Shaun Martignago, Home Financing Advisor for Mortgages at Scotiabank
465 North Rd V3K 3V9 Coquitlam, BC, Canada

http://www.bankofcanada.ca//monetary-po/key-interest-rate/

Here are the official changes to the additional BC foreign buyers property transfer tax. There is an exemption for those in the Provincial Nominee Program and a refund available for those who receive their Permanent Residence status with 1 Year of purchasing a Principal Residence subject to conditions. Follow the link at the bottom of this article for full details.

The Bank of Canada has decided to keep it's overnight lending rate the same. In terms of mortgage rates, Scotiabank has remains very competitive. Please feel free to reach out to me for full details and availability.

The BC Government is offering some tax savings in their pre-election budget. Including raising the threshold for the first time buyers property transfer tax exemption to $500,000.

Great news, the Home Owner Mortgage and Equity Partnership Program loans are open for application on January 17. See the website BC Housing link provided. I'm happy to answer any questions relating to these applications and the mortgage approval process.