June, 2012 RSS Icon
Found 4 entries for June, 2012.

If you have your home for sale, are looking to buy a new home or may need to refinance your home in the future chances are you have kept an open ear to last week's mortgage announcements.

Are you concerned or unsure how the changes will affect you?

Major Changes to
Canadian Mortgage Laws

Jim Flaherty’s announcement on July 21, 2012 included two major changes for Canadians with less than 20% equity:

1. Maximum Amortization Period in Canada

The biggest and most publicized change to mortgages rules is a shortened maximum amortization period (the amount of time to pay back the mortgage) which has been reduced from 30 years to 25 years. This idea of a shortened amortization period isn’t new. Up until a decade ago mortgages were amortized to a

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Welcome to the wonderful community of North Surrey where over 50,000 residents warmly embrace the green landscape, vibrant and active outdoor lifestyle and beautiful affordable homes. Why not move into the neighborhood?

Reasons to Invest in North Surrey

North Surrey is part of the municipality of Metro Vancouver and considered a hub for the Lower Mainland. While each homeowner has a different reason for choosing North Surrey here are some of the most common reasons:

  1. Easy commuting access to Burnaby and Downtown Vancouver
  2. Great public transit system connections to Vancouver and Richmond
  3. Some of the best schools, recreation centers and outdoor parks
  4. Affordable Metro Vancouver real estate options

Did you know that North Surrey and

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The temperature is slowly rising. The rain is easing up. Spring is coming to a close. What does this mean? For a lot of home buyers who purchased a house this Spring it means that possession day is fast approaching and the big task of moving awaits.

What Happens on Possession Day?

Possession day is a big day in your real estate journey. Other than getting the keys and physical access to the house there are a number of other detail oriented tasks that take place:

  • Your lawyer will send the money to the seller’s lawyer in the morning.
  • Your real estate agent will stay in close touch with you to make sure everything is progressing as planned and on schedule.
  • Once the seller’s lawyer receives the money transfer, the seller’s agent will notify
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The results are in and close to 25% of 850 BC real estate owners rent out a portion of their house to non-family members.

Do you fall in this category? Whether it’s a finished basement suite, converted garage studio or carriage house in the back, there are a number of ways to help finance your home with rental income.

This is a smart way to build your wealth faster and to buy into a more desirable neighborhood you might otherwise not be able to afford.

The most recent study mentioned above was conducted by Square One Insurance and seems to confirm a 2009 study that found between 23 – 27% of single family homes in the Vancouver have suites. The CEO of Square One Daniel Mirkovic isn’t surprised, stating that:

“The high percentage of people

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