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Blog by Linda M Linfoot

Home Sales Rise - August

August 28th, 2009
Economic signals turning green as consumer confidence, home sales rise By Julian Beltrame, The Canadian Press OTTAWA - Canadians are starting to believe that better times are just around the corner, and that's good news for the economy, analysts say. The August consumer confidence survey from the Conference Board of Canada shows optimism returning to Canadian households, with the index ris ...
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Posted in Real Estate Information

HST

August 18th, 2009
August 17, 2009 Written by Peter E. Simpson, CEOpeter@gvhba.org Volume 9, Issue 29 INHARMONIOUS TAX The proposed tax harmonization, planned for July 1, 2010, has caused more headache than harmony. Nearly 20 GVHBA builders and renovators attended an HST roundtable meeting last Tuesday. Topics of discussion included thresholds, rebates, indexation, transition ...
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Posted in General

July Housing

August 6th, 2009
July stats: Strong spring market carries into summer months VANCOUVER, B.C. – August 5, 2009 – The Greater Vancouver housing market gained further momentum in July with record sales levels and a continued strengthening of home prices. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 4,114 in July 2009, be ...
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Posted in Real Estate Information

Mortgage Broker or Not??

August 6th, 2009
The following statistics are courtesy of CAAMP, and issued April 2009 in their report entitled "The Canadian Residential Mortgage Market During Challenging Times":   - First-time mortgages are most likely to be sourced through a mortgage broker (48%) (compared to Banks at 44%). - The mortgage broker industry represented 46% of all new mortgages written in Canada last year (compared to 43% ...
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Posted in Mortgage Information

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