News & Advice regarding Princeton BC

Princeton Real Estate Year in Review 2017

Posted on Jan 10, 2018

A Personal Reflection:

Princeton’s hot real estate market continued for 2017, driven mostly from a frantic lower mainland that’s literally bursting at the seams and spilling into BC’s South interior.

It’s been amazing to see a market in the lower mainland that was so strong and positive in growth, that has now turned into a negative force of nature a...

New Mortgage Rules For 2018

Posted on Dec 12, 2017 in Mortgage Information

Brenda Upton from Dominion Lending Centres breaks down the new changes to the mortgage space:

Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage (Including non insured mortgages) must now prove that they would be able to cope with interest rates substantially higher than their contract rate by using a new minimum qualifying rat...

What's a Mortgage Pre-Approval?

Posted on Apr 06, 2017 in Mortgage Information

Although going through the pre-approval process is important, the actual term ‘pre-approval’ is often misunderstood.

An important point to be clear on is that while you may be pre-approved for a certain mortgage amount, there are several variables that can derail a final approval once you write an offer on a property. As such it is imperative that o...

Princeton BC Real Estate Year in Review

Posted on Jan 05, 2017 in Real Estate News

A Personal Reflection in 2016

With so much of this craziness coming from the Lower Mainland it's no wonder Princeton's real estate market was hot. I met many Vancouverites that finally had enough of the rat race from the Lower Mainland. They were drawn to Princeton's better quality of life and it's friendly sense of community.

Over the previous year...

BC Real Estate: The Good, The Bad, The Ugly

Posted on Jan 03, 2017 in Real Estate News

The Ups & Downs of BC Real Estate in 2016

What a year it’s been for real estate in BC. It was a roller coaster ride of positive and negative news, from soaring values in Vancouver to the shadow flipping scandal, the foreign buyers tax, tough new mortgage policies and then Donald Trump’s US presidential election win… 2016 has seen it all. Here are th...

BC Offers Interest Free Loans to Home Buyers

Posted on Dec 16, 2016 in Real Estate News

Premier Christy Clark announced December 15 a new government-backed loan program, which will lend homebuyers in BC up to $37,500 towards a down payment for their first home. The B.C. HOME Partnership program will match the amount first-time homebuyers have saved towards a down payment, up to a maximum of $37,500, and no more than five per cent of t...

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