New Mortgage rule changes:


Maximum 25 year Amortization - Pretty self explanatory.  

 

Maximum Purchase Price of $1,000,000 on High Ratio Deal - This has represented only 35% of the insurer's portfolios, not a big change here.  

 

Maximum GDS 39% and TDS 44% - The buying power would decrease around 10% as compared to before.

 

Maximum 80% of LTV of refinances - Can now only access 80% of the home equity 

 

 

 




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I am holding an open house tomorrow for unit 306 - 2142 Carolina street, Vancouver, BC.  The property is located in the heart of Mount Pleasant area, short walk to Main street Cafes and Restaurant, close distance to the vibrant Commercial drive area as well.

The unit boast of stainless steel appliances and granite counter top in the kitchen, cabinets are of shaker doorstyle.  Bathroom is modern with vessel sink and marble top, main areas are mostly engineered wood floors...BUT, one thing not to be miss is the incredible view of the North Shore mountains and Downtown Vancouver.  This is the best view you can find in the bldg.  Come and see for yourself!!

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I'm doing an agents open June 14, 2012, 5 - 6:30pm at 306-2142 Carolina street.. Very excited to show this fabulos unit with a breathtaking view of the North Shore mountains and downtown.Very well priced and georgeous location in this Mount Pleasant area.  See you tomorrow!

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I'm about to list this unit on Carolina street and e 6th avenue.  The unit is 474sf but feels big due to the open layout, has a huge balcony for bbqs and just sit to enjoy this incredible breath taking view of the North Shore mountains and water, a 180 degree view of the whole downtown Vancouver.  Amazingly, this part of Mount Pleasant which the building sits on the high side, plus the unit is located on the 3rd floor which makes it even higher to have this unobstructed view!  The unit itself is pretty much updated with engineered wood floors, granite countertop with stainless steel appliances in the kitchen, vessel sink with marble counter in tha bathroom...Amazingly priced at $269K!!!  Come and see for yourself this move in condition unit!

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