Greater Vancouver Real Estate Statistics 2007
Greater Vancouver Real Estate Statistics 2007 The 2007 Landcor report summarizes Greater Vancouver Real Estate statistics for 2007; • A record number of apartments were sold during 2007, pushing a record high of 27,793. This has pushed the median price higher by 14.9% to 310,300 from $270,000 in 2006. • Detached property rose 15.1% with median prices [...]

Vancouver Property Market Statistics - The Sky is Not Falling In
Vancouver Property Market Statistics - The Sky is Not Falling In Records Set for Volume and Price, Province Wide The recently published Landcor report for 2008 states that in 2007 new record highs were set for the total dollar value of sales, a total of $62 billion of property was sold, a 15% gain from the [...]

Home Ownership is the Thing to do in your 20s!
A recent article in the Ottawa Citizen highlights the a new generation of investment-savvy 20-30 yr olds who are developing creative ways to get their foot on the property ladder. Some purchase with a friend, sibling or with help from parents, whilst others become landlords, renting extra bedrooms and suites to help pay the mortgage. The article [...]

First Time Buyers Property Purchase Tax Exemption is increased in Canada and Vancouver!
Good Morning first time buyers!, You have something else to celebrate now! The Government has issued amended First Time Home Buyers requirements.The qualifications for the exemption of first times buyers have changed. A first time home buyer can now qualify for a full exemption with a purchase price of less than $425,000.00 (previously $375,000.00).A first time [...]

NEW CMHC Rental Property Program - 100% financing and refinancing
New CMHC Rental Property Program - 100% financing and 95% refinaning has just been introduced by CMHC. For the first time in many years, CMHC is now insuring rental properties. While present at the REAG monthly meeting with Ozzie Jurock on Monday November 5th, 2007 to update investors in the Real Estate Market, and we were [...]