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Chinese investors still targeting Vancouver real estate

July 2, 2012

Filed under: Vancouver — Richard Morrison @ 1:48 pm

If you are of the thought that the Chinese had started losing interest in the real estate in Vancouver, then you should see what we are still seeing here on the West Side. This is because some new report has indicated that Vancouver among other areas in Canada is Chinese’s most popular foreign property investment destinations. Mainland investors from China have been gaining interest in purchasing oversea properties over the past few years, making about 30 percent of investors investing […]

New mortgage rules Vancouver july 9th 2012

June 21, 2012

Filed under: Mortgage Financing,Vancouver — Richard Morrison @ 11:10 am

The Federal Government has announced four new clamp downs on mortgage financing effective Monday, July 9th, 2012. These changes include:   1. Reducing the maximum amortization period to 25 years from 30 years 2. Reducing the maximum amount of equity homeowners can take out of their homes when refinancing to 80% from the current 85% 3. Limiting the availability of government-backed mortgages to homes with a purchase price of less than $1 million 4. Fixing the maximum gross debt service […]

Buyer’s Market in Vancouver as Seller’s Advantage Wanes in 2012

May 20, 2012

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 4:29 pm

Yes, there is a definite buyer’s market in Vancouver as seller’s advantage wanes in 2012, but that doesn’t mean buyers will know how to capitalize on that advantage. Here are a few things for buyers to consider to make sure they reap the rewards of the 2012 market before it gets away from them:   1. Hire the Best Buyer’s Agent You Can Find If ever there were a time to relish the fact that you’re a self-made financial wizard, […]

Vancouver’s real estate market to cool, not crash

Filed under: North Vancouver,Real Estate Market,Surrey,Vancouver — Richard Morrison @ 4:19 pm

“Vancouver’s real estate market to cool, not crash” is the latest forecast by various real estate experts that comes as good news to people who dream of buying homes. Every Vancouver resident is aware of the changing price trends in the real estate market but with recent reports Vancouver residents have something to smile about.   Most real estate companies realized that many people are hesitant to buy homes due to the unpredictable costs but this is not over yet […]

The New Vancouver HST Tax in 2012 – HST transitional rules

Filed under: Mortgage Financing,North Vancouver,Real Estate Market,Surrey,Vancouver — Richard Morrison @ 4:09 pm

DISCLAIMER: I am not a tax lawyer, so please consult a tax lawyer that can give you legal advice. If you rely on the advice given below, I am not to be held responsible and you take full responsibility for your actions. Now moving on to our article:     HST (Harmonized Sales Tax) was introduced in Canada in 2010 as a way of combining the regional provincial Sales Tax (PST) and federal GST (Goods and Services Tax). When introduced […]

Vancouver East Side real estate market in 2012

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 4:00 pm

The year of 2012 has seen the rise of home buyers in the east side of Vancouver. Many home buyers are looking for affordable homes that are currently only found in the East Side. However, the market is slowing down as of recent and prices have softened a little.   Many buyers have moved from buying houses in the west side because of the high cost. The dreams of home purchasers however have not been shattered altogether because they will […]

Richmond real estate market in 2012

Filed under: Real Estate Market,Richmond — Richard Morrison @ 3:43 pm

In 2012 February the home sales in Richmond increased as compared to the previous month’s sale by 52%. The listed houses, condos and apartments for sale in February were 6% more than January 2012. The maximum increase in for sale listings was for condos. The increase in other types of homes was not too much and almost negligible The town homes, detached homes and condos in January 2012 were almost the same as in the previous months. With a large […]

Burnaby Real Estate Market Supply 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, […]