Prudent Canada Won't Experience a US-Style Housing Collapse
October 7th, 2008
Prudent Canada Won't Experience a U.S.-style Housing Collapse
Blog by Evon Mayer
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October 7th, 2008
Flaherty says Canada in Good Financial Shape
October 7th, 2008
Flaherty says Canada In Good Financial Shape
Expert's Weigh in on the Market
September 25th, 2008
Will the market continue to pause, improve or worse, lead to another big housing recession like the one in the early 1980s when properties and fortunes were lost?
“The 1980s were a completely different situation,” assures Muir. “Interest rates rose as high as 21.75 per cent and unemployment reached 12 per cent.”
Helmut Pastrick, Chief Economist at Central 1 Credit Union agrees that our ...
MLS Sales Statistics 2008
September 11th, 2008
MLS Sales to date for 2008 = 10,489 MLS Sales to date for 2007 = 13,799 Down 24%
MLS Sales for August 2008 = 910 MLS Sales for August 2007 = 1,763 Down 48%
New Mortgage Regulations
September 11th, 2008
New mortgage market regulations coming On July 9, the Government of Canada announced that mortgage market regulations would tighten later this year to ensure a healthy housing market and reduce the risk of a US-style housing bubble from developing in Canada. Effective October 15, 2008, government-backed mortgage insurance will only be available on mortgages with an amortization period up to ...
Market Shift
July 18th, 2008
A market shift = a shift in expectations Market conditions have shifted. After five years of blockbuster activity and double-digit price growth, market conditions have slowed, and now favour buyers in many areas of the province. In the Greater Vancouver board area, where longer-term data is available, inventory is at the highest level since 1998. Home price appreciation observed from 2004 t ...
Price is Critical !
May 26th, 2008
Pricing a home in a changing market
By Joseph Pluscht Jr.
Today, pricing has never been more critical — or difficult. Some sellers refuse to accept that prices have leveled off; others are confused about the changing market conditions.
Price vs. Value
First, you have to understand the difference between price and value. Two homes might have identical prices and similar spe ...
Future Surrey/White Rock
March 2nd, 2008
Tomorrow’s Surrey/White Rock
According to a ground-breaking report by BCREA’s new economics team, the
future of Surrey/White Rock will include lots of older people looking to buy
townhomes and condos!
Their first-ever report, Surrey/ White Rock Long-Term Housing Report, released on January 25,
projects long-term demand for housing in Fraser Valley’s large ...
Homeowner Grant changes
February 21st, 2008
Homeowner Grant threshold raised again
In response to rising property values, the BC government announced that it would raise the Home Owner Grant threshold for the fifth consecutive year. The new threshold for homeowners to receive the full grant will be $1,050,000 in assessed property value, up from $950,000.
The Home Owner Grant Program reduces the amount of residentia ...
Happy New Year !
January 2nd, 2008
Looking forward to 2008.
I anticipate January 2008 to follow January 2007 and be one of our most active months of the year. If you are thinking of buying or selling, we should meet sooner rather than later to put together the most effective marketing program for your home.
I look forward to hearing from you.
Call Evon anytime @ 604.418.5786 or email me @ evon@evonmayer.com ...