Recent Important Changes to Mortgage Rules that come into effect April 12, 2010

Recent Important Changes to Mortgage Rules that come into effect April 12, 2010

Recently, Federal Finance Minister Jim Flaherty announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. The changes are as follows:

1.)    All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term;

2.)    The maximum amount one can withdraw in refinancing their mortgage will be reduced to 90% from the current 95% of the value of one's home;

3.)    Non-owner occupied properties will require a minimum down payment of 20%.

"There's no clear evidence of a housing bubble, but we're taking proactive, prudent and cautious steps today to help prevent one. Our Government is acting to help prevent Canadian households from getting overextended, and acting to help prevent some lenders from facilitating it," Minister Flaherty said in a press release.

There were no changes to down payment requirements or length of amortizations for owner-occupied residences.

These changes will further establish a solid lending foundation to the Canadian Mortgage Industry. It will require buyers to further confirm their financial capability to purchase an investment property, reduce the ability for speculative buying and reduce any of the risks that have lead to America’s Housing bubble from occurring in Canada.-RightPricedRealty.com

Click here (http://www.fin.gc.ca/n10/10-011-eng.asp to read the government’s announcement.

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RightPricedRealty.com is very proud and honoured to donate 1% of all our transaction proceeds to help support Volunteer Grandparents.

Our Community Involvement at RightPricedRealty.com

 RightPricedRealty.com is very proud and honoured to donate 1% of all our transaction proceeds to help support Volunteer Grandparents.

“Volunteer Grandparents exists to bring together older people and young families in a variety of ways.

Older adults are playing a role or making a contribution to the younger generation and this emotional bond promotes self esteem and breaks social isolation. Children who have a relationship with an older adult develop socially and emotionally in many positive ways.

The grandparent- grandchild relationship is the key element and Volunteer Grandparents encourages and promotes the development of strong and healthy families by supporting intergenerational connections. Connecting generations provides opportunities to bring young and old together; share experiences and learn; understand and share cultural values and build positive relationships between generations.” http://www.volunteergrandparents.ca/

At RightPricedRealty.com we work hard to achieve our clients buying or selling goals. We hope at RightPricedRealty.com that this small token of our appreciation will assist this great non-profit program and show you how much their hard work is appreciated in the community.

 

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Mortgage Rates are expected to Increase:

Most banks and institutions already have or will by tomorrow increase their posted rates. It remains an amazing time to find record-low mortgage rates. Please speak to your mortgage broker for more direct advice catering to your individual situation. Your mortgage broker will be able to provide you with the advice you need on variable versus fixed and also have the ability to lock-in a rate for up to 90 days. Please call me directly if you have any questions on the current mortgage rates or would like a referral to some great mortgage brokers for you to speak with. Have a great day... RightPricedRealty.com 604-970-0393

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We recently completed another transaction:

#401- 2140 West 12^th Avenue, Vancouver BC

Arbutus walk, top floor with partial mountain views. This home features: vaulted ceilings, balcony, gas F/P and kitchen bar center for entertaining friends! It also boasts wood laminate floors and floor to ceiling windows to allow sunlight to flood in. Come see it by appointment

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NEW Client Feedback on our services- David Zheng

My biggest fear as first time home buyer is that I really don't know what to look for and what's the reasonable price for a place. Roland is always there to help. You can call him any time. He's always there to help.  Roland sends out regular email updates to his clients whenever there any changes about the deal, he always try to let me know as soon as he can. What I like most about Roland, is that Roland is always there to answer your phone or email, which really helped me. I worked with Roland because he came highly recommended from my friend who is also a client of his. I am happy with my transaction; Roland knows what he is talking about and achieved what he said he would. I would use Roland again for my future real estate transactions and will recommend him to my family and friends.

