Posts Tagged ‘Blogs’

Canadian Banks lower 5-year mortgage rate to record low to 2.99%

January 16th, 2012 \\ Blog \\ Tagged: , ,

With the Canadian housing market expected to cool in the coming year, the Bank of Montreal has lowered its five-year fixed mortgage rate to a record low. While the rate was slashed to 2.99 per cent Thursday, down half a point, it does come with a few...

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The Facts About Multifamily Residential Presales

December 21st, 2011 \\ Blog \\ Tagged: , , ,

Over the years, thousands of British Columbians have entered into contracts to buy new homes before the construction of their homes had begun or during the construction period. This type of real estate transaction is commonly referred to as a presale...

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Top 25 Grants and Rebates for Property Buyers and Owners

December 18th, 2011 \\ Blog \\ Tagged: , , , ,

#1 Home Buyers’ Plan Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time. Canada Revenue...

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HST Stall Hurts Housing Industry in BC

November 30th, 2011 \\ Blog \\ Tagged: , , ,

Since the implementation of the HST in British Columbia in 2010, the provincial housing market has been reportedly in a slump. This has been especially true in Vancouver and area as new builds are sitting vacant longer than expected.According to recent...

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Good News for Homeowners-No Interest Rate Increase until 2013

November 9th, 2011 \\ Blog \\ Tagged: , ,

That’s good news for homeowners with variable-rate mortgages and consumers financing loans and lines of credit tied to the prime rate. A big Canadian bank predicts the slumping economy will put interest rates on hold, or moving lower, until at least...

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House Values Skyrocket in Vancouver Westside’s Cambie Corridor

November 6th, 2011 \\ Blog \\ Tagged: , , , ,

Six months after Vancouver City Council approved a plan to transform the Cambie Street corridor, homes in the area have nearly tripled in value and some residents fear development will ruin the neighbourhood.Last May the council passed a plan to bring...

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Super-rich in Mainland China Heading for the Departure Gate

November 3rd, 2011 \\ Blog \\ Tagged: , , , ,

Beijing (CNN) – The “Private Banking White Paper 2011” talked to individuals with assets of more than 10 million yuan (US$1.57 million) in18 cities to find out how China’s super rich manage their wealth. The average asset holdings of the 980 surveyed...

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Foreign Property Buyers Restrictions Needed?

April 21st, 2011 \\ Blog \\ Tagged: , ,

According to CBC news: A prominent Vancouver businessman and former city councillor says it’s time to debate restricting foreign ownership of residential properties as a way to cool down Vancouver’s hot real estate market. Peter Ladner says...

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First-time Home Buyers Drive Up Vancouver Market

April 19th, 2011 \\ Blog \\ Tagged: , ,

According to the Province and Postmedia News April 6, 2011: First-time homebuyers scrambling to dodge higher interest rates down the road are driving up the real-estate market in such areas as Vancouver, a report issued Tuesday says. “With an average...

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Greater Vancouver Real Estate Will Get Both Sales and Price Increase In 2011 CMHC Predicted

November 30th, 2010 \\ Blog \\ Tagged: , , , ,

(From VancouverSun) A new report suggests that low mortgage rates combined with a growing population and an improving economy bode well for Metro Vancouver home sales for the rest of 2010 and 2011. “For the next year, we’re looking at favourable mortgage...

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