December 2008 - Posts

23 December 2008
Canadian Mortgage Industry in the Media

In recent weeks, there have been numerous articles in the national media on the state of the Canadian mortgage industry. Issues regarding the impact of longer amortizations and a perceived failure to anticipate the effects of various mortgage products Read More...

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Filed under: Real Estate, Market Conditions, real estate market, canada's housing market, mortgage rates

 

13 December 2008
Homebuyers Benefit from Lower Prices

Vancouver, BC – December 12, 2008. British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in BC declined 67 per cent to $1.07 billion in November, compared to November Read More...

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Filed under: Real Estate, Market Conditions, Buyer Information, real estate market, BC real estate statistics, BC real estate market

 

09 December 2008
Bank of Canada drops rate .75%!

Economic crisis, turmoil, political upheaval... we thought you could use a little good real estate related market news! In a further attempt to get the economy moving, the Bank of Canada announced a .75% decrease to their overnight rate this morning, Read More...

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Filed under: Buyer Information, Canadian interest rates, mortgage rates, BC real estate market

 

07 December 2008
Ozzie Jurock says: "We'll be fine in 2009"

Ozzie Jurock, British Columbia's best known real estate consultant and investor, has seen housing and financial crashes before and he is confident B.C. will ride out the current downturn with ease. In 1992, Jurock notes, some 787 U.S. banks had collapsed Read More...

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Filed under: Real Estate, Market Conditions, Buyer Information, real estate market, Columbia Valley real estate, BC real estate market