In Canada’s dynamic real estate industry, foreclosure and power of sale processes play a crucial role in ensuring the orderly resolution of financial disputes and the protection of lenders and borrowers. In British Columbia, Canada, these processes are well defined, providing a legal framework that governs the transfer of property when a borrower defaults on … Read more
Overview of the Canadian Banking SystemThe Canadian banking system is dominated by a few large banks – these are often referred to as the “Big Five”. These banks include the Royal Bank of Canada (RBC), the Toronto-Dominion Bank (TD), the Bank of Nova Scotia (Scotiabank), the Bank of Montreal (BMO), and the Canadian Imperial Bank … Read more
As we approach the next Federal Reserve (Fed) meeting on September 17-18, 2024, it is important for both current homeowners and potential buyers to understand how this could impact mortgage rates. Let’s break down what a potential rate cut means for your home buying or refinancing plans. What is the Federal Reserve doing? The Federal … Read more
Although everyone has been enjoying incredible fall weather, it’s not just the temperature that’s rising. It appears the bond market is taking a cue from Mother Nature and heating up as well. While I would hate to go against the chorus of real estate agents saying you have to buy now to afford a home, … Read more
Even though real estate is becoming more and more expensive in British Columbia and the rest of Canada, owning property in Canada still has many advantages that make real estate investing an attractive opportunity. If you are considering investing in real estate in Canada in 2024, here are 5 reasons to invest and why you … Read more