The market for 2011 slowed substantially since March due to the previously mentioned factors. As of mid March you can no longer have a CMHC insured mortgage with a 35 year term, it is now 30 years maximum. We had a election which always causes a hesitation in the market and last but not least, now we have people waiting to see the results of the HST vote. These factors may coupled with summer may dampen our market through until September.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.
Comments:
Post Your Comment: