Richmond changing skyline The construction of the Light Rapid Transit System or SkyTrain connecting Richmond to the Airport and downtown Vancouver will forever change the once sleepy farming Richmond community into a modern City. The City of Richmond is promoting the developments of higher densi
...
04/27/2008
Canadians are cautiously optimistic that the real estate market in Canada may be insulated from the decline in house prices in the US. The table below summarized Richmond's 2006 and 2007 home sales as reported by the Real Estate Board of Greater Vancouver: Housing Type 2007 Sales Average 2006
...
04/27/2008
The reason why some home owners favor variable mortgage is because of the lower interest rates available on variable or floating rate mortgage. As of April 12, 2008 a qualified home owner can get a floating mortgage at Prime less 0.50% to 0.75%. The discounted variable rate mortgage is between 4
...
04/13/2008
Sky-high house prices are making home ownership less affordable to cash-strapped home buyers. Some economists and housing analysts are arguing that longer amortization is bad for home owners. The danger in stretching a 25-year mortgage to the 40 year CMHC mortgage is that it will hurt home buyer
...
04/10/2008
While Canadian Prime Rate is expected to be reduced this coming April 22, 2008 interest rate-setting meeting by Bank of Canada, RBC’s recent forecast on 5-year bond rates is projected to move up the next few quarters. Canadian home buyers will likely have another year of low interest before ra
...
04/06/2008
#86 6880 Lucas Rd, Richmond Just Sold! View here for similar Richmond townhouses available for sale. General description: This townhouse complex is around 30 years old. There are in total 101 units consisted of 2-level 3 bedroom homes ranging in built-up area between 1,400 to 1,605 square feet l
...
04/01/2008
The lowering of Canada's interest rate by 0.5% last week is good news to home owners. CBC News reported on March 05, 2008: "Interest rate cut good news for home buyers, association says" The Bank of Canada's decision to cut interest rates Tuesday is unlikely to trigger a flurry of home buying
...
03/09/2008
There are more bad news on the housing market in the US. Inman News reported on Wednesday, February 27, 2008 that the inventory of single-family homes reached the highest level since October of 1981. Inman News The for-sale inventory of new single-family homes bloated to its highest level in 27 y
...
02/27/2008
Residential real estate markets across Canada post solid gains over past decade, says RE/MAX Pent-up demand, population growth, tight inventory levels, and the longest economic expansion since World War II collectively fueled one of the best decades on record for residential real estate in Cana
...
02/22/2008
New Sky Train connecting Vancouver to Richmond City and Richmond International Airport After 5 years of surge in housing demand and price gains, experts are projecting a more moderate housing market for 2008. The following article was published on Tuesday, February 12, 2008 by Alia McMullen, Fin
...
02/15/2008
