Blog by Hassenn "The Good Guy"

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GOOD NEWS FOR FIRST TIME HOME BUYERS!

February 23rd, 2017
THE BRITISH COLUMBIA REAL ESTATE ASSOCIATION (BCREA) HAS TAKEN INTO CONCIDERATION THE DYNAMIC CHANGE WTH THE MARKET AND HAS DECIDED TO INCREASE THE PROPERTY TRANSFER TAX FROM 475K TO 500K. THIS IS GREAT NEWS FOR FIRST TIME HOME BUYERS!

FIND OUT IF YOU QUALIFY BY VISITING THIS LINK

2016 Vancouver Real Estate Market Update

January 10th, 2017

Happy New Year Everyone!
2016 has been quite a roller-coaster in the real estate market and the overall industry. For us as Realtors, it felt like there was a tsunami! Buyers were frustrated after writing offers on 7 different properties, and came to realize that another buyer offered $100,000 or more on top of their offer. Sellers sometimes were disappointed as they expected to get more ...

2016 Rental Market Report for Greater Vancouver

December 8th, 2016
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Vacancy rates continue to be very low for Greater Vancouver in 2016. 

To view the full CMHC Rental Market Report click the link below.

http://www.cmhc-schl.gc.ca/odpub/esub/64467/64467_2016_A01.pdf

October 2016 Greater Vancouver Real Estate Market Analysis

November 29th, 2016
Today we will be looking at the statistics for October 2016 and comparing them to September 2016. We will be comparing Detached homes(not including new homes) in Vancouver West, Burnaby North, Coquitlam and Maple Ridge. Since our last Statistics video for September 2016, not much has changed. The market is still trying to digest the recent changes in mortgage rules and 15% Foreign Tax. There ...

CMHC Increasing risk rating from "Moderate" to "Strong"

October 26th, 2016
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Canada Mortgage and Housing Cor.(CMHC) recently warned about "High levels ofindebtedness coupled with elevated house prices."
CMHC is responsible to insure rusky mortgages such as mortgages with less than 20% down.

Please click the link below for more details.

http://www.bnn.ca/cmhc-to-issue-first-red-warning-for-canada-s-housing-market-1.586593

Where's the Most Interesting Place you've Stayed?

October 25th, 2016
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Have you ever dreamt of living in a cob house or storage container home?
There are so many creative and architecturally amazing homes all over the world.

This Article gives you a glimpse of unique homes you can rent or buy right now.

Click Here

Alert!! Changes to Mortgage Rules

October 13th, 2016
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We urge you to take a moment and read about the changes affecting the Federal Government Mortgage Insurance Rules, especially if you're thinking of buying soon. From October 17, 2016 onward every home buyer has to qualify at the posted five year qualifying rate. You can find up to date fates at http://www.bankofcanada.ca/. Also as of November 30, 2016 there is a new criteria in order to be el ...

Are we in the midst of Real Estate Market Bubble in Greater Vancouver?

October 11th, 2016
A few months ago, the question of the day was how high the prices could go up for properties in Vancouver, but now it's the opposite; The question ofthe day is: Is the Real Estate bubble bursting in Vancouver? Hassenn "The Good Guy" is looking at the Real Estate Market statistics for the end of September 2016 for 3 different cities in Greater Vancouver; Burnaby, Coquitlam and Maple Ridge versu ...

Have you recently stopped and smelled the roses?

September 26th, 2016
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       I recently started to witness the sunrise from my balcony; a gorgeous panoramic view of Mount Baker to Burke Mountain and the City of Port Coquitlam! It is a great way to start my day! I have been extremely busy in the Real Estate Market for the last 2 years. Now that it is a little slower, it is time to enjoy the moment. What would be a good way for you to enjoy the moment in the craz ...

Is The Real Estate Market Changing?

August 31st, 2016
Wondering whats happening in the Real Estate Market? Unsure about selling or buying your home?
Watch this informative video about the Real Estate Market. Compare the Detached homes in Greater Vancouver versus Coquitlam Area. The inventory, Sales ratio, and median price are being discussed.


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