BC Real Estate showing positive signs.

We checked the news today and there’s plenty of positive reports about real estate in BC.  We keep our eyes and ears open as we constantly assess the current state of real estate in Western Canada.  We also know that regardless of positive or negative news, sound investments in real estate and mortgages are always out there – you just have to find them.  We’re Alta Pacific Mortgage Investment Corporation and investing in Canadian mortgages is what we do.  Feel free to contact us if you’re interested in the option of investing in a MIC.

The following news stories came from the past few days in the Vancouver Sun.

Lower Mainland real estate markets saw big gains in June sales with the Metro Vancouver real estate board posting its second busiest and the Fraser Valley its fourth most active June on record. It was a factor of the slide in real estate prices last year and current low interest rates that were enough to offset the negative influences of higher unemployment and a contracting economy. more »

Greater Vancouver realtors had their second busiest June on record this year as buyers jumped at lower property prices and near record low mortgage rates, the Real Estate Board of Greater Vancouver reported Friday. Board realtors recorded 4,259 sales through the Multiple Listing Service in June, a 76-per-cent increase from the same month a year ago. more »

Fraser Valley realtors recorded their fourth busiest June on record racking up 1,982 sales during the month, a 40-per-cent increase from the same month a year ago. more »

Real estate sales on Vancouver Island in June bounced back from the lower levels of 2008, though prices remain below those achieved a year ago, the Vancouver Island Real Estate Board reported Thursday. Island communities outside of Victoria saw sales of 523 detached homes recorded through the Multiple Listing Service in June, a 20-per-cent increase from the same month a year ago more »

If you were waiting for the real estate market to cool further before buying, you may have waited too long more »

Alta Pacific Mortgages

Security. Growth. Transparency.

Alta Pacific Mortgages

Security. Growth. Transparency.

Real Estate, Canada Day and the NHL – what a mix

Well it is Canada Day and what’s more Canadian than Hockey?! (Wait, this is Alta Pacific Mortgages’ blog, isn’t it??)  Today northern Alberta awoke to news that Dany Heatley didn’t want to be an Oiler, Vancouver fans saw that the Sedins signed with the Canucks, and Calgarians rejoice to the Flames signing Jay Bouwmeester.

What does this have to do with us at Alta Pacific Mortgages?  Well, its Canada Day so we’re having some fun with friends and family today and of course watching the NHL Free Agency activity. But there’s some strong connections between NHL players, celebrities, and real estate.

News this week from BC showed some higher end real estate activity on Vancouver Island as the former Vancouver Canuck Courtnall brothers sold properties in the $6M range. We also heard about Minnesota Wild Marian Gaborik making some real estate moves in Vancouver (according to multiple sources and The Province newspaper) as he purchased a home in West Vancouver.  Could it be that his pal Pavol Demitra told him how nice Western Canadian living is?  Or is Canuck GM Mike Gillis a Realtor on the side?

Professional sports stars need to be careful with their money though. The March 23, 2009 issue of Sports Illustrated magazine stated that most NBA players are broke five years after their careers end. (and) Within two years of retirement, 78% of former NFL players have gone bankrupt or are under financial stress, while an estimated 60%  of former NBA players are broke within five years of retirement.

Recently NHL players have experienced encounters with unscrupulous developers in the real estate market.  The National Post described (10 days ago) how a real estate developer duped 19 NHL players out of $25M.

And lets not forget Hollywood … Pamela Anderson is apparently working to fasttrack her $50M BC Properties plans in Ladysmith BC.

Now, if you’re a Canadian who does not sign multi-million dollar contracts to lace up the skates, we think investing in Western Canadian real estate is a wise choice to establishing financial security.  Yesterday’s news in the Edmonton Journal echoes this as it reported that Alberta remains best place for real estate investors.  The key in real estate investing in to connected to folks with integrity, experience and professionalism.  We think you’ll find all three Alta Pacific Mortgages.  With offices in Edmonton and Vancouver, we’re a mortgage investment corporation (or MIC as they’re commonly known) that focuses on three things for our investors – Security. Growth.  Transparency.

Happy Canada Day to all!

Alta Pacific Mortgages

Security. Growth. Transparency.