Blog by Carol Lee
Jan 2013 STATS
February 4th, 2013
January home sales remain quiet
Home buyer demand remains below historical averages in the Greater Vancouver housing market. This has led some home sellers to remove their homes from the market in recent months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,351 on the Multiple Listing Service® (MLS®) in J ...
Parking Stalls & Storage Lockers
March 26th, 2011
When purchasing an apartment/condo, most buyers want to know whether the unit comes with parking and/or storage locker. This makes sense, as most people own a car and need space to store their belongings.
Recently I sold a unit in a condo where the property management company nor the strata could verify for me which parking stall “belonged” to the unit? So, how do you find out this info? Te ...
New Canadian Mortgage Rule - 30 Year amortization & 85% LTV, effective March 18, 2011
January 24th, 2011
Jim Flaherty, Minister of Finance announced prudent adjustments to the rules for government-backed insured mortgages.
Rules for amortization and loan to value (LTV), effective March 18th, 2011 are as follows:
• Reduce the maximum amortization period to 30 years from 35 years at high ratio (>80% LTV)
• Lower the maximum amount Canadians can borrow in refinancing their
mortgages to 85 p ...
South Main District by Amacon Vancouver Real Estate in Mount Pleasant
November 23rd, 2009
South Main District by Amacon Vancouver Real Estate in Mount Pleasant - VIP Access
Get ahead of the crowd and register for VIP access to South District Main by Amacon
The Suites at South Main District are priced below that of
comparable resale properties on the market! Developed by Amacon who
have been developing Vancouver Real Estate for over four decades bring
103 condos in the first ...
Federal Budget good news for homebuyers and homeowners
February 13th, 2009
Federal Budget good news for homebuyers and homeowners
The Federal Budget 2009, passed on February 3, 2009 offers a $7.8 billion package to homebuyers and renovators which includes the following initiatives.
Home Renovation Tax Credit (HRTC): This temporary program provides an income tax credit on ...
Self-Employed Mortgages will now be easier
October 3rd, 2008
Self-Employed Mortgages Will Now Be Easier
Ozzie Jurock
Canada Mortgage Housing Corporation (CMHC) has improved its mortgage
loan insurance approval system to help more self-employed borrowers buy
homes and duplexes. Pierre Serre, a CMHC vice-president, says the
program, known as Self-Employed Simplified, will make it easier for
some self-employed borrowers to obtain mortgage lo ...