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Mike’s Real Estate Listings
509-53 West Hastings | Paris Block | Live Work Warehouse Studio | Downtown Vancouver West
Agent's Open on Friday, June 21st from 10AM-12NOON. Public Opens on Saturday & Sunday, June 22nd & 23rd from 2:00-4:00PM. To Schedule a Private Showing or Co... View Listing Details
304-1406 Harwood Street | Julia Court | West End | Downtown Vancouver Condo
This property was SOLD on June 3, 2013 for $650K. For more details about this sale, contact Mike at 604-763-3136.
Looking for a LARGE PATIO & DIRECT WATER VIEWS in the West End? Loo... View Listing Details
703-1189 Howe Street | Genisis | Studio Suite | Downtown Vancouver Condo
Open House on Saturday, June 22nd from 2:00-4:00PM and Sunday, June 23rd from 12NOON-2:00PM. Call Mike at 604-763-3136 to Confirm an Open House or to Schedule and Appointment for a Private Showi... View Listing Details
3343 Mountain Hwy | Village on the Creek | North Vancouver Condo | Lynn Valley
This property SOLD on June 4th, 2013 for $365K. Call Mike for full details: 604-763-3136.
Welcome to Village on the Creek. A great family & pet friendly complex centrally located within walking distance of Lynn Valley Elementary, Arg... View Listing Details
309-27 Alexander | The Alexis | Heritage Loft Apartment | Gastown | Downtown Vancouver
Open House on Saturday, June 22nd from 2:30-4:00PM and Sunday, June 23rd from 2:00-400PM. Call Mike to confirm an Open House or to schedule a private showing: 604-763-3136.
Price R... View Listing Details
414-1040 Pacific Street | Chelsea Terrace | West End Condo
Open House on Saturday, June 22nd from 2:00-4:00PM. Call Mike to confirm an Open House or to schedule an appointment for a private showing.
PRICE DROP! Welcome home to this immaculate suite at the solid Chels... View Listing Details
202-3089 Oak Street | The Oaks | Fairview | Vancouver West
This Property SOLD on May 3, 2013 for $450K. Call Mike for more details: 604-763-3136.
Enjoy a HUGE 520sf North facing patio at the Oaks in Fairview. This bright, private and quiet suite DOES NOT face Oak Str... View Listing Details
401-1238 Homer Street | Grafton | Yaletown Condo | Downtown Vancouver
Call Mike at 604-763-3136 to schedule and appointment for a private showing.
Reduced to Sell! Welcome to the Grafton, a unique Yaletown loft with heritage-style concrete & steel construction. ... View Listing Details
1909-5288 Melbourne Street | Collingwood | Vancouver Condo
Call Mike to Confirm an Open House or to Schedule an Appointment for a Private Showing.
Price Reduced! Welcome home to expansive and unobstructed views of the North Shore Mountains at Emerald Park Place Sub-... View Listing Details
404-3161 West 4th Avenue | BRIDGEWATER | Kitsilano
Open house on Saturday and Sunday, June 22nd & 23rd from 11:30AM-1:30PM. Call Mike (604)763-3136 to confirm an Open House or to schedule an appointment to view privately.
New Price! Welcome home to 10’ ceilings and a bright southern exposure and 2 pa... View Listing Details
Tag Archives: vancouver realtor
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
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
New 2011 Mortgage Rules and Real Estate in Vancouver with Mike Stewart & Jessi Johnson Part 1 of 3 Amortization!
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