Blog by The Schacter Team

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Nothing new in high house prices

January 31st, 2012
Brock Macdonald enjoys the view Friday from his Yaletown condo - after spending 25 years living in Langley.
THE PROVINCE JANUARY 29, 2012

What's changed?

This is not a new story. I was born in Vancouver. But in the days of double-digit-interest mortgage rates in 1982 I couldn't afford to live there.

So when I was 23, we bought our first home, a townhouse in Surrey, for $53,000. ...

Looking for greater affordability? Head to Fraser Valley

January 26th, 2012


 

January, 26 2012 

According to the president of the Fraser Valley Real Estate Board (FVREB), international affordability studies regarding Vancouver are misleading because they don’t reflect the reality that homebuyers purchase more affordable homes every day in neighbouring communities. 

Sukh Sidhu is a REALTOR® who lives and works in Abbotsford. “So far this month, over 50 homebuyers i ...

More mortgage rules planned if housing market gets too hot

January 25th, 2012
More mortgage rules planned if housing market gets too hot
Garry Marr  Jan 23, 2012 
   
A new round of mortgage rules from Ottawa could include tough new measures for calculating how the self-employed qualify for loans and tighten regulations for condominium buyers, according to two separate sources.
Ottawa remains concerned about the possibility of an inflated housing market and wants to ...

Premier announces $353 million for new schools

January 24th, 2012
Monday, October 31, 2011 11:45 AM

SURREY - Students will benefit from new or expanded schools, as the Province rolls out a $353-million school capital plan, Premier Christy Clark announced today.

"There are school districts in our province that have experienced tremendous student enrolment growth in recent years, and are in need of funds to expand current schools or build new ones. Th ...

Moderate growth eases concern of crash in housing market

January 20th, 2012
Canada’s real estate market is growing at a snail’s pace, reinforcing hopes the housing sector will glide to a soft landing instead of crashing.
Worries over the economy have dampened demand in some resale housing markets, but the prospect of low interest rates for at least another year is luring buyers and helping create an equilibrium in most parts of the country.
MORE RELATED TO THIS STO ...

Forget house prices, how about this weather?

January 19th, 2012
Vancouver is chilled by an Arctic cold front, but the real estate market remains red-hot.
 

Vancouver is chilled by an Arctic cold front, but the real estate market remains red-hot.

Photograph by: Mark van Manen, PNG files

In Vancouver, weather runs a distant second in water cooler conversations to real estate as the price tag on property soars ever higher. The recent release of B.C. Assessments’ valuations certainly had tongues wagging and homeowners contemplating a sale ...

Avoid these 5 first-time homebuyer mistakes

January 19th, 2012

First-time homebuyers have never gone through the stressful experience of buying a home, and they often learn the hard way that making a wrong turn during this process is costly and stressful. Sometimes it leads to a failed deal.

Getting approved for a mortgage, finding the right agent, searching for the perfect home and staying within a budget are some of the challenges buyers must face bef ...

Mortgage rates dropping due to cheap bonds BMO, TD lower some fixed rate offerings to 2.99%

January 17th, 2012
People view properties advertised for sale in the window of a real estate agency in 2009. Low borrowing costs for banks are translating into falling mortgage rates.People view properties advertised for sale in the window of a real estate agency in 2009. Low borrowing costs for banks are translating into falling mortgage rates. (Stephen Hird/Reuters)

Is real estate overheated? The bubble discussion rages on

January 17th, 2012
iStock

iStock


Earlier this week several heads of Canada’s biggest banks warned about a possible correction in the housing market. The comments, delivered at an industry conference in Toronto, were perhaps not unexpected given that senior policy makers including Bank of Canada Governor Mark Carney have been saying pretty much the same thing for the past year. What was surprising was that only ...

Handling the jerk next door

January 13th, 2012

Thumbnail Image

When they moved in two years ago, Peter and Maureen Fabini loved everything about their two-storey, four-bedroom home—the leafy street, the good schools and the snug location on a quiet crescent in St. Catharines, Ont. It was perfect except for one thing: the double cedar hedge separating their house from their neighbour’s. It sat right between the two driveways and the overgrown branches s ...

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