what's the best five year fixed rate?

(October 16, 2014, posted in Mortgage misc)

Over 60% of Canadians choose a five year fixed rate mortgage hence the creation of Five Year Fixed a 'one-stop' website to learn the best five year fixed mortgage rate in British Columbia.

While the rates shown on Five Year Fixed, updated daily, might not be the 'lowest' advertised rates you'll see on the market Five Year Fixed offers what they consider some of the BEST Five Year Fixed Rate Mortgag... read more.

first-time homebuyer quick facts

(October 15, 2014, posted in Mortgage misc)

In May 2014, CMHC completed an on-line survey of 860 First-Time Buyers from Canada. All respondents had undertaken a mortgage transaction in the past 12 months and all were one of the prime decision-makers within their household for matters relating to housing finance and mortgages.

First-Time Buyers and Technology
  • The majority of First-Time Buyers (84%) went online when gathering information about... read more.

great start to the autumn season

(October 11, 2014)

Home buyers were active in Vancouver's North Shore last month!

There were 198 North Vancouver (NV) property sales and 110 in West Vancouver (WV) in September.  This is up +22.2% and +20.9% respectively compared to last year and ranks as the third highest selling September for North Vancouver and the highest for West Vancouver over the last ten years.

In terms of listings there were 217 West Vancouve... read more.

another amazing month

(October 05, 2014, posted in West Vancouver Homes)

Over the first nine months of the year 641 West Vancouver homes have traded hands.  This stands 14.3% above the same period last year.

Provided the sale pace continues for the next three months we may see 2014 edge over previous year totals since 2005 but likely not catching up to 2011's phenomenal sale activity numbers.

September home sale totals were up +11% from the month before and +12.7% from sa... read more.

gains in home values

(October 04, 2014, posted in North Vancouver Homes)

North Vancouver home buyers were active in September
  • up +20.7%  compared to September 2013 ,
  • down -7.92% from the month before and
  • year-to-date up +18.49% compared to the same time frame in 2013.

North Vancouver homes have been experiencing seller market conditions month after month since the beginning of the year precipitating record home value gains in most neighborhoods!

North Vancouver's September m... read more.

september 2014 market update

(October 03, 2014)

What is "normal" interest rates?

(October 01, 2014, posted in Mortgage misc)

Interest rates are a key factor for real estate markets, but what are “normal” interest rates? 

Looking back through history, it becomes clear that there has never been a “normal” level for interest rates. In this short video, we take you back through time to explain why that is – and look at what this might mean for interest rates moving forward.

Source of Photo & Text: CREACafe