It didn’t take long for the impact of rising rates to hit the market. People rushed to lenders Thursday to lock in contracts and get pre-approved mortgages after the Bank of Canada raised its overnight lending rate the day before ...
Blog by Betty Jarvis
6818 Beaver Lane was listed at $1,695,000 and solf for $2,200,000.
The new BC Home Owner Mortgage and Equity (HOME) Partnership program will begin accepting applications on January 16, 2016.
For a first-time homebuyer who has saved a down payment:
- The program offers a down-payment loan of up to 5% of a home’s purchase price, up to $37,500, on a home with a maximum price of $750,000.
- Click HERE to read the full article
The Province is increasing the home owner grant threshold to $1.6 million, helping keep property taxes affordable for families and ensuring most home owners will continue to receive the full grant this year, Finance Minister Michael de Jong announced today.
“This is a 33% increase over last year,” said de Jong. “We are doing our part to help keep housing costs affordable for families. Local ...
BCREA Supports Public Protection and Consumer Confidence
Vancouver, BC – June 30, 2016. BC REALTORS® want to see their clients’ interests protected and look forward to working with the new Superintendent of Real Estate.
“The vast majority of the 20,000 REALTORS® in BC do the right thing and we welcome a dedicated Superintendent of Real Estate to improve consumer protection in real estate tr ...
Bank of Canada Interest Rate Announcement - April 13, 2016
The Bank of Canada announced this morning that it is maintaining its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that although first quarter GDP growth appears unexpectedly strong, it believes that strength is temporary and will likely reverse in the second quarter. However, fiscal m ...
Metro Vancouver's blistering housing market shows no signs of cooling as March home sales reach record-breaking figures.
Numbers from the Real Estate Board of Greater Vancouver show nearly 5,200 residential properties were sold last month, a hike of 24 per cent over February, and 56 per cent above the 10-year sales average the month.
Board president Dan Morrison says March was the highest s ...
This year's TV ad, 'Bikers', introduces consumers to a young couple who just moved into a home they bought without a REALTOR® and who find the neighbourhood welcoming committee isn't quite what they were expecting.
The ad informs potential home buyers and sellers about the type of guidance, expertise and know-how REALTORS® offer during a real estate transaction. The ad sends the clear messag ...
The BC budget was released last month with several components related to real estate. Among the changes are:
- Data collection on citizenship and residency when a property owner registers their property at the Land Title Office.
- An increase in the Homeowner Grant threshold.
- A new fund for BC Housing to create more affordable housing units.
- Expansion of the BC Home Renovation Tax C ...