Archive for: July 2016

Michael Campbell on the new Vancouver Property Transfer Tax and how Canada will be impacted

Filed under: Mortgage - 29 Jul 2016

THINK OUTSIDE THE BOX:  History makes it very clear that serious problems for the economic and financial system occur with sharp price drops in real estate not high prices.

What impact will the 15% foreign property tax have on the market? …

ATB Survey shows growing optimism

Filed under: Mortgage - 29 Jul 2016

THINK OUTSIDE THE BOX:  There are signs of growing optimism that believe Alberta’ s economy will be stronger in six months.

There’s no doubt Alberta’s economy is still facing a tough road ahead. But, according to ATB Financial’s most recent Business Beat survey, …

B.C. to bring in a 15 per cent additional real estate tax on foreign buyers

Filed under: Mortgage - 27 Jul 2016

THINK OUTSIDE THE BOX:  Effective August 2, Alberta (Canmore) will be a bargain!

Foreign nationals who buy real estate in Metro Vancouver would pay an additional property transfer tax of 15 per cent under legislation being brought in today by the British Columbia …

Residential Market Commentary – July 18, 2016

Filed under: Mortgage - 21 Jul 2016

THINK OUTSIDE THE BOX:  There is one indicator that buyers may, finally be responding to the unrelenting price increase:  sales volumes were off nearly 1% in June, compared to May.

 The average price of a home in Canada …

How to score the best mortgage and wipe out that debt

Filed under: Mortgage - 15 Jul 2016

THINK OUTSIDE THE BOX:  It pays to do your homework before you lock into a mortgage or refinance your current deal.  You could wind up saving thousands of dollars while avoiding some serious pitfalls.

Struggling to pay the bills? Chances are …

Residential Mortgage Quarterly Review – July 14, 2016

Filed under: Mortgage - 14 Jul 2016

THINK OUTSIDE THE BOX:  As we head into the third quarter of 2016 we can see some of the projections from Q2 starting to take shape.

The June figures from the Canadian Real Estate Association for Toronto and Vancouver suggest the …

VERICO Economist on Brexit

Filed under: Mortgage - 13 Jul 2016

THINK OUTSIDE THE BOX: The key to know is that the Brexit vote and the demise of the European union is driven by economic and financial events not politics.

An excerpt from the VERICO Quarterly Highlights report from Economist Michael Campbell.

Brexit …

The United States is Alberta’s best customer

Filed under: Mortgage - 04 Jul 2016

THINK OUTSIDE THE BOX:  Not surprisingly, the number one product we sell to US buyers is oil and gas.

Given that it‘s the Fourth of July, today’s Owl takes a look at Alberta’s merchandise exports to the United States.

The US is by …