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July 2019

Found 6 blog entries for July 2019.

The Start of the Foreclosure ProcessA change in financial circumstances can make it hard for a homeowner to make regular mortgage payments. Missed mortgage payments can result in a lender deciding to initiate the foreclosure process. What are Canadian homeowners to do when faced with foreclosure? Learn more about the foreclosure process and how to avoid it today.

For informational purposes only. Always consult with an attorney before proceeding with any real estate transaction.

What Is Foreclosure?

There are many who have never had to deal with the foreclosure process. Homeowners may want to know more about this legal process whereby the lender or a mortgagee assumes ownership of the property. This occurs when a borrower has defaulted on their mortgage.

When a borrower agrees

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Vancouver, BC – July 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,960 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, a decline of 11.8 per cent from the same month last year. The average MLS® residential price in the province was $687,584, a decline of 4 per cent from June 2018. Total sales dollar volume was $4.8 billion, a 15.3 per cent decline from the same month last year.

“BC home sales moderated lower in June after a stronger showing in May,” said BCREA Deputy Chief Economist Brendon Ogmundson. “While mortgage rates offered by lenders have moved below 3 per cent, a static qualifying rate has limited the impact of the lower cost of borrowing.”

Total MLS®

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bayview

Awesome View! Great Value!

INCREDIBLE ocean views this affordable First-time buyer, senior living or investment property offers great value!

Approximately 663 sq ft this 1 bedroom 1 bathroom is situated on the fourth floor of this lovely Ladysmith community.

Onsite laundry, parking and elevator give the property the basic elements for everyday living wrapped up in affordable and economically low strata fee. Investor Alert!

This is a great investment opportunity right in the heart of Ladysmith and is currently in a rental pool, the tenant is currently month to month.

Seaview Manor features an ocean view, is close to all amenities and is within walking distance to downtown Ladysmith.

The kitchen has plenty of counter space

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How To Prepare Your Home For WinterGood homeowners always take steps to make sure their home is protected. They lock the doors when they leave, hide spare keys in extremely secret places, and never leave the stove on while they’re gone. While these are all good things, protecting a home from winter weather is something that all homeowners need to focus on as well. Freezing cold temperatures can do a lot of damage to a home, not a good thing if the home is for sale. But a lot of it is avoidable with the proper preparation. Here are some of the different ways homeowners can winterize their home and prepare it for the worst.

1. Let the Faucets Drip

When it comes to damage done by cold, bursting pipes is easily one of the worst things that can happen. Pipes burst when water freezes in

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Following historically normal trends, the volume of new listings and sales appears to have peaked in May with our spring market. 

There were a total of 740 properties sold in the Victoria Real Estate Board in June, that's 4.5% more than the 708 sold June of last year but 12.7% fewer than the previous month. The number of condos sold decreased 6% to 216 while single family home sales increased 10% over June 2018 with 394 sold.  At the end of June, there were 3,040 listings available for sale, an increase of less than 1% over the previous month but up 17% from the 2,595 available at the end of June 2018.  

The market is much more balanced overall now than it has been for a few years with an overall approximate 4 month supply. This balance of

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Marketing a Home to SellThere may be many reasons why Canadian residents may be interested in selling their home. Some common motivations include needing more space for a growing family, not being satisfied with the property, or a job transfer. Some may choose to sell a home themselves but can be in for a rude awakening when not taking time to properly market their home. That is why the majority of homeowners choose to work with a licensed agent who is experienced with marketing a listing and helping it stand out.

Drive more traffic to a listing and attract multiple offers with a properly marketing home. Learn about the techniques agents use to market homes in Canada today.

For informational purposes only. Always consult with a licensed real estate professional before

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