Monday, March 29, 2010 Vancouver Real Estate Update - RBC, TD hike mortgage ratesby Rob Zwick on Mon, Mar, 29, 2010 04:31 PM
Royal Bank and TD Canada Trust announced Monday they are increasing several fixed mortgage rates by up to 6/10ths of a percentage point.
The biggest jump is attached to the popular five-year fixed closed rate, which moves from 5.25 per cent to 5.85 per cent at both banks. That's the posted rate, which is routinely discounted by the big banks.
RBC's new discounted rate for the five-year term also rises... Saturday, March 20, 2010 Days of rock-bottom interest rates are numbered - Vancouver Real Estate Infoby Rob Zwick on Sat, Mar, 20, 2010 04:33 PM Categories: Buyers, Homes, Market Statistics, market trends, Mortgage rates, mortgages, properties, Real Estate, Real Estate Board, Sellers, Vancouver
From Saturday's Globe and Mail, Published on Friday, Mar. 19, 2010
The clock is ticking on Canada's record-low borrowing costs, as inflation continues to move at a faster rate than the central bank had expected.
The hot reading on inflation issued by Statistics Canada Friday is raising expectations that the Bank of Canada could lift interest rates as early as June.
Economists, meanwhile,... Friday, March 19, 2010 Toronto ravine home: a subtly-moulded Modernismby Rob Zwick on Fri, Mar, 19, 2010 06:50 PM
A ravine home by architect Siamak Hariri is at once generous and rigorous. At 11,000 sq. ft., it is a large house, but careful manipulation of interior spaces has banished any hint of chilly vastness.
There's an interesting book to be written about the deluxe modernist houses that hover over Toronto's lovely, deep ravines.
The available ravine-side building sites are often awkward in shape and... Friday, March 19, 2010 New Mortgage Insurance Rules For Canada in 2010 - Vancouver Real Estate Infoby Rob Zwick on Fri, Mar, 19, 2010 04:34 PM Categories: Buyers, Homes, Market Statistics, market trends, Mortgage rates, mortgages, properties, Real Estate, Real Estate Board, Sellers, Vancouver
Federal Finance Minister Jim Flaherty announced changes to mortgage insurance rules intended to come into force on April 19, 2010, as follows:
1. All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term.
2. The maximum amount one can withdraw in refinancing their mortgage will be reduced to 90%... Thursday, March 18, 2010 Finally, a Modern Vancouver Home...by Rob Zwick on Thu, Mar, 18, 2010 06:52 PM
As you ring the bell at 1098 Wolfe Ave. in Vancouver, its Jetsons-theme-music chime suggests you’re in for a bit of a show. Sure enough, the 6,500 square feet that lie beyond the front door comprise a showpiece, in a particularly literal sense of the term. This modernist mansion was designed to be a calling card for an emerging architect. And, as its recent sale for a cool $4.5-million attests,... Thursday, March 18, 2010 New Rules Governing Mortgages Leave Some Customers Confused - Vancouver Real Estate Infoby Rob Zwick on Thu, Mar, 18, 2010 04:35 PM Insured buyers must show 'ability to pay'...
By James Pasternak, Financial Post
When Frank and Susan Williams bought a house near Hamilton, Ont., this month, they followed a time-honoured tradition of using leveraged financing.
With mortgage insurance, they only had to put down 5% of the $270,000 purchase price. They went with a closed variable rate at 2.25% and amortized the loan over 35 years. The... Friday, March 12, 2010 B.C. home Hunters Feeling More Motivatedby Rob Zwick on Fri, Mar, 12, 2010 04:36 PM
36% say they are likely to buy in the next two years, up from 26% last year, poll shows...
Sentiment among would-be homebuyers continues to improve in B.C., according to an annual RBC home ownership study released on Monday.
The study reported that 36 per cent of B.C. residents in a recent survey conducted by Ipsos Reid said they are likely to purchase a home in the next two years, up from 26 per cent... Thursday, March 4, 2010 February Market Stats for Vancouver & Surrounding Areasby Rob Zwick on Thu, Mar, 4, 2010 04:38 PM Wednesday, March 3, 2010 Home Sales Activity Strong Through Olympic Periodby Rob Zwick on Wed, Mar, 3, 2010 04:39 PM Categories: Buyers, Homes, Market Statistics, market trends, Mortgage rates, mortgages, properties, Real Estate, Real Estate Board, Sellers, VancouverVANCOUVER, B.C. – March 2, 2010 –The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,473 in February 2010, an... |
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