Wednesday, December 17, 2008 Time to purchase, Lowest Interest Rates in 50 Yearsby Alex Lam on Wed, Dec, 17, 2008 10:19 PM By Theophilos Argitis
Dec. 17 (Bloomberg) -- Canadian Finance Minister Jim Flaherty, who’s preparing a spending plan to help offset the country’s first recession in 16 years, said the central bank... Wednesday, December 17, 2008 New property listed in Morgan Creek, South Surrey White Rockby Alex Lam on Wed, Dec, 17, 2008 06:20 AM 
I have listed a new property at # 230 15988 26TH AV in Surrey.
Never lived in, ready for occupancy! GST has already been paid. 1 bedroom plus den, one parking stall, nice size balcony,... Wednesday, December 10, 2008 People Giving up their Deposits on Presalesby Alex Lam on Wed, Dec, 10, 2008 03:32 PM Remember the last 2-4 years, presales where the hottest investment in town. Line -ups galore, investors willing to purchase 1-2 units just by looking at floor plans and a small... Wednesday, December 10, 2008 New property listed inby Alex Lam on Wed, Dec, 10, 2008 06:29 AM 
I have listed a new property at # 507 280 ROSS DR in New Westminster.
The Carlyle at Victoria Hill is a contemporary high-rise tower deeply rooted at the highest peak of this master planned... Tuesday, December 9, 2008 Condo building boom screeches to a haltby Alex Lam on Tue, Dec, 9, 2008 06:30 PM Condo building boom screeches to a halt
VIRGINIA GALT
December 9, 2008
The condo building boom has come to a crashing halt.
Overall housing starts tumbled 19 per cent in November, the slowest pace of r... Tuesday, December 9, 2008 Affordability in BC is Improvingby Alex Lam on Tue, Dec, 9, 2008 05:11 PM
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Tuesday, 09 December 2008 |
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B.C.'s real estate market correction is improving home affordability in the province, according to a new RBC Economics study.
The proportion of pre-tax household income needed to service the costs of owning a home has fallen for all housing types in the third quarter. According to the study, owning a standard two-storey home requires 77.7% of a household's income. That's down from 80.9% in the second quarter.
Costs of owning a detached bungalow fell to 69.7% from 73%; the costs for a standard townhouse fell to 53.8% of household income from 55.8%; and the cost for owning a standard condo fell to 38.7% from 40.8% of household income.
But housing in Vancouver remains among Canada's most expensive. In the third quarter, prices are roughly double the national average for most housing types. Home ownership income requirements are still high. A minimum qualifying income of $150,000 is needed to own a two-storey home; $135,000 is required for a detached bungalow.
Given these high requirements, the study said most families in Vancouver are effectively shut out from owning a home and must instead look to the condominium market. | ... Tuesday, December 9, 2008 Floating Rate Drops .75 Percent - Signals a Great Time to Buyby Alex Lam on Tue, Dec, 9, 2008 12:46 PM Bank of Canada lowers overnight rate target by 3/4 percentage point to 1 1/2 per cent
OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters... Tuesday, December 2, 2008 Fundamentals of Purchasing Real Estateby Alex Lam on Tue, Dec, 2, 2008 09:03 PM When is it time to sell? When is a good time to buy?
All markets including Real Estate has its up cycles and down cycles, and like the stock market respond to good news and bad news. ... Categories: Bolivar Heights, North Surrey | Bolivar Heights, North Surrey Real Estate | Boyd Park, Richmond Real Estate | Brentwood Park, Burnaby North | Brighouse, Richmond | Brighouse, Richmond Real Estate | Bubble or No Bubble | Buying Vancouver Real Estate During in a Declining Market | Cloverdale Real Estate | Coal Harbour | Coal Harbour, Vancouver West | Coal Harbour, Vancouver West Real Estate | Collingwood VE, Vancouver East Real Estate | Coquitlam West, Coquitlam | Coquitlam West, Coquitlam Real Estate | Dec 2009 Rate Drop | Downtown VW, Vancouver West | Downtown VW, Vancouver West Real Estate | East Cambie, Richmond Real Estate | Fairview VW, Vancouver West Real Estate | False Creek North, Vancouver West Real Estate | Fraserview VE, Vancouver East Real Estate | Fundraising | Grandview Surrey, South Surrey White Rock Real Estate | Hamilton RI, Richmond | Hamilton RI, Richmond Real Estate | Hastings East, Vancouver East | Hastings East, Vancouver East Real Estate | Highgate, Burnaby South | Highgate, Burnaby South Real Estate | Knight, Vancouver East | Langley Real Estate | Lower Lonsdale, North Vancouver Real Estate | Make An Offer | Metrotown, Burnaby South Real Estate | Morgan Creek, South Surrey White Rock Real Estate | Morgan Creek, Surrey Real Estate | Mount Pleasant VE, Vancouver East | Mount Pleasant VE, Vancouver East Real Estate | New Westminster Real Estate | Oakridge VW, Vancouver West Real Estate | Pre-sales | Purchase Real Estate Using Great Fundamentals | Real Estate | Reasons to Buy | Renfrew VE, Vancouver East | Richmond Real Estate | South Arm, Richmond Real Estate | South Granville, Vancouver West Real Estate | South Slope, Burnaby South Real Estate | Surrey Real Estate | University VW, Vancouver West | University VW, Vancouver West Real Estate | Uptown NW, New Westminster | Uptown NW, New Westminster Real Estate | Vancouver Downtown | Vancouver Real Estate | Victoria VE, Vancouver East | Victoria VE, Vancouver East Real Estate | Walnut Grove, Langley Real Estate | West End VW, Vancouver West Real Estate | Whalley, North Surrey | Whalley, North Surrey Real Estate |
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