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02 August 2009
No more interest free loans for leaky condos in BC
Owners of leaky condominiums in British Columbia built poorly during the building boom of the late 1980s and early 1990s would no longer be eligible for government funded interest free loans to repair their buildings. The B.C. government has put an end Read More...
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11 June 2009
Clearbrook Village Renovations Under Way
Clearbrook Village - a family-oriented complex comprising of 2 and 3 bedroom town-homes - located at 3030 Trethewey Street is getting a major makeover. After month and months of haggling the strata development has finally started the long over due renovation Read More...
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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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09 November 2008
New Housing Market Forecast
A 25 per cent increase in Abbotsford housing starts this year has increased new home inventories while the demand is declining. A larger inventory of new homes and tough mortgage conditions are expected to reduce new home construction in 2009. Housing Read More...
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09 June 2008
Fully Forgivable Loan For Renovations
CMHC's RRAP - The Residential Rehabilitation Assistance Program — is to assist in the creation of affordable housing for low-income seniors and adults with a disability by providing financial assistance to convert/develop existing residential Read More...
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21 May 2008
Discounted Mortgage Loan Insurance for Energy-Efficient Homes
For most people, the hardest part of buying a home — especially the first home — is saving the necessary down payment. Mortgage Loan Insurance helps you buy a house with little or no down payment. CMHC or Canada Mortgage and Housing Corporation Read More...
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15 March 2008
Yale Crossing Condos - Construction Begins On Pauline St.
The vacant lot at 2632 Pauline Street in downtown Abbotsford has been an eyesore (or worse if you own a business in the area) for quite some time, but that's about to change soon. Tri-Peaks Developments - the new owner of the site - is going to build Read More...
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26 February 2008
Bad Press For Pre-Sale Condos
A Vancouver developer who pulled out of two building projects worth $95 million last November has halted a third development citing financing difficulties. The project called "The Sophia" located on E11th Avenue and Sophia Street in the city's Read More...
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28 September 2007
Prepare For Pre-Sale Purchase
Buying a condo or home at "pre-sale" or "pre-construction" stage, directly from the builder? There is no doubt that you can save some money and get desireable units by buying before the construction starts, there are also some risks Read More...
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