January 2009 - Posts

28 January 2009
Budget 2009 Highlights For Housing Market
The federal budget released for 2009 contains a few items of interest to homeowners and people who are thinking about buying a home. Here are some highlights: RRSP Home Buyers' Plan: Starting from January 28, 2009, first-time home buyers can withdraw Read More...
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22 January 2009
Developer sues buyers who tried to back out of pre-sale contracts
A Vancouver developer has started suing buyers in its development for attempting to back out of their purchase contracts. The Vancouver Sun reports that the developer is suing at least 7 buyers in the surrey development. Buyers could end up paying the Read More...
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21 January 2009
Bank of Canada Makes History - Prime Rate @ 3%
The Bank of Canada has cut its main interest rate by half a percentage point to one per cent - lower than in 1958, when the most-watched policy rate was 1.12 per cent. This cut brings key interest rate to the lowest level in Canadian history. Shortly Read More...
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17 January 2009
So you want to buy a property in foreclosure?
I received a few inquiries in the last 2 weeks from potential buyers of homes in foreclosure. All callers had one thing in common, they were expecting to save a truckload (or a car-load at least) of money in the transaction. Yes, the economy is bad, yes, Read More...
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