February 8th, 2011
This is an interesting article going over the Canadian Housing Markets from 2000-2010. Enjoy! ‘Wild card’ props up Canadian housing markets over past decade Inventory remains key to stability in 2011 Tighter inventory levels helped to make the last decade one of the healthiest periods on record for [ ... ]
Posted in real estaterene | No Comments »
February 7th, 2011
Mortgage rates are set too go up after Tuesday February 7th, 2011 Mortgage rates are going to go up 25 points after tomorrow night. Make sure to get in touch with your mortgage specialist either today or tomorrow in order to lock in a low rate for 120 days. [ ... ]
Tags: mortgage rates, Mortgages
Posted in mortgages, real estaterene | No Comments »
February 3rd, 2011
Here is the January 2011 Real Estate Stats from the Vancouver Real Estate Board Stability and regional ‘hot spots’ characterize January housing market The Greater Vancouver housing market remained in balanced market conditions in January, although higher levels of buyer demand were seen in some of t [ ... ]
Tags: Greater Vancouver, housing market, Richmond, Vancouver
Posted in Market Research, real estate, Real Estate Statsrene | No Comments »
January 31st, 2011
Very informative clarification of the Government Mortgage Changes due after March 18th, 2011. Information from LOREEN RITZ TOMOZER of TD Canada Trust. 1) IF the date on the purchase and sale agreement is earlier than March 18, the new parameters will not apply, even if the conditions of the agreemen [ ... ]
Posted in real estaterene | No Comments »
January 29th, 2011
Here’s a good article from Brian Morton of the Vancouver Sun. If there’s one sentence to sum up B.C.’s real estate picture in 2011, it’s probably “Let’s take a breather.” While Metro Vancouver prices rose fairly sharply over the past year, the same wasn̵ [ ... ]
Posted in real estaterene | 4 Comments »
January 18th, 2011
Here are few minor changes that the Finance Minister is implementing, effective March 18th. Changes include a drop in the maximum allowable amortization period to 30 years and a reduction in the amount an owner can borrow against the value of their homes to 85%. (Paul Vieira, Financial Post · Monda [ ... ]
Tags: amortization, HELOC, Mortgages
Posted in mortgagesrene | No Comments »