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Monthly Archives: November 2016

Competitive Housing Market in Victoria Continues as Inventory Remains Low

Written on November 3, 2016 at 1:29 pm, by

A total of 735 properties sold in the Victoria Real Estate Board region this October, a single property more than the 734 properties sold in October last year. Inventory levels remain lower than last year, with 1,938 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October  Continue Reading »

Should You Stress About the Stress Test? What you should know about new mortgage rules.

Written on November 2, 2016 at 11:06 am, by

On October 3rd, Finance Minister Bill Morneau announced that new mortgage rules will include more stringent “stress testing” for borrowers. The new rules are designed to lower debt levels, enforce some belt-tightening, and protect the housing market over the long term. Here’s how these new rules will affect Canadians. THE HIGH-RATIO RULE There has been  Continue Reading »