[vc_row][vc_column width=”1/1″]The Amortization Effect Each year from 2008 through 2010 the Federal Government reduced the maximum amortization as follows. Purchases with less than 20% down –from 40–35 years, then 35- 30 and finally 30–25...
[vc_row][vc_column width=”1/1″]Are Vancouver real estate values sustainable? Short Version Yes. Easily. Long Version No doubt that question may seem laughable to some. The thing is, depending upon one’s age, this question has seemed laughable to many for...
[vc_row][vc_column width=”1/1″] Accepting Appreciation If you are offered a bottle of water for $2.00 just after breakfast, you will likely say no thanks. Perhaps you’re not that thirsty and you will have time to grab one later. Besides, there is...
[vc_row][vc_column width=”1/1″]Short version: There is no bubble. There is increasing demand and decreasing supply. The media want to sell newspapers, hence one inflammatory theory after another. Shadow this, foreign that, dirty money, etc. Factors, but...
[vc_row][vc_column width=”1/1″] SHORT VERSION How much of the current record-setting price gains are self perpetuating? That is, ‘I just got paid $100,000.00 over asking, so now I too will pay $100,000.00 over asking… maybe $120,000.00 over’. It’s ‘found...
[vc_row][vc_column width=”1/1″] Short Version Emotion drives our real estate market, but should it go unchecked? There is no metric for emotion. Emotion does not always equal logic. Interest rates play a small role in real estate pricing. Foreign buyers...
[vc_row][vc_column width=”1/1″] Property Transfer Tax Changes Short Version There are no changes to the first-time home buyer exemption limits (with the exception of point #2 which includes first time buyers). All buyers (first-time buyers and repeat...
Subject Free? Perhaps Not. Short Version: Stellar credit, tremendous equity, and strong documented income are not enough to guarantee financing approval. The lender must approve of the property as well – and there is more than simply value reviewed. Lenders reserve...
[vc_row][vc_column width=”1/1″] Collapsing our RRSP & Vancouver Real Estate In the spring of 2012, after a 15-year roller-coaster ride on the stock market (huge gains and sharp drops) with a net gain of less than 2% on the total contributions made, it...
[vc_row][vc_column width=”1/1″]The Big Short – An American film about American finance. Many Canadians, particularly those in Vancouver and Toronto where real estate is spoken of like a sport, will gravitate to the film The Big Short over the coming...
7ads6x98y
