604homesblog

  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 the risks, and opportunities, involved in buying real estate at pre-sale."Over ...

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 in reaction to 9-11. It sure asks for some detailed information. We will be asking for your ...

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 you to the new site should you try to go there. mls.ca is to be re-branded as realtor.ca. The rational is to remove any misconception that it is thee mls ...

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 week, BCREA and several other provincial organizations successfully lobbied the ...

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, reflecting the effects of a sharp slowdown in the U.S. economy and ongoing dislocations ...

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 markets, rising cost of capital and growing downside risks to the US economy.   ...

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 real estate market in Metro Vancouver as every small decrease in interest rates brings about ...

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 look. I have to run right now, but I wanted to get the news out there. Hat tip to Victoria ...

Carole Taylor, wearing her new, greener shoes, released the budget yesterday in Victoria. The big news has been about the carbon tax that was introduced, but for first time homebuyers driving around in their cars looking for their first home the big news was that the budget also increased the threshold for the the First Time Homebuyers Program ...

The BC Ministry of Small Business and Revenue has just released a new brochure that helps explain the first-time homebuyers program in British Columbia. Previous to this the only document available was a lengthy bulletin from the Ministry that contained all the info, but was cumbersome to hand out to clients. This should really help raise ...