Real Estate News in the First Days of 2018
Posted on Jan 10, 2018
We are on day 10 of 2018, and one thing is for sure: real estate news does not take a break.
The new mortgage regulations came into effect on January 1, 2018. The significant change in mortgage regulations is the establishment of a new minimum qualifying rate (or financial stress test) for borrowers making a down payment of 20 percent or more of th...
What to look for in 2018
Posted on Dec 19, 2017
My prediction for 2018 is that we will continue seeing upward pressure on condos and townhomes as a result of the financial stress test being implemented for all buyers seeking a mortgage. Specialists have suggested that the change would affect buying power by 20%, which will affect roughly about 25% of buyers in the market. If people can borrow 20...
2017: the year in review
Posted on Dec 08, 2017
As we approach the holidays and start saying farewell to 2017, I’d like to take the opportunity to review the real estate market on the North Shore. As usual, let me be clear that the market is different in the Greater Vancouver Area from other Canadian cities. The same thing goes to our micro market; you can’t paint the North Shore’s real estate m...
The Polygon Gallery: a love letter to the North Shore
Posted on Dec 01, 2017
The Polygon Gallery has finally opened its doors! The news is embraced by Lower Lonsdale residents and by those who spend time down by the Quay. At times, watching its construction process was like watching water boil. It felt very close, but it just wasn’t there yet and months passed before the Gallery was ready to receive its first visitors.
The...
Christmas is (almost) here!
Posted on Nov 24, 2017
2017 is winding down fast and holiday activities begin next weekend. There are so many things to do in our community in the weeks leading to Christmas such as a Ferry Wheel, the largest outdoor display of Christmas trees, and the world’s tallest living Christmas tree. Here is your holiday guide for the North Shore.
The Shipyards Christmas Festival
D...
Is it time to buy a presale property now?
Posted on Nov 17, 2017
There are over 30 new developments being constructed (or in the process of beginning construction) on the North Shore right now. I’ve talked about the benefits and challenges of buying a presale in normal circumstances, but as we wrap up 2017, it looks like the New Year will bring uncertainties to our local real estate market.
Two factors will infl...
