February 2010

Ottawa Toughens Mortgage Rules
Federal Finance Minister Jim Flaherty announced that home buyers looking to qualify for a government-backed mortgage after April 19, 2010 will need to meet 3 new requirements. ... read more
Market Watch - Housing Supply and Demand Reaching Closer Alignment in January
Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market. ... read more
Prospects for the 2010 Housing Market
The rebound that occurred in the Canadian housing market in 2009 was nothing short of incredible. Having started the year a dismal 47% off 2008 levels, sales steadily clawed back. Purchasers who held off in the final quarter of 2008 and the first... ... read more
How to Help Your Child Cope with Moving Anxiety
Moving can be stressful for every member of the family—children included. Depending on the age of children, their fears about a move vary from child to child, but most children approach the idea of moving with some hesitation. ... read more
15 Tips for Hiring a Remodeling Contractor
Finding a qualified contractor for your home remodeling project can be daunting and confusing but it's not a difficult task. You can easily search the web or look in the yellow pages and find many home remodeling contractors listed in your area. But ... ... read more
How to Use Your Credit Card Wisely
Whether you shop online, by telephone or by mail, a credit card can make buying much easier; but when you use a credit card, it's important to control your spending. Use a credit card wisely and you can reap benefits like cash back, bonus points and ... ... read more
 

With Compliments of

Karel Palla
Professional Real Estate Services


RE/MAX Select Properties
250-4255 Arbutus Street
Vancouver, BC, V6J 4R1
T: 604.329.1430
F: 1.866.282.1431
kpalla@kpalla.com
www.kpalla.com

Greetings,

What an exciting time in Vancouver as we are in the middle of hosting the 2010 Winter Olympic Games!  Real estate activity has slowed down slightly, but still remains active, as we are fixed to our television cheering on our athletes but as the Games come to a close on February 28, the real estate market will be going full steam ahead.

As usual, I am here to help, and Spring is a great season to buy and sell.  Please feel free to contact me this month for a complimentary appraisal of your home, free real estate advice, or to help you buy or sell your next home. Let your friends know, I would love to help them too. 

Best regards,
Karel Palla

"I am never too busy for any of your referrals.  A referral is an important responsibility and is the biggest compliment someone can provide me.  I pledge to treat every referral with the utmost level of respect and professionalism." 



NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Months 4.60% 3.85%
1 Year 3.65% 2.50%
2 Years 3.95% 2.95%
3 Years 4.30% 3.40%
4 Years 5.05% 3.70%
5 Years 5.40% 3.85%
7 Years 6.30% 4.95%
10 Years 6.50% 5.20%
Variable Rate 3.25%
Prime Rate ** 2.25%
* last updated: Mar 8, 2010
** Prime rate may vary
according to lender.


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