Glacier Media Real Estate

What you need to know about deferring mortgage payments due to COVID-19

Glacier Media Real Estate spoke with 5 mortgage experts who offered their insights and advice on some FAQs

Interest rates on new mortgages increasing, despite Bank of Canada rate drop

Fixed mortgage rates hiked, discounts on variable rates slashed as banks desperately seek liquidity, while government intervenes

‘Unprecedented paralysis of activity’ to curtail B.C. home sales: BCREA

Any buyer stimulus due to lower interest rates will be offset by economic paralysis, predicts association, which also calls for financial aid for households

Canada’s big banks, credit union announce mortgage payment deferrals

Big Six and Vancity offering up to six months payment free for mortgage holders unable to make payments due to pandemic

Value of B.C. home sales in February jumps 41% year over year

Province's average home sale price last month was 12 per cent higher than a year ago, on sales that were up 26.3 per cent

Canadian reverse mortgage debt tops $4b for first time

Reverse mortgage debt increased 13 per cent over one year, as more seniors choose to stay in their homes

Robust home sales outpace low inventory in Metro Vancouver last month: board

Home sellers once again getting the upper hand as demand exceeds supply, especially among condos and townhomes

Metro Vancouver’s luxury home prices forecast to slip further

While the region’s overall market recovers from recent correction, prime real estate still has a way to go, predicts Royal LePage

Budget 2020: No new relief for renters or homebuyers

Zero new housing measures or changes to housing policy from provincial government, which uses Budget 2020 to reiterate existing 10-year plan

Condo owners face huge bills from massive strata insurance rate hikes

Strata property owners – and those who rent from them – are looking at unprecedented costs, while some strata buildings risk losing their insurance entirely