Brenda Russell

Rules for Government Backed Insured Mortgages  The Victoria Real Estate Board has provided this new inforamtion about this mornings announcement from the Minister of Finance announcing changes to the standards governing government-backed insured mortgages: the maximum amortization period was reduced from 30 years to 25 years; the maximum amount Canadians can withdraw in refinancing their ...

Oak Bay Real Estate Update - April 2012 Oak Bay had a total of 41 home sales year-to-date with 14 of those sales during the month of March.  Below is a great graph that I like to view every month from the Victoria Real Estate Board showing the Victoria and Oak Bay area sales by 'price range' for Single Family Dwellings.  Condominium Sales - March 2012 By Price Range I hope this inform ...

Oak Bay Real Estate Update - March 2012 February turned out to have good activity for Single Family Dwellings.  Sixteen homes sold with a total of twenty-three year-to-date.  One of the luxury priced listings sold between the $2,500,000. - $2,999,9999. range and on the other side of the scale a sale showed between $550,000. - $599,999.  See below for all the Oak Bay home sales by price range ...

Real Estate Report on Victoria China USA and Australia UNITED STATES.  Phoenix real estate rises with Canadian buyers.  Bob Major returned to Phoenix in October in search of more bargains like the four empty houses he purcahsed in 2010.  The retired builder from Vancouver instead found real estate about 20 per cent higher and stiff competition.  "There's been an extreme turn" Major, 66, sa ...

Oak Bay Market Update - December 2011 Real estate sales activity remained steady throughout Victoria and I am very grateful for new, referring and existing clients that have allowed me to help with their real estate needs and wants this year.  For those of you that know me this won't be a big surprise but for those of you that don't I would like to explain. I take pride in presenting full ...

U.S. Property Tax Rules Hit Real Estate Hard for Canadians! A strong loonie and depressed U.S. real estate prices have led to a buying binge south of the border by Canadians. Canadian's are now the largest non-American buyers of U.S. real estate.  Many purchasers, however, have only a vague idea of what they've committed to from a tax and legal standpoint. "There's a presumpt ...

Media Release from PacWest on Real Estate June 30, 2011 James McNaught, President of PacWest International, sent this information to me which I thought was very interesting and wanted to share with you.  *  British Columbia gets about fifty-five percent of Canada's investor-class immigrants, people who have a minimum net worth of $1.6 million Canadian.  British Columbia drew a total ...