For many Canadians, buying a home represents the most significant financial investment they will ever make. However, the dream of homeownership is becoming increasingly out of reach due to soaring housing prices, affecting middle-class citizens nationwide and prompting concerns about market stability. In response to these market conditions, starting on June 1st, 2021, the Office of the Superintendent of Financial … Read More
OSFI Considers Increasing Stress Test For Uninsured Mortgages
Sound residential mortgage underwriting is always important for the safety and stability of financial institutions; today it is more important than ever. – Jeremy Rudin, Superintendent The Office of the Superintendent of Financial Institutions (OSFI) restarted its consultation on the minimum qualifying rate for uninsured mortgages, and re-emphasized the importance of sound mortgage underwriting. This is likely stemming from several … Read More
Easter Long Weekend Activities For Families
Easter is indeed a magical time, especially when it ushers in the warmth, the melodious chirping of birds, and the burst of new life in gardens. Here in Surrey, the sight of cherry blossoms beginning to flower adds to the season’s charm. The springtime atmosphere in the Lower Mainland is truly enchanting and offers a perfect backdrop for the holiday. … Read More
Your BC Property Assessment For 2021
It’s that time of year again! The B.C. Assessment Authority released its online record of property valuations for 2020. BC Assessment collects, monitors and analyzes property data throughout the year. Property assessments are based on property values as of July 1st of every year. Interested in learning more about the assessment process, appeals and what the results mean for you? … Read More