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17 10, 2016

How does the new “stress test” for mortgages affect me?

By |2016-10-17T22:09:16-07:00October 17th, 2016|Real Estate|

If you are buying a home, these new regulations may affect you. On October 17th, 2016, the federal government’s new rules for first-time homebuyers took effect. At the beginning of the month, Ottawa released the news that they would be introducing some new measures to make it harder for Canadians to take on a mortgage [...]

17 10, 2016

What is happening in the Real Estate Market?

By |2016-10-17T21:30:43-07:00October 17th, 2016|Real Estate|

Updated October, 2016 According to the BCREA (British Columbia Real Estate Association): Housing demand in the province “continued to trend lower in September” according to BCREA Chief Economist Cameron Muir. The number of residential unit sales recorded by the Multiple Listing Service (MLS®) in September is 7,591; down 11.2 percent from the same month last [...]

16 08, 2016

What is happening in the Real Estate Market?

By |2016-08-16T18:32:26-07:00August 16th, 2016|Real Estate|

Updated August 2016   According to the British Columbia Real Estate Association (BCREA), home sales in metro Vancouver region are showing a “cooling trend” since March. The 9,900 residential unit sales recorded by the Multiple Listing Service (MLS) in July in B.C. is down 3.4 per cent from the same month last year. According to [...]