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MORTGAGE RATE FORECAST......BCREA


As the year ends, it's worth reflecting on how significantly the Canadian interest rate environment has changed in just twelve months. One year ago, the Canadian yield curve was its usual upward sloping shape, with markets expecting gradual rate increases by the Bank of Canada. Based partly on those expectations, Canadian mortgage rates were climbing. However, within 8 months the yield curve in Canada had inverted, bond yields tumbled, and Canadian mortgage rates were once again heading lower.


https://www.bcrea.bc.ca/economics/mortgage-rate-forecast/


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Vancouver Empty Homes Tax now in effect

The City of Vancouver's Empty Homes Tax is applied annually. The first tax year began January 1, 2017.

The rate is 1.0% of the property’s assessed value.

Owners of non-principal residences that are unoccupied for six months or more each year will pay this tax.

http://www.rebgv.ca/content/rebgv/en/Guidelines-Rules-and-Legislation/Government-Legislation-and-Bylaws/Taxation/Local/empty-homes-tax/vancouver-empty-homes-tax-now-in-effect.html?

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