Blog by Richard & Olga Balov

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How to find the perfect neighborhood

March 6th, 2010
What factors should you look for in finding a high-appreciating neighborhood?

1. Pride of ownership
2. A low crime rate
3. A history of high-appreciation
4. Great schools in the area
5. The economic stability in the area
6. The availability of long term employment
7. The homogeneity of the neighborhood
8. Proximity to: work, schools, churches, shopping, major roads/highways, etc.
9. Wide cu ...

Questions You Must Answer Before You Go House Hunting

March 6th, 2010

1. What features in your current home or a friend/family member's home would you like in your next home?
2. What style really grabs you?
3. Do you prefer single story, two-story, or multi-level living?
4. Do you want a yard?
5. Are you looking for a maintenance-free lifestyle? If yes, do you have a preference for single family, townhouse or condominium living?
6. How many bedrooms?
7. How ma ...

Should Canada fear housing bubble trouble?

March 3rd, 2010
I just come across this article on CBC News website: http://www.cbc.ca/money/story/2010/02/09/f-housing-bubble.html

Home sales activity strong through Olympic period

March 2nd, 2010

Home sales activity strong through Olympic period

VANCOUVER, B.C. - March 2, 2010

The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouv ...

Burnaby East Open House!

March 1st, 2010

We are proud to announce that this Sunday, March 7, 2010, 1:00 PM to 3:00 PM we will be hosting an Open House at 7108 EDMONDS ST , in PARKHILL in Burnaby East, Burnaby. This is an opportunity to visit this excellent Condo for sale in beautiful Burnaby East.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Burnaby East Condo for sale.

As always ...

Heritage Mountain Open House!

March 1st, 2010

We are proud to announce that this Saturday, March 6, 2010, 1:00 PM to 3:00 PM we will be hosting an Open House at 528 April Rd in Heritage Mountain, Port Moody. This is an opportunity to visit this excellent House for sale in beautiful Heritage Mountain.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Heritage Mountain House for sale.

As alw ...

Real Estate Market Absorption Rates - A Great Way to Determine the Real Estate Market Trends

February 20th, 2010

Every buyer or seller would like to know is it a buyer's or seller's market? No buyer wants to pay too much and no seller wants to leave money on the table by pricing too low. The answer is in knowing the Market Absorption Rates which we constantly monitoring

Property absorption rates in any local real estate market are usually considered the best indicators of whether that market is a selle ...

You Gotta Be Here in 2010 - Super, Natural British Columbia

February 17th, 2010

Borrowing requirements for government-backed mortgages

February 16th, 2010

Feds change borrowing requirements for government-backed mortgages

The Honourable Jim Flaherty, Minister of Finance, today announced a number of measured steps to support the long-term stability of Canada's housing market and continue to encourage home ownership for Canadians.

"Canada's housing market is healthy, stable and supported by our country's solid economic fundamentals," said Minis ...

How Much Does CMHC Mortgage Loan Insurance Cost?

February 15th, 2010

To obtain CMHC Mortgage Loan Insurance, lenders pay an insurance premium. Typically, your lender will pass these costs on to you. Your lender will give you the exact price when you apply for a mortgage.

The CMHC Mortgage Loan Insurance premium is calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that ...

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