April 2011 Market Update
With the Spring Market in full swing, it is important to know that not all agents and not all real estate companies are created equal. When hiring a professional to sell your home, take the time to ask them what their sales model is to ensure that it meshes with your goals
Below, [...]
March 2011 Market Update
BC’s luxury market remained relatively strong throughout 2010. Surges were seen in the lower mainland, and bounce-back years happened in Victoria and the Okanagan. 2011 is forecast to remain relatively similar to last year, with the caveat being that the world’s economic recovery must continue, albeit slowly.
Greater Vancouver’s luxury home market broke [...]
February 1st 2011 VREB
The number of property sales throughout Greater Victoria showed little movement in January while overall prices remained stable. A total of 339 homes and other properties sold in January through the Victoria Real Estate Board’s Multiple listing Service® (MLS®), down slightly from the 349 sales in December. There were 418 sales in [...]
The New Regulations Countdown
In less than seven weeks, 35-year amortizations will disappear on High ratio insured mortgages. At the same time, the limit on insured refinances will drop to 85% LTV (from 90%). – NOTE : This does not affect new 5% down purchases just refinances
Borrowers have no later than Thursday, March 17 to arrange [...]
Get Pre-approved for a mortgage before March 18th or:
1. you may qualifiy for less money.
2. you will probably have higher payments.
In light of today’s announcement by Jim Flaherty, Canada’s Minister of Finance, it is even more prudent that if you are considering buying a home go out and get pre-qualified for a new mortgage. The [...]
2010 – A Return to a Balanced Real Estate Market
January 4, 2011
Last year was marked by a return to a balanced real estate market in the Greater Victoria area. Sales were strong in the early months of the year, then softened mid-year before regaining strength in the fall. A total of 6,546 homes and [...]
The number of property sales throughout Greater Victoria rose in October while prices remained mixed. A total of 467 homes and other properties sold in October through the Victoria Real Estate Board’s Multiple listing Service® (MLS®), up 18 per cent from the 395 sales in September. There were 742 sales in October of last year.
Victoria [...]
Searching through the Apple App store for anything can be a challenge with all the choices available. Somehow I managed to stumble upon the updated version of Tourism Victoria’s App made by Discover Anywhere Mobile. I thought I’d post a short review for anyone that may be interested in grabbing this great app before or [...]
The property market throughout Greater Victoria softened in August with fewer sales and a decline in overall prices for single family homes and condominiums; overall prices for townhomes, however, rose in August.
A total of 425 homes and other properties sold in August through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), down from the [...]
1.You don’t need to know everything about buying and selling real estate if you hire a real estate professional who does. Henry Ford once said that when you hire people who are smarter than you are, it proves you are smarter than they are. The trick is to find the right person. For the most part, [...]
