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

SALT will be launched in June 2011 and is a 32 storey tower with over 194 homes ranging from 1 bedroom to 2 bedroom and den. Most condos will be from 475 to 925 sq ft while the SKY collection will be from 940 to 1,380 sq ft. Over 125 homes will be priced between $295,000 and $495,000. The higher floor condos will have great views. Finishes are advertized to be high end with laminate flooring throughout including bedrooms, and quality modern white kitchens with European appliances, quartz counter tops and tile backsplash. ------------------------------------------------------------------------------------------- Go to the "new condos" tab at http://www.vancouver-condos.net for a location map. Contact me if you are interested in * the condos in SALT or any other development or * want to receive information about the Vancouver real estate market.

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.