Evon Mayer, Surrey real estate: Blog

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NEW MORTGAGE QUALIFYING RULES

March 9th, 2010

New Qualifying Rules 20% down is the new required down payment starting April 19th, 2010 for rental properties. The new qualifying rate for mortgage qualification with a LTV (loan to value) over 80% is the bank posted rate for terms less than 5 years or VRM (variable rate mortgages). Click here to view the details further The bond yield is very high right now, rates will probably go up ...

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go CANADA go

February 19th, 2010

The Canadian Century? by Nathan Vardi, Forbes.comTuesday, February 16, 2010provided by In 1904 Canadian Prime Minister Wilfred Laurier made this prediction: "The 19th century was the century of the United States. I think we can claim that it is Canada that shall fill the 20th century."Maybe Laurier was just a man 100 years before his time. As the world assembles in Vancouver for the Winter ...

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MORTGAGE INSURANCE RULES ANNOUNCEMENT

February 16th, 2010

Changes in mortgage requirements…. Good news is that the owner-occupied down payment minimums remains at 5% and amortizations haven’t changed. Changes take effect April 19, 2010. Please see the attached for more details or give me a shout if you have any questions. MORTGAGE INSURANCE RULES ANNOUNCEMENTThis morning, Federal Finance Minister Jim Flaherty announced prudent changes to ...

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January 2010 Economics Report

February 11th, 2010

I’m very pleased to provide you with a link to TD Economics’ January edition of Global Markets report - “The Great Transition”. This report provides a quarterly interest rate and exchange rate forecasts for the U.S., Canada, Australia, and New Zealand, and also offers additional exchange rate forecasts for the Japanese yen, the euro, the U.K. pound, and the Swiss franc. Read this January ...

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January Real Estate Sale Statistics

February 4th, 2010

ACTIVE PRE-OLYMPIC HOUSING MARKET IN THE FRASER VALLEY (Surrey, BC) – The Fraser Valley experienced a return to typical home sale levels plus an early surge in new listings in January, according to the latest figures from the Fraser Valley Real Estate Board. Paul Penner, President of the Board said, “Compared to last January, the market has returned to balance. Consumers continue to take ...

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HST for Dummies!

January 20th, 2010

HST rebate explanation for home buyersThe concept of HST scares many people and I am asked about this all the time. That being said I put together a simplified version of how this will affect you. HST (Harmonized Sales Tax) is a new tax being introduced next year (2010) that will greatly affect real estate. Previously we were charged 5% GST on new construction, plus property transfer tax (if ...

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Interest Rates will Remain !!

January 20th, 2010

Interest Rates Today (January 19th),the Bank of Canada met again to discuss the over night lending rate, and they chose to keep the rate at its current value and revisit the circumstances in three months. This means all you lucky people with LOC’s (line of credit’s) or VRM’s (variable rate mortgages) get to enjoy record breaking rates even longer. Are you about to purchase and can’t decide w ...

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NEW MORTGAGE QUALIFYING RULES

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go CANADA go

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MORTGAGE INSURANCE RULES ANNOUNCEMENT

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January 2010 Economics Report

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January Real Estate Sale Statistics

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HST for Dummies!

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Interest Rates will Remain !!

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Real Estate Numbers are UP !

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2009 Building Boom Year !

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House Prices set to Surge- Province Jan. 8,2010

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