Each Office Independently Owned & Operated
Posted by: Yen (Frank) Feng
When it comes to furnishing a new home, building from scratch, or simply choosing to redecorate, there are many ways you can go about it. However, one of the first questions a lot of people consider is whether or not to hire an interior designer or do it themselves. As with anything, there are certain […]
Read MorePosted by: Yen (Frank) Feng
August Inflation Hotter Than Expected Canada’s inflation rate accelerated more than expected for the second consecutive month, mainly driven by higher gasoline prices. This will not be a one-month wonder as gasoline prices rose further in September. The consumer price index increased 4.0% in August from one year ago, the fastest pace since April, after […]
Read MorePosted by: Yen (Frank) Feng
Home Sales Dipped Once Again Last Month In The Wake of Two Consecutive BoC Rate Hikes Not surprisingly, buyers moved to the sidelines last month as the central bank took the overnight policy rate up to 5.0%. Home sales posted a 4.1% decline between July and August, well below the 10-year moving average shown […]
Read MorePosted by: Yen (Frank) Feng
With the current interest rates and economic scenarios, many Canadians may be looking for ways to bring in some extra cash. One option is to put your home equity to work by considering renovating your basement into a legal income suite. You can do this by using a secured credit line (home equity line of […]
Read MorePosted by: Yen (Frank) Feng
Following a marked decline in employment in July, Statistics Canada reported a gain of 40,000 net new jobs in August. Hiring increased in professional, scientific and technical services and construction and declined in educational services and manufacturing. Population growth outpaced the growth in net new employment, depressing the employment rate to 61.9%. The […]
Read MorePosted by: Yen (Frank) Feng
When it comes to getting a mortgage, one of the more overlooked elements is the option to be able to port the loan down the line. Porting your mortgage is an option within your mortgage agreement, which enables you to move to another property without having to lose your existing interest rate, mortgage balance and […]
Read MorePosted by: Yen (Frank) Feng
With last Friday’s publication of the anemic second-quarter GDP data, it was obvious that the Bank of Canada would refrain from raising rates at meeting on September 6, 2023. Economic activity declined by 0.2% in Q2; the first quarter growth estimate decreased from 3.1% to 2.6%. The Bank of Canada’s press release on September […]
Read MorePosted by: Yen (Frank) Feng
The Canadian economy weakened surprisingly more in the second quarter than the market and the Bank of Canada expected. Real GDP edged downward by a 0.2% annual rate in Q2. The consensus was looking for a 1.2% rise. The modest decline followed a downwardly revised 2.6% growth pace in Q1. (Originally, Q1 growth was […]
Read MorePosted by: Yen (Frank) Feng
When it comes to purchasing a home, most offers include conditions or subjects, which are requirements or criteria to be met before the sale can be finalized and the property is transferred. Some of the most common subjects include: Financing approval Home inspection Fire/home insurance protection Strata document review if appliable The purpose of these […]
Read MorePosted by: Yen (Frank) Feng
Home renovation shows have a remarkable ability to inspire, sparking creative ideas for transforming our living spaces. However, amidst the allure of these shows lies a notable caveat – they can be quite deceptive when it comes to the actual process of renovating. While these shows often tempt us to replicate the dazzling transformations we […]
Read More