A Quick Guide to Daylight Savings Time
Early Sunday morning, we will be springing forward 1 hour to kick off the start of Daylight Savings Time. This means longer days, warmer seasons, patio beers and beach days! – But why do we spring forward and how does this affect our internal clocks? Here are some facts you can spout during the inevitable […]
Read MoreOSFI Tightens Supervisory Expectations for Mortgage Underwriting
The Office of the Superintendent of Financial Institutions (OSFI) issued a letter this morning to all federally regulated financial institutions (FRFI). The letter expresses concern about the rising levels of household debt in Canada and serves to remind FRFIs of their obligations under Guidelines B-20 and B-21 to assess and underwrite mortgage loans and mortgage […]
Read MoreFederal Government Budget Release – A Letter From the Mayor
The Federal Government released its budget yesterday. I want to tell you about what it means for Vancouver. First, it’s good news for transit riders. There’s a commitment for $370M right away for Metro Vancouver. That means we can get started on important design work for major projects like the Broadway Subway. The government is […]
Read MoreBC Government Ends Practice of Shadow Flipping
The B.C. Government says it is ending the practice of shadow flipping in Vancouver’s real estate market. Speaking in Stanley Park Friday morning, Premier Christy Clark said they are not waiting for a review of shadow flipping to be done – they are moving to end the practice now. Shadow flipping is controversial. It involves brokers […]
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