Showing posts with label new vancouver condo. Show all posts
Showing posts with label new vancouver condo. Show all posts
Friday, April 1, 2011
New! SALT by Concert Properties at Hornby/Drake
Monday, January 17, 2011
Important mortgage rule changes
Finance minister Jim Flaherty has made changes to the rules governing mortgage financing which will be effective from 18 March 2011 onwards: - the maximum amortization period for high ratio mortgages (in excess of 80% of the property value) has been reduced from 35 to 30 years - maximum loan to value (LTV) of refinances has been reduced from 90 to 85% - maximum financing on HELOC (line of credit products) reduced to 80% LTV There is still some time to buy your new property and complete by 17 March to take advantage of the present mortgage rules. www.christinelouw.com
Tuesday, February 9, 2010
January 2010 - Huge increase in new housing starts
According to the CMHC (Canada Mortgage and Housing Corporation) 917 new housing units broke ground in January 2010 in the Vancouver Census Metropolitan area which is 50% more than in January 2009. Surrey led with 295 new housing starts, followed by Vancouver with 234 starts. Of the 400 condos started in the Vancouver CMA, 85 are rental designated.
The CMHC spokesperson added that the strong new home construction in January 10 is a continuation of the trend in the latter part of 2009 and is expected to continue in the near future.
The CMHC spokesperson added that the strong new home construction in January 10 is a continuation of the trend in the latter part of 2009 and is expected to continue in the near future.
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