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2014 Real Estate Data coming in…

Vancouver, BC – January 13, 2015 The British Columbia Real Estate Association (BCREA) reports that a total of 84,049 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2014, up 15.2 per cent from 2013. After lagging for several years, BC home sales eclipsed the ten-year average of 82,000 units and the…

Housing Market Ends Year in Balanced Conditions

Vancouver, BC – December 12, 2014 The British Columbia Real Estate Association (BCREA) reports that a total of 5,972 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, up 8.8 per cent from November 2013. Total sales dollar volume was $3.4 million, an increase of 12.1 per cent compared to a…

Why should I use a REALTOR®? – Buyers

1. REALTORS® can help you determine your buying power. If you give a REALTOR® some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. 2. REALTORS® has many resources to assist you in your home search. Sometimes the property you are…

CMHC to raise mortgage insurance rates, effective May 1, 2014

CMHC to raise mortgage insurance rates Canada Mortgage and Housing Corp. is raising the rates it charges to insure mortgage loans by an average of 15 per cent. The federal agency said Friday that the new premiums will go into effect May 1 and apply to new mortgages, not those already insured. How much the…