In the last eight years, the federal government implemented six rounds of changes to tighten the rules for new government-backed insured mortgages (Typically referred to as a CMHC insured mortgage)and contain the risks in the housing market. Here is a summary from CREA (Canadian Real Estate Association): 1. Effective October ...
Continue ReadingOne of the key factors to sustaining and even possible increasing values in the housing market are the number of active listings that are available. The simple graph illustrates the decline of the housing inventory here in the Abbotsford market. Ultimately, even though there may be fewer Buyers that can ...
Continue ReadingCalling all first time home buyers that have good credit and income but have not been able to save the minimum 5% down requirement to purchase a property. The BC Government has effectively relaunched a program that was running a number of years ago. The new program targets first time ...
Continue ReadingTen to fifteen years to graduation. As a parent, you want to do whatever you can for your kids. Right now a full course load at the University of the Fraser Valley is costing approximately $6000. So what do you do? As a very approximated calculation, and not taking into ...
Continue Reading#301 – 33664 Marshall Road, Abbotsford – A good friend of mine once said the best time to plant an Oak Tree was yesterday, the second best time was today. Now may be the time to start thinking about retirement. Super Clean, top floor unit that is close to UFV. ...
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