The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 1,595 in September 2018, a 43.5 per cent decrease from the 2,821 sales recorded in September 2017, and a 17.3 per cent decrease compared to August 2018 when 1,929 homes sold. Last month’s sales were 36.1 per cent below the 10-year September sales average
“Fewer home sales are allowing listings to accumulate and prices to ease across the Metro Vancouver housing market,” Ashley Smith, REBGV president-elect said. “There’s more selection for home buyers to choose from today. Since spring, home listing totals have risen to levels we haven’t seen in our market in four years.”
There were 5,279 detached, attached and apartment properties newly listed...
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Maybe it is a coincidence or maybe it is a larger trend. I am finding that more people do not get a separation agreement after a marriage (or co-habitation) breaks up. In many cases this can prevent the clients from getting an "A" mortgage, or a best-rate mortgage
Like most things I talk about, the consequence of not having a separation agreement depends upon the circumstances.
Anybody who is recently separated should use all legal means necessary to get a legal separation agreement. I have a few would-be clients who are having a tough time getting their ex-spouse to sign. A mortgage application is stalled until that issue is resolved (a private mortgage loan is likely possible).
The reason that a separation agreement is important is that no lender wants to approve a mortgage and then find there...
The Metro Vancouver1 housing market continues to experience reduced demand across all housing types.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales recorded in August 2017, and a 6.8 per cent decline compared to July 2018 when 2,070 homes sold.
Last month’s sales were 25.2 per cent below the 10-year August sales average.
“Home buyers have been less active in recent months and we’re beginning to see prices edge down for all housing types as a result,” Phil Moore, REBGV president said. “Buyers today have more listings to choose from and face less competition than we...