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Special Tips for the Bank of Mom & Dad

If you’re thinking about co-signing on your kids mortgage to help them get into a market that’s hard for them to crack on their own there’s one critical and easy thing to know that will save them (or you) thousands of dollars down the road. Here are some additional resources about co-financing that are helpful…

Changes Coming to Uninsured Mortgages w/ Derek Diener

The OSFI has already imposed a 200 basis point stress test on purchasers that need to use mortgage insurance but now they’re going after uninsured borrowers in another attempt to use a One-Size-Fits-All tool for all 150+ Canadian Real Estate Markets. Derek Diener with Dominion Lending Centres-Bluetree Mortgages gives us a complete rundown:    

Are more Albertan’s Moving West?

Here’s an interesting article about the potential causes of the increased heat in our local market. While Albertans may be a factor, I think a bigger factor is our current lack of inventory. The number of local first time buyers seems fairly high to me as well, given the interest rate environment and fears that…

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…