GDS/TDS RATIOS EXPLAINED
April 15th, 2021
One of the major qualifiers lenders look at when considering your application for mortgage financing is your debt service ratios. Now, before we get started, if you prefer to have … [read more]
Written By Suzanne Callaghan
Suzanne Callaghan is your North Shore Real Estate resource. Call 604.230.9339 now.
5 Canadian real estate market trends to watch in 2021
February 11th, 2021
2020 was unique for the Canadian real estate market. The pandemic slowed the market for a brief period at the start of the spring market and then things really picked up. We continue to see rising prices and a brisk market. Can we expect to see this continue going forward? [read more]
February Market Update
February 2nd, 2021
“With home sale activity well above our January average, the supply of homes for sale isn’t able to keep pace,” Colette Gerber, REBGV Chair said. “This is causing increased competition amongst home buyers and upward pressure on prices.” [read more]
The Spring Market is Starting Early!
February 1st, 2021
The Spring market is starting EARLY! With travel restrictions in place and people unable to go away for the holidays, we’re seeing a boom in the market. Pricing is back to 2016/2017 peaks, and home owners can now afford to get out from under heavy 5 year mortgages that are up for renewal! [read more]
Possible Tax Implications of the Land Ownership Transparency Registry
January 12th, 2021
Is there a correlation between these two? Not yet, according to Tony Spagnuolo, Spagnuolo Law. Tony speculates that the government will be looking for ways to cover the costs of COVID relief initiatives. [read more]
January Market Update
January 5th, 2021
“Robust December sales outpaced long-term averages in what’s traditionally the quietest month of the year in real estate. This was part of an unusual seasonal pattern the market followed last year, which can be attributed in large part to the pandemic,” Gerber says. [read more]
December Market Update
December 7th, 2020
“Home buyer demand has been at near record levels in our region since the summer,” Colette Gerber, REBGV Chair said. “This is putting upward pressure on home prices, particularly in our detached and townhome markets." [read more]
ACCESS YOUR HOME EQUITY
November 12th, 2020
Sabeena has a great article on accessing your home equity. Our homes are our greatest investments and over time we are able to build equity while providing ourselves a place to live too! Read on... [read more]
Largest Real Estate Markets See Unemployment Improvement
November 11th, 2020
According to Daniel Wong's Better Dwelling article, Vancouver' unemployment rate is back in the single digits. Last October the unemployment rate was 5% while this October the rate is down 1.4% from September and currently sits at 9.7%. [read more]
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