Blog by Kathy Stilwell
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Greater Vancouver housing sales, prices projected to rise in 2011
February 23rd, 2011 |
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| 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 ...
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, 2010For 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 Stats
MLS® stats show more sales, fewer property listings in November
Greater 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 ...
MLS® stats show more sales, fewer property listings in November
Greater 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
Rob Carrick
Making a return on your mortgage
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 ...
Olmypic Village condos sales stalled.
November 5th, 2010Plans for selling the Olympic village’s 480 empty condos have ground to a halt because the City of Vancouver is refusing to approve a new marketing plan with drastically reduced prices until the developer proves it can make up the $100-million to $200-million loss that could result.
“They need to have a satisfactory plan for how they will meet their obligations,” Vancouver city manager Penny ...
October real estate Statistics for Greater Vancouver
November 2nd, 2010October Stats
Home sales remain steady in Greater Vancouver
Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers’ market, properties appropriately priced are selling.
According to the MLSLink® Housing Price Index (HPI), the bench ...
Important information regarding HST
November 2nd, 2010BASIC INFORMATION ON H.S.T. FOR RESIDENTIAL REAL ESTATE
October 28, 2010
H.S.T. has different implications for used residential real estate and new residential real estate. In this part of our website we outline the basic rules regarding H.S.T., and the basic rebates applicable.
GENERAL DISCUSSION
The Harmonized Sales Tax ("H.S.T.") came into effect in B.C. on July 1, 2010 and is a combinat ...