July Stats:
Strong spring market carries into summer
months
VANCOUVER, B.C. - August 5, 2009 - The Greater Vancouver housing
market gained further momentum in July with record sales levels and
a continued strengthening of home prices.
The Real Estate Board of Greater Vancouver (REBGV) reports that the
number of residential property sales in Greater Vancouver totalled
4,114 in July 20 ...
Looking to renovate your home or condo? For the latest building and renovating ideas be sure to check out the BC Home & Garden Show Feb 18th to Feb 22nd. This year there will be 425 home and garden experts to help you plan for your next project, however big or small. For more info visit http://www.bchomeandgardenshow.com
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Lower home prices and lower financing rates mean good news for purchasing power in today's real estate market! Let me give you a hypothetical example of a home that was listed for
$759,000 in November 2008 that has now been reduced by 8%:
November 2008
Purchase Price - $
759,000
Down payment - $ 75,900 (10%)
Mortgage Amount - $683,100
Interest Rate - 5% (closed variable)
Monthly Pa ...