Think Of Owning Real Estate as a life-long process. You will always need a place to live so how you ride the ups and downs of the real estate markets over your lifetime could be profitable. One key thing to remember is that even if the value of your home goes down it does not change your life in a dramatic way. Your mortgage payments don't change if your property value goes up or down so lon ...

Tax Sales

Every September all properties that have not paid their proeprty taxes for 3 years are placed for tax sale. you can bid to buy the proeprty for a very cheap price. You will never get the property! You will get a very attractive interest rate on your investment ... about 6%. The home owner has a 12 month redemption period to pay their outstanding property taxes after you put in yo ...

July 2010 Market Update

Welcome to the 2nd Half of the Year!

On July 1st, the HST came into effect.

We discussed this last month, so there's no need to rehash the topic, but just a reminder that to calculate how the HST will affect a typical new house price, please visit www.macrealty.com to use the HST calculator. Remember though, there are many subtleties to the HST laws and its associat ...

So ... just how much will the HST cost you if you arre looking at buying B.C. real estate?

The answer depends on if you are looking at NEW HOMES or re-sale homes.

With the HST implementation date quickly approaching, many of you have asked what effect this new value-added tax will have on real estate prices in BC. To answer this question, we must break down its effects into 2 categories: N ...

After more than a year at a record low level, Bank of Canada Governor Mark Carney raised the benchmark interest rate for the first time since 2007 by one-quarter percentage point to 0.5 per cent. This is the first time since 2007 that that rate has increased and the Bank of Canada is the first in the Group of Seven to do so since the financial crisis and recession began in 2008. In a statem ...

Highlights

• Moderating MLS® sales and more

homes listed for sale will move the

resale market into more balanced

market conditions.

• Home prices will rise 11 per cent

this year

taking place in the fi rst half of the year.

• Modest price growth is forecast

for 2011.

• New home construction will

increase, but stay below the ten-year

average level, this year and next.

• Improving e ...

Macdonald Realty named Largest Brokerage Firm in Canada

With a total sales volume of $4.7 billion in 2009, Macdonald Realty placed first in the Real Trends 200 survey of Canada's largest brokers. The results were published in the May 2010 edition of Real Trends magazine, and was also reported in the May 5th and May 6th editions of the National Post, Vancouver Sun, and The Province (please ...

中文（简体） May 2010
	Last week, the Royal Bank boosted its mortgage rates for the third time in a month. The move increased RBC's posted 5-year close ...