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March 18 Mortgage Changes & Vancouver Real Estate 2 of 3 Maximum Refinancing Reduced to 85% Loan To Value

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…

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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…

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Open Houses as a Marketing Tool for your Listing

  Hi All, I'm a huge fan of open houses as a marketing tool.  They provide a low-stress low anxiety atmosphere for potential buyers to see your listing. A lot of realtors don't like to do open houses and feel they don't do anything to sell a property. THEY ARE WRONG! Watch the video and let me know your thoughts. Have a look at 3005-111 West Georgia Street. This is the suite I mention in the video.

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