New Mortgage Regulations might shift the Real Estate Market
Posted on Oct 23, 2017
Last week, Canada’s banking regulator presented the new mortgage regulations, which will come into effect on January 1, 2018. The biggest change of all is the establishment of a new minimum qualifying rate (or financial stress test) for borrowers making a down payment of 20% or more of the home’s value. Previously, the stress test was only required...
The Interest Rate Hikes and the Real Estate Market
Posted on Sep 29, 2017
It has been a few weeks since the Bank of Canada raised interest rates to 1 per cent. This increase comes after recent economic data have been stronger than expected, allowing Canada to return borrowing costs to more normal levels after they were slashed due to the 2007-2009 financial crisis. For people that are on a fixed rate mortgage, this chang...
Lower Lonsdale: Urban Jewel of the North Shore
Posted on Aug 12, 2017
A few years ago, one of my clients compared Lower Lonsdale to Yaletown and Coal Harbour before they transformed into the vibrant neighbourhoods they are today. She could see what a real gem it is going to be when it fully takes shape. We are getting closer to that vision with the construction of the Museum of North Vancouver and the Polygon Gallery...What to keep in mind when buying a Presale Condo
Posted on Jun 28, 2017
There are many developments being constructed right now in the North Shore. Do you have any tips for buying a presale condo?
When Buying a presale condo enlist the expertise of a REALTOR®. Buyers don't pay for their agents commissions (the developer does) yet benefit from their insights into the process and substance of the contracts which are typic...
Avoiding an Emotional Hangover in Multiple Offer Scenarios
Posted on Jun 20, 2017
This week I will be answering a few questions from our followers.
In a high demand, low inventory market, how do you approach the search for a new home and not be frustrated and disappointed when losing in a multiple offers scenario?
This is really a two-part question. The first part of the question: How do you approach the search for a new home? Th...
Pre-Summer Activities in the North Shore
Posted on Jun 09, 2017
We might still have about two more weeks until summer officially begins, but festival season is here. The Shipyards Night Market has been in full on Fridays for the past month, as have the local Farmers’ Markets. This weekend marks the beginning of the season; Waterfront Park will host Philippines Days this weekend. Father’s Day Sunday is now tradi...