Greater Vancouver Detached Prices Are Rising, While Condos Are Falling The price of a typical home across Greater Vancouver is up from last year. REBGV’s composite benchmark price reached $1,044,000 in November, down 0.1% from the month before. Compared to the same month last year, this represents a 5.8% increase. Prices dropped $1,100 from the
The answer to that question is, perhaps unsurprisingly, that it depends on your circumstances. The decision to move is often equally a lifestyle and financial decision, and it varies for each one of us based on our needs and preferences. Here are the key considerations to keep in mind as you navigate your own decision
And yet, there are many misconceptions about this financial product, which allows Canadians to borrow up to 55% of a home’s value, tax-free, on properties worth $250,000 or more. With home property values soaring and the federal government tightening traditional mortgage qualification rules through a rigorous stress test, more homeowners are looking to reverse mortgages as
