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Mortgage war as BMO cuts rates, homebuyers benefit

March 6, 2013

Competition for mortgage customers has Finance Minister Jim Flaherty concerned about downward pressure on rates. On March 2, Flaherty warned Canada’s banks to remain careful and act prudently, to prevent a rate war ...

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Victoria real estate 2013: buyers market, great opportunities exist

February 20, 2013

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Victoria real estate and new BC HST/GST rules

February 5, 2013

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Good news for qualified Victoria real estate buyers

November 20, 2012

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Are you reading what i'm reading...between the lines?

November 1, 2012

FEDERAL MEASURES MAKE IMPACT ON VICTORIA REAL ESTATE MARKET VICTORIA, BC—While prices held steady through most of the Greater Victoria region&rsq...

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How green is your potential home?

October 12, 2012

The Energy Committee for the Consumers Council of Canada has floated a voluntary energy labelling system for homes that would help realtors and buyers determine the energy efficiency of a potential real estate purchase. According to Joan Huzar, chairman of ECCC, “Consumers have a ba...

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Big changes to mortgage rules will impact first time, gov’t insured buyers

June 25, 2012

  Mortgage lending rules are being tightened by the Canadian federal government amid concerns about an overheated housing market and rising household debt....

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New home construction explodes in April

May 9, 2012

Home building in Canada soared in April according to the Canada Mortgage and Housing Corp. There was a seasonally adjusted annual rate of 244,900 housing starts in April - up 14 per cent...

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Victoria condo sales up, single-family sales unchanges in April

May 3, 2012

In April, Greater Victoria condo sales increased 20 per cent month-over-month while single-family sales remained virtually unchanged. According to the Victoria Real Estate Board, new developments in View Royal and Langford, resulting in a higher sales volume in April when 171 condos were s...

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Buyers need a real estate expert in their corner

April 20, 2012

A very interesting story by Garry Marr in the April 18 edition of the Financial Post. According to Marr, some ...

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Good time to buy? Thousands of Canadians think so.

April 3, 2012

Canadian home sales for January and February were up in 12 of the 15 markets assessed compared to a year earlier, most by 10 per cent or more. While low mortgage rates were a driv...

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Banks tightening financing rules for condo builders

March 23, 2012

Some Canadian banks are now requiring condo builders put more equity into new projects, raising the percentage of condo units that must be pre-sold and are also demand...

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Looking ahead: 2012 and beyond

March 13, 2012

  Look for low interest rates to continue supporting Canada’s real estate market through 2012. In its annual look ahead, the Canadian Real Estate Associa...

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New multi-family dwelling development up-tick bodes well for 2012

March 8, 2012

The number of new multi-family dwelling projects in B.C. is on the rise this spring. ...

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Great news for Victoria homebuyers

March 7, 2012

Canadian housing prices were flat or falling in the last quarter of 2011. The Teranet-National Bank house price index indicates that Canadian home prices fell in December by 0.2 per cent from the previous month. This was the second straight monthly decline following two consecutive months...

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New Programs of Interest for Homebuyers

February 28, 2012

The province of B.C. has introduced new programs of particular interest to Victoria homebuyers and home sellers, meant to ease the transition out of the HST and back into the PST. The province increased the threshold for the HST rebate on new homes from $525,000 to $850,000 - a...

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Great news for Victoria homebuyers

February 28, 2012

The BC government has introduced a pair of measures worth a combined $51 million to spur this province’s homebuilding industry. The first-time homebuyers' bonus will offer eligible buyers up to $10,000 back on new homes purchased between Feb. 21 of this year and April 201...

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Victoria home buyers to receive clarity on provincial HST transition plans

February 15, 2012

Victoria homes buyers, builders, owners and realtors will find out this Friday how the province will move away from the harmonized sales tax. ...

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Victoria real estate prices, demand and market should remain stable

February 2, 2012

Worried about a housing bubble and burst impacting Canadian real estate markets? Expect a slow cooling suggests a leading bank economist, as markets correct and affordability concerns are addressed. In early January, BMO Capital Markets chief economist Sherry Cooper asserted th...

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Victoria real estate purchasers wonder how low can rates go?

January 27, 2012

How low can rates go? For many Victoria homeowners and Victoria real estate purchasers, it’s never looked more attractive to lock in their mortgage rate for five years. However, recent news that the U.S. Federal Reserve won’t be hiking rates until the end of 2014 should make ho...

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Looking ahead: real estate optimism springs eternal in Victoria

January 25, 2012

Real estate optimism springs eternal in Victoria and this optimism was buoyed by December 2011 sales stats recently released by the Canadian Real Estate Association. According to the association, sales of existing homes in Canada rose 1.8 per cent in December from the previous month, and ...

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Last Half of 2011 Sees Stabilized Real Estate Market

May 14, 2014

While the real estate market started out sluggish in 2011, by mid-summer unit sales had stabilized. In December, annual sales for single family homes, townhomes and manufactured homes had increased, while condominium sales decreased by 15% compared to December 2010. "This may be the ...

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