Coldwell Banker 2011 Housing Report
Every year Coldwell Banker produces a North American Housing Report. Vancouver sits at number 3 in the top 5 most expensive average home prices based on a 4-bedroom, 2 bath home average list price. Amongst the top 5 are 3 California cities and Stone, Harbor, New Jersey. According to the Report, Burnaby's average list price for a 4 bedroom, 2 bath home is $797,455.
Free Real Estate Investing Seminar Planned
Details for a free real estate investing seminar have been posted. Be sure to join us for lots of information accompanied by specialty coffees and dessert on June 16, 2011!
August 2010 MLS Statistics
Less Sales = Opportunity
There have been many reports popping up in the media suggesting that we could be in a housing bubble and headed towards a real estate collapse similar to that of the US. A couple of things to note on the recent coverage:
Tax Deductible Mortgage Plan
Homeowners in Canada can create tax deductions from their mortgage by structuring debt differently. This plan not only creates tax deductions but helps you pay off your mortgage faster, save many thousands in interest payments and create a retirement nest egg. The attached article explains the process in a bit more detail. For more information visit www.tdmp.com.
Low Interest Rates
The biggest news this month has been how low interest rates have moved. With the Bank of Canada overnight lending rate at 0.5%, we have officially hit a historical low. Many economists are predicting that the overnight lending rates will not move much lower. Instead the Bank of Canada is looking at different means of stimulating the economy.
