cmhc to help self-employed with mortgage

(August 10, 2018, posted in Mortgage misc)

If you are self-employed, you're part of a growing trend.

About 15 per cent of Canada’s workforce is now self-employed, a group that typically finds it more difficult to qualify for a mortgage because their income may vary or be less predictable.

As of October 1, 2018, Canada Mortgage and Housing Corporation (CMHC) mortgage loan insurance will be available to lenders helping self-employed borrowers... read more.

what's the real estate market doing?

(August 09, 2018, posted in North Shore)

In West Vancouver, there were 32 sales in the month of July. The sales to new listings ratio was 28% which represents a buyer’s market. For July 2018, the sales to total active listings percentage was 6%, a decrease from 8% in July 2017. Sales for July 2018 were down by 9 units compared to July 2017.

The West Vancouver listing inventory has decreased by 45 homes compared to June 2018 and increased... read more.

changing real estate landscape

(August 08, 2018, posted in Vancouver Metro Real Estate)

July’s residential housing sales reached their lowest level since the year 2000.  Let’s take a closer look.

REALTOR® 's rgistered just over 2,000 sales on MLS in July.  This is a 30% decline from the same period last year and 29% below the 10 year July average.

Summer is traditionally a quieter time of the year for real estate. This is particularly true this year with increased mortgage rates, stricte... read more.

supply accumulating

(July 16, 2018, posted in North Vancouver Strata)

North Vancouver's (NV) townhome and apartment market sale activity  year-to-date has been holding in seller's territory.

The sales-to-active listings, over a sustained period of time determines the market:
Balanced Territory
A balanced market occurs when the sales-to-active listing ratio is between 12-19%. In a balanced market prices should rise in-line with the long term average of inflation.
Seller’s... read more.

seller market conditions wane or sustain?

(July 15, 2018, posted in North Vancouver Strata)

North Vancouver (NV) apartment market has sustained 'seller market conditions' month after month since February 2015!  

Recent MLS® stats indicate reduced demand and increasing apartment supply will seller market condition wane or sustain for the balance of the year?

Generally, analysts say that downward pressure on property prices occur when the ratio dips below the 12% mark for a sustained period, w... read more.