October 2017

The federal government’s Office of the Superintendent of Financial Institutions (OSFI) is planning to bring in new rules that will make it even more difficult to get a mortgage.
The proposed rules would require borrowers with a down payment of 20 per cent or more to be approved at two per cent above the mortgage rate offered by their lender. Previously only high ratio mortgages with down payments of less than 20 per cent require ... read more
REBGV Latest Video housing market update
Demand for condos and town homes drive market as detached property inches closer to favoring buyers territory. ...
BCREA Housing Video Market Update (October 2017)
...
Latest Happy Clients!
find out how you can benefit from joining our VIP buyer and seller Programs! ...
Smaller homes: What the 2016 census data tells us
... read more
REBGV Latest housing market update and stats pack!
Apartment and townhome activity is outpacing the detached home market across Metro Vancouver*. This activity helped push total residential sales above the historical average in September. ... read more
FVREB Latest Housing market update and stats pack!
Demand for Fraser Valley homes remains unchanged despite change of season ... read more
Kitchen Backsplash Options
Having a fabulous kitchen can drastically improve the look and feel of your entire home. Whether you envision a sleek, modern space featuring gleaming white accents and stainless steel overtones or the rich reds and burgundies of a cozy home in the c... ... read more
Winter Home Maintenance Checklist
With the winter just around the corner, it’s time to get your house in shape for the cooler months ahead. Although autumn can be one of the busiest seasons for homeowners preparing for winter, it’s also the best time to take advantage of the moderate... ... read more
Retirement Living Options
Retirement isn’t what it used to be. These days, rather than sitting back and watching the roses grow, more of us want to use the extra time, energy, and any cash released from the sale of a property to travel the world or fulfill some other lifelong... ... read more
Add Value to Your Home With Stone Veneer Design
Whether you want to increase the resale value of your home, or you just want it to look its best inside and out, nothing does both like the look of stone crafted designs. Yet, natural stone can be prohibitively expensive. ... read more
 

With Compliments of

Lyle and Sandy Longridge
Realtors


Assist2sell-Buyers and Sellers Options Realty
626 12th street
New Westminster, BC, V3M-4J4
T: 604-540-SALE(7253)
F: 604-521-SALE(7253)
D: 604-812-4076 or 3371
lyle@lylelongridge.com; sandy@sandylongridge.com
www.longridgerealestate.ca

Greetings,
You are receiving this newsletter with hopes that you find it informative and entertaining.

If you are thinking of making a move, or just curious about the real estate trend in your area, please feel free to contact us any time. It is our pleasure to help you.

Best regards,
Lyle and Sandy Longridge

...........................
* Savings based on national statistics for all assist-2-sell offices compared to paying a 6% commission.  6% used for comparison purposes only.  Commissions are negotiable and are not set by law.”



NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Months 3.14% 3.10%
1 Year 3.10% 2.65%
2 Years 3.05% 2.55%
3 Years 3.45% 2.70%
4 Years 3.85% 2.95%
5 Years 4.95% 3.05%
7 Years 5.30% 3.45%
10 Years 6.10% 3.75%
Variable Rate 2.35%
Prime Rate ** 3.20%
*last updated: Oct 17, 2017


Compliments of
Lyle Longridge
Managing broker/Owner
lyle@lylelongridge.com
Cell : 604-812-4076
Sandy Longridge
REALTOR®/Owner
sandy@sandylongridge.com
cell: 604-812-3371
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