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April 11, 2018
How was the real estate market this March? In general, sales have dropped and prices went higher, especially in the condo market. As per the REBGV (Real Estate Board of Greater Vancouver), there were fewer home sales and listings in the first quarter of 2018. Although it was a quiet […]
November 4, 2017
Housing Stats for October 2017 Metro Vancouver home sales exceeded typical historical levels in October with the majority concentrated in the townhouse and condo/apartment markets. Per the REBGV (Real Estate Board of Greater Vancouver) – “Conditions continue to vary significantly based on property type. The detached home market is well […]
November 2, 2017
What Happened? In October, the Office of the Superintendent of Financial Institutions, the country’s banking regulator, introduced a new stress test for banks to apply to borrowers. Those taking out uninsured mortgages have to be qualified at whichever rate is higher: the rate offered by the bank plus two per cent, or the five-year benchmark […]
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April 11, 2018
How was the real estate market this March? In general, sales have dropped and prices went higher, especially in the condo market. As per the REBGV (Real Estate Board of Greater Vancouver), there were fewer home sales and listings in the first quarter of 2018. Although it was a quiet […]
November 4, 2017
Housing Stats for October 2017 Metro Vancouver home sales exceeded typical historical levels in October with the majority concentrated in the townhouse and condo/apartment markets. Per the REBGV (Real Estate Board of Greater Vancouver) – “Conditions continue to vary significantly based on property type. The detached home market is well […]
November 2, 2017
What Happened? In October, the Office of the Superintendent of Financial Institutions, the country’s banking regulator, introduced a new stress test for banks to apply to borrowers. Those taking out uninsured mortgages have to be qualified at whichever rate is higher: the rate offered by the bank plus two per cent, or the five-year benchmark […]
October 22, 2017
The Office of the Superintendent of Financial Institutions (OFSI) confirmed on October 17 that all mortgage applicants would have to pass a “stress test” on their qualifying income – no matter how high their down payment as of January 1st, 2018. Last fall a stress test was introduced to […]