There are dire warnings that the condo real estate market in B.C. could collapse unless the province steps in to stop it. A representative of a condo owners’ association says recent changes to insurance rates mean that not only are buildings having to pay more for coverage – some are being denied altogether. “This is […]Read more "Insurance issues could cause B.C. condo market collapse, homeowners association warns"
Understand your housing options, choose your priorities and select your homebuying professionals. Think long term when buying a home. What kind of home do you need now? What will you need in 5 to 10 years? Consider: the location and neighbourhood the size of the property and home the type of home — for example, detached, […]Read more "Find the Right Home"
Are you financially ready to own a home? Look into these 5 calculations and questions before you meet with your broker or lender. Compare how much you currently spend on expenses and debt payments with the amount you have saved or invested. How much can you afford to spend on housing each month without risking your financial health? […]Read more "Are You Financially Ready to Own a Home?"
Buying a home is a big decision. Ask yourself 5 questions before you decide if you’re ready to own a home. Am I financially stable? Do I have the financial management skills and discipline to handle this large a purchase? Am I ready and able to take responsibility for all the costs that come with being a […]Read more "Decide if Homeownership is Right for You"
#1 Update Outdoor Lighting In summer, winter nights are probably the last thing on your mind. But early summer is the perfect time to plan for those “OMG it’s only 4:30, and it’s already dark ” moments by adding or updating landscape lighting. The most energy-efficient, easy-to-install option is solar lighting, but it won’t perform […]Read more "Sharp Homeowners Know Summer Is the Best Time to Do These 5 Things"
Anyone looking for more proof a national housing market exists only in mortgage lenders’ vaults and bureaucratic hallways should review the June report from the Canadian Real Estate Association (CREA). Yes, mortgage providers, most operating across the country, must look at their businesses from a national perspective. If one area of the country is doing […]Read more "Revisions to the stress test would help slower housing markets"
Uptown New Westminster tops real estate analysis for second year in a row Vancouver has long been the hot market for home buyers, but some in the industry suggest looking outside the city for investment potential. An analysis of real estate markets across Greater Vancouver by financial publication MoneySense puts the neighbourhood of Uptown in New Westminster, B.C., at […]Read more "Where to buy in a cooling housing market? New Westminster is a good bet, report says"