Mike Rampf Talks to BNI Chapter About Changing Real Estate Market
Over the past number of years Mike has been heavily involved with a local Business Networking Group (BNI). Every month he gives a 10 minute presentation to his chapter updating them on the current Real Estate market. In his latest market update there are three [...]

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Since the Real Estate markets & general economy has entered a period of instability banks have been changing their lending practices. In our current Economic environment, Credit history and Credit scores become very important and relied upon heavily by Lenders. We talk with two mortgage brokers to learn their take on new lending practices by banks.

We’re now seeing more activity in the housing market within Vancouver. This market update in May for the previous months is showing increasing sales within our housing market. If this demand continues we’ll be seeing supply of condos and houses starting to drop.

Previously buyers could withdraw 20 thousand from their RRSPs, now the allowable amount has increased to 25 thousand. Also, buyers will receive a tax break on some of their costs associated with buying. Due to the slowing market in 2008 the government has made it easier for people to own their own home. Since the beginning of 2009 Jacob & Mike have been extremely busy helping clients get into the market for the first time.

Working with Mike will give you access to MLS listings before they’re displayed on Realtor.ca. At what point do you need to talk with a mortgage broker and what are the benefits of doing so? Why is it a good idea to use a Realtor when buying? Mike will help you find a quality home within your budget and matching your criteria.

How do you get your property on MLS? Jacob Krause explains what to expect when you call a realtor to talk about putting your home up for sale.

Mike looks at renting a 1 bedroom condo in the Kitsilano area of Vancouver by searching Craigs List online. He then compares the costs of owning your own apartment to the cost of renting a similar flat. Mike explains why he feels it’s a good time to buy your own home to live.