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Fraser Valley Real Estate Board MLS® Report (Surrey, BC) –Recent sales data from the Fraser Valley Real Estate Board’s Multiple Listing Service (MLS®) indicates that Fraser Valley’s real estate market is changing to favour the buyer. Sales continue to decrease and benchmark prices for residential homes in most Fraser ...

Ottawa Rethinks Mortgage RulesKEVIN CARMICHAEL Globe and Mail UpdateJuly 9, 2008 at 6:07 PM EDTOTTAWA — The federal government, fearful of a U.S.-style housing bubble, has pledged steps aimed at keeping riskier borrowers in their rental units and away from homes they probably can't afford. Canada's housing agency will no longer be ...

Big banks move to boost their mortgage rates by as much as 85 basis points  TORONTO — Bank of Montreal (TSX:BMO) is hiking its residential mortgage rates by up to 85 basis points, joining Royal Bank (TSX:RY), TD Canada Trust (TSX:TD) and CIBC (TSX:CM) in increasing the cost of borrowing to buy a home. The increases follow the Bank of ...

Growing supply helps stabilize market conditions VANCOUVER, B.C. - June 3, 2008 - The Greater Vancouver housing market continued its re-balance between sales and listings last month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 30.7 per cent in May 2008 to 3,002 from the ...

End of Wall Street as we know itFinancial firms have relied on a highly flawed business model for years. The time has come to fix it.(Fortune) -- Until the recent tempest, Wall Street firms looked like just about the world's best businesses. Year after year, they posted sumptuous returns on equity, ever-rising share prices, and if you believed ...

NORTH AMERICAN & INTERNATIONAL ECONOMIC HIGHLIGHTS The subprime mortgage default swap market may be pricing in a darker picture than the one likely to emerge, but that will not help the valuations of American financial institutions in the coming months. An unprecedented drop in house prices and the resulting surge in negative equity ...

Jim Goddard VANCOUVER (NEWS1130) - It looks like our local economy is almost bullet proof right now. Other parts of North America may be looking at a slow down, but the latest report from Canada Mortgage and Housing Corporation indicates there is no sign of a slow down for Metro Vancouver. There are two really good indicators to see how well your ...

  Trouble ahead? Will the US economy impact our real estate market? The downturn in the US economy has some Metro Vancouver home owners and home buyers worried and asking, “Could it happen here?” The US situation Right now in the US, a combination of a housing slowdown and a credit crisis are heightening recession fears and ...

Courtesy of CTV's "Olsen on Your Side" Click on logo to watch video.   For more information on how to get your multi-million dollar property (or just start with your first one bedroom condo), contact http://www.HudsonHomeTeam.com   778-869-7653

Thanks again to CTV's Olsen On Your Side" for this informative viseo clip. click on image. For more information on how NOT to become "House Rich - Mortgage Poor", contact HudsonHomeTeam.com 778-869-7653