Yields Crash, Lower Fixed Mortgage Rates Coming

5 year bond rate in Canada

August 2, 2011 The 5-year bond yield has nose-dived 16 bps today, crashing through “support” at 2.00%. It’s the biggest plunge in yields since March 2009. As of this writing, the 5yr GoC sits at 1.87%—seemingly en route to its 28-month low of 1.835%. Yields are hurtling lower in response to a slew of negatives… Read More

Canadian home sales pick up in June

OTTAWA – July 15, 2011 – According to statistics released today by The Canadian Real Estate Association (CREA), home sales activity over MLS® Systems of Canadian real estate Boards climbed in June 2011 compared to May. Highlights: Sales activity climbed from May to June, with a big year-over-year gain reflecting falling demand in June 2010…. Read More

Market Conditions Holding Steady for VIREB area

NANAIMO, BC – Multiple Listing Service® (MLS®) sales summary data released by the Vancouver Island Real Estate Board (VIREB) for June 2011, shows a 1% decline in single family unit sales compared to June 2010 and a 1.45% decrease from last month, but overall holding steady. The average price of a single family home sold… Read More

Cowichan Valley School Info Update

There are numerous schools throughout the Cowichan Valley ranging from public education, Kindergarten through to grade 12, as well as a few renown private schools and the Sunrise Waldorf School. School District 79 The public education system is run by School District 79. There are several schools operated by the SD 79 throughout the region… Read More

Real Estate Market Normalization for VIREB area

NANAIMO, BC – Multiple Listing Service® (MLS®) sales summary data released by the Vancouver Island Real Estate Board (VIREB) for February 2011, shows a 3% decline in unit sales compared to February 2010 but a 36% increase over last month. Likewise the average price of a single family home sold in February 2011 through the… Read More

Resale housing market shows further improvement in January

OTTAWA – February 15th, 2011 – National resale housing activity climbed further in January 2011, according to statistics released today by The Canadian Real Estate Association (CREA). Seasonally adjusted national home sales activity rose 4.5 per cent in January 2011 compared to the previous month, reaching the highest level since April 2010. Led by Vancouver… Read More

Home Sales to Climb In 2011

BCREA Housing Forecast Update – First Quarter 2011 Vancouver, BC – February 23, 2011. The British Columbia Real Estate Association (BCREA) released its Housing Forecast for the first quarter of 2011 today. BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 8 per cent from 74,640 units in 2010 to 80,900 units this… Read More

No Down Payment No Problem Mortgage

With all we have heard about the problems in the real estate world, including mortgages in foreclosure, I can understand why a NO DOWN PAYMENT MORTGAGE may sound, well ….… too good to be true! You might be wondering where the catch is……let me explain how this program can work for you by looking at… Read More

VIREB reports Market Stability

NANAIMO, BC – Multiple Listing Service® (MLS®) sales summary data released by the Vancouver Island Real Estate Board (VIREB) for November 2010, shows a decline in unit sales compared to November 2009 but an increase over last month.There were 274 sales of single family properties in the VIREB area through the Multiple Listing Service® (MLS®)… Read More

National resale housing activity improves in October

OTTAWA – November 15th, 2010 – National resale housing activity rose for the third consecutive month in October 2010, according to statistics released by The Canadian Real Estate Association (CREA). Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards climbed 4.6 per cent in October 2010…. Read More