Archive for August, 2008

Thursday, August 28th, 2008

» In order that people may be happy in their work, these three things are needed: They must be fit for it. They must not do too much of it. And they must have a sense of success in it.

New Law Requires Real Estate Agents to Collect and Verify ID of Buyers and Sellers

Thursday, August 28th, 2008

New federal laws and regulations designed to prevent money laundering and anti-terrorist financing went into effect June 23, 2008. Realtors must obtain proof of identity from all parties in any real estate transaction, even if one of the parties is not represented by a real estate agent. Realtors must also ...

Real Estate Fraud - How to identify it and protect your property

Wednesday, August 13th, 2008

According to Statistics Canada, "At the end of 2003, individuals and unincorporated businesses held more than $1.6 trillion in residential structures and land– or about one-third of all assets held by individuals." By mid-2005, Canadians owed $617 billion in outstanding residential mortgages. Over the past 15 years, residential mortgage credit has ...

July Market Update

Wednesday, August 6th, 2008

Month-over-month housing prices retreat from record highs VANCOUVER, B.C. – Aug 5, 2008 – As property listings continue to outpace sales, Greater Vancouver housing prices have drawn back, the last two months, from the record highs experienced in early 2008. Since May 2008, housing prices, as calculated by the MLSLink ...

MARKET REPORT FOR JUNE, 2008

Wednesday, August 6th, 2008

VANCOUVER, B.C. – July 3, 2008 Increased property listings and moderating home prices have eased the Greater Vancouver housing market into a buyer’s phase. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 42.9 per cent in June 2008 to 2,425 from ...