Don't miss this spacious 3 bedroom basement home just half a block away from the Sun Valley swimming pool & kids spray park. Ideal family home, spacious floor plan with nice open livingroom, diningroom with gas fireplace & slider to the 10x15' sun deck overlooking the fullyfenced backyard complete with new 15ft above ground swimming pool. Fully finished basement with 2 pce bathroom & large L-shaped rec room with a gas fireplace. The L-shaped rec room could easily be converted into a large rec room & a 4th bedroom. All of the big ticket items have already been done: new roof in '2013; Hi-eff furnace & new vinyl windows in '2010; new washer & dryer in '2010 & new fence all around. Remoded main bathroom in '2010 with...
So, you’re finally off the fence and ready to buy a home before prices — and mortgage rates — rise any further. Here’s what you need to know about jumping into the market at this time of year.
Know your market
The bottom line is that different markets behave differently during the fall. According to Zillow’sAugust Real Estate Market Reports, nationalhome values rose 0.4 percent from July, marking the third consecutive month in which monthly home values rose more slowly than the month prior. However, markets in California, Las Vegas and Minneapolis are still seeing an extremely...
During the 2007-2009 financial crisis, the United States economy crumbled because of a problem with mortgage foreclosures. Borrowers all over the nation had trouble paying their mortgages. At the time, eight out of 10 borrowers were trying to refinance their mortgages. Even high end homeowners were having trouble with foreclosures. Why were so many citizens having trouble with their mortgages? Let's take a look at the biggest mortgage mistakes that homeowners make.
1. Adjustable Rate Mortgages Adjustable rate mortgages seem like a homeowners dream. An adjustable rate mortgage starts you off with a low interest rate for the first two to five years. They allow...
In an expensive and land strapped city like Vancouver, laneway houses just make sense. They are a great way to add density without destroying the character of a neighbourhood. On Sunday, September 29, the city announced that more than 1000 laneway house permits have been in issued in Vancouver.
Of course there are still concerns with the addition to laneway homes, specifically a lack of parking. The lack of parking is something that is witnessed as lines of cars adorn the city’s side streets. There is also a loss of yard space, however, that is something that many city dwellers are starting to realize is a luxury they simply can’t afford.
Many laneway homes rent for around $1,500. That is an excellent mortgage helper....
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Don't miss this spacious 3 bedroom basement home just half a block away from the Sun Valley swimming pool & kids spray park. Ideal family home, spacious floor plan with nice open livingroom, diningroom with gas fireplace & slider to the 10x15' sun deck overlooking the fullyfenced backyard complete with new 15ft above ground swimming pool. Fully finished basement with 2 pce bathroom & large L-shaped rec room with a gas fireplace. The L-shaped rec room could easily be converted into a large rec room & a 4th bedroom. All of the big ticket items have already been done: new roof in '2013;...
By Romina Maurino, The Canadian PressSeptember 11, 2013
A condominium under construction is shown in Toronto on Saturday, February 4, 2012. Baby boomers may be looking to trade their traditional single-family homes for the convenience and comfort of the condo craze, but a mass exodus is likely still a long ways off, real-estate experts and recent retirees say. THE CANADIAN PRESS/Pawel Dwulit
TORONTO - Baby boomers may be looking to trade their traditional single-family homes for the convenience and comfort of the condo craze, but a mass exodus is likely still a long ways off, real-estate experts and recent retirees say.
The convergence of boomers reaching retirement age at the end of an era of historically low interest rates has...
Income - and it lags in Metro Vancouver area - is also an important part of housing picture
By Tracy Sherlock, Vancouver SunSeptember 13, 2013
While Metro Vancouver is notorious for being the most expensive place to live in Canada, it also has the dubious distinction of having lower than average median incomes.
When housing affordability is discussed, the price of houses usually attracts all of the attention. But of equal importance to the equation is income - if incomes don't rise but house prices do, it's obvious that affordability will decline.
Metro Vancouver's median family income is $67,550, which is below the average for all cities (in Canada), a British Columbia Business Council report shows. In 2009, the Vancouver Census...
Here are several tips from the housing experts at HouseMaster to help keep homeowners warm and heating expenses down during the cold winter months:
Make sure attic insulation meets locally recommended levels (check with the building official or utility company). In most areas, the minimum insulation level is 6-10 inches, or a thermal resistance rating of R-19 to R-30.
Insulate garages containing heating units and water heaters (but make sure adequate combustion air is still provided).
Fully weatherstrip all home entry doors.
Install a storm door with an automatic closer at uninsulated entry doors.
Install separate storm panes at windows that are not the multi-glaze, insulated type, including picture windows.
The B.C. Real Estate association recorded a 29-per-cent increase in home sales across the province in August
By Derrick Penner, Vancouver SunSeptember 16, 2013
The provincial average price for homes rose, up 8.6 per cent to $533,400 in August compared with $491,145 in August 2012.
Photograph by: Richard Buchan , THE CANADIAN PRESS
VANCOUVER — After staying out of the housing market for most of last year waiting for home prices to drop, homebuyers appear to be rushing back to lock in low mortgage rates, according to the British Columbia Real Estate Association.
The association recorded a 29-per-cent increase in home sales across the province in August, with 6,863 transactions cleared through the Multiple Listing...
By Melanie Jackson, Vancouver SunSeptember 18, 2013
Artist's rendering of the Marine Gateway project.
Photograph by: Handout , PCI Developments
VANCOUVER — Making up a significant part of 58 transactions across B.C. totalling more than $724 million in the first half of 2013, Vancouver commercial real estate is at near-record demand – heightened by downtown owners’ refusal to sell even one property during that period, according to Avison Young’s Mid-Year 2013 BC Real Estate Investment Review.
Even without any blockbuster deals, that first-half total is the second highest since 2002, says the semi-annual report, which tracks B.C. office, industrial, retail and multi-family property sales transactions...
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