The Financial Transactions and Reports Analysis Centre of Canada, or FINTRAC, collects, analyzes and discloses financial information and intelligence on suspected money laundering and terrorist financing activities. It was created as part of a Canadian government initiative to fight money laundering and terrorist financing, both domestically and internationally. Businesses and industries who must..(read more)
The REBGV reports that Greater Vancouver prices have drawn back, the last two months, from the record highs experienced in early 2008.
Since May 2008 housing prices have declined. Detached properties in the GVA declined 2.1% since the end of May 2008 from $568,411 to $556,605 in July.
We’re seeing more price reductions in properties listed on the market, which is having a levelling impact..(read more)
Maybe it has something to do with a childhood home we fondly remember. Many of us long for old homes built with solid construction, quality craftsmanship and beautiful details. We wax poetic and wistfully recall the hand carvings, plaster walls and eyebrow dormers of homes we’ve known. How do the old homes we admire compare with newly minted models?
Location. Typically, old homes sit on generous..(read more)
The real estate industry is bracing for a surge in home purchases, betting buyers will rush to get ahead of tighter federal government standards for the mortgage industry.
The Finance Department will stop guaranteeing 40-year and zero-down-payment mortgage loans starting Oct. 15.
That has set off speculation that a surge of buyers, particularly those in pricier regions who have little money saved,..(read more)
When you are buying a home, there are many problems that the seller is obligated to disclose. But, these disclosures don’t always paint the entire picture of the home. Here are six questions you may want to ask that can offer additional insight about the prospective home before you make a final decision.
1) Why is the seller selling the house?
This question may help you evaluate the “real..(read more)
Turn on any financial news program and at some point you'll hear the experts extolling the virtues of diversification. Real estate has long been considered a conservative, long-term strategy to growing wealth. While some seasoned real estate investors make it look easy, to be successful, beginners should follow some basic principles.
Learn all you can. Before committing your cash, you..(read more)
The idea of buying a rundown home, fixing it up, and reselling it for a profit, is thought of by many as a lucrative means to making extra money. But is this really feasible?
The reality is that many fixer-uppers are in such disrepair that it will cost more to do all the necessary repairs and improvements than it would to buy a home in move-in condition. This does not mean, however, that it is never..(read more)
For many, retirement is a time when people shift priorities and put their own needs first. One of the most important choices they need to make is where to live in retirement. Choosing the right community and home is an important and challenging decision.
Ask yourself, do you want to:
Remain in the home you occupied before retirement?
Remain close to your present community, but move..(read more)
Median selling price in March 2008 for a single family home was $674,000 up from $582,500 in March 2007. An attached home(townhome) median selling price in March 2008 was $449,500 down from $455,000 in March 2007. Apartment/Condo median selling price was $271,000 in March 2008 up from $248,000 in March 2007.
Total number of homes selling is down and yet overall selling prices are up.(comment)
Port Moody has now opened it's new recreation complex right next to the city hall. Go on down to check out what's new, including: weight room, aerobics, spinning classes, running track, child care center, or go to:
http://www.cityofportmoody.com/NR/exeres/F14FC3B7-49D2-45A3-82E2-D29B3D2E89B2.htm
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