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16 February 2010
Mortgage Rules Have Changed. Effective April 19th
Govt. of Canada changed some mortgage rules today to make it a little harder to get a new mortgage or refinance an existing mortgage. There are 3 changes in rules aimed at home buyers, investors and borrowers who may be planning to refinance. Home buyers Read More...
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04 November 2009
Abbotsford Homes Sales Monthly Report: October 2009
Buyers moving in from Greater Vancouver and first-time buyers from all over the Lower Mainland taking advantage of competitive interest rates and lower prices in the Fraser Valley were the driving force behind strong home sales in October. Although Fraser Read More...
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04 September 2009
Abbotsford Homes Sales Monthly Report: August 2009
After a very hot July home sales in Fraser Valley set another record in August recording the second best August for home sales. Buyers powered by historically low interest rates and driven by the desire to move up the value chain drove the home sales Read More...
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26 August 2009
Speak out against HST on new home sales & real estate services in BC
Last month when BC govt. announced the plans to implement new tax system HST (harmonized sales tax) in 2010, I wrote a blog post about how it would affect the real estate industry and new home buyers. Just like me most other REALTORS® are concerned Read More...
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05 August 2009
The hottest July on record
July was indeed the hottest month in Fraser Valley for both weather and real estate sales . The hot weather and home sales both broke the all time record for month of July. Fraser Valley saw the highest number of real estate transactions ever recorded Read More...
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31 July 2009
What HST means for BC real estate
The BC government announced on July 23, 2009 that effective July 1, 2010, BC will adopt the HST, combining BC's seven per cent PST with the five per cent federal GST for a single "harmonized sales tax" of 12 per cent. Starting next July, Read More...
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23 June 2009
Abbotsford neighborhood in top 10 hot spots
Abbotsford neighbourhoods scored #8 on the list of hottest neighborhoods in lower mainland in a recent study. This study conducted for real estate firm Century 21 Canada was focused on finding the 21 hottest neighborhoods in Canada for realizing real 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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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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18 March 2008
BC house prices to keep rising.
A report released by the Credit Union Central of British Columbia predicts housing prices will continue to rise by as much as 10 per cent this year and as much as seven per cent in 2009. Prices are rising mostly in B.C.'s urban centres, which have Read More...
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10 March 2008
Unexpected Growth In Housing Starts
New home construction in Canada rose by 15.4 percent in February to a seasonally adjusted annualized rate of 256,900 units, from 222,700 units in January according to Canada Mortgage and Housing Corp . A big boom in condominium and apartment construction Read More...
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06 January 2008
2008 will be another great year in real estate
The Canada Mortgage and Housing Corporation (CMHC) says that average home prices in Abbotsford will increase faster than in the rest of the Fraser Valley, projecting a 10 per cent average increase in 2008. Many buyers are looking for less expensive multiple Read More...
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29 September 2007
Canadian housing market remains strong
A major Canadian bank has concluded that Canadian housing market is largely immune to turmoil south of the border and is expected to remain strong in the near future. The fundamentals underpinning the Canada's housing market are still quite strong Read More...
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