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Two times appraisal in the new uncertain condition of Real estate market
The potential for rapidly dropping prices in southern Ontario is forcing appraisers to have a second look at properties they have already assessed to see how much the market has shifted. Claudio Polito, a Toronto appraiser and principal owner of Cross-town Appraisal Ltd., says lenders basing mortgage decisions on value, as opposed to income and…
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Leasehold Home, Pros & Cons!
With Vancouver’s scorching home prices not looking like they are cooling down any time soon, many people may be turning to the seemingly more affordable option of a leasehold home. So when – if ever – is a buying a leasehold a good move? As with any home purchase, it’s all about defining what you…
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Cambie Corridor will have 11,500 New Homes; City says
Huge vision for Cambie Corridor’s Phase 3 will focus on rental housing, townhouses and row homes The Cambie Corridor is set to get a massive influx of new housing, with 11,500 new homes planned under Phase 3 of the area’s redevelopment, the City announced Monday June 12. The draft plan is the City’s first to…
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Real estate market makes appraisers for 2nd appraisal
The potential for rapidly dropping prices in southern Ontario is forcing appraisers to have a second look at properties they have already assessed to see how much the market has shifted. Claudio Polito, a Toronto appraiser and principal owner of Crosstown Appraisal Ltd., says lenders basing mortgage decisions on value, as opposed to income and…
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Applications pour in for B.C. home loan program
Provincial officials say 125 applications have been received in the first four days of a new program aimed at helping first-time homebuyers. Of those, about 70 applicants have been approved in 23 communities throughout British Columbia. The program contributes to the amount first-time buyers have already saved for their down payment, providing up to $37,500…
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Home sales in British Columbia return to ‘historic averages’
The B.C. Real Estate Association says the province’s housing market has tumbled from record highs posted in 2016 to return to what it calls historic, long-term averages. The association says 4,487 condos, townhomes and detached homes were sold in B.C. in January, down 23 per cent compared with the same period last year. The total…
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Condo Prices “Can’t Not Increase” in 2017 – But BC Election Will Effect Real Estate Market
Demand for condos so high and supply so limited, prices will keep rising, even under election-related market uncertainty, argues leading local agent As house prices have slid over the fall and winter, condo sales have stayed the course and prices will continue to rise in 2017, predicts by the professionals. We see continued price appreciation…
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TELUS GARDEN at a Glance
TELUS Garden Quick Facts The anticipation is growing as the opportunity to cultivate a new way of living in one of 428 new homes at TELUS Garden (at Richards and Robson) grows near. Jointly developed by TELUS and developer Westbank (Woodward’s re-development, Fairmont Pacific Rim, and Living Shangri-La), the one-million square foot development will be…
Parham Baghaie
PERSONAL REAL ESTATE CORPORATION
