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…
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…
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…
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…
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…
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…
When businesses need to acquire equipment, they often face the dilemma of whether to buy new or used equipment. While new equipment may have its advantages, it often comes at a higher cost, making it unaffordable for many small businesses.…
Canada’s newest registered savings plan, the tax-free first home savings account (FHSA), officially launched on April 1st, 2023. The FHSA allows prospective first-time homebuyers to contribute up to $40,000 and save on a tax-free basis towards the purchase of their…
The Bank of Canada has announced its decision to maintain its target for the overnight rate at 4½%, which is great news for the Canadian economy. The Bank Rate will remain at 4¾%, and the deposit rate at 4½%. Moreover,…
In an effort to address housing affordability concerns, the Government of Canada introduced the Prohibition on the Purchase of Residential Property by Non-Canadians Act, a two-year ban on foreign buyers. However, industry stakeholders raised concerns about some of the details…
Looking for customized Mortgage and Equipment Financing services at competitive rates? Choose East to West Group for tailored financial solutions. Visit us today!
© 2023 East to West Group of Companies. All rights reserved.