Interest Rates Will Rise 1.5% By Next Year
The big banks have ended the historicly low interest rates home
owners have been enjoying for the past year. The five year fixed
term rate climbed by .6% which means the average Squamsih home
owner will now pay $100 more for the same property. This is part of
a cycle of interest rate hikes that will put interest rate up by
1.5% by this time next y ...
Interest Rates Are On The Rise!
The Canadian Press
Date: Mon. Mar. 29 2010 12:43 PM ET
TORONTO - Two of Canada's biggest banks are increasing some of their residential mortgage rates effective Tuesday in the latest sign that the era of historically low rates could soon come to an end.
The changes affect closed mortgages with terms of three, four and five years at RBC Royal Ba ...
1. Out Dated Wiring
Almost any home built before 1950 will have knob & tube wiring
which will not be able to handle heavy electrical loads and might
be corroding. Knob& tube electrical systems may have been
installed improperly and could be a fire hazzard. Many insurance
companies will not insure the home with knob & tube systems in
place.
Fix it!
Electrical systems are difficult to upgrade ...
First and foremost,
communities are about people - not buildings. Families make up a
community. And it's their children and their children's children
who make a place come alive. Still, the successful marriage of
built space and human interaction certainly plays a vital role in
making a neighbourhood worth living in. Waterfront Landing has
taken t ...
HOUSING FORECAST
Residential units sales through the Multiple Listing Service® (MLS®) in BC are forecast to increase 6 per cent to 90,100 units in 2010, before edging back 3 per cent to 87,500 units in 2011. MLS® residential unit sales sprinted from an annualized rate of 50,000 units during the first quarter of 2009 to 112,000 units d ...
As the Olympics wind down and the Paralympics start up, BC's momentary pause from the world's premiere sporting spectacle is being replaced by a relatively hot economy. According to the Conference Board of Canada, BC's economy is expected to lead the country in growth for 2010, fueled by Olympic spending and better fortunes for forestry and manufacturing (http://w ...
|
|
|
|
|
• Improved demand and rising
supply will characterize housing
market conditions in the province
Demand will benefit from increased
momentum of the economy.
• Builders will respond by increasing
new home construction. Housing
starts will gradually approach their
ten-year average during 2011.
• The sales-to-listings ratio, a key
predictor of future home prices, is
currently high and ...
