As real estate prices remain high in Canada's urban centres, young families are looking for unique ways to finance their dreams of recreational property ownership. In a recent survey conducted by Leger, more than a quarter (28 per cent) of Canadians with children under the age of 18 indicated they would consider selling their primary residence in the city in which they live in order to purchase a...
By now you may have heard it: The Bank of Canada (BoC) just raised its overnight interest rates by 0.25%. This is the first time the rates have gone up in seven years. What does this mean for those in the South Okanagan who have a mortgage or are hoping to get one soon? Here’s a rundown of different scenarios: If you have a variable-rate mortgage Some 30 percent of Canadians have a mortgage with...