Tag Archives: vancouver real estate

Working with a REALTOR Brochure in British Columbia


Working with a REALTOR Brochure in British Columbia

If you’ve bought or sold real estate in Vancouver, you have probably signed a “Working with a REALTOR” brochure. If you are a first-time homebuyer, this brochure should be addressed by your REALTOR in the early stages of your working relationship.

The “Working with a REALTOR” brochure explains the agency relationship between you (the principal) and your REALTOR and the collection, use, and disclosure of your personal information.

A common misconception is that by signing this document people are committed to work with the same Continue reading

Posted in: Taxes on Real Estate in Vancouver
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2011 Mortgage Rule Changes | Real Estate in Vancouver 3 of 3 Home Equity Lines of Credit HELOCS

From April 18, 2011 The Government of Canada Will No Longer Guarantee Home Equity Lines of Credit (HELOC)

In January 2011, Canada’s Department of Finance announced a series of changes to mortgage and property financing rules. These new mortgage rule changes are intended to cool Canada’s real estate market and slow Canadians per capita debt growth in the short term and support the long term stability of the Canadian property market.

Jessi Johnson a Mortgage Broker in Vancouver was kind enough to come and explain the changes.

In part 1 of 3 we talked about how the Department of Finance rule changes are shortening the amortization for high ratio mortgages. In part 2 of 3, we discussed how under the new mortgage rules it will only be possible to pull out 80%  loan to value when refinancing a property in Canada from March 18, 2011.

Today we are talking how the Government of Canada will no longer insure or guarantee Home Equity Lines of Credit offered by Canadian Banks and lending institutions from April 18, 2011.

What is a Home Equity Line of Credit? Continue reading

Posted in: For Buyers, For Sellers, Vancouver Real Estate and Mortgage Financing
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March 18 Mortgage Changes & Vancouver Real Estate 2 of 3 Maximum Refinancing Reduced to 85% Loan To Value

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March 18, 2011 Department of Finance Mortgage Changes Part 2 of 3 – Reduced Refinancing Maximum Loan to Value

In January 2011, Canada’s Department of Finance announced a series of changes to the lending rules for Mortgages that will come into effect in on March 18, 2011 and April 13, 2011.

In part 1 of 3, Jessi Johnson and I discussed how the new rules shortened the maximum amortization from 35 years to 30 years for high ratio mortgages. In part 2 of this series Jessi Johnson will explain the changes to the refinancing rules.

Call in Jessi Johnson, Mortgage Specialist!

Like I always do, when I don’t know the answer, I call in the expert and this case, Jessi Johnson a Vancouver Mortgage Broker has been kind enough to meet with me and explain the new rules.

What does Loan to Value (LTV) mean? Continue reading

Posted in: For Buyers, For Sellers, Vancouver Real Estate and Mortgage Financing
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Sixteen East Townhouse Condo Presale in Vancouver’s Mount Pleasant

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Sixteen (16) East a New Townhouse Presale Residential Condo Development in Vancouver’s Mount Pleasant

Sixteen East is anew Townhome development by Epix located at the north east corner of East 16th Avenue and Prince Edward Street in Vancouver’s Mount Pleasant district. This Vancouver presale condo development will have 17 units and Continue reading

Posted in: For Buyers, Mount Pleasant Pre Sale Condos, Vancouver Condo Pre-Sales
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New 2011 Mortgage Rules and Real Estate in Vancouver with Mike Stewart & Jessi Johnson Part 1 of 3 Amortization!

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The New 2011 Department of Finance Mortgage Rule Changes and Real Estate in Vancouver

Canada’s Department of Finance, which oversees and regulates Canada’s mortgage market which has a huge impact on Real Estate in Vancouver has enacted a new series of measures to cool the property market across Canada. The changes announced on January 17, 2011 are designed to allow the government to cool the Real Estate Market without affecting the overall economy by raising the Bank of Canada’s Prime Rate.

Call in the Expert!

As I am Realtor and not a Mortgage Broker, so I called in the expert to answer my questions on the new rules. Jessi Johnson, a Vancouver Mortgage Broker was kind enough to meet with me and explain the changes in detail.

Since there was sooo much detail, we broke up the discussion on the New 2011 Department of Finance Mortgage Rules and its effects on Vancouver Real Estate into a three part series.  In part one of the series we are going to talk about the changes to maximum amortization.

Shortened Amortization for High Ratio Mortgages? Continue reading

Posted in: For Buyers, For Sellers, Vancouver Real Estate and Mortgage Financing
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Vancouver Real Estate Indoor Air Quality Testing and Volatile Organic Compounds with ABM Environmental

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Indoor Air Quality Testing and Vancouver Real Estate?

Is there are link between Indoor Air Quality and Vancouver Real Estate you ask? YES!

The air inside a home (Both condos and houses) can have many things in it and and some of that stuff may not be all that good for us.  In a previous post we talked about how mould in a home can cause health issues, today we’re going to talk to Brian Mackenzie of ABM Environmental about Volatile Organic Compounds.

The Not So Sweet Smell of New Stuff Volatile Organic Compounds! Continue reading

Posted in: For Buyers
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