Blog by Richard & Olga Balov

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 ...

Ukrainian Dom - Valentine Day and Olympic Special

February 14th, 2010

Ukrainian Dom - Valentine Day and Olympic Special click link to see pictures

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BCREA Housing Forecast - January 2010

February 11th, 2010
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Gold medal recovery limited by economy, affordability

Residential units sales through the Multiple Listing Service® (MLS®) in BC are forecast to increase six per cent to 90,100 units in 2010, before edging back three per cent to 87,500 units in 2011.

MLS® residential unit sales sprinted from an annualized rate of 50,000 units during the first quarter of 2009 to 112,000 units during the fou ...

502 7108 EDMONDS ST, Burnaby, BC

February 8th, 2010

I just finished uploading this Condo for sale, 502 7108 EDMONDS ST, Burnaby, BC

SHOW HOME CONDITION! 2 BDRM (1+LARGE DEN) OFFERS 2 BATHS & OPEN BRIGHT FLOOR PLAN that will please a sophisticated buyer. LAMINATE & TILE flooring, crown molding; NEW trim, baseboards, light fixtures & appliances. This UNIT faces SW & features a spacious master bedroom with 4pc ensuite, living room with gas firep ...

25 688 Edgar Ave, Coquitlam, BC

February 7th, 2010

I just sold this Townhouse at 25 688 Edgar Ave, Coquitlam, BC .

View this recently sold Townhouse or see all my home sales

Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.

February 2nd, 2010

Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,923 in January 2010, an increase of 152.4 per cent compared to January 2009 when 762 sales were recorded and a 23.5 per cent decline compared to the 2,515 sa ...