Mortgage Broker Napoleon Vallee of CBM sent me this article:


Getting the Best Mortgage Rate -  February 23, 2011

What’s the trick to a better mortgage rate?

That’s what folks at the Bank of Canada (BoC) wanted to know.

It led them to undertake an extensive study on mortgage discounting. A draft of that study was released this month and below are its conclusions.

All quotes that follow ori ...

Recently your home for sale on MLS® didn't sell, now what?

1. The number one reason a listing doesn't sell is o ...

INCREASE IN LISTINGS ADVANTAGEOUS FOR FRASER VALLEY BUYERS       

(Surrey, BC) – The Fraser Valley Real Estate Board reports an increase in listing activity and steady sales for the first month of 2011.

Deanna Horn, president of the Board says, “In addition to an influx of new inventory in January, our REALTORS® had more inquiries and increased traffic at open houses boding well for a solid ...

ZERO DOWN MORTGAGES

Here is how it works:

• Cash Back of 5 % of Purchase Price paid to the Lawyer on closing.
• 5% Cash Back to be used for Down Payment.
• Requires a 650 Credit Score but averaging of Applicant Scores is allowed.
• Closing Costs must come from own resources 90 day history of bank statement ...

For immediate release

BC Home Sales Trend Higher

Vancouver, BC – November 15, 2010. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 36 per cent to 5,507 units in October compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province increased 2 per c ...

News Release: November 2, 2010

Fraser Valley housing market “getting back to normal”      

(Surrey, BC) – Fraser Valley’s real estate market moved towards balance in October as inventory continued to decrease and sales and prices remained stable.

A total of 1,014 sales were processed on the Fraser Valley Real Estate Board’s Multiple Listing Service® in October, a decrease of 3 per cent co ...

It’s not quite a "tale of two markets," but the differences are apparent when you overlay two graphs from the Fraser Valley Real Estate Board (FVREB) and Real Estate Board of Greater Vancouver (REBGV) showing the ratio of sales to active listings over the past year.

Comparing the volume of sales to available inventory is a common market "barometre" used by industry ...

For immediate release: June 28, 2010
Laurie Dawson 

MAJORITY OF ATTACHED HOMES IN FRASER VALLEY FALL UNDER HST THRESHOLD  

SURREY, BC – The Fraser Valley will offer buyers of new homes noticeable savings after July 1 when the Harmonized Sales Tax (HST) comes into effect, according to the Fraser Valley Real Estate Board.

Deanna Horn, President of the board explains, “Since the majority of ne ...

Is the market reality finally settling in?

For months I have been saying that most of the listing right now are overpriced. This has caused the buyers to pull back and make the market appear to be slowing down. Now it seems alot of sellers that were not very serious and/or are getting frustrated with the lack of activity caused by a swamped inventory are withdrawing from the market. This lea ...