Brookswood-Fernridge Plan: Navigating the Impact of Bill 44

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Neighbourhood planning in Brookswood-Fernridge, Township of Langley, has encountered a twist with the introduction of Provincial small-scale multi-unit housing legislation (Bill 44). This legislation, which received Royal Assent on December 7, 2023, mandates municipalities to allow for a significant increase…

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Canadian Inflation Decelerates: A Positive Sign for Economic Stability

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In February, Canada's inflation rate dropped to 2.8%, marking progress for central bank policymakers. This decline marks the first instance of consecutive months below 3% since early 2021. Let's explore economists' viewpoints and predictions:Leslie Preston, Senior Economist at Toronto-Dominion Bank…

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Economic Resilience: RBC and National Bank of Canada Lead Amidst Heightened Provisions

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In the inaugural quarter of the fiscal year, the Royal Bank of Canada (RBC) and the National Bank of Canada showcased notable resilience, outstripping market expectations despite elevating provisions for loan losses, emblematic of a broader trend among Canada's banking…

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Exclusive CEBA Loan Financing Program

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Has your small business taken advantage of the Canada Emergency Business Account (CEBA) during the pandemic? Repaying the loan might appear challenging for those who borrowed and are experiencing financial hurdles, but there is a ray of hope. Let's delve…

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Vancouver’s Real Estate Market Surges

The Vancouver real estate market is on fire, showing robust signs of recovery and growth despite higher mortgage costs. According to the Real Estate Board of Greater Vancouver (REBGV), residential home sales in July soared by nearly 30%, reaching 2,455…

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Canada’s Inflation Rate Drops Below 3%

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Canada's annual inflation rate experienced a significant drop in June, falling to 2.8%, as gas prices continued their descent. This decrease brought the yearly price growth within the Bank of Canada's target range of 1% to 3%. While the overall…

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City of Vancouver Aims to Launch Online Development Permitting Tools, Cutting Down Review Time

In an effort to streamline the City of Vancouver's permitting processes, the local government has announced the upcoming launch of two digital tools: the Project Requirements Exploration Tool (PRET) and eComply. These tools, developed in collaboration with Australian software company…

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BoC increased its rate today by 0.25%

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Buckle up, folks! The Bank of Canada (BoC) is back in action, raising its rates to 4.75% and stirring up some rate-hike anxiety. Whether you have a variable-rate mortgage or a HELOC, it's time to pay attention as this move…

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Co-signing for a Commercial Mortgage in Canada: Key Considerations, Pros and Cons

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Introduction: Co-signing for a commercial mortgage is a significant financial decision that requires careful consideration and expertise. In Canada's dynamic business landscape, professionals and experts must understand the implications, advantages, and disadvantages of co-signing for a commercial mortgage. This blog…

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April Sees a Resurgence in Home Sales as National Average Home Price Raise Back Above $700,000

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The Canadian housing market is seeing a resurgence as home sales spiked by 11.3% in April compared to the previous month. This surge in activity, according to the Canadian Real Estate Association (CREA), indicates that the prolonged slowdown in the…

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