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Blog by Kevin Wong

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Marpole OPEN HOUSE!!

July 25th, 2012

We are proud to announce that this Jul 28th, 2:00 PM to 4:00 PM we will be hosting an Open House at 911 64TH Ave W in the Marpole neighborhood, Vancouver West. This is an opportunity to visit this excellent House for sale in beautiful Marpole.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Marpole House for sale.

As always please do not h ...

Garden City OPEN HOUSE!!

July 23rd, 2012

We are proud to announce that this Jul 29th, 2:00 PM to 4:00 PM we will be hosting an Open House at 8591 GARDEN CITY Road in the Garden City neighborhood, Richmond. This is an opportunity to visit this excellent House for sale in beautiful Garden City.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Garden City House for sale.

As always p ...

2201 5833 WILSON Ave, Central Park BS, Burnaby South, British Columbia NEW LISTING!!

July 18th, 2012

I just finished uploading this Condo for sale, 2201 5833 WILSON Ave, Central Park BS, Burnaby South, British Columbia

Gorgeous penthouse suite at the "Paramount" built by Bosa. Breathtaking views of Deer Lake, Northern mountains & Metrotown. Over 1200 SF of quality living that includes 3 bdrms & 2 bathrooms. Huge NE patio perfect for BBQ's, entertaining & enjoying the views. Recently renovat ...

Canadian Home Sales Edge Lower in June

July 17th, 2012

Canadian home sales edge lower in June

According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity edged lower on a month-over-month basis in June 2012. Price gains remained strong in Toronto, continued slowing in Greater Vancouver, and accelerated in Calgary.

Highlights:

  • Home sales down 1.3% from May to June.
  • ...

Bank of Canada Keeps Interest Rates On Hold, Cuts Growth Forecast

July 17th, 2012
The Bank of Canada kept its overnight rate target at 1 per cent on July 17th, 2012. Borrowing costs have been unchanged at this level since September 2010.

The text accompanying the announcement reiterated many of the same points that were in the June 5th statement. This includes the wording of the bottom line, which leaves the door open to future rate hikes, but taken together with an o ...

Marpole OPEN HOUSE!!

July 12th, 2012

We are proud to announce that this Jul 14th, 2:00 PM to 4:00 PM we will be hosting an Open House at 911 64TH Ave W in the Marpole neighborhood, Vancouver West. This is an opportunity to visit this excellent House for sale in beautiful Marpole.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Marpole House for sale.

As always please do not h ...

Central Park BS OPEN HOUSE!!

July 12th, 2012

We are proud to announce that this Jul 15th, 2:00 PM to 4:00 PM we will be hosting an Open House at 5833 WILSON Ave in the Central Park BS neighborhood, Burnaby South. This is an opportunity to visit this excellent Condo for sale in beautiful Central Park BS.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Central Park BS Condo for sale.

...

June 2012 Housing Market Update Video - Real Estate Board of Greater Vancouver

July 9th, 2012

New Rules For Mortgage Finance in Canada

July 9th, 2012
The government has announced that as of July 9, 2012, new rules will apply to government-backed insured mortgages where the borrower has less than a 20% downpayment.

The government will:

1) Reduce the maximum amortization (pay back) period on a mortgage to 25 years from 30 years;


2) Lower the maximum amount borrowers can refinance to 80% loan-to-value (LTV) from 85%;


3) Limit the gros ...

Mortgage Rules Won't Lower Prices

July 9th, 2012

There is considerable concern about rising house prices in Canada. Some fear a housing bubble like the one that decimated the U.S. housing market and spilled over into the worldwide Great Financial Crisis.

Moreover, there is legitimate concern that household debt has reached new heights at 152 per cent of discretionary income. The Bank of Canada considers it a principal risk to t ...

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