Blog by Real Estate Power Team

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Mortgage Insurance Explained

February 27th, 2009

With today's markets if you're buying a home for the first time, or refinancing an existing mortgage, you have likely heard of mortgage insurance. Don't rush into buying a policy until you've looked at all the possibilities. Harlow Financial can help save you money and get sufficient insurance coverage at the same time by purchasing a term life insurance policy instead.

What is mortgage life ...

Consumer Confidence Recovering

February 23rd, 2009

Consumer Confidence Recovering

 

Canadian consumer confidence has revived since December to highest level since August, according to a Harris-Decima poll. While the US was officially in recession at that point, it wasn't until September that the current economic turmoil emerged to the front pages of our newspapers with required bailouts an massive corporate failures.

 

While supply and deman ...

Home Staging Statistics

February 21st, 2009

Home Staging Statistics by Maritz

Maritz conducted a staging poll in 2005/2006, and it was very interesting to see the results that they found, and why it is important to use the services of a Professional Stager to prepare your home to sell quickly & for top dollar.

They found:

77% of people will view a home or condo on the internet, before they go and see it. This makes it crucial that your ...

New Home Prices Drop for Third Straight Month

February 20th, 2009

As the financial crisis deepens, Canadians continue to save their money for a rainy day. This of course has contributed to the recent drop in home prices, which is directly correlated to a decrease in home purchases. In the past, a dip in real estate prices was usually followed by an increase in interest rates. However, for the first time in history, we are seeing home prices and interest rat ...

2233 ASH Street, Vancouver West, British Columbia

February 20th, 2009

I just finished uploading this Townhouse for sale, 2233 ASH Street, Vancouver West, British Columbia

Own in Vancouver's most up and coming neighborhood. This luxury townhouse is set in the heart of Fairview and only steps away from olympic village and Cambie Street Village. 845 Sqft of luxury crafted by Nystar Developments. Features includ e open floorplan design, bright eastern exposure, gou ...

Is the Buyers market coming to an End?

February 20th, 2009

Buyers’ market window may be closing

We are in the midst of an amazing moment in real estate history.  Hundreds of people are realizing that now is the time to invest in real estate!  There are three things that you must to know:
 
1. Interest rates are at a historic low!
2. Rental rates are up 5%!  This can mean a positive cash flow on a rental property for an investor!
3. Our homes are sell ...

Income Tax Consequences of Real Estate Losses

February 14th, 2009

Income Tax Consequences of Purchasing Real Estate Investment Property at a Loss

With the change of values we have experienced in the Vancouver Real Estate market, especially in Downtown condominium projects; many people who have purchased Pre-Sales are now completing their purchases at significantly higher prices than the property would be worth if they were negotiate a deal today. As long a ...

2705 689 ABBOTT Street, Vancouver West, British Columbia

February 12th, 2009

I just finished uploading this Condo for sale, 2705 689 ABBOTT Street, Vancouver West, British Columbia

1603 sf south east views features 2 bdrm + 2 baths + solarium + 2 balconies. Completion late 2009. Espana is the final two towers being built at the centre of International Village nestled between GM & BC Place & next to Stadium Skytrain Station and T&T Grocery Store. This functional open f ...

2511 928 BEATTY Street, Vancouver West, British Columbia

February 12th, 2009

I just sold this Condo at 2511 928 BEATTY Street, Vancouver West, British Columbia .

View this recently sold Condo or see all my home sales

A Continued Economic Downward Spiral Will Bring Even Lower Interest Rates in March

February 12th, 2009

With an increase in unemployment and consumer confidence continuing to show minimal signs of improvement ultimately means borrowing money will get even cheaper, very soon. Mark your calenders for March 3, 2009 - The Bank of Canada will be announcing yet another rate cut, which will bring Prime rate down once again. Do you have a variable rate mortgage?


Industry News

In a statement to the Ho ...

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