Two additions to the Strata Property Regulation (BC Reg. 43/2000), made through an Order in Council on May 29, 2020, will make life easier for strata corporations grappling with sky-high insurance premiums.
June 2020
CMHC Makes It Harder To Qualify For An Insured Mortgage!
Once again, the Canadian Mortgage and Housing Corporation (CMHC) is tightening the criteria to get a mortgage with less than a 20% down payment.
Latest data from FVREB confirms housing market activity picks up in the Fraser Valley as buyers and sellers adapt to the new environment
n May, Fraser Valley listings and property sales started to bounce back as REALTORS® helped their clients adjust to the new, necessary safety measures required to buy and sell a home during the provincial state of emergency due to COVID-19.
REBGV latest housing market update and stats package confirm Home prices remain steady, buyers and sellers become more comfortable operating in today’s market
Metro Vancouver home prices have remained steady since provincial health officials implemented physical distancing requirements in March.
Commercial sales and values increase in the first quarter of 2020.
activity and dollar values increased across most property types in the Lower Mainland in the first quarter of 2020 (Q1) compared to the same period last year.
Current State of Housing Markets in Canada..
On Monday, the Canadian Real Estate Association (CREA) released its national housing statistics for the month of May—the second full month of the COVID-19 pandemic.
How to show a home safely during COVID-19
Your shelter needs don’t go away during a pandemic. That’s why the province declared REALTORS® an essential service. They’re ready and able to help you buy or sell your home in a safe, responsible way.
Home Buyers and Sellers Returned to the Market in May
Early reports from local real estate boards showed home resales picked up noticeably from April’s lows. The month-to-month percentage increases—ranging from 30% to almost 70%, certainly look impressive though this speaks more about the extremely weak comparison point in April.
Your Mortgage Questions Answered
As the longest spring in memory finally gives way to summer, it's nice to see people safely enjoy the sunny weather. I hope that you and yours are in good health. There continues to be uncertainty about the shifting mortgage market. Here are the most common questions:
How to Minimize Your Risk of Debit and Credit Card Fraud
Debit and credit card use is becoming popular with millions of transactions carried out each day to purchase goods and services. Although credit card fraud is rare in Canada, it does occur, and it is important to protect yourself and know how to minimize your risk of fraud.
Give Your Home an Inexpensive and Fun Makeover This Summer
Many homeowners want to change their home’s decor but think they can’t afford it. Some even feel they should use the money to pay off their mortgage. However, revamping your home decor doesn't have to cost you a bundle. All it takes is creative thinking—colours, placement, and the mood you want to set. You'll be surprised how small changes can add flavour to your lifestyle without spending a lot of money.
Deciding Between a New or Existing Home
When trying to decide whether to buy an older home or a newly constructed one, many questions come to mind. Start by educating yourself and knowing the pros and cons of each.
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