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604homesblog

Blogging on real estate and life in Metro Vancouver.

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TD Canada Trust to offer more flexible mortgage payment options to Vancouver home owners
Beginning January 24, 2011, TD Canada Trust will offer more flexible payment options to eligible mortgage customers. These new features allow customers to take advantage of amounts they have paid ahead when the unexpected happens. For example, customers Read More...
British Columbia Real Estate Association Introduces New Tool To Help Consumers With Condo Pre-sales
The British Columbia Real Estate Association (BCREA), the Canadian Home Builders’ Association of BC (CHBA BC) and the Urban Development Institute (UDI) today announed the new "Presale Cross Reference List" to help consumers with understanding Read More...
Would You Fill Out This Form?
Well, starting June 23rd, this form and ALL the info it asks for will be required by law in Canada for all real estate transactions. This is part of the Proceeds of Crime Money (Money Laundering) and Terrorist Financing Act which I am guessing was passed Read More...
Vancouver Housing Starts Up This Year
Amongst all the news off increased listings and (slightly) decreased sales came the news earlier this week that housing starts are up so far this year in Vancouver. On Monday the Canada Mortgage and Housing Corporation (CMHC) announced that "preliminary" Read More...
The 604homesblog Makes It Onto The Miss604 Blog
Miss604 is one of Vancouver's most well known bloggers. Despite the common "604" in our blog names Miss604 (Rebecca) and I had not met until very recently. Incidentally, we also do not know Chad Kroeger of 604 Records (and of course Nickelback) Read More...
mls.ca switch to realtor.ca delayed
As any REALTOR will tell you, this is no surprise. The real estate industry is famously old and grouchy about technology changes. The Real Estate Board of Greater Vancouver (REBGV) informed me this morning that: The public www.mls.ca web site will officially Read More...
mls.ca to become realtor.ca
I like to CAPITALIZE the first letter of very word in my titles, but small case seemed better today. Anyway, yes, mls.ca will no longer be mls.ca although they will, of course, be re-directing Read More...
BC REALTLORS Lobby to Protect Property Rights
This is straight from a British Columbia Real Estate Association (BCREA) email I received today. I thought you'd be interested in some of the things the real estate industry does that don't make the news very often. Property rights protected This Read More...
Bank of Canada Cuts Interest Rates
The Bank of Canada cut it's overnight rate by 50 basis points,or 1/2 a percent, to 3% this morning. The major bank will most likey respond with a cut in their mortgage rates. The rationale for the cut was that: Growth in the global economy has weakened, Read More...
Bank of Canada Expected to Slash Interest Rates Again Tomorrow
RBC reported today that they: We look for the Bank of Canada to slash the overnight rate by 50 bps to 3% and expect the statement will reinforce policymakers’ concerns about Canada’s economic prospects given the sustained volatility in financial Read More...
Vancouver is Canada's Healthiest City
Best Health magazine (from the people at Reader's Digest) has ranked Vancouver as the healthiest city in Canada. Vancouver ranked at the top of 5 of five of their 16 categories and was in the top 5 in 5 others. Here is what they said: Nestled between Read More...
Canadian Interest Rates Cut by Half a Percent
The Bank of Canada has cut the target for it's overnight lending rate by half a percentage point today and the major banks have already started to respond by lowing their prime lending rate by an equal amount. This will help to spurr on the Spring Read More...
My Blog Got It's PageRank Back!
I have been working on this blog of about a year now and pretty early on Google graced me with a PageRank (or "PR" for short) of 1!!! It is not much obviously, but at least they noticed I was out there. Then 6 months ago, or so, my handy Google Read More...
Chandler Developments Sends Two Projects in Receivership: H & H and Garden City
Not Chandler again! Didn't we have enough about him last year. He too has run out of money and his H & H and Garden City projects are too be completed by someone else. CBC broke the news just after midnight last night on their website. Take a Read More...
Eden Developments Vancouver Condo Development Sophia Hits a Wall
Or rather, it stops hitting walls. CBC reported the other day that Bill Eden's Eden Developments had stopped construction of its only active development, the Sophia. In a situation eerily similar to the Riverbend development that cancelled the contracts Read More...
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