Tony’s Latest Update – April 25, 2014

April 25, 2014 under Tony's Latest Updates
CMHC, Canada’s National housing agency will very soon increase the mortgage insurance premiums charged for high ratio mortgage insurance. Clients putting 5% down payment on a home will now be charged 3.15% up from 2.75%, a 15% increase in premiums. Mortgage rates have not changed much over the past few weeks; however, there has been upward pressure on fixed term rates and they may increase soon. Best 5 year fixed
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Tony’s Latest Update – Apr 10, 2014

April 10, 2014 under Tony's Latest Updates
Good News Good news seems to be plentiful these days with mortgage rates pushing towards record lows, climbing real estate values, and moderate employment growth. What is there to worry about? There is little doubt about the priority of most Nations to inflate their domestic economies and at some point, these efforts will pay off and the interest rate trend we have all gotten comfortable with ends suddenly. Many cl
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Vancouver is world’s second-most “resilient” city for real estate: Grosvenor Group

April 10, 2014 under Useful Articles
By Emma Crawford HampelWed Apr 9, 2014 9:59am PST Business In Vancouver The top three cities in the world for long-term real estate investment, ranked in terms of resilience, are in Canada, and Vancouver takes the number two spot, according to a report issued by Grosvenor Group. The study defined resilience as the ability to avoid or recover from an adverse event. This involved looking at 50 of the world’s bigge
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High-rise condo prices fall as suite sizes shrink

April 1, 2014 under Useful Articles
High-rise condo prices fell even as sales increased By Frank O’Brien Wed Mar 19, 2014 12:27pm PST BUSINESS IN VANCOUVER Prices for new high-rise condos have fallen from the recent peak in spring 2011 as average suite sizes have shrunk, according to market research firm Strategics. In 2013, sales of newly built high-rise condominiums were close to 6,600 units across Metro Vancouver in 2013, up from 4,400 in 20
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