Contact Kim Cheng

Contact Kim Cheng
Coldwell Banker
Cell: 604-880-8971
Office: 604-437-1123
Coldwell Banker
Westburn Rlty.
5489 Kingsway
Burnaby, BC
V5H 2G1 CA

Market News

Stronger Mortgage Underwriting

 

As you’ve seen in the news, in October, the Office of the Superintendent of Financial Institutions Canada (OSFI) released new Residential Mortgage Underwriting Guidelines.  The Guidelines are said to reinforce...

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Market Update

 

September 2017 saw the market starting to stabilize.  We are still seeing multiple offers and sales.  Lower priced units continue to move quickly.  However, we are also seeing price reductions throughout the lower mainland...

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At the time of this email, the bank of Canada has raisin it’s rate to 1%.  Usually what this mean is a flurry of activity as the Buyers are trying to capture the lower rates.

 

Not much has changed in the Greater Vancouver market over the...

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Market Update:

 

July saw the first change in the overnight interest rate since July 2015.  The overnight rate increased to 0.75% from 0.5%.  The next scheduled interest rate announcement date is September 6, 2017 but the experts widely...

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The only thing that is Constant is Change - Heraclitus

 

Right now the market is quite variable.  With the uncertainty surrounding the provincial government and the NDP/Green alliance certain sectors of the market are showing increased activity....

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Nothing can be said to be certain, except death and taxes (Benjamin Franklin)

 

With the tax filing deadline just past hopefully we all filed on time and can procrastinate for another year.  You might have noticed something new on the tax form...

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How flexible is your investment plan?  In the days leading up to the federal budget there was speculation that the capital gains exemption would be reduced.  While there were no changes in this budget, could the speculation be telegraphing a...

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In honour of the recent official opening of the Trump Tower in Vancouver …

 

“This is not FAKE NEWS!!!”*

 

“Really, really – I think this is going to be good” “All negative real estate news are the enemy...

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Happy 2017!

 

As you know, the BC government recently released interest free loans for half of the down payment for first time homebuyers.  The BC Home Owner Mortgage and Equity Partnership will be available for purchases that close on or after...

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Happy Holidays!

 

November saw another strange month of market activity.  At the end of November, prices at the low end spiked with multiple offers again being submitted.  The higher range of the market continues to normalize.  Only...

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Change is afoot!

 

The  results of the recent US presidential election has caused speculation as to the effect on Canadian real estate.  We’ve added a link to a sample article so you can draw your own conclusions. https://www.msn....

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December 9, 2010 - According to Canada Mortgage and Housing Corporation (CMHC), the average rental apartment vacancy rate in urban British Columbia centres edged lower to 2.7 per cent in October 2010, compared to 2.8 per cent in October 2009.

“Although...

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Home buyer and seller activity increases in busy spring market
 
VANCOUVER, B.C. – May 4, 2010 –The Greater Vancouver housing market experienced increased activity in April thanks to a steady balance of home buyers and sellers entering the marketplace....
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VANCOUVER, B.C. – April 6, 2010 – A steady influx of new listings has helped create a balanced ‘typical spring’ housing market in the Greater Vancouver region.

 
The Real Estate Board of Greater Vancouver (REBGV) reports that new listings for detached,...
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FOR IMMEDIATE RELEASE
20 October 2009
 
CONTACT: Jeremy Harrison
613 782-8782
 
Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter...
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