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Tag Archives: vancouver real estate
Condos in Vancouver | High Strata Fees Bad? Low Strata Fees Good? Not Always…
Are High Strata Fees Bad? Are Low Strata Fees Good?
When buyers are looking at condos to purchase in Vancouver, many focus on the maintenance/strata fee and generally feel that a low strata fee is a good thing and a high strata fee is a bad thing.
In many cases, this is not the correct conclusion. Why? Continue reading
Posted in: For Buyers, For Sellers
Tags: Condo Fees in Vancouver, Condo Maintenance Fees in Vancouver, Condos in Vancouver, High Strata Fees, High Strata Fees Good, Low Strata Fees, Low Strata Fees Bad, Maintenance for Condo Buildings, Strata Fees, Vancouver Condo Advice, Vancouver Condominium Fees, vancouver real estate, Why are Strata Fees High, Why are Strata Fees Low
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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
Tags: 2011 Canadian HELOC Changes, 2011 HELOC Changes, 2011 Mortgage Changes, April 18 2011 HELOC Rule Changes, Effect of Mortgage Rules on Real Estate Market, HELOC, Home Equity Line of Credit, Jessi Johnson, March 18 Mortgage Changes, Mortgage Broker, Mortgage Changes 2011 Canada, Mortgage Changes March 2011, New Mortgage Rules, Refinancing, vancouver real estate, vancouver realtor
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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
Tags: 2011 Mortgage Refinancing Rule Changes, Cooling Canada's Real Estate Market, Department of Finance Mortgage Rule Changes, Department of Finance Refinance Rule Changes, Interest Rates and The Canadian Dollar, Jessi Johnson Mortgage Broker, March 18 2011 Refinancing Changes, Maximum Loan to Value Ratio Canada, mike stewart, Reduced Loan to Value, Reduced Refinancing Maximums, Refinancing a Home in Vancouver, Refinancing Vancouver Real Estate, The Bank of Canada and Real Estate, Vancouver Mortgage Advice, vancouver real estate
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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
Tags: 16 East, 16 East Presale, 16 East Townhouses, Epix Developments, Mount Pleasant Presale, Mount Pleasant Townhouse, Presale Townhomes, Sixteen East Floor Plans, Sixteen East Presale, Sixteen East Townhomes, Sixteen East Townhouses, Vancouver BC Presales, Vancouver Condo Presales, Vancouver Presale, vancouver real estate, vancouver realtor
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