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ultimate mortgage checklist

(August 28, 2014, posted in Mortgage misc)



The lowest possible rate is how many define a good mortgage. But that’s like judging the “best car” by the one with the lowest monthly payment.

Anyone who’s had to cough up a mortgage penalty or deal with refinance limitations can vouch for one thing: Mortgage restrictions can easily outweigh small (e.g., 0.10 to 0.15 percentage point) differences in interest rates.

It’s tough to predict your refina... read more.

home buying guide for new immigrants to canada

(August 27, 2014, posted in Canadian Newcomers, Non-Residents)



Welcome to Canada!

Good news is buying a home in Canada is relatively easy compared to other countries. 

Here is a great 'visual' I came across today that puts in perspective how easy buying a home in Canada can be if you are a new immigrant.

The infographic tells you a bit about:
  •  Canada
  • the property market, 
  • types of housing, 
  • what to consider when buying a home, 
  • what to look for when buying a home, 
  • finding... read more.

multiple offers on West vancouver homes

(August 19, 2014, posted in West Vancouver Homes)



West Vancouver's house market has had less competing buyers vying for one home in contrast to North Vancouver.

Over the past eight months approximately 9% of West Vancouver's 514 home sales sold over their list price in comparison to 21% of North Vancouver's 853 home sales.  In addition, 5% of West Vancouver homes sold at full list price and 7% in North Vancouver.

$2,100,000 and $1,072,250 respective... read more.

Multiple offers on north vancouver homes

(August 18, 2014, posted in North Vancouver Homes)



Up to 21% of North Vancouver homes sold over their list price indicating they were likely in multiple offer situations and 7% received full list price!

Delving a bit further into the Real Estate Board of Greater Vancouver MLS stats from January 1 st to August 15th the following are approximate percentage of sales over the MLS list price:
  • 8% in the $600,000 range,
  • 20% in the $700,000 range,
  • 26% in the... read more.

North Vancouver strata pulse

(August 15, 2014, posted in North Vancouver Strata)



Since the beginning of the year the North Shore's North Vancouver strata market pulse has been hanging mostly in the upper reaches of balanced market conditions:
  • 15% January SRA
  • 21% February SRA
  • 16% March SRA
  • 17% April SRA
  • 20% May SRA
  • 23% June SRA
  • 18% July SRA

West Vancouver strata market pulse has not been following North Vancouver's balanced market trend. Instead West Vancouver strata market has been pr... read more.

west vancouver strata pulse

(August 14, 2014, posted in West Vancouver Strata)


Since the beginning of the year the North Shore's West Vancouver strata market has been pretty much in buyers' market territory:
  • 11% Sales Ratio average (SRA) in January meaning that 1.1 in 10 strata homes selling
  • 13% February SRA
  • 10 % March SRA
  • 14% April SRA
  • 14% May SRA
  • 16% June SRA
  • 13% July SRA

North Vancouver strata market pulse is a bit different from West Vancouver hanging mostly in the upper reaches... read more.

the skinny on north Vancouver real estate

(August 13, 2014, posted in North Vancouver Homes)



North Vancouver house sales recorded through the Real Estate Board of Greater Vancouver MLS® system were down from the month before, -17.04% and down -3.45% compared to July 2013.



West Vancouver July detached (house) sale numbers were also down -25.51% from June and down -10.39% from last July.



July inventory numbers in North Vancouver (NV) lessened by -13.18% whereas West Vancouver (WV) increased... read more.

The skinny on West vancouver real estate

(August 12, 2014, posted in West Vancouver Homes)




West Vancouver July detached (house) sale numbers recorded through the Real Estate Board of Greater Vancouver MLS® system were down -25.51% from June and down -10.39% from last July.  North Vancouver house sales were also down from the month before, -17.04% and down -3.45% compared to July 2013.





July inventory numbers in West Vancouver (WV) increased +2.95% from the month before whereas North Vancou... read more.

july 2014 market update

(August 04, 2014)

non-resident buyers and sellers of real estate

(August 01, 2014, posted in Canadian Newcomers, Non-Residents)



There are certain legal and accounting issues that arise when a non resident of Canada acquires or sells property in Canada.  These issues are set out below.

Non-Resident Purchases

The issues that arise from a non resident purchase are not from the purchase of the property, but rather from holding the property over a long period of time. There are no restrictions for a non resident purchase, nor are... read more.