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MAY MARKET UPDATE

  So, what is going on in our market?  In a nutshell, detached houses continue to be pretty quiet across the board.  Attached strata condo, townhomes, and half duplexes continue to be the hottest product available!  While the majority of our attached strata condos and townhomes sell with multiple offers pushing the values ever higher,…

MORTGAGE UPDATE  by Paula Siemens

We have just completed the first 4 months post stress test! The new stress test requires that mortgage applications qualify using income from the tax returns using a rate that is 2% above the actual interest rate. During May we will see how this new stress test will impact the real estate market under these…

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