Blog by Mehrnaz Chitsaz

BC government plans to legislate a “cooling off” period for residential home sales next year

November 8th, 2021
The provincial government revealed plans today to introduce legislation in the spring of 2022 requiring a cooling off period for resale and newly built homes. This change would be similar to the cooling off period in place for pre-construction condominium sales. The BC Financial Services Authority (BCFSA) will consult the real estate profession and other  stakeholders to develop the parame ...
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Metro Vancouver home buyers compete for fewer home listings in October

November 8th, 2021
Home sale activity in Metro Vancouver remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,494 in October 2021, a 5.2 per cent decrease from the 3,687 sales recorded in October 2020, and an 11 per cent in ...
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November Market Trend

November 15th, 2012
Average House Prices by Province Sep 2012 Sep 2011 Sep 2010 National $355,777 $352,581 $331,089 Yukon $366,728 $277,654 $304,018 Northwest Territories $403,019 $457,504 $382,188 British Columbia $494,213 $523,568 $493,846 Alberta $355,127 $359,637 $349,048 Saskatchewan $273,209 $253,300 $236,455 Manitoba $239,517 ...
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Financial News

September 7th, 2011
While the Bank of Canada announced earlier today that it is keeping its key policy rate steady, it hinted that a rate hike mabe on the horizon as the Canadian economy grows closer to full capacity. In an  statement the Bank indicated that it expects "growth in Canada to re-accelerate in the second half of 2012."  The Bank estimates that the Canadian economy will grow by 2.8 per cent in ...
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THIRTEEN THINGS YOUR BURGLAR WON'T TELL YOU

January 24th, 2011
      (NOTE:  Pay attention to the WASP SPRAY section at the very end) 1. Of course I look familiar.  I was here just last week cleaning your carpets, painting your shutters, or delivering your new refrigerator.  2. Hey, thanks for letting me use the bathroom when I was working in your yard last week. While I was in there, I unlatched the back window to make my return a littl ...
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Real Estate Updates

March 2nd, 2010
According to The Real Estate Board of Greater Vancouver The Real Estate Board of Greater Vancouver (REBGV)Home buyer and seller activity increases in busy spring market The Greater Vancouver housing market experienced increased activity in April thanks to a steady balance of home buyers and sellers entering the marketplace. The Real Estate Board of Greater Vancouver (REBGV) reports ...
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Mortgage Rates News

March 2nd, 2010
NewsRBC ROYAL BANK CHANGES RESIDENTIAL MORTGAGE RATESTORONTO, March 29, 2010 — RBC Royal Bank announced today that it is changing its residential mortgage rates effective March 30, 2010. The changes are as follows: Fixed Rate Mortgages Three-year closed 4.35 per cent (increased by 0.20 per cent) Four-year closed 5.34 per cent (increased by 0.40 per cent) Five-year closed 5.85 per ...
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Real Estate Market Trend

June 3rd, 2009
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Help Saving Water

June 20th, 2008
Power Smart bathrooms Homeowners can save significant money by conserving water in their bathrooms with these easy, energy-saving tips: Take shorter showers. By cutting shower time from ten minutes to five, based on one shower a day, BC Hydro predicts an average saving of 34,675 litres of water annually. The hot water from showers can account for as much as 25 per ...
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Vancouver Map

June 19th, 2008
 VanMap   
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April 23rd, 2008
From today's Custom House Newsletter, as expected, Prime lowered .50% to 4.75% - no word on fixed rates following, as yet.  Canadian Dollar Down With Interest Rate Cut  The bank of Canada delivered a 50 basis p ...
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PTT CHANGES 2008

February 26th, 2008
For First time homebuyers ... The Property Transfer Tax  the dollar amount has changed from $375,000 to $425,000. 70% Loan To Value Has Been Lifted. Property Transfer Tax Act The following changes have been made, effective February 20, 2008:         • The fair market value threshold for eligible residential property under the First            Time Home Buye ...
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December 23rd, 2007
12 unit Condo Homes  We invite you to view this Luxirous, Homey 12 units of 2 Bedroomsand 2 Bedrooms and Den in this 2 story Brand New Buildings in  safe and friendly  cummunity of Tsawwassen. Surprisingly priced under Assess Value, superb quality and floor plans
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November 15th, 2007
A note to Residents of West Vancouver  West Vancouver Mayor                                 Announced that  one of the key priorities of the Council is to put in place a strategy for the long term renewal of Ambleside village. A Working group has been appointed to review the proposed policies and has made recommendations on the Ambleside Town Center Strategy that includes business are ...
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Hop Market

November 14th, 2007
Real Estate Market Still Active It is good to know that Real Estate Market is still hot not only in BC, but all across Canada. There has been a two week wait in line to buy a unit in for an eighty story building in Toronto, priced between 1/2 million dollars to $8 million. Interest rates are untouched in Canada. Prime staying at 6.25%. Afordibility is still there. There are amn ...
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