Government Information
BC seeks forfeiture of $2.8 million condo It is owned by an alleged COVID-19 violator A civil action has been filed in British Columbia Supreme Court that could see the owner of a condo in Vancouver stripped of his property after allegedly violating COVID-19 restrictions. The director of civil forfeiture filed the claim last week [&hellip…
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Canadians piled on mortgage debt during COVID-19. Now economists fear a ‘significant’ correction in the market If you bought a home during the COVID-19 pandemic, chances are you took on more debt than those who bought one just ahead of the global crisis. The total number of mortgage purchases shot up in 2020, as buyers scrambled [&hellip…
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Homebuyers Shun CMHC’s First-Time Home Buyer Incentive The federal government’s First-Time Home Buyer Incentive (FTHBI) was meant to offer a path to homeownership for those unable to tap the “Bank of Mom and Dad” for down payment assistance. But first-time buyers have largely rejected the equity-sharing program that was first unveiled in September 2019, according to data [&hellip…
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