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  1. RBC will raise mortgage rates Friday

    Steve RandallOther The Royal Bank of Canada says it will increase rates on some mortgages from Friday. Fixed mortgages of between 2 and 5 years will rise by 10 basis points while 5-year loans will rise by 15 per cent. While the federal regulations on mortgage lending have tightened conditions for the banks RBC’s Sean […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-01-2016
    Real Estate Related

  2. Millennials a force to be reckoned with in real estate market

    Other With millennials comprising about 25 per cent of Canada’s population, this segment is poised to outstrip their baby boomer parents in the real estate market as they start moving into their family-rearing years and purchase homes. A large part of this population lives in major job growth hubs like Toronto and Vancouver, driving sales […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    05-01-2016
    Real Estate Related

  3. Mortgage Down Payments

    Other 1. Homebuyers will have to put 10% down on the portion of the price over $500,000  *If client purchases a home for $750,000, they would have to put down 5% on $500,000 ($25,000) and 10% on the additional $250,000 ($25,000) for a total down payment of $50,000. This would be 6.66% of the purchase price.  2. […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-01-2016
    Real Estate Related

  4. Millennials to drive real estate growth

    Steve RandallOther Millennials are set to drive growth in Canada’s housing market, perhaps to a greater extent than their parents did. That’s according to the Canada Mortgage and Housing Corporation’s Dana Senagama who told the Toronto Star: “They’re going to be a force to be reckoned with over the next decade, especially as they move […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    04-01-2016
    Real Estate Related

  5. Vancouver single-family property assessments jump dramatically

    Naoibh O?ConnorVan. Courier Assessed values of both Vancouver east and west side single-family properties climbed dramatically over the previous year, according to B.C. Assessment. It released its annual assessment figures Jan. 4 and it provided a few examples of some individual assessments including one for an East Side, single-family, 33-foot lot, which jumped by 28 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    03-01-2016
    Real Estate Related

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