From the monthly archives:

August 2007

Be Aware of the Full Costs of Home Ownership

by Sebastian on August 29, 2007

An Ipsos Reid survey commissioned by First Canadian Title recently revealed that new homeowners are all too frequently unaware of the true costs of home ownership. Fully one in four first-time homeowners are unprepared for the costs and surprises that come along with the purchase.
 ”Despite the joys associated with owning a home, people are often [...]

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CMHC BC Housing Outlook

by Sebastian on August 15, 2007

CMHC released it’s outlook on the housing market in BC recently. They have forecast a slight dip in the number of MLS sales, but predict that prices will continue to rise.
Their prediction is that we will see an average price increase of 11.8% this year. 2008 will see an average price increase of 6.3%. Those [...]

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July Housing Sales Near Record…Again

by Sebastian on August 3, 2007

Despite some predictions that rising interest rates and a seasonal decline would combine to temper the summer real estate market July 2007 was one of the busiest on record. The 3,873 units sold last month were 41.8% above last year and 5% higher than 2005. Only July 2003 had more sales at 4,023.
What happened? It [...]

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Reason #344 To Get An Inspection

by Sebastian on August 1, 2007

Have you heard about the couple in Vancouver’s West End that moved into their new condo and discovered that it was already occupied? That’s right. It was a newly renovated $509,000 condominium that wasn’t as perfect as they’d hoped.
Unfortunately, the young couples new home is infested with bats…at least 80 of them. The majority of [...]

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