Blog by kim little

affordability shrinking again

February 24th, 2011

New lending rules scheduled to take effect next month are stimulating housing sales, according to local mortgage brokers.  first-time home buyers are trying to arrange financing for 35-year mortgages.

The federal government’s decision to reduce the maximum amortization period for government-insured mortgages from 35 to 30 years, effective March 18  will reduce affordability, particularly for ...

condo pre sales

February 24th, 2011
be careful of falling prey to the hype that surrounds some presales.
note a supposed craigslist ad
CraigsList ad:
*PEOPLE NEEDED TO LINE UP FOR NEW CONDO PROJECT

Just as the title says, we need people to hold spots and line up for a new condo project located in Burnaby (Kingsway/Willingdon Ave). Line up may start as early as weds/thurs night. Grand opening is Saturday February 19, 2011.

War ...