A new Benchmark Rate would be roughly 4.89%,” April/20

The Department of Finance today announced changes to Canada’s benchmark qualifying rate, a key component used in stress-testing insured mortgages. The new benchmark rate will come into effect on April 6, 2020. It means insured borrowers (including those buying with less than a 20% down payment) will have to prove they can afford a monthly payment based on a rate that equals the weekly median 5-year fixed insured mortgage rate, plus 2%. “As of February 18, 2020, based on the weekly median 5-year fixed insured mortgage rate from insured … Continue reading...

Goldstream River in September Photo

Very Peaceful setting in the Goldstream River BC Park north of Victoria, BC, Photo by Fred Carver in Sept 2018. In the Goldstream River, Pacific salmon appear about mid-October, and may be seen for about nine weeks, the dates varying from year to year. Of the five kinds of North American Pacific salmon it is the Chum salmon that is most abundant in this river, though you may also see some Coho and Chinook salmon, as well as the Steelhead and the Cutthroat trout. … Continue reading...

Fred Carver-Personal Real Estate Corporation,

RE/MAX Camosun 4440 Chatterton Way,

Victoria, BC Office

250-744-3301

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