In March we said goodbye to 35-year amortizations, and with concurrently rising interest rates the entry-level buyer pool has now basically dried up through April. This means that Sellers wishing to move up will have more and more difficulty with so few new buyers in the market. So if you are selling and you want … Read more
Do you remember how surprised people were when they learned that more than 50 % of people were going online to do research on real estate? The writing being on the proverbial wall was an indicator of things to come. That figure is well above 90% today as more online data is available, and becoming … Read more
I’m uncertain if I should be pleased with Port Moody’s Regional Growth Strategy (RGS) exemption granted by Metro Vancouver, as reported in “Metro mayors not happy with Coquitlam”. With almost nothing new on the development books the past year, and few new sources of tax revenues moving forward, what is planned to replace these lost … Read more
“The Station” will be an exciting new mixed residential and commercial development on the corner of St. Johns and Moody Street in the heart of historic Moody Centre, and its coming very soon. Last September I had the opportunity to review the plans and conceptual drawings for this proposed development at the Open House, asked … Read more
Who said the era of “bus bench” (or any print) advertising is dead for REALTORS®? Well I must admit I did about 5 years ago given the passive nature and direction of such traditional marketing. Besides, do you believe someone would choose a REALTOR® from a sign on a bench, back of a bus, or … Read more
The unfortunate consequence of a selfless act of a local “Good Samaritan”, Charlene Reaveley, is heartrending, as is the equally tragic loss of Lorraine Cruz, and the serious injuries to Lorraine’s boyfriend, Paulo Calimahin. While the families and close friends grieve together, the entire community mourns the shocking loss of lives. Just the thought of … Read more
Based on the most recent year-end data from the BC Assessment Database, here are some interesting local summaries of property numbers in the chart below. In addition, December 31, 2007, is used as an arbitrary but fairly recent benchmark to compare three full years to 2010 year-end. The total number of all taxable properties in … Read more
“If you want into the Canadian real estate market with the lowest possible entry-level lending terms and conditions available then I believe your time could be running out.” Three weeks ago I posted this. Tonight I read this online from the Globe and Mail: Ottawa to tighten mortgage rules. So now I’m taking this opportunity … Read more
If you want into the Canadian real estate market with the lowest possible entry-level lending terms and conditions available then I believe your time could be running out. In October 2008 the federal government bailed out the Canadian banks with a $25-billion takeover of bank-held mortgages to ease a growing credit crunch, and Finance Minister, … Read more
Tonight the Canadian Pacific Holiday Train 2010 completed its twelfth cross-Canada journey at Queen Street Plaza in Port Moody, BC, and once again the weather cooperated as the locals enjoyed the festivities. In Port Moody, attendees brought non-perishable food items to add to the generous corporate contributions made locally. All collected donations are given to … Read more