Homeowners

Homes under construction are seen in a new subdivision in the Ottawa suburb of Kanata, on Friday, July 30, 2021. First-time homebuyers in Canada are facing one of the toughest real estate markets in generations. THE CANADIAN PRESS/Justin Tang

Tips for first-time homebuyers as affordability in Canada continues to deteriorate

Home prices slowly beginning to improve, but overall affordability still down

 

(File photo)

Deadline to appeal 2022 assessments for PQB property owners is Jan. 31

Assessed values up 34 per cent in Parksville

 

Snow-covered houses and the downtown skyline are seen with the North Shore mountains in the distance in Vancouver on Thursday, December 30, 2021. Those who own a home in British Columbia valued at just under $2 million will still be eligible for the annual homeowner grant. THE CANADIAN PRESS/Darryl Dyck

Homeowners grant threshold leaps to $1.9 million in B.C. as property values increase

New cap will ensure 92 per cent of residential properties are covered

 

A real estate sign is pictured in Vancouver, B.C., on June 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Parents are gifting increasingly large sums of money for kids’ down payments: CIBC

Average gift for first time homebuyers rose to $82,000 in 2020

A real estate sign is pictured in Vancouver, B.C., on June 12, 2018. THE CANADIAN PRESS Jonathan Hayward
The average Greater Victoria homeowner holds close to $500,000 in mortgage debt, according to credit education company Borrowell. (Black Press Media file photo)

Average Greater Victoria homeowner holds $500,000 in debt

Greater Victorians exceed national debt average

The average Greater Victoria homeowner holds close to $500,000 in mortgage debt, according to credit education company Borrowell. (Black Press Media file photo)
The province of British Columbia has taken over homeowner grants, and municipalities can no longer accept applications. Applications must now be submitted, either online or over the phone, directly to the province. (PQB News file photo)

B.C.’s change to homeowner grant applications starts this year

Municipalities can no longer accept applications

The province of British Columbia has taken over homeowner grants, and municipalities can no longer accept applications. Applications must now be submitted, either online or over the phone, directly to the province. (PQB News file photo)
(PQB News file photo)

City of Parkville notes new process for B.C.’s homeowner grant

Applications to be sent directly to provincial government

(PQB News file photo)
Homes are pictured in Vancouver on April 16, 2019. THE CANADIAN PRESS/Jonathan Hayward

Ottawa to change stress test rate for insured mortgages next month

Qualifying rate will be borrower’s contract rate or weekly median 5-year fixed insured mortgage rate

Homes are pictured in Vancouver on April 16, 2019. THE CANADIAN PRESS/Jonathan Hayward