As real estate prices remain high in Canada’s urban centres, young families are looking for unique ways to finance their dreams of recreational property ownership. In a recent survey conducted by Leger, more than a quarter (28 per cent) of Canadians with children under the age of 18 indicated ...
Continue ReadingAdjustable mortgage interest rate: This is a type of mortgage with an adjustable rate, both the interest rate and the mortgage payment vary, based on market conditions. Amortization: Length of time over which the debt will be repaid to zero, given regular payments. Appraisal: The appraisal is a process for estimating the market ...
Continue ReadingHOME SALES TO EXCEED 100,000 FOR THIRD CONSECUTIVE YEAR Multiple Listing Service® (MLS®) residential sales in the province are on pace to reach 101,000 units this year, a decline of 10 per cent from a record 112,200 unit sales in 2016. Housing demand gained strength this spring, as some of ...
Continue ReadingCommercial real estate sales in the Lower Mainland declined in the first quarter (Q1) of 2017 compared to last year while the total dollar value of sales increased across most property types.There were 561 commercial real estate sales in the Lower Mainland in Q1 2017, a 19.7 per cent decrease ...
Continue ReadingThe city has released a new and more complete draft of its plans for a post-viaducts Northeast False Creek. The concept artwork includes a big expansion of Creekside Park, an entirely new entertainment district, and a lot of condo towers. There’s also a newly elevated Dunsmuir Park. The massive redevelopment ...
Continue ReadingThe Real Estate Board of Greater Vancouver says home sales across the region returned to near record levels in May, driven by an increasing demand for condominiums and townhomes, rather than single-family homes. “First-time buyers and people looking to downsize from their single-family homes are both competing for these two types of ...
Continue ReadingVANCOUVER, BC – June 2, 2017 – Home buyer activity returned to near record levels across the Metro Vancouver* housing market in May. Residential property sales in the region totalled 4,364 in May 2017, a decrease of 8.5 per cent from the 4,769 sales in May 2016, an all-time record, ...
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