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Harder to buy as time goes on....Buyers market now but tougher lending rules

June 22nd, 2012
Federal Government Changes to Mortgage LendingFor the fourth time in as many years, the Federal Government has announced action to restrict mortgage credit. The new measures include:   The maximum amortization on a prime mortgage will be reduced from 30 to 25 years. Mortgage insurance will not be provided for properties valued over $1 million. Refinancing has been lowered from a maxim ...

Unbelievable Waterfront Bargain!

June 21st, 2012
Unbelievable Waterfront Bargain!For the second time in a year, I have sellers who are listing their house at far below what I am recommending..... In this case they are dropping their price by $300,000 to make this home one that I would like to buy myself-to live in-as it is much better than my house and even at the current price, prior to the $300k price reduction, is good value.It is on my ...

Spring activity remains balanced in the Greater Vancouver housing market

June 20th, 2012
Spring activity remains balanced in the Greater Vancouver housing marketThe number of properties listed for sale continued to increase in the Greater Vancouver housing market in May. The number of sales decreased year over year, but remained relatively constant compared to recent months.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vanco ...

Dollarton Homes For Sale – May 2012

June 8th, 2012
There are currently 15 single family homes for sale in the Dollarton area of North Vancouver. Price Range Prices range from $ 927,700 for a 3 bedroom, 2,012 sq ft home at 698 Fairway Drive to $7,988,000 for a 5 bedroom, 6,920 square foot home at 978 Beachview Drive. Current Listings Of the current 15 homes for sale 6 have been listed in the month of May 2012. The 6 new homes listed range ...

Deep Cove Homes For Sale – May 2012

June 8th, 2012
There are currently 27 single family homes for sale in the Deep Cove area of North Vancouver. Price Range Prices range from $649,000 for a 2 bedroom home at 1737 Banbury Road to $10,998,000 for a 7 bedroom, 12,922 square foot home at 2888 Panorama Drive. Current Listings Of the current 27 homes for sale 8 have been listed in the month of May 2012. These 8 listings range in price from $649 ...

Face the World Foundation 2012 Gala UBC Vancouver

June 5th, 2012
Face the World Foundation 2012 Gala UBC VancouverIt was fabulous - lots of great people, food, my favorite champagne and if I had stayed away from the silent auction table it may not have bankrupted me!All for some excellent charitable causes and a limo tour for wine tasting in Washington will be fun!And of course for me the extra benefit of seeing some lovely real estate while enjoying the e ...

Macrealty May 2012 Market Update

May 25th, 2012
Is now a good time to buy? It's a question that we hear in the real estate industry all the time. The answer is simple: It's the right time to buy when (1) you want to, (2) you have a long-term view, and (3) you can afford to.Buying patterns are dictated by a multitude of factors, but they mostly have to do with changes in life circumstance: moving out of your parents' house, getting married, ...

Greater Vancouver housing market maintains a steady spring pace

May 5th, 2012
Greater Vancouver housing market maintains a steady spring paceHome sale and listing activity has maintained a consistent pace on the Multiple Listing Service® (MLS®) in Greater Vancouver in recent months, which has helped create balanced conditions for the region’s housing market.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver r ...

Macrealty April 2012 Market Update

April 27th, 2012
Macrealty April 2012 Market UpdateThere has been a lot of mortgage news recently as the Big Banks fight for market share with record-low mortgage rates. In February, we covered how BMO Bank of Montreal started the mortgage wars by offering a 2.99% 5-year fixed rate mortgage. Other lenders followed suit, matching the 2.99% rate, but generally offering only a 4-year option. On March 29th, RBC R ...

Government Grants for Property Owners and Buyers

April 17th, 2012
There are a number of grants available from Government to assist people who own or are buying property.

Here is a list of 28 of those grants, taken from Realtor Link magazine, April 5, 2012:


top_28_grants_and_rebates,_march_20,_2012.pdf


top_28_grants_and_rebates,_march_20,_2012_Page_1.jpg

top_28_grants_and_rebates,_march_20,_2012_Page_2.jpg


If you have any questions, please call me.


Patricia Houlihan
(604)376-7653


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