Category: Real Estate News

BUYERS MARKETS conditions for DETACHED properties in the following areas were identified last month: Westside, Eastside, West Vancouver, Richmond, Tsawwassen, Ladner, Burnaby and Port Moody.   ATTACHED properties (condos/townhomes) in Greater and Metro Vancouver remain in BALANCED to SELLERS MARKET conditions.   Request your complimentary copy of the latest SnapStats report by emailing:  info@yourhometeam.com  

The federal government announced regulation changes for new government-backed insured mortgages today. Effective October 17, 2016, insured homebuyers will have to qualify at the posted five-year qualifying rate. Previously, only variable rate mortgages and mortgages with terms less than five years were subject to a higher qualifying rate. The qualifying rate is updated weekly and […]

Highlights: • Mortgage rates may feel upward pressure in coming months • Canadian economy set for a second half rebound • Bank of Canada: lower for longer, but not forever Mortgage Rate Outlook The Canadian five-year qualifying mortgage rate briefly moved higher in the third quarter, rising by ten basis points to 4.74 per cent […]

March sales set an all-time record Metro Vancouver home sales eclipsed 5,000 in March for the first time on record. Residential property sales in the region totalled 5,173 in March 2016, an increase of 27.4 per cent from the 4,060 sales recorded in March 2015 and an increase of 24 per cent compared to February […]

MORTGAGE RATES ON CRUISE CONTROL Highlights: • Financial market volatility keeping mortgage rates low • Fiscal policy to the rescue? • Bank of Canada unlikely to act on interest rates this year Canadian bond yields fell to as low as 0.48 per cent in the first quarter of the year, though have since bounced back […]

In partnership with one of Vancouver’s top commercial realtors, we offer a boutique commercial real estate division focused on multi-family, land development, and waterfront hotels & resorts  …  see more “We found all the members of YourHomeTeam to be very professional and diligent, and the results showed that. After listing with other commercial agents who were unsuccessful […]

YourHomeTeam is proud to co-sponsor a speaker series event with the PHILIPPINES CANADA TRADE COUNCIL featuring OZZIE JUROCK F.R.I. Renowned real estate guru, multi-awarded author & speaker                                                          […]

Property Transfer Tax (PTT) A New Housing exemption will apply to newly built homes or newly subdivided units priced up to $750,000, saving buyers up to $13,000; and  a partial exemption will apply on newly built homes priced $750,000 to $800,000.   A new 3% PTT rate will apply to the portion of a home sale […]

The Canadian government announced today that it is increasing the minimum down payment on insured mortgages from 5 per cent to a two tiered system under which the minimum down payment on houses priced above $500,000 will remain at 5 per cent, but there will be an additional 10 per cent required on the portion […]

When investing in real estate, the basics are still true – location, location, location. You can change the look and feel of a real estate investment property, but you can’t change the location…and waterfront is the best location of all. Another thing we’ve learned through our years of experience in real estate is that it’s […]