Blog by Dmitri Dudchenko

New rules for mortgages

February 19th, 2010

REBGV

Our housing market is healthy and stable. The federal government wants to keep it this way.
On February 15, 2010, The Hon. Jim Flaherty, Federal Minister of Finance, announced changes to rules for government-backed insured mortgages. To prepare for possible higher interest rates:

• Borrowers must meet standards for a five-year fixed rate mortgage even when choosing lower interest or sho ...

Housing supply and demand reach closer alignment in January

February 2nd, 2010

Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,923 in January 2010, an increase of 152.4 per cent compared to January 2009 when 762 sales were recorded and a 23.5 per cent decline compared to the 2,515 sale ...

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