Introduction: Getting into a home doesn’t just happen overnight: It takes research, discipline and a clear plan. Planning for a mortgage is an essential part of the plan. Getting approved for a mortgage may feel like biting off more than you can chew but it is fundamentally a process that may be broken down into … Read more
You have decided to own a house. The papers are ready to be signed. At this stage, before you move, it might be wiser to be acquainted with a few additional costs beforehand. These might seem a bit daunting at first, but if you know these, it makes the process more streamlined and hassle-free. … Read more
It is everyone’s dream to one day have a house they can call their own. We are here to help you determine whether it is the right time for you to buy a house and what you should expect in the process. Credit Be sure to establish and build your credit. Although amazing credit is … Read more
If you are coming to the end of your mortgage term and need to renew your mortgage, you face many opportunities. You have the ability to change the terms of your mortgage including repayment, refinancing, renewal or switching. You also have the option to either renew your agreement with your current provider or transfer your … Read more
New mortgage lending rules have made it tougher for borrowers to finance their real estate dreams. With tighter policies, the mortgage qualification criteria are stricter than ever, and this directly impacts the homebuyer market. With a higher qualifying rate, an environment of increasing interest rates, a slowing home sale market, and more stringent lender policies, … Read more
I want to wish you and your family a blessed and wonderful Holiday Season, and a happy, healthy, and peaceful New Year 2019! If you need any assistance from Chris Jung during the holiday season, feel free to get in touch with me by clicking here.
Vancouver is considering allowing duplexes in most areas of the city currently restricted to single-family homes, and the plan has prompted a lengthy public hearing that is far from over. The city clerk says 73 people signed up to speak at the hearing that began early Tuesday evening and adjourned hours later with 34 speakers … Read more
David Rosenberg, chief economist and strategist at Gluskin Sheff + Associates, joins BNN Bloomberg to weigh in on Canada’s latest jobs data, the Bank of Canada’s next moves and his outlook for markets as rates rise.
TORONTO — A new report says Canadian commercial real estate transactions hit a record high in the second quarter, driven by two major deals and continued strength of the Toronto and Vancouver markets. The report by CBRE Canada says deals totalled $16.5 billion, up 38 per cent from the previous high of $12 billion reached … Read more
Though Vancouver’s industrial market cooled slightly during the second quarter, its performance since the beginning of 2017 has made it one of the hottest industrial markets in the world this year, according to CBRE data.
A new housing project in Port Moody will give local tenants a chance to become homeowners in the development. Thirty of the 358 units to be constructed at 50 Electronic Avenue are going to be rent-to-own homes. Affordability is expected to be achieved through two measures. One is that rents will be charged below market … Read more
The unprecedented momentum in Canada’s leading commercial real estate market will carry it well into 2018 and likely further, Vancouver analysts say. Vancouver has Canada’s lowest office vacancy rate, and new office towers are pre-selling space at record-shattering prices. The largest industrial developments in Metro Vancouver’s history are underway as industrial lease rates increase and … Read more
