Blog by Chris Stylianou

CMHC

December 23rd, 2009

Please click the link to view an article titled "Canada's government will puncture any housing bubble: finance minister"

http://www.vancouversun.com/business/Feds
+will+puncture+housing+bubble+Flaherty/2359742/story.html


Some of the Key Points:

-CMHC may increase required down payments and decrease amortization periods. Thus, homebuyers will need 10% down and 30 year amortization. As oppos ...

Multiple Offers

December 23rd, 2009

Please click the link to view an article titled "Global housing crisis? What crisis? Vancouver asks"

http://www.vancouversun.com/business/real-estate/Global+housing+crisis+What+crisis+Vancouver+asks/2347973/story.html


Some of the Key Points:
- Competing Offers again on properties
- Realtors do not believe this is another "bubble"
- Low Interest rates contribute to increased number of buyers ...

HST

December 23rd, 2009

Please click the link to view an article titled "B.C. to jack up HST threshold on new housing rebate to $525,000"
http://www.vancouversun.com/business/real-estate/jack+threshold+housing+rebate/2241325/story.html


Some of the Key Points: 

- The threshold for which the maximum HST rebate will apply will be raised to $525,000 from $400,000
 - The maximum rebate to homebuyers purchasing houses ...

1 7511 GARDEN CITY Road, Richmond, British Columbia

December 8th, 2009

I just finished uploading this Townhouse for sale, 1 7511 GARDEN CITY Road, Richmond, British Columbia

Near new gorgeous townhouse in Central Richmond. Boasting over 1800 sq ft with top notch finishings. This home will truly WOW you. Finishings include: granite countertops thru-out, real hardwood flooring, maple cabinets, S/S appliances, side by side double garage and the list goes on.