Thumbnail image for Vancouver Mortgage Tips – CMHC to Hike User Fees

Vancouver Mortgage Tips – CMHC to Hike User Fees

by Maggie Chandler December 17, 2014 Mortgage Tips

Vancouver Mortgage Tips – CMHC to Hike User Fees effective April 1, 2015
Canada Mortgage and Housing Corp. is tripling the fee it charges some financial institutions to guarantee loans in the mortgage-backed securities market, a move that could end up costing consumers more
the changes will end up costing new home buyers and estimates it will mean about …

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BCREA Housing Update for November 2014

by Maggie Chandler December 17, 2014 How's The Market

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Thumbnail image for East Vancouver Real Estate Sales Flat, Listings Down, Prices Up

East Vancouver Real Estate Sales Flat, Listings Down, Prices Up

by Maggie Chandler December 15, 2014 How's The Market

East Vancouver Real Estate Sales Flat, Listings Down, Prices Up. Average sales price for East Vancouver real estate peaked in September at $788,000 and slipped to $697,000 in November, up 3% for the year. Houses increased 3.3%, townhomes dropped 1.1% and condos were down 3.1%. The average sales price is the same it was in …

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Vancouver West Condo Sales Trump Houses and Townhomes in 2014

by Maggie Chandler December 15, 2014 How's The Market

Vancouver West Condo Sales trumped Houses and Townhomes in 2014, up 13% over the last year, compared to a 17% drop for both homes and townhomes.

But townhouse average sale price triumphed with a 22% increase, versus 7% for condos and 18% for homes. Average sale price for a Vancouver West Side home is now $2,900,000 versus …

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Greater Vancouver Real Estate Prices and Sales Up from a Year Ago

by Maggie Chandler December 15, 2014 Latest News

Greater Vancouver Real Estate Prices and Sales Up from a Year Ago. A year ago the median sales price was $539,000 and it now sits at $549,000, down a bit from $581,000 in May – normal for prices to peak in the Spring.

Greater Vancouver property sales clocked in at 2,528 in November, up from 2,329 …

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More Canadian Mortgage Tightening Rules Introduced

by Maggie Chandler November 27, 2014 Mortgage Tips

Earlier this month the Office of the Superintendent of Financial Institutions released a final set of rules that insurers like CMHC and banks must follow when providing mortgage financing.  Previous to this, the insurers trusted that the banks satisfactorily verified a borrower’s income but now the insurers will also be held responsible. They have spelled …

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Interesting Canadian Mortgage Trends

by Maggie Chandler November 26, 2014 Latest News

CAAMP (Canadian Association of Accredited Mortgage Professionals) releases an annual report with super interesting stats on homeowners, mortgage market, interest rates, home equity, interest rates, equity take outs, sources of down payments. Here’s the current report for 2014.

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Thumbnail image for SOLD in Three Weeks! 2502-1239 W. Georgia Street in Vancouver’s Coal Harbour

SOLD in Three Weeks! 2502-1239 W. Georgia Street in Vancouver’s Coal Harbour

by Maggie Chandler November 25, 2014 Coal Harbour

SOLD in Three Weeks! 2502-1239 W. Georgia Street in Vancouver’s Coal Harbour.  Venus is one of my favourite condo buildings because of its full amenities which include 24/7 concierge, on site building manager, indoor pool, jacuzzi, sauna and gym. Two guest suites. A business room, a movie theatre, a social room with billiards table and …

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Vancouver’s Stanley Park Voted the World’s Best Park!

by Maggie Chandler November 23, 2014 777 Vancouver Events

Who Has the World’s Best Park? We Do! Vancouver’s Stanley Park was just voted by TripAdvisor as the world’s best!

Did you know that our Stanley Park opened in 1888 and the 1,000 acre park is a national historic site and includes beaches and a saltwater outdoor pool, an 8.8 kilometre seawall and 27 km of …

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How is Vancouver’s Kitsilano Real Estate Market?

by Maggie Chandler November 22, 2014 Kitsilano

How is Vancouver’s Kitsilano Real Estate Market?

The median price graph shows that over the last year Kitsilano townhomes rock with an increase of 15%. Kits condos have increased 6% and houses have only gone up 5%. In fact Kitsilano home prices are equal to the Fall of 2010. Have they final run out of energy? …

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