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If A Starbucks Opens In A New Neighborhood, It's Time To Buy A Home There

November 16th, 2012
"Wake up and smell the coffee," writes Michael Corbett, Trulia's real estate expert and and host of NBC's "Extra's Mansions & Millionaires!" in his book Before you Buy! The Homebuyer's Handbook for Today's Market.

He's talking about big chains such as Starbucks and Whole Foods. If you see them opening in a new neighborhood, it's a sign that the neighborhood is up-and-coming, and therefore a ...

Goodbye 30 yr Amortization

June 21st, 2012
Mortgage rules have tightened up again. 

As you may have already heard, the government announced today that mortgage rules will be changing. New rules will be taking into effect July 09, 2012. I have attached a link from today’s announcement and have summarized the three major changes. Here are the changes:

  1. Maximum amortization is now 25 years (from 30 years)
  2. Mortgage re ...

TD and RBC end 2.99% mortgage deals early

February 10th, 2012

TD, RBC end 2.99% mortgage deals early

By Eric Lam, Financial PostFebruary 8, 2012 8:08 AM

After briefly offering record-low rates of less than 3% on some of its mortgages in response to its rivals, Canada’s two biggest banks have pulled back their offers prematurely.

Toronto-Dominion Bank, Canada’s second-largest bank, raised its special four-year closed fixed ...

2012 KICKS OFF WITH NEW HOME PRICE MEASUREMENT; AND, A SLUGGLISH START TO SALES

February 6th, 2012

News Release: February 6, 2012
2012 KICKS OFF WITH NEW HOME PRICE MEASUREMENT; AND, A SLUGGLISH START TO SALES
(Surrey, BC) – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) processed 799 sales in January, a decrease of 4 per cent compared to the 834 sales in January last year and 10 per cent fewer than were processed in December. In the last decade, January 2012 was seco ...

Grade 12 Bursaries

February 6th, 2012
RE/MAX of Western Canada is renewing the organization’s commitment to our future community leaders by offering $16,000 in bursary funds and one recipient; in addition to their bursary, will receive a hot air balloon ride for two in its annual Quest for Excellence Program.
 
The Quest for Excellence Program recognizes the pursuits in leadership and community contributions of Western ...

Looking for Affordable Housing? What about the Fraser Valley?

January 30th, 2012

LOOKING FOR GREATER AFFORDABILITY? HEAD TO FRASER VALLEY

SURREY, BC – According to the president of the Fraser Valley Real Estate Board (FVREB), international affordability studies regarding Vancouver are misleading because they don’t reflect the reality that homebuyers purchase more affordable homes every day in neighbouring communities.

Sukh Sidhu is a REALTOR® who lives and wo ...

RE/MAX App now available for blackberry users!

January 12th, 2012

The Blackberry version of the RE/MAX of Western Canada Real Estate search mobile app is now available on the Blackberry Appworld.

The app is available on Blackberry OS 5.0 devices and higher and can be downloaded here:

http://appworld.blackberry.com/webstore/content/72564?lang=en

Reading Statistics

August 4th, 2011

August 2011 Market Update

"There are 3 kinds of lies: Lies, Damned Lies, and Statistics"

- Mark Twain

There's no doubt that real estate is an interesting topic of conversation for the public. The media, in an attempt to feed this appetite for real estate news, often publishes interesting pieces of real estate information that help sell papers. Due to this heavy dose of constant r ...

Negotiation for Buyers

July 4th, 2011
This month, we’ll be turning our attention to Buyers and offer certain strategies for how you should approach the negotiation process. Remember, these are just general guidelines. Every situation is unique and you should talk to a professional Realtor about your specific circumstances.

1) Make Offers on Reasonably Priced Properties

Pricing is an art that some Realtors understand ...

Changes to the Rules for Gov'ernment Insurance Mortgages

January 18th, 2011
Thanks to my friends at RBC, we've put together a concise explanation of the latest changes with government insured mortgages:

Changes to the Rules for Government Insured Mortgages

 

Since October 2009, the Government of Canada has been systematically tightening mortgage financing regulations for all federally regulated lenders.  The ...

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