Shelly Lederer | 604-839-3491

 
  • According to BCREA & CREA, home sales forecast to decrease in 2012 compared to last year, but not enough to destabilize prices. Both indicate the outlook for 2013 is a slight improvement over 2012.
  • For Fraser Valley, BCREA is projecting residential sales overall to decrease by 3.2% (with a 5.5% decrease for detached) this year compared to last, while average prices overall will dip by 1.5% (detached will remain on par with 2011).
  • CREA is projecting sales across BC will decrease by 4.5% in 2012 and by 2013 that decrease will shrink to 0.8%. Similarly with prices, CREA is forecasting home prices in BC will decrease by 3.4% this year and by only 0.5% next year.
  • Because of overall economic conditions improving, BCREA says the outlook for Fraser Valley in 2013 is more optimistic than this year, while still being offset by gradually rising interest rates. It's projecting sales in the valley will rebound by 3.1% with average prices remaining effectively unchanged with an increase of 0.2% from 2012 to 2013
Post CommentComments: 0Read Full Story

WHEELCHAIR / DISABLED FRIENDLY. FRONT DOOR, ELEVATOR, PARKING ACCESS ALL CLOSE TO UNIT. ALSO WHEELCHAIR RAMPS TO FRONT DOOR.

 

Stunning 2bdr 2 Bth Condo in Beautiful Willow Creek in Aldergrove.  Fantastic for First Time Buyers or Just a Quiet Luxury Place to Live.  Excellent Strata.  Bring Your Kids & Pets.  

Post CommentComments: 0Read Full Story

JULY 9, 2012 Changes in EFFECT - Get Your Pre-approval Done NOW. 

 

Changes are from 30 to 25 year Amortization for Non-Traditional Financing.

If you are putting more than 20% down, you can still qualify for a 30 Year Amortization.

 

"Reducing the amortization period will increase monthly payments, but reduce

the amount of total interest paid on a mortgage. Ottawa expects the change from a

30-year to 25-year amortization will, on a $350,000 mortgage loan at four per cent,

increase the monthly payment $177 but reduce total interest costs by nearly $47,000."


Click Here for More

 

 

 

 

 



Post CommentComments: 0Read Full Story