David Zheng- Buyer in 2009

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We recently completed another transaction at:

#3- 5083 Imperial Street, Burnaby BC

Deluxe 3 bedroom town home within walking distance to sky-train, parks and shopping with private double garage fenced yard expertly finished with granite countertops in kitchen and baths elegant tile and carpet flooring. Beautiful stainless steel appliances set in rich solid maple cabinets and much, much more. High quality home protected with comprehensive home warranty program. Live close to your work, fine dining, shop and play within walking distance to Metro town, Crystal Mall and Expo line sky train to downtown. Vancouver. Elegance living at the developer's expense

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I have recently moved brokerages to REMAX Select Properties in Vancouver.

Good Morning Everyone,

I have recently moved brokerages to REMAX Select Properties in Vancouver. I have chosen to further my career at REMAX, building a better business and service for all my clients, their friends, families and referrals.

I am licensed with REMAX Select Properties in Vancouver, whose brand is recognized as being in the top 10 of all logo’s and brands world-wide. Remax is involved in, and strongly supports numerous charities throughout the world, having donated more than 100 million dollars to the Children’s Miracle Foundation.

My business is called rightpricedrealty.com.   At rightpricedrealty.com we differentiate ourselves from the competition by focusing on our core values, these core values include:

Being Client Focused: We always keep our clients best interests at heart. We are not interested in making a quick deal, rather we want to establish a life-long partnership with our clients. We are building our business as the go-to support center for all our clients Real-Estate needs, establishing ourselves as their REALTOR for life.

Using Innovative Marketing & Promotions:  We continue to use all proven marketing methods and tools established by the many great REALTORS before us. We are however, on the leading edge of innovative marketing and promotional tools. These tools allow us to better position our listings and attract the RIGHT buyers at the RIGHT PRICE.

Providing Attention to Detail:  We recognize that our clients are making some of their largest purchasing and selling decisions with us. We value this opportunity to assist in making the best possible decision for their lifestyle. Attention to detail in contracts, timelines, and staying on target is our objective and responsibility. We’ve built a system and checklist for every stage, step and sequence in the buying and selling process to make sure that no detail is forgotten.

 Hard Work: We work harder and smarter than anyone else because we recognize that our clients have equally worked hard, to place themselves into a financial & emotional position to work with us; they should expect nothing less. We understand that by working hard and building a foundation, we will support our clients and grow with their needs as their valued REALTOR and resource for life.

Please call me for any questions or comments you may have. 604-970-0393

Roland

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We are proud to announce that this Saturday, March 6, 2010, 3:00 PM to 5:00 PM we will be hosting an Open House at 1003 PACIFIC Ave in West End VW, Va

We are proud to announce that this Saturday, March 6, 2010, 3:00 PM to 5:00 PM we will be hosting an We are proud to announce that this Saturday, March 6, 2010, 3:00 PM to 5:00 PM we will be hosting an Open House at 1003 PACIFIC Ave in West End VW, Vancouver West. This is an opportunity to visit this excellent Condo for sale in beautiful West End VW.

http://www.rightpricedrealty.com/ActiveListings.php/Details/32/#viewdetail

Please come with any questions you may have. In the meantime you can take a virtual tour of this West End VW Condo for sale.

As always please do not hesitate to give me a call at 604-737-8865 if I can answer any questions before the open house, or if you would like to book a private showing.

Roland Kym
Remax Select Properties
This is an opportunity to visit this excellent Condo for sale in beautiful West End VW.

Please come with any questions you may have. In the meantime you can take a virtual tour of this West End VW Condo for sale.

As always please do not hesitate to give me a call at 604-737-8865 if I can answer any questions before the open house, or if you would like to book a private showing.

Roland Kym
Remax Select Properties

Open House at 4900 CARTIER Street in Shaughnessy

We are proud to announce that this Saturday, March 6, 2010, 12:00 PM to 2:00 PM we will be hosting an Open House at 4900 CARTIER Street in Shaughnessy, Vancouver West. This is an opportunity to visit this excellent Townhouse for sale in beautiful Shaughnessy.

http://www.rightpricedrealty.com/Properties.php/Details/31/#viewdetail

Please come with any questions you may have. In the meantime you can take a virtual tour of this Shaughnessy Townhouse for sale.

As always please do not hesitate to give me a call at 604-737-8865 if I can answer any questions before the open house, or if you would like to book a private showing.

