British Columbia / Alberta
While some borrowers will look to extend the amortizations of their mortgages, others will opt to make lump-sum payments — however, both options “come with their own costs,” an expert says.
Dec 01, 2023
The retail complex at 798 Granville Street is well-known to any Vancouverite due its prime location at the intersection of Granville Street and Robson Street.
Bosa's Rental Revenue Program guarantees a set amount of rental income depending on unit sizes, with Bosa paying the difference if the rental income they receive is lower than what's guaranteed.
Because the Okanagan is a vacation destination, it drew a lot of investors who could more than cover their mortgage and tax costs by booking short-term rental guests. Now, many are having to sell.
"As interest rates and inflation rates gradually decline, there is an anticipation of pent-up investment demand within the property sector," says Morguard's Senior Director of Research Keith Reading.
Across Canada, the majority of winter recreational regions recorded double-digit declines in the number of homes sold during the first 10 months of 2023, according to a new report from Royal LePage.
Real Estate News
A new report looks ahead at Canadian housing in 2024, and forecasts softer sales and prices across all major markets, as well as a drop-off in homebuilding activity.
The project was originally proposed in July 2020 as part of a proposal forwarded by the Moody Centre TOD Master Planning Group, a group of several developers and owners.