Vancouver's had a record hot and dry summer in 2015. What to expect for Fall?

Check out the forecast

This will bode well for Vancouver real estate, making it easier for buyers to view properties in drier and warmer than normal weather.

Thinking of buying or selling Vancouver real estate?

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The Canadian banks have tightened the rules for self employed persons wishing to buy real estate.

Most self-employed clients can qualify under our conventional mortgage offering by providing documentation to confirm their income

Self employed buyers who need to use a stated income to qualify can take advantage of the RBC self employed stated income (Equity) Program for financing up to 65% of the value of their home without default insurance, or financing up to 90% with default insurance.

Alternatively, buyers with significant liquid assets may qualify for the RBC High Net Worth Equity Program if they have a minimum 35% down payment.

In addition, the RBC Homeline Plan®2 (access up to 80% of your purchase price or the appraised value - whichever is less) product gives self-employed real estate buyers flexible access to credit by allowing them to manage their mortgage and personal credit under one plan.

Whether you need to borrow a little or a lot, RBC has an option that can be customized to suit your situation.

To learn more about how we at RBC Royal Bank® can help you , contact Paul Reynolds 604-728-6864 Mobile Mortgage Specialist

August 24, 2015

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New home construction in Canada dipped 4.5 per cent from June to July to 193,000 units at a seasonally adjusted annual rate (SAAR).  The six-month trend in Canadian housing starts was up slightly.

BC housing starts rose to 36,500 units from a strong 35,000 units SAAR in June. 

Compared to 2014, housing starts increased 36% with single-detached starts 3% higher and multiple unit starts were up 54% .Total housing starts in BC are up 19% YTD.

Total starts in the Vancouver CMA were up 44 per cent year-over-year in July due to a 60% surge in multi-unit starts.

August 11, 2015

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.