Snow-covered houses and the downtown skyline are seen with the North Shore mountains in the distance in Vancouver on Thursday, December 30, 2021. Those who own a home in British Columbia valued at just under $2 million will still be eligible for the annual homeowner grant. THE CANADIAN PRESS/Darryl Dyck

Homeowners grant threshold leaps to $1.9 million in B.C. as property values increase

New cap will ensure 92 per cent of residential properties are covered


A real estate sign is pictured in Vancouver, B.C., on June 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Parents are gifting increasingly large sums of money for kids’ down payments: CIBC

Average gift for first time homebuyers rose to $82,000 in 2020


Homes are pictured in Vancouver on April 16, 2019. THE CANADIAN PRESS/Jonathan Hayward

Ottawa to change stress test rate for insured mortgages next month

Qualifying rate will be borrower’s contract rate or weekly median 5-year fixed insured mortgage rate