Mike’s Blog for Home Buyers

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… Find out more

January 2011 Real Estate Board of Greater Vancouver (REBGV) Statistics Package

REBGV Stats Package January 2011 Share Stability and regional ‘hot spots’ characterize January housing market The Greater Vancouver housing market remained in balanced market conditions in January, although higher levels of buyer demand were seen in some of the region’s largest communities. The number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) last month outpaced the 10-year average in both categories for January. “There was a healthy balance between the number of home buyers and sellers in our market in January, but there’s always variation in activity from region to region,” said Jake Moldowan,… Find out more

Vancouver Houses and Underground Oil Storage Tanks for Buyers

Houses in Vancouver have Oil Tanks? Up until the 1960's most houses in Vancouver used oil burning furnaces. These furnaces had underground oil storage tanks periodically filled by tanker trucks. When Vancouver began the switch to gas furnaces in the 1960's, oil furnaces were removed and the underground oil storage tanks that fed them were either removed (best practice) or decommissioned. If decommissioned, the tanks, often made of galvanized steel were supposed to be completely drained of oil. I'm Buying a House in Vancouver. Why should I care about Underground Oil Tanks? IT CAN COST ME THOUSANDS?! Unfortunately, in many… Find out more

Vancouver Real Estate Indoor Air Quality Testing and Volatile Organic Compounds with ABM Environmental

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! Most people like new stuff. A… Find out more

December 2010 Real Estate Board of Greater Vancouver (REBGV) Statistics Package

Share December 2010 Real Estate Board of Greater Vancouver (REBGV) Statistics Package Real estate market stable at year-end The Greater Vancouver residential housing market entered three distinctive phases in 2010. Continued buoyancy from the post-recession recovery began the year, followed by a summer lull and, throughout the fall, a sustained period of stability. The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2010 reached 30,595, a 14.2 per cent decrease from the 35,669 sales recorded in 2009, but a 24.2 per cent increase from the 24,626 residential sales in 2008.… Find out more

Vancouver Real Estate Winter Deals Jessi Johnson Interviews Me!

Getting Deals on Vancouver Real Estate in the Winter? Yes! Time of year matters! I recently had the pleasure of being interviewed by Jessi Johnson, a Vancouver mortgage broker on buying Vancouver Real Estate in the Winter and whether or not you can get a better deal at that time of year. Buyers Deterred by Weather, Busy and Distracted with Holidays The winter, particularly the holiday season, tends to be a quite time in the Vancouver Real Estate market. Buyers are less likely to want to venture out in the cold stormy weather and they are busy and distracted with… Find out more