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

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Canadian Economic Snapshot: Falling Confidence, Shifting Demographics, and Implications for Rates

In recent months, Canada’s economic landscape has experienced notable shifts that are raising concerns among households and businesses alike. This blog post explores the current economic situation, delving into declining consumer confidence, changing demographics, and their potential implications on interest rates and the housing market. Consumer Confidence Hits Lows: Consumer confidence in Canada has taken a