricities Attached
March 2023 North Van Attached
March 2023 Tricities Detached
March 2023 Richmond Attached
March 2023 West Vancouver Attached
March 2023 Richmond Detached
March 2023 Surrey Detached
March 2023 Surrey Attached
March 2023 Vancouver Detached
March 2023 Vancouver Attached
March 2023 Abbotsford Detached
March 2023 Langley Attached
March 2023 Burnaby Detached
March 2023 Burnaby Attached
March 2023 Chilliwack Detached
March 2023 Abbotsford Attached
March 2023 New West Attached
March 2023 Mission Detached
March 2023 Maple Ridge Detached
March 2023 Langley Detached



Bank of Canada holds key interest rate at 4.5 per cent

 

Jordan Gowling for CTV News

The Bank of Canada maintained its policy rate at 4.5 per cent, following eight consecutive rate hikes since March. The pause was signalled by the central bank in January, in order to assess the full impacts its monetary policy is having on the Canadian economy.

Growth in the Canadian economy stalled last quarter, with restrictive monetary policy weighing on household spending and business investment.

The current inflation rate sits at 5.9 per cent, reflecting a decrease in prices for energy, durable goods and some services. Despite this, food and shelter costs remain elevated, with food inflation at 10.4 per cent.

The central bank remains confident in its projection that inflation will come down in 2023. 

“Overall, the latest data remains in line with the Bank’s expectation that CPI inflation will come down to around 3 per cent in the middle of this year,” the bank said in a news release on Wednesday.  

The Canadian labour market remains tight, with 150,000 new jobs added in January and unemployment remaining at a historic low of 5 per cent. Wages continue to increase by 4 to 5 per cent, however the central bank expects these pressures in the labour market to ease with weak economic growth in next few quarters. 

“This should moderate wage growth and also increase competitive pressures, making it more difficult for businesses to pass on higher costs to consumers,” the bank said.

Despite the pause, the central bank has not ruled out the need to increase its overnight rate again, if economic circumstances change. Global factors, such as the war in Ukraine and the strength of China’s economic recovery, continue to be sources of uncertainty for the inflation outlook.

“Governing Council will continue to assess the economic developments and the impact of past interest rate increases, and is prepared to increase the policy rate further if needed to return inflation to the 2% target,” the bank said.

The next policy rate announcement is expected on April 12, 2023.



B.C. Homebuyers Now Have 3 Days to Change Their Minds

 

VANCOUVER - Ben Miljure for CTV News

Most homebuyers in British Columbia now have three business days to think about their purchase, allowing them to back out if they can’t secure financing or arrange a home inspection – or even if they just get cold feet.

The province’s Home Buyer Rescission period came into effect and takes effect at midnight following the acceptance of an offer.

The government says it will give buyers some protection in the face of rising interest rates and what it calls high-pressure sales tactics.

"Housing remains a top concern for people in B.C. and a top priority for this government," said Finance Minister Katrine Conroy said in a news release. "Buying a home is one of the biggest decisions of people's lives. This is an important milestone as we lead the way in protecting people and strengthening public confidence in the real estate market."

The cooling off period applies to detached houses, townhomes and condos but does not apply when homes are auctioned or when the home is on leased land.

Continue reading...



Sunny Holbox, Mexico

 

Even though we have been to Mexico a bunch of times, and even lived there for a couple years, we had never been to Isla Holbox before last month.  Few people have even heard of this tiny island, maybe because it's kind of a pain to get to, but it was definitely worth it. 

There are no cars on Holbox, just golf carts, scooters and motorcycles making their bumpy way over narrow sand roads.  There is no choice but to sit back, relax and enjoy, because there is very little else to do!   

It is a unique spot that has only recently been "discovered" by tourists.  Most visitors are from Europe, we didn't encounter any other Canadians and only a couple of Americans.

However, the cat is out of the proverbial bag, so If you want to visit this little gem before it gets too busy you had better hurry! 



Whatever, Winter Wonderland

 

We came back from warm, sunny Mexico to this.  It is absolutely beautiful here when it snows, but we are still pretty ready for Winter to end.  While it's certainly nice to get away in the middle of winter, it seems to make us even more impatient for Spring. 

Only two more weeks before we can welcome Spring and we can't wait.  Let the planting begin! 



The Essential Spring Cleaning Checklist

 

While we know there isn’t a one size fits all approach to spring cleaning, we could all use a little bit of guidance when it comes to getting our house in order. So we interviewed the experts to get the inside scoop on how to spring clean without stress. This checklist will take you room-by-room to ensure you cover the essential areas of your home. Before you know it, you’ll be back to doing what you enjoy, like going outside and entertaining with friends.

"Personally, I think you should start with the smallest project on the list," says KC Davis, licensed therapist and author of How To Keep House While Drowning. "Our brain registers to complete a project as a powerful reward and it produces motivation to keep going."

If you still don't know where to start, Professional Organizer and author Nikki Boyd, created a card deckBeautifully Organized In Fifty-Two Weeks, to solve the problem. Boyd took all the tasks on a checklist and turned them into playing cards so you can challenge yourself and your family to tackle one a day.

Trust us, we know that spring cleaning is a giant chore, but after being cooped up in your home all winter, you and your home will appreciate a deep clean to get over those winter blues.

Continue Article Here...