Blog by Kathy Stilwell
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Greater Vancouver housing sales, prices projected to rise in 2011
February 23rd, 2011
Wednesday, 23 February 2011
Housing sales in Greater Vancouver are expected to climb 11% this year to 34,600 units, and the average BC Multiple Listing Service (MLS) price will increase by 2.4% to $692,000, according to a forecast released today by the BC Real Estate Association (BCREA).
“Greater Vancouver is the strongest market in the province right now, ...
New Mortgage Rules and how it effects buying real estate and you!
February 7th, 2011
On January 17th, Finance Minister Jim Flaherty announced adjustments to the rules for government-backed insured mortgages that will come into force March 18th, 2011.The new measures will:Reduce the maximum amortization period to 30 years from 35 years for new government-backed insured mortgages with loan-to-value (LTV) ratios greater than 80%Lower the maximum amount Canadians can borrow in re ...
HST calculator for your Vancouver Condo
December 10th, 2010
For now the HST is here and a huge factor, when deciding whether you will buy a presale condo or not. There is a lot of questions surrounding HST and to help you with those I have included a couple of links that may answer those questions for you. H.S.T. has different implications for used residential real estate and new residential real estate. This link provides basic rules regarding H.S.T. ...
Bank of Canada rate remains the same by Vancouver Realtor Kathy Stilwell
December 7th, 2010
Bank of Canada maintains overnight rate target at 1 per cent
OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The global economic recovery is proceeding largely as expected, although risks have increased. As anticipated, private domestic ...
Vancouver November real estate Statistics by Vancouver Realtor Kathy Stilwell
December 6th, 2010
November StatsMLS® stats show more sales, fewer property listings in NovemberGreater Vancouver residential home sales improved in November compared to the previous four months, with the number of sales posted on the Multiple Listing Service® (MLS®) coming in slightly higher than the 10-year average for that month. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of r ...
Kathy Stilwell - Making a return on your mortgage on your Vancouver Condo
November 28th, 2010
•New! Calculators
Rob Carrick
Making a return on your mortgage
ROB CARRICK
From Saturday's Globe and mail
Published Friday, Nov. 26, 2010 3:47PM
The 5-per-cent return on safe investments is back.
It happened last week when major banks increased their posted mortgage rates. If you were lending money out for mortgages like a bank, you cou ...