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  • 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 to a leaky condo loan program, saying a levy on new residential projects that funded it has ...
    Posted to Abbotsford Real Estate (Weblog) by 225687 on August 2, 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, we'll be paying a combined 12 per cent on most purchases. The biggest problem with the ...
    Posted to Abbotsford Real Estate (Weblog) by 225687 on August 1, 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 off the table for good. New rural ratepayers' association was formed in response to the ...
    Posted to Abbotsford Real Estate (Weblog) by 225687 on May 31, 2009