Latest News

New Mortgage Qualification Rules Temper Housing Demand

Posted on Mar 14, 2018 in Real Estate News

Vancouver, BC – March 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,206 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in February, a 5.7 per cent decrease from the same period last year. The average MLS® residential price in BC was $748,327, up 8.8 per cen...

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Fixed Mortgage Rates are on the Rise

Posted on Jan 13, 2018

Two major Canadian banks, RBC and TD and more recently, CIBC, increased their fixed-rate mortgage rates on Thursday. This increases RBC’s posted five-year fixed mortgage rate from 4.99% to 5.14% and their special offer rate for a five-year fixed with a 25-year amortization from 3.39% to 3.54%. Future increases in these bank rates, the Bank of Canad...

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Princeton Real Estate Year in Review 2017

Posted on Jan 10, 2018

A Personal Reflection:

Princeton’s hot real estate market continued for 2017, driven mostly from a frantic lower mainland that’s literally bursting at the seams and spilling into BC’s South interior.

It’s been amazing to see a market in the lower mainland that was so strong and positive in growth, that has now turned into a negative force of nature a...

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New Mortgage Rules For 2018

Posted on Dec 12, 2017 in Mortgage Information

Brenda Upton from Dominion Lending Centres breaks down the new changes to the mortgage space:

Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage (Including non insured mortgages) must now prove that they would be able to cope with interest rates substantially higher than their contract rate by using a new minimum qualifying rat...

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What's a Mortgage Pre-Approval?

Posted on Apr 06, 2017 in Mortgage Information

Although going through the pre-approval process is important, the actual term ‘pre-approval’ is often misunderstood.

An important point to be clear on is that while you may be pre-approved for a certain mortgage amount, there are several variables that can derail a final approval once you write an offer on a property. As such it is imperative that o...

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Princeton BC Real Estate Year in Review

Posted on Jan 05, 2017 in Real Estate News

A Personal Reflection in 2016

With so much of this craziness coming from the Lower Mainland it's no wonder Princeton's real estate market was hot. I met many Vancouverites that finally had enough of the rat race from the Lower Mainland. They were drawn to Princeton's better quality of life and it's friendly sense of community. 

Over the previous year...

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