Informed Home Buyer and Seller
October 7th, 2009
Informed Home Buyer and Seller Issue 10
Blog by Linda M Linfoot
< Previous Next >
October 7th, 2009
Total New Housing Starts
October 5th, 2009
Total New Housing Starts (Seasonable adjusted and annualized)
Province
June2009
June2008
July2009
July2008
August2009
August2008
Newfoundland/Labrador
2,900
2,800
2,900
1,800
2,400
3,100
PEI
1,000
600
600
400
1,000
700
Nova Scotia
2,700
3,900
3,300
...
Variables in a Variable Rate
October 5th, 2009
There are a lot variables in a variable rate
Garry Marr, Family Man, Financial Post He has a landmark study on mortgages, but York University professor Moshe Milevsky says he never anticipated the credit markets of the last year.
The 2001 paper examined the previous 50 years to determine whether consumers benefitted from locking into a fixed-rate mortgage or going with a variable-rate prod ...
The Informed Buyer - September
September 10th, 2009
Informed Home Buyer September
August Stats
September 3rd, 2009
September 2, 2009
August stats:
Market momentum carries into August
The number of home sales in Greater Vancouver increased significantly last month compared to August 2008 and moved closer in line with the active summer months experienced between 2003 and 2007.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales i ...
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 ...
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 ...
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 ...
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% ...
Important Rate Annoucement
July 22nd, 2009
IMPORTANT RATE ANNOUNCEMENT:
Bank of Canada Holds Key Lending Rate Steady at 2.25%; July 21, 2009
The Bank also reiterated its commitment to hold its key rate at the current level until the end of the second quarter of 2010, conditional on the outlook for inflation. In its statement the Bank noted that in Canada, “simulative monetary and fiscal policies, improve financial conditions, fir ...
