buying real estate Archives

2021 RE/MAX FALL HOUSING MARKET REPORT

2021 Re/Max Fall Housing Market Report Early indicators from RE/MAX brokers and agents across the Canadian housing market suggest steady activity for the remainder of 2021. According to the RE/MAX Canada 2021 Fall Housing Market Outlook Report, RE/MAX brokers and agents expect the average residential sale price for all home types could increase by five per [&hellip

End Of Summer Market Review

END OF SUMMER MARKET REVIEW Well here we are, sadly, at the end of summer, but hopefully also near the end of the smoke and devastation. As children return to school and we try to go back to more normal routines, we are reviewing the stats to see how the Real Estate Market fared over [&hellip

Mortgage Qualification Rate Increased For Buyers

If you are looking to buy a home it just became a bit more difficult. New Mortgage qualification rates changed on June 1st over-riding the previous ‘stress-test’ rules. The Government of Canada has in fact changed the qualification rate for all mortgages to be 5.25% as of June 1st– which will effectively reduce the mortgage [&hellip

Mortgage ‘Stress Test’ Rules Becoming More Stringent

The hot housing market has gained the attention of the Government who are now making the mortgage ‘stress test’ rules even more stringent. Proposed changes to mortgage rules could make buying a home even more difficult now. The federal banking regulator is looking at increasing the so-called “stress test” in an effort to cool hot [&hellip

Congratulation Joe Pearson – 50 years as a Realtor

Joe Pearson Celebrating 50 years as a Real Estate Agent Joe Pearson knows a thing or two about real estate. He should, after all – he’s been a realtor for 50 years. Okanagan Mainline Real Estate Board president Kim Heizmann recently awarded Pearson with a long-service pin. “We typically award, on average, 11 25-year pins each year. [&hellip

Changes To Residential Tenancy Act – COVID-19

RESIDENTIAL TENANCY AGREEMENT CHANGED April 1, 2020 The BC Government recently announced a plan to support renters and landlords to help prevent the spread of COVID-19. The plan includes changes to the Residential Tenancy Act. These will be in effect for the duration of the provincial state of emergency. The Residential Tenancy Branch has resources [&hellip

What We Are Doing To Protect Our Client’s Safety

OUR CLIENT’S SAFETY Our client’s safety is a top priority at Re/Max Priscilla. We are taking extra measures to ensure that not only our Realtors and administrators but our clients, stay safe. COVID-19 and the way the virus is transmitted have made us keenly aware of our responsibility our clients, and our community. Buyers are [&hellip

Coronavirus And Real Estate – What’s The Impact?

CORONAVIRUS AND REAL ESTATE – WHAT’S THE IMPACT? March 13, 2020 COVID-19, also called the coronavirus is a respiratory illness the World Health Organization has deemed a pandemic. While it has not yet affected the start of the spring real estate season yet, it could. But what isn’t clear is what that means for the [&hellip

Rules Changed For The Better

Rules Changed For the Better October 16, 2019 Well, there have been some slight changes to the wording around the rules Realtors must obey in regards to dual agency, conflict of interest, disclosures of representation and remunerations. After a year of using the forms, the Real Estate Council of BC has amended the forms slightly [&hellip

New First Time Home Buyer Incentives Announced

The Federal Liberal government, in their latest budget before that was released in March, introduced new First-Time Home Buyer Incentives, but didn’t have many details of the program. Well, newly released details have these incentives scheduled to take effect in September 2019. The new $1.25-billion program will allow new first-time home buyers to apply for [&hellip

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