Urban Vancouver

Maria Mak. Burnaby Real Estate Agents . Metro Vancouver Realtors

By Maria Mak - Sut... on August 19, 2012 - 10:11pm

Technology has been a driving force behind the transformation of many industries. While real estate remains a people business, consumers today have access to scores of information that can help them find an property, a REALTOR® and connect all the dots in between.

Purchasing a home will likely be the most important buying decision you’ll ever have to make so it is important to do your own research, understand your rights and find professionals that you are most comfortable working with.

If you’re deciding whether to buy or sell a home, it’s critical that you understand and properly assess your personal and financial circumstances against current housing opportunities.

The REALTORS® of Canada and other real estate professionals have provided a wealth of information online to help you understand what opportunities are out there for you and your family to consider.

Maria Mak. Burnaby Real Estate Agents. Burnaby Realtors @ Sutton Centre Realty- * latest mortgage news*

By Maria Mak - Sut... on June 30, 2012 - 7:15pm

OTTAWA — The federal government is moving once again to tighten mortgage-lending rules amid lingering concerns about an overheated housing market and rising household debt levels.

In a decision called for by some of the big banks — and one that's expected to soften housing prices — Finance Minister Jim Flaherty announced Thursday the federal government is reducing the maximum amortization period for a government-insured mortgage to 25 years from 30 years.

It's the third time the Harper government has reduced the maximum amortization period in the last four years, after it initially increased the lengths of mortgage terms to make it easier for Canadians to purchase homes.

The government has since ratcheted it back from 40 years to 35 in 2008, and then further reduced it to 30 years in 2011.

Visit Maria Mak's website www.mariamak.com for all detailed mortage rules being effective July 9th 2012, or contact Maria Mak and her mortgage teams @ 604-839-6368 for details.