Blog by Irene Wong & Mike Mulligan

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402 6388 MARLBOROUGH Ave, Forest Glen BS, Burnaby South, British Columbia

January 17th, 2012
I just sold this Condo at 402 6388 MARLBOROUGH Ave, Forest Glen BS, Burnaby South, British Columbia Forest Glen BS.View this recently sold Condo or see all my home sales
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Posted in Listings

The new MLS® Home Price Index: What’s new, what’s different?

January 12th, 2012
The new MLS® Home Price Index: What’s new, what’s different? As announced in December, a new national home price index will launch in February. This index will replace the MLS®Link Housing Price Index, which has been used by Greater Vancouver and Fraser Valley REALTORS® since the mid 1990s. The new index was developed by five of Canada’s largest real estate boards – Greater Vanc ...
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Posted in General

BC Assessment 2012 Assessment Roll Factsheet

January 9th, 2012
The role of BC Assessment:BC Assessment is a provincial Crown corporation, governed by a Board of Directors and accountable to the Minister of Community and Rural Development. Our role is to accurately value and classify all properties in British Columbia, producing assessments that are fair, equitable and uniform.How we assess properties:BC Assessment estimates the value of most properties ( ...
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Posted in General

CMHC Housing Outlook Confrerence: Expect More of the Same in 2012

January 9th, 2012
CMHC 2011 Housing Outlook Conference: Expect more of the same in 2012 BC has experienced balanced housing market conditions for over a year, and can expect to see more of the same in 2012, according to CMHC’s BC regional economist Carol Frketich and senior market analyst Robyn Adamache. Frketich and Adamache spoke at the CMHC Housing Outlook Conference in V ...
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Posted in General

Top 5 Mortgage Trends of 2011

January 9th, 2012
Top 5 Mortgage Trends of 2011 Cheap money fuelled another buoyant year for real estate in 2011. That helped housing values climb a wall of worry (prices rose another 4.6% Y/Y as of November) despite numerous predictions of a correction. Mortgage balances went along for the ride, growing another 7%. 2011 was a year marked by new mortgage regulations and a rate market that continually su ...
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Posted in General

Feds Change Borrowing Requirements for Government-backed Mortgages

February 16th, 2010
Federal Finance Minister Jim Flaherty announced this morning that homebuyers looking to qualify for a government-backed mortgage after April 19, 2010 will need to meet three new requirements. The changes revealed this morning include: • Require that all borrowers meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term ...
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Posted in General

Canada For Haiti Benefit

January 22nd, 2010
Canadians dug deep into their wallets for victims of the Haitian earthquake at the Canada for Haiti telethon Friday night. Phone lines were soon jammed at the telethon designed to raise money for a group of Canadian charities working in Haiti, created jointly by CBC, CTV and Global. About 200,000 people are estimated to have died in the 7.0-magnitude quake and about two million Haitians wer ...
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Posted in General

Insurance & Strata Property - Things you Need to Know

December 1st, 2009
Obtaining appropriate property insurance is a very prudent idea, particularly when strata property is involved. As an owner of a strata lot you need to be aware that there will be 2 policies involved. One must be purchased by the Strata Corporation (on behalf of all the owners), which is mandated & regulated by the Strata Property Act & Regulations. The second is the owner's policy for their ...
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Posted in General

Title Insurance - Much Ado About Title Insurance

October 29th, 2009
Title insurance is with us & many of our buyers are asking questions about it. To fully understand if there are actual benefits for your purchase a good understanding of how our BC Land Title system works is helpful. The article below does a good job of this. BC's "Torrens" based title system with it's principle of "Indefeasable Title" has been upheld in the courts against fraudulent title pr ...
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Posted in General

Home Inspectors Require Licensing

October 23rd, 2009
Since April 01, 2009 Home Inspectors performing residential inspections in BC require licensing with Consumer Protection BC. Inspections on commercial properties are exempt. Consumer Protection BC information about home inspectors can be viewed here. Home inspectors must currently meet the qualifications of one of the following three associations:Applied Science Technologists and Technicians ...
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Posted in General

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