Blog by The Schacter Team

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New Langley homes will be more competitive

July 16th, 2010

Published: July 01, 2010 2:00 AM

The Fraser Valley will offer buyers of new homes savings, now that the Harmonized Sales Tax (HST) has gone into effect, according to the Fraser Valley Real Estate Board.

Deanna Horn, board president, said "Since the majority of new townhomes and apartments, as well as select, new single-family homes in our region sell for less than $525,000, the new housing ...

National Housing Price Index up for 11th straight month

July 8th, 2010


OTTAWA - Housing prices rose for the eleventh straight month in May, advancing 0.3 per cent compared to the month before and in line with analyst expectations, Statistics Canada reported Thursday.

The gains were led by Regina, where prices advanced 3.4 per cent, and Toronto and Oshawa, where prices rose 0.7 per cent.

Prices fell in Kitchene ...

Real estate numbers are transitory, but value is forever

July 7th, 2010

The only 'news' that matters: the metropolitan population increases 50,000 annually

Real estate news can mean different things to different people. A headline announcing either a dramatic drop or a wild ...

Healthy increase in starts

June 10th, 2010

Huge hikes in Vancouver area while national figures falter

Housing starts across the Vancouver area showed healthy increases in May, posting a year-over-year jump of 150 per cent, according to Canada Mortgage and Hous ...

Banks See A 2.75% Rate Hike In 19 Months

April 15th, 2010


Canadian Mortgage Trends,
Apr. 10 '10
Businessman Consulting Glowing Crystal Ball Economists at the Big 5 banks worked overtime this week, polishing their rate forecasts and fielding calls from reporters.

It seemed every major media outlet in the country ran stories on where interest rates are headed.

Here's what the "prophets'" predict rates will do by the end of next year (2011):

* BMO ...

Home prices up by 19%

April 14th, 2010

The average house price in B.C. climbed 19 per cent to $504,312 in the first quarter of this year from the same period in 2009, the B.C. Real Estate Association said. Residential sales across the province on the Multiple Listing Service system rose 64 per cent to 18,284 units during this period, it said Tuesday.

Assoc ...

House hunters in rush to beat rate, tax hikes

April 14th, 2010

Banks begin second round of interest raising

Royal Bank of Canada and Bank of Nova Scotia have hiked residential-mortgage rates for the second time in as many weeks, likely sparking another round of increases from other banks at the onset of what is expected to be one of the bu ...

RBC, Scotiabank raise rates for second time in two weeks

April 14th, 2010

Royal Bank of Canada and Bank of Nova Scotia have hiked residential mortgage rates for the second time in as many weeks, likely sparking another round of increases from other banks at the onset of what is expected to be one of the busiest home-buying seasons in recent memory.

As of today, RBC and Scotia's ...

Sound advice for property investors

April 11th, 2010

Think long-term instead of speculating; look for a future, not a past

Author Don Campbell launches his new book, which offers tips for real-estate investors, advising them to buy for cash-flow in neighbourhoods with infrastructure improvements.

Author Don Campbell launches his new book, which offers tips for real-estate investors, advising them to buy for cash-flow in neighb ...

Gallantree not just for the gallant

April 10th, 2010

Abbotsford apartments an opportunity for the stylish, adventuresome;

The four-storey, 56-residence Gallantree building is one more entry in that ledger in which the urbanization of the Fraser Valley community of Abbotsford is counted.

The four-storey, 56-residence Gallantree building is one more entry in that ledger in which the urbanization of the Fraser Valley community o ...

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