February 4th, 2010
Tags: Beautiful Images of Vancouver , Beautiful Vancouver Videos , Cool Videos of Vancouver , Vancouver City , Vancouver City by Dan Newcomb , Vancouver City by David Newcomb , Vancouver City HD Stop Motion Video , Vancouver City HD Video , Vancouver City on Youtube , Vancouver City Stop Motion HD Video , Vancouver City Video , Vancouver City Video on Youtube , Vancouver HD Video , Vancouver Images , Vancouver Video , Vancouver Video Blog , Vancouver Views Other Stuff | No Comments »
February 2nd, 2010
Mortgage Pre-Approvals are NOT Guarantees of a Mortgage!
I recently had the pleasure of interviewing Chad Watts of The Mortgage Group about mortgage pre-approvals. He brought up a very important point for Buyers, particularly First Time Home Buyers. And that is a mortgage pre-approval is NOT a guarantee that you will get a mortgage at the amount the Lender originally mentions or get a mortgage at all.
What is a Mortage Pre-Approval?
This is a preliminary estimation by a Lender of how much the Lender will loan you based on very basic information . This number is subject to change based on what property you Read the rest of this entry »
Tags: Borrower , Chad Watts , Do I Need to go to the Bank before I Buy a Condo , Do I Need to go to the Bank before I Buy a House , Financing and Pre-approval , First Time Home Buyer Tips , First Time Home Buyers , First Time Home Buyers Mortgage Advice , How do I get a Mortgage , How to Get a Mortgage in Vancouver , Lender , Loan Preapproval , Mortgage Borrower , Mortgage Broker , Mortgage Information for First Time Home Buyers , Mortgage Lender , Mortgage Lending , Mortgage loan , Mortgage Pre-Approval , Mortgage Pre-Approval Canada , Mortgage Pre-Approval Vancouver , Mortgage Preapproval , The Mortgage Group , Vancouver Mortgage Broker , What is a Mortgage Pre-Approval First Time Home Buyers , For Buyers | No Comments »
January 22nd, 2010
BC HST and Vancouver Real Estate
Hi All,
There are A LOT of misconceptions about British Columbia’s Harmonized Goods and Services Tax and Vancouver Real Estate. The one I hear most is that HST will payable on all real estate transactions in BC. This is not true! HST in BC will ONLY BE PAYABLE ON BRAND NEW PROPERTIES Land Read the rest of this entry »
Tags: 2010 , B.C. housing rebates , B.C. HST , B.C. 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December 18th, 2009
What is a Comparative Market Analysis?
It is the process Realtors use to ascertain the market value of the properties they market.
How do I do a Comparative Market Analysis?
1 ) Visit the property!
The first thing I do when requested to do a Comparative Market Analysis is to physically visit the property. Visiting the property is key! impossible Read the rest of this entry »
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December 15th, 2009
Last week I had the pleasure of meeting up with Jessi Johnson of the Jessi Johnson Mortgage Team to discuss the merits of a Variable Rate Mortgage versus a Fixed Rate Mortgage.
What is a variable rate mortgage?
This is a mortgage that has an interest rate that changes in line with the Bank of Canada’s prime rate .Variable rate mortgages tend to have a lower interest rate than a fixed rate mortgage, but the interest rate on a variable mortgage can change at any time.
What is a fixed rate mortgage? Read the rest of this entry »
Tags: Assumable Mortgages , Bank of Canada , Canadian Mortgages , Financing Advice , Fixed Rate Mortgage , Fixed Rates versus Variable Mortgages , Fixed Rates vs Variable Rates Mortgages , Fixed Versus Variable Rate Mortgages , Interest Rate Volatility , Interest Rates and Real Estate , Jessi Johnson , Jessi Johnson Mortgage Broker , Jessi Johnson Team , Mortgage , Mortgage Advice , Mortgage Broker , Mortgage Financing , Mortgage Financing Advice , Mortgage Financing in Canada , Mortgage Financing in Vancouver , Mortgage Rates Fixed or Floating , Mortgages , Mortgages as Investments , Property Advice , Real Estate Advice , Rising interest rates and real estate , Vancouver Real Estate and Falling Interest Rates , Vancouver Real Estate and Rising Interest Rates , Variable Rate Mortgage , Variable Rate Mortgage Loan , Variable versus Fixed Rate Mortgages , what are the risks of a fixed rate mortgage , What are the risks the risks of a variable rate mortgage , What is better a variable or a fixed mortgage , Which Mortgage is Better Fixed or Variable , why are fixed rates better , why are variable rates better Downtown Vancouver Real Estate and Economics , For Buyers | 5 Comments »
December 8th, 2009
Assignments of Pre-Sale Condos in Vancouver
Along with the rise of the Vancouver’s Pre Sale Condo market, the market for Pre Sale Condo Assignments has been a huge money maker for investors in Vancouver Real Estate.
