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26 April 2010
Selling Your Home? Plan Your Marketing
How can I get the most $$$ "in my pocket" from the sale of my home? If you are like most folks "highest possible $$$ amount in your bank" is your goal when you are selling your home. How do you find buyers for your home? There are Read More...
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25 April 2010
BC HST: How it applies to homes
On July 1, 2010 HST - a combination of the 7% Provincial Sales Tax (“PST”) and the 5% federal Goods and Services Tax (“GST”) - will become effective. If you are thinking of buying or selling a home in British Columbia you are certainly Read More...
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24 April 2010
Buying Abbotsford Tax Sale Properties....
Someone called me last week and asked about properties being sold by City of Abbotsford because of tax deliquency. Here is some basic information for all of you who are curious about tax sales. The City is required by the Local Government Act to sell, Read More...
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18 April 2010
Calculating BC Property Transfer Tax
When you purchase real estate in British Columbia the amount of the Property Transfer Tax payable is 1% on the first $200,000 of the property's fair market value and 2% on the remaining fair market value. The tax is calculated on the selling price Read More...
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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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21 December 2009
You may need more down-payment next year.
Canadian Govt is considering plans to make it harder for Canadian to buy a home. Finance Minister Jim Flaherty says that conservatives in Ottawa may tighten mortgage eligibility rules to avert a possible housing bubble. The government and Bank of Canada Read More...
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11 November 2009
Court sides with consumers, home inspector ordered to pay for negligence
Last April it became mandatory for anyone offering house inspection services in BC to be licensed and this week a home inspector was ordered by a BC supreme court judge to pay nearly $200,000 in compensation to his client. The BC supreme court's decision 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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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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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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26 July 2009
Save water - show homes in dirty cars
A good excuse for driving around in dirty car: local reservoirs have dropped to “dangerously low” levels and the City of Abbotsford will ban lawn watering, vehicle washing and similar activities as of Tuesday July 28. The sprinkling restrictions Read More...
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26 July 2009
Changing Lockboxes - Supra to SentriLock
Fraser Valley real Estate Board will be changing lockbox suppliers to the REALTOR®-owned company Sentrilock. This change is scheduled to occur when the Board’s contract with the current supplier, GE Supra, expires this October. The Greater Vancouver Read More...
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