UBC offers a full range of housing options in five distinct neighbourhoods to provide a unique opportunity to live, work and learn in a truly integrated campus community.
 

As the government policy tightening for equity deals, it is getting challenging to obtain
an approval for equity take-out requests today. However, RBC remains very competitive
in terms of providing financing to those who have high net worth properties or having
over 35% downpayment to purchase their new properties. If clients are either new
immigrants or non-residents, RBC also has excellent equity programs to serve those
clients in need.

 

For refinancing up to 65% of the property value, clients may need to provide either
employment income or liquid investments, either in Canada or overseas, to illustrate
the repayment ability. For those who report employment income earned in Canada in
particular, we may be able to provide financing up to 80% of the property value.

For new immigrants, we can lend up to 75% of the purchase price, providing clients
can show sufficient liquid investment to support monthly mortgage payments. For more
details, please contact Eric Huang at 604-505-6665 for a free case consultation.

 

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Sylvia Ho, MBA - Mortgage Broker in Vancouver | 604.307.1766 | Offering mortgage services in Chinese Mandarin & English

Rates as of September 20th, 2012

 

Key Mortgage Rates

Please call me for a free, no obligation consultation at604.307.1766.

Loan TermOur Rates
1 Year 2.49%*
2 Year 2.74%*
3 Year 2.94%*
4 Year 3.04%*
5 Year 2.99%*
7 Year 3.95%*
10 Year 3.89%*
5 Year Floating Rate 2.65%*
Qualifying Rate 5.24%
Prime Rate (P) 3.00%
Next Bank of
Canada Meeting
Oct 23rd, 2012
* Special conditions apply.

Borrowers must qualify on approved credit & rates are subject to change without notice. All rates shown are the annualized percentage rate (APR) and do not reflect all lenders. Rates may vary from lender to lender.
Call me for more details at 604.307.1766, or Apply Online Today.

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I just added Quilchena Homes for Sale section.

 

http://ubchomes.ca/quilchena-homes-for-sale.html

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I just added new sections to my website.

 

Dunbar Homes for Sale --> http://ubchomes.ca/dunbar-homes-for-sale.html

 

Kitsilano Homes for Sale --> http://ubchomes.ca/kitsilano-homes-for-sale.html

 

Check it out.

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August 2012 Housing Market Update - Real Estate Board of Greater Vancouver

The Real Estate Board of Greater Vancouver Housing Market Update for August 2012 with REBGV president Eugen Klein.



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Home sale activity remained below long-term averages in the Greater Vancouver housing market in August.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,649 in August, a 30.7 per cent decline compared to the 2,378 sales in August 2011 and a 21.4 per cent decline compared to the 2,098 sales in July 2012.


August sales were the second lowest total for the month in the region since 1998 and 39.2 per cent below the 10-year August sales average of 2,711.


“Home sales this summer have been lower than we’ve seen for most of the past ten years, yet we continue to see relative stability when it comes to prices,” Eugen Klein, REBGV president said.


New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,044 in August. This represents a 13.7 per cent decline compared to August 2011 when 4,685 properties were listed for sale on the MLS® and a 15.8 per cent decline compared to the 4,802 new listings in July 2012.


“For sellers it’s critical to work with your REALTOR® to understand today’s market and to develop the best strategy for selling your home,” Klein said. “On average it’s taking about two months for a home to sell on the MLS® in Greater Vancouver today.”


At 17,567, the total number of residential property listings on the MLS® increased 13.8 per cent from this time last year and declined 2.8 per cent compared to July 2012.


“Today, our sales-to-active-listings ratio sits at 9 per cent, which puts us in a buyer’s market. This ratio has been declining in our market since March when it was 19 per cent,” Klein said.


The MLSLink® Housing Price Index (HPI) composite benchmark price for all residential properties in Greater Vancouver is $609,500. This represents a decline of 0.5% compared to this time last year and a decline of 1.1% compared to last month.


Sales of detached properties on the MLS® in August 2012 reached 624, a decrease of 38.8 per cent from the 1,020 detached sales recorded in August 2011, and a 30.1 per cent decrease from the 893 units sold in August 2010. The benchmark price for detached properties increased 0.2 per cent from August 2011 to $942,100.


Sales of apartment properties reached 725 in August 2012, a 24.1 per cent decrease compared to the 955 sales in August 2011, and a decrease of 22.5 per cent compared to the 935 sales in August 2010. The benchmark price of an apartment property decreased 0.9 per cent from August 2011 to $370,100.


Attached property sales in August 2012 totalled 300, a 25.6 per cent decrease compared to the 403 sales in August 2011, and a 19.8 per cent decrease from the 374 attached properties sold in August 2010. The benchmark price of an attached unit decreased 1.9 per cent between August 2011 and 2012 to $462,300.

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