Navigating New Horizons: BC Budget 2024 Unveils Major Benefits for Homebuyers and Businesses

As we step into Spring 2024, the BC Budget has brought forward some significant changes that promise to reshape the landscape for first-time homebuyers and small business owners alike. At Cultivate + Evolve Financial, we’ve been closely monitoring these developments, eager to explore how they can benefit our cherished clients and community. Empowering First-Time Homebuyers

Catherine Ellis Melville Explains the difference between SWITCH and Refinance

Navigating Mortgage Financing: Understanding Switch Transfers vs. Refinancing

🏠🔀 Switch Transfer vs. Refinance: What You Need to Know 🔀🏠 When it comes to navigating the world of mortgage financing, being well-informed about your options is crucial. In this article, we’ll explore the nuances and differences between two prevalent mortgage strategies: Switch Transfer and Refinance. Switch Transfer Explained: Objective: The primary purpose of a

Catherine Ellis Melville is an expert Mortgage Broker in Kelowna BC

Update – BC Changes rules for short term rentals

This week brought noteworthy updates from the BC Government, specifically the introduction of the Short-Term Rentals Accommodations Act. Here’s a breakdown of key points you should be aware of: The act introduces a new principal residence requirement that limits short-term rentals to: The host’s principal residence, which is the dwelling where an individual resides for

Cultivate + Evolve Celebrates Positive News for Canadian Homebuyers

Good News for Canadians: OSFI’s Responsive Decision Eases Mortgage Regulations In a positive turn of events for Canadians in the housing market, the Office of the Superintendent of Financial Institutions (OSFI) has made a decision that reflects the concerns and feedback shared by industry stakeholders and consumers alike. This decision, announced after nine months of

Thrive Amid Rising Interest Rates with Cultivate + Evolve Financial

Hello, I’m Catherine Ellis. Today, I’m here to share some motivating and eye-catching tips to help you prepare for rising interest rates. At Cultivate + Evolve Financial, we’re all about empowering you to make confident decisions for your financial future. Let’s dive into key strategies like practicing your payment, making lump-sum payments, understanding mortgage terms,