Starting July 9 2012, those with less than 20% equity will no longer be able to get a prime mortgage with a 30 year amortization. The maximum amortization term will be 25 years.  Also, the upper limit that Canadians can borrow against their home equity will drop from 85% to 80% of their home's value.  In addition, the government will: ?Limit the maximum gross debt service (GDS) and total debt service (TDS) to 39% and 44% respectively (Currently, GDS does not apply to qualified borrowers with ... Full Article...

    All data and graphs from REBGV.  Contact us for data and graphs for other regions in the Lower Mainland and we would be happy to assist you.  

The following photos were posted on the MLS with the hopes of selling that dream home.   If your home didn't sell and these photos resemble the photos your Realtor took... it's time to hire The Galway Group.   This home has massive curb appeal.   There is plenty of parking for this unit.   A drive by photo-OR-Realtor on the go?   The foundation of this home is slightly askew.   The submarine home or skateboard house.   Chairs not included in final price of home.   Let The Galway Group ... Full Article...