DV Capital

A provider of residential, commercial, land & construction financing across Ontario, British Columbia & Nova Scotia • Lic 13186 | 3000348 🇨🇦

[DV Capital @dvcapital_]

@DanielVyner @UnrollHelper

[DV Capital @dvcapital_]

The Bank of Canada announced that they reduced their policy rate by a further 0.25% to 4.50%; therefore, we will start to see a reduction in Prime from 6.95% to 6.70%.

The next announcement for the overnight rate target is September 4th 2024.

#bankofcanada #ToRe #dvcapital

[DV Capital @dvcapital_]

The Down Payment Assistance Program, designed to assist first-time home buyers entering the Halifax Regional Municipality & East Hants real estate market is increasing the maximum home purchase price to $570K from $500K & the maximum loan size to $28.5K from $25K.

#novascotia

[DV Capital @dvcapital_]

“With continued evidence that underlying inflation is easing, Governing Council agreed that monetary policy no longer needs to be as restrictive and reduced the policy interest rate by 25 basis points.”

#bankofcanada #tore #vanre #canadianrealestate #dvcapital

[DV Capital @dvcapital_]

Cooling-Off Period for New Home Purchases? Earlier this week, the Government of Ontario proposed legislation to implement a 10-day cooling-off period for new freehold home purchases.

#tore #firsttimehomebuyer #mortgagebroker #dvcapital #torontomortgages #torontorealestate

[DV Capital @dvcapital_]

✍️ What is a Mortgage Sliding Scale?

https://t.co/7YODrueHkb

#tore #vanre #canadianrealestate

[DV Capital @dvcapital_]

✍️ Debunking Mortgage Fees: Lender, Broker & Finders Fees.

https://t.co/0ofIfAAxiv

#dvcapital #tore #vanre #canadianrealestate

[DV Capital @dvcapital_]

Two noteworthy proposals & changes to Budget 2024:

•The introduction of 30-year amortizations for insured mortgage financing on new builds for first-time home buyers.

•Increasing the Home Buyers’ Plan RRSP withdrawal limit from $35K to $60K.

#canadianrealestate #tore #vanre

[DV Capital @dvcapital_]

British Columbia is taking action to support renters & landlords who play by the rules by amending legislation to better protect people from bad-faith evictions, eliminate rent increases when a child is added to a household & resolve rental disputes faster.

#vanre #bchousing

[DV Capital @dvcapital_]

As of April 1, 2024:

•Qualifying first-time buyers buying a home worth up to $835K (from $500K), with the first $500K exempt from property transfer tax.

•Newly constructed homes worth up to $1.1M (from $750K) will see lower costs via the newly built home exemption.

#vanre

[DV Capital @dvcapital_]

It has been announced that nearly 870 new affordable homes are on the way for renters on Vancouver Island through partnerships between the Province and local non-profit housing providers.

#canadianrealestate #vancouverisland #bchousing #buildingbc #affordablehousing

[DV Capital @dvcapital_]

A reminder to stay cautious year-round, especially when faced with requests from unknown sources to divulge personal information and documents. Be wary of unsolicited phone calls & emails posing as utility providers, financial institutions, and government agencies.

#fpm2024

[DV Capital @dvcapital_]

The Federal Government has confirmed that the First-Time Home Buyer Incentive has been discontinued.

#cmhc #firsttimehomebuyer #tore #vanre #canadianrealestate

[DV Capital @dvcapital_]

Many Canadians are leaving this registered savings plan's money on the table.

#PersonalFinance #CanadianRealEstate #RDSP #FinancialPlanning

https://t.co/yrX9VCQoAS

[DV Capital @dvcapital_]

Nova Scotia tops list for most real estate investors from out of province.

#NovaScotia #CanadianRealEstate #Halifax #NovaScotiaRealEstate

https://t.co/jkthlJ80kL

[DV Capital @dvcapital_]

Expect Canadian banks to set aside more money for loan losses: Analyst.

#CanadianRealEstate #CdnEcon #ToRE #VanRE #LoanLosses

https://t.co/p6XHJFwBzg

[DV Capital @dvcapital_]

Condo sales up nearly 100% in Mississauga and Brampton as new listings increase.

#Mississauga #Brampton #ToRE #CanadianRealEstate

https://t.co/rs1hzgSqRQ

[DV Capital @dvcapital_]

Price of new housing coming down in Kelowna but not by a lot.

#Kelowna #BritishColumbia #CanadianRealEstateMarket #VanRE

https://t.co/nsu9Bc1WGa

[DV Capital @dvcapital_]

Real estate investment remains strong in Metro Vancouver despite inflation, cost of living.

#VanRE #CanadianRealEstate #Vancouver #BritishColumbia #BCRealEstate

https://t.co/PTibQ14Bbp

[DV Capital @dvcapital_]

How Housing Trends In Burnaby Have Changed Since 1996.

#VanRE #Burnaby #BCRealEstate #BritishColumbia

https://t.co/pw2pM19VQz