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RE/MAX Report on Canadian Housing Market 2000-2010

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 [ ... ]

Mortgage rates set to go up Tuesday February 7th, 2011

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. [ ... ]

Stability and regional ‘hot spots’ characterize January housing market

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 [ ... ]

Clarification – Government Announces New Mortgage Rules

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 [ ... ]

There will be more stable market conditions this year.”

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 [ ... ]

Mortgage Changes Announced

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 [ ... ]

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