28 June 2009
The annual blueberry cannon debate is on again
Yes, its happens every year. Local newpapers (and sometimes The Province and Vancouver Sun) will publish stories about the propane-fuelled bird scare devices or "blueberry cannons" as we call them. Then a chain reaction of letters to the editor 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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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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11 June 2009
Full disclosure is critical component in pre-sales agreements
The Supreme Court of British Columbia allowed one buyer to abandon his pre-sale contract because of an incomplete disclosure statement by the developer. The BC Supreme Court Judge Lynn Smith in her judgment ruled that buyers had the right to rescind their Read More...
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11 June 2009
Claim Your Homeowner Grant Before July 2nd
Property taxes notices are here and due date is coming soon. If you are eligible for the Home Owner Grant you must apply for it by the due date. If you are a permanent resident of the Province you qualify for the basic homeowner grant on your principal Read More...
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04 June 2009
Interest rate unchanged
The Bank of Canada kept its key lending rate at a historic low. The decision to leave borrowing rates unchanged came as no surprise because the central bank said in April it would leave the overnight rate at 0.25 per cent until the middle of next year, Read More...
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31 May 2009
Drainage user fee plans halted
The tax proposed to help generate $850,000 to improve drainage services in rural upland areas of Abbotsford is on hold for this year at least. A group of rural Abbotsford residents are work with the city to get a proposed rural upland drainage fee taken Read More...
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04 May 2009
Cash for toilets, just don't flush it
The City of Abbotsford and the District of Mission have teamed up to offer a rebate of $50 for each toilet replacement when a new ultra-low flow model is installed in your home. It's all part of a program to make bathroom renovations more environmentally-friendly. Read More...
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21 April 2009
Prime Rate Hits Lowest Level in History
The Bank of Canada cut its key lending rate to another record low today. The target rate for overnight loans between commercial banks is reduced to 0.25 percent, the lowest since Canada's central bank was founded in 1934 and the lowest it can go. 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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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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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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21 October 2008
Prime Drops To 4%
"Experts" were wrong. Prime rate is down at 4%. TD Canada Trust was the first of big Canadian banks to move on interest rates this afternoon when it announced that it has lowered its prime lending rate by 35 basis points to 4%, effective Oct. Read More...
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