What are Pre Sale Condo Assignments?
A Pre Sale Condo Assignment is when the original Buyer of a Pre Sale Condo sells their rights to a completed condo to another Buyer before that condo is completed. The reason the Read the rest of this entry »
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November 30th, 2009
The Olympics Won’t Matter That Much.
I stand by what I said in a previous prediction on the Olympics and Vancouver Real Estate that there will be minimal transactions in Downtown Vancouver and surrounding areas because of Olympic security measures. Right after the Olympics there will be a spike in activity from demand caused by all the Buyers who were unable to buy during the time the Olympics are on.
What are your thoughts?
Please feel free to leave a comment, question, or suggestion below! Thanks!
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November 26th, 2009
Pre-Sales in Vancouver, British Columbia Canada
Open the Georgia Strait or any other local paper and you’ll notice advertisements for apartments and condos. Most of these places don’t yet exist. Why? Because they are pre-sales!
What is a Pre-Sale?
A pre-sale is when a Developer sells a Buyer a property before that property is built or completed. The Buyer purchasing the pre-sales is buying the right to a completed property that will be built in future. In the UK and elsewhere Pre-Sales are referred to as Off Plan Investments.
Why do people buy Pre-Sales?
Pre-sales are popular with investors and other Buyers because it allows these Buyers to have the benefit of increasing prices without having to pay a mortgage, propert Read the rest of this entry »
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November 20th, 2009
Hi All,
I have been getting A LOT of questions about The British Columbia Government’s new Harmonized Sales Tax and how it will affect Vancouver Real Estate.
4 Quick Facts on BC’s proposed new 12% HST effective July 1, 2010: Read the rest of this entry »
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November 13th, 2009
Tags: "555 Pacific" Vancouver , "The Mark" Pacific Seymour , 1372 Seymour Street , 555 Pacific , 555 Pacific Condo , 555 Pacific Floor Plans , 555 Pacific Pre-Sale , 555 Pacific Street by Onni , Air-Conditioned Condos in Downtown Vancouver , Air-Conditioned Condos in Vancouver , Air-Conditioned Condos in Yaletown , Carlos and Buds , Carlos and Buds Site , Condos at 555 Pacific , Condos at the Mark , Downtown Vancouver Real Estate , Downtown Vancouver Realtor , English Bay Views , Leed Certification in Vancouver , LEED Gold Certification in Vancouver , Listings at 1372 Seymour , Listings at 1372 Seymour Street , Listings at 555 Pacific , Listings at 555 Pacific Street , New Buildings by Onni , New Buildings in Downtown Vancouver , New Buildings in Yaletown , New Condos in Downtown Vancouver , New Condos in Yaletown , New Downtown Pre-Sales , New Pre-Sales in Downtown Vancouver , New Pre-Sales in False Creek North , Onni 501 Pacific Floor Plans , Onni 555 Pacific Floor Plans , Onni Developer , Onni Developments , Onni Pre-Sales , Onni Pre-Sales in Vancouver , Onni Projects , Onni The Mark , Pre-sales in Downtown Vancouver , Pre-Sales in Vancouver , Pre-sales in Yaletown , Property at 555 Pacific , The Mark , The Mark at 555 Pacific in Vancouver , The Mark at 555 Pacific Street by Onni in Vancouver , The Mark by Onni , The Mark Condos , The Mark Condos Yaletown , The Mark Floor Plans , The Mark in Downtown Vancouver , The Mark Pre-Sale , The Mark Seymour and Pacific , The Mark Vancouver , The Mark Yaletown Condo Vancouver BC , Vancouver Pre-Sales , Western Exposures , Yaletown Real Estate For Buyers | 2 Comments »
