January, 2016 RSS Icon
Found 3 entries for January, 2016.

Are you feeling discouraged in your quest for home ownership with home prices expected to rise another 9% in 2016?

Don’t give up! Perhaps a house with a rental suite could be the right solution for qualifying for your mortgage and meeting your monthly payments. Did you know that 25% of detached houses in BC contain a rental suite? In the Lower Mainland, 40% of houses having rental suites.

This week over on REW.ca, Scott Allan shares how you can use rental offset rules to increase your mortgage from $255,000 to $400,000.

Typically, CMHC laws legislate that no more than 32% of your income can be used to pay your mortgage payment, property tax, strata fees, and home heating costs.  Banks are able to add 50% of your potential rental income to your

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Did you know that 2015 is named the strongest year in real estate in a decade?

In fact, Fraser Valley property sales were just shy of historical sales from 2005.  

For those who love numbers, here’s a short recap of 2015 Fraser Valley real estate stats according to the latest FVREB stats package.

  • 30,998 – new listings received by the Board in 2015.
  • 21,095 – number of sales processed in 2015 (33% increase from 2014).
  • $12.1 billion – total dollar volume of MLS® sales ($4 billion more than 2014).
  • $672,400 – MLS® Home Price Index benchmark price of a detached home in December.

So what do these numbers mean?

Jorda Maisey, President of the Fraser Valley Real Estate Board, says that consumers recognize the strong long-term value of

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Released just a couple of days ago, the Fraser Valley Real Estate Board's (FVREB) statistics package for December 2015 shows evidence that December brought a strong close to a very strong year in real estate in Surrey, White Rock, Langley, and other Valley communities.

In fact, 2015 was the second highest year for property sales in the Fraser Valley, falling just short of 2005. So what do December real estate stats tell us?

44% more sales processed than December 2014.

In total, 1,543 sales were processed through the Board this month which is significantly higher than last December. President of the FVREB Jorda Maisey credits the Fraser Valley’s strong economy, competitive pricing, and diverse range of housing options as reasons for market

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