Investing in New Construction
Investing in new construction can be rewarding and hurtful at the same time. Let’s examine some of the benefits and deterrents of buying that brand new home.
If you like shiny things and clean corners, new construction cannot be beat
Getting into a new development with early bird or promotional pricing can help you gain financial ground in the real estate market
The future of our market
Where are we at and where are we headed? Long ago was a time when you could rely on purchasing real estate to make a short term buck or be relatively inexact on what you wanted as you purchased a home with minimal regrets. Those days have changed. Now we live in a world of tighter mortgage rules, inflated property prices and a whirlwind of information. As John Naisbitt said best, “We are drowning in...
An interesting article about the ecomonics of
our market and the seasons it goes through.
Published by the BCREA and written by
Brendon Ogmundson, BCREA Economist
What is a seasonal adjustment?
“BC Multiple Listing Service® (MLS® )
home sales fell 27 per cent in December!...
BC home sales rose 49 per cent in March!”
Both of these statements are true, but are
they meaningful? Not really.
The type of variation we see in some monthly data is
Here is a great article, published by the The Province today.
Sagging home sales and flat prices have prompted speculation that the “housing bubble” might be about to burst — a prospect that immediately catches the attention of British Columbians.
But there is no housing bubble, according to Tsur Somerville, director of the University of B.C.’s Centre for Urban Economics in the Sauder School of Business.
“You can’t burst a bubble...
THE LITTLE SECRET ALL HOMES OWNERS MUST KNOW
What a weird, confusing and funny word. What exactly does it mean, and why should you care? What if I told you that by “refinancing” your current mortgage could potentially save you tens of thousands of dollars in the long term. Would you want to learn more? I thought so.
What is it?
Refinancing is not new. I discovered that I myself never truly knew what a Re-Fi (or refinancing) a mortgage was truly about and how it...