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Burnaby Real Estate Market Supply 2012

May 20, 2012

Filed under: Burnaby,Real Estate Market — Richard Morrison @ 3:24 pm

Burnaby Real estate market took off in February, 2011 and held strong into the summer of that year. However, 2012 has seen much slower market than it was the same time last year. The following statistics on Burnaby Real Estate market demand (sales), supply (inventory), and the effect on mean prices from February 2010 through to February 2012 may help shed more light on the trends in the market.   Real Estate Market Supply, February, 2012 The current inventory in […]

Selling Your Vancouver Home During the Summer Months

Filed under: Burnaby,North Vancouver,Real Estate Market,Richmond,Surrey,Vancouver — Richard Morrison @ 3:11 pm

You’re definitely selling your house this summer. Maybe you have a new job in another city starting in the Fall. Whatever your situation, if you’re selling your Prime Vancouver home during the summer months, you’re going to want to do all you can both now and then to make sure it sells before summer’s gone. Here are a few things that can make sure that sell happens:   1. Start Doing the FLYLADY’s 27 Fling Boogie Right Now The FLYLADY […]

Things to consider before refinancing your Vancouver home or estate

Filed under: Burnaby,North Vancouver,Real Estate Market,Richmond,Surrey,Vancouver — Richard Morrison @ 2:57 pm

Most home owners look to refinancing whenever they feel the need for change in their mortgages. There are many perks that come with refinancing a home in Vancouver, and these are attractive enough to inspire the decision. But before you decide on revising your mortgage terms, before you open that bottle of wine to celebrate, there are a few considerations you need to make first.   What is the reason you are refinancing first? Hoping to take advantage of newer, […]

Tighter mortgage rules in Canada in 2012

April 26, 2012

Filed under: Burnaby,Mortgage Financing,North Vancouver,Richmond,Surrey,Vancouver — Richard Morrison @ 12:24 am

A new poll suggests economists are increasingly convinced the government will move to ratchet down mortgage rules in 2012 – that even as the broker channel ramps up lobbying efforts to block the move. Some 10 of 14 economists and strategists surveyed for Reuter’s first poll on the Canadian housing sector last week said Ottawa does, indeed, seem poised to tighten mortgage rules within the next 12 months. Moreover, they believe that intervention is likely to come as early as the busy […]

How are capital gains tax calculated in Vancouver & Canada?

April 25, 2012

Filed under: Burnaby,North Vancouver,Richmond,Surrey,Vancouver — Richard Morrison @ 11:46 am

Hi folks, I just wanted to share a question that is always asked by many of our clients and provide you with an answer on how you can calculate capital gains tax in Vancouver & Canada. But before I go ahead to explain the simple methods to you, I will explain what capital gain tax means first so you can gain an insight into what am about to share with you. So here is a simple definition of what capital gain […]

Four Reasons why you ahould LOVE your competition!

October 17, 2011

Filed under: Burnaby,Comic Relief,North Vancouver,Real Estate Market,Richmond,Surrey,Vancouver — Richard Morrison @ 10:34 pm

Every business owner who has a web based business has at some point had the following thought: “Why am I giving away all my hard-earned wisdom for free when my competition could easily snap it up and use it against me?” Competition is a scary thing. We all hope we’ll be the only person with this particular business innovation or that particular moment of genius, and that our idea is what launches us into greatness. Sometimes we’re right, sometimes we’re […]

Despite worldwide troubles, Canadian housing market grows

September 27, 2011

Filed under: Burnaby,North Vancouver,Real Estate Market,Richmond,Surrey,Vancouver — Richard Morrison @ 12:17 pm

OTTAWA — Canada’s housing market “remains a notable out-performer” in comparison to other countries, especially in vancouver homes, where renewed doubts about the strength of the global economy are weakening an already fragile real-estate scene, says a report released Tuesday. The Bank of Nova Scotia said in an assessment of the global housing market that high unemployment, concerns over the financial health of some European governments, signs the global economic recovery is slowing down and recent stock-market volatility are burdening […]

British Columbia home sales dip down in most areas (but not all)

June 20, 2011

Filed under: Burnaby,North Vancouver,Real Estate Market,Richmond,Surrey,Vancouver — Richard Morrison @ 3:22 pm

Residential MLS home sales in British Columbia edged down 1.3 per cent in May following a sharp decline in April. Seasonally adjusted sales dipped to 6,120 units during the month, representing the lowest monthly sales activity since October, as half the province’s 12 regional real estate board areas recorded declines from the previous month. The largest relative monthly declines were in the Chilliwack area (-12 per cent), which recorded a fifth consecutive drop, and the Kootenay area, which also pulled […]

Bank of Canada rate hike on hold for now…

May 24, 2011

Filed under: Burnaby,Mortgage Financing,North Vancouver,Richmond,Surrey,Vancouver — Richard Morrison @ 12:00 pm

The Bank of Canada’s plan to raise interest rates and exit its stimulus program has been delayed to September due to renewed uncertainty about the fiscal crunch in Europe and its potential spillover effects into Canada, the team at RBC Economics said Tuesday. Dawn Desjardins, assistant chief economist with RBC, expects the BoC to maintain its 1.00% rate until September, and has cut the forecast rate to 1.75% by the end of 2011 from 2.00%. RBC maintains expectations for the […]

Foreclosure in Burnaby, 1bdr 1bath, only $224,900

February 18, 2011

Filed under: Burnaby — Richard Morrison @ 6:52 pm
Hi [fname],
Just wanted to let you know about a new FORECLOSED property listing!
  • A  comfortable and affordable one bedroom one
    bathroom with a view looking out to Central Park. Contemporary laminate wood
    floors  and stainless steel
  • Location and convenience is
    key; with Patterson
    Skytrain station, Central
    Metrotown, Bonsor Recreation Complex
    all within walking distance.
  • Located in a quiet neighborhood, with easy access
  • Amenities include fully
    equipped exercise room,  social lounge
    area, outdoor pool, hot tub, sauna and tennis courts.



Richard Morrison RE/MAX Team