Roland Kym
Remax Select Properties

I just finished uploading this Townhouse for sale, 35 4900 CARTIER Street, Vancouver West, British Columbia

I just finished uploading this Townhouse for sale, 35 4900 CARTIER Street, Vancouver West, British Columbia


Exclusive Shaughnessy Place and this one has the full "wow" package. Private, gated community with 24/7 security, beautifully landscaped gardens. Completely redesigned and renovated from the studs. Gourmet kitchen with top of the line cabinets, granite counter tops, glass tile backsplash, appliances, designer baths, two new gas fireplaces, in-floor radiant heat on the main, stunning new hardwood floors. "Tres Shiek"...and there is more...how about over 1200 sqft of outdoor patio and deck space. All carefully crafted and finished by one of Vancouver's best...RJ Reynolds Enterprises. Call for your private viewing. OPEN HOUSE Sat. March 6th from 12-2pm.

I just finished uploading this Condo for sale, 608 1003 PACIFIC Ave, Vancouver West, British Columbia

I just finished uploading this Condo for sale, 608 1003 PACIFIC Ave, Vancouver West, British Columbia



Terrific 1 bdrm & den apartment in the Sea Star. Fabulous location - one block to the Aquatic Centre, walking distance to English Bay & Sunset Beach, the seawall and downtown for shopping, restaurants and Entertainment. Beautifully with high-end finishes and freshly painted. Gourmet kitchen, breakfast bar, gas fireplace and hardwood flooring. The building also has excellent facilities including exercise center, billiards room, meeting and media rooms. Great opportunity for some lucky Buyer. OPEN HOUSE Sat. March 6th from 3-5pm.

NEW Client Feedback on Our Services: Mark N.

Working with Roland Kym was a pleasure! When I started considering buying my first property one of my biggest concerns was finding a realtor who could identify with my specific wants and needs. Someone who would take the time to gain an understanding of my comfort level and respect it by suggesting properties to look at that were suitable. Roland was very professional. He genuinely listened to what I had to say and within a week we were writing offers. At no time throughout the buying process did Roland put any pressure on me to make a decision that I was uncomfortable with. He led me through the process step by step and was a valuable source of information as I could always trust him to give me an honest opinion.

Roland has a tremendous amount of enthusiasm. He was excited to look at properties and his experience with the market in Vancouver gave me some valuable insight into buying.

Roland breaks the buying process up into three distinct parts. Each part is clearly laid out with important decisions and objectives. This approach helped to prevent me, as a first time buyer, from becoming overwhelmed by the entire process. We were able to focus on one part at a time and Roland was very diligent in ensuring I was pleased before moving to each successive stage.

One of the things that impressed me the most about Roland was the hard work he continued to do on my behalf after the deal was completed. There was a minor problem with my new home that was entirely undetectable by me, Roland, my inspector and even the selling realtor. I was willing to pay for the minor repair myself as the deal was already closed but Roland insisted on contacting the seller to try and recover some of the repair costs. To my surprise he was successful and proved again that I made the right choice in hiring some one who had my best interest in mind.

Something that I have dreamed of for the past few years is now a reality thanks to Roland and his great team. I am a home owner and it is the perfect first place for me. I look forward to working with him again in a few years when I’m ready for my next purchase. Thanks again Roland for your professionalism, integrity, and all your hard work!

Recently we completed another transaction at:

Recently we completed another transaction at

304- 1177 Hornby Street, Vancouver BC.



Freshly updated 1-bedroom & den suite with a built-in Murphy bed. New paint & carpets accent this bright South-East facing apartment with high 9' ceilings. This 706 sqft efficiently situated apartment offers superb utilization of space. The well laid out open galley kitchen offers easy entertaining. Lrg Mbdrm, Den/solarium is perfect for guest with a built in Murphy bed & space for a desk. Free laundry on every floor, 1 prk & 2 strg. lockers for extra items. This beautiful home is ready to move in. Great location - steps from Yaletown, West End, shops & beaches! Fabulous amenities - gym, billiard & media room. Mtnce fees incl. heat & hot water. Sun lovers enjoy the rooftop deck.