10 July 2008
Get 0 Down Mortgage & 40-Year Amortization While You Can
Starting Oct. 15, 2008 Canadians will no longer be able to purchase a home with a government-backed mortgage with a 40-year amortization and no down payment. The Finance Department said Wednesday it will no longer guarantee 40-year mortgages and will
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29 June 2008
No Slowdown Here!
Abbotsford will command the highest growth rate among 14 small and mid-sized cities across Canada this year according to a report released by the Conference Board of Canada . Abbotsford and Mission, which comprise the Abbotsford Census Metropolitian Area
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25 June 2008
Can I See Some ID Please?
Effective 23 June 2008, new federal laws and regulations dealing with money laundering and anti-terrorist financing will require real estate agents and brokers to collect and verify more personal information from buyers and sellers. Real estate agents
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24 June 2008
$3500 Grant To Make Homes Safer For Seniors
Under its Home Adaptations for Seniors' Independence (HASI) program CMHC helps homeowners and landlords pay for minor home modifications to extend the time low-income seniors can live in their own homes independently. Homeowners and landlords may
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10 June 2008
Prime Rate To Remain Unchanged
The "experts" were wrong, interest rate is not coming down. The Bank of Canada surprised the markets on Tuesday by holding its key interest rate steady at 3 percent and signaling an end to its rate-cutting cycle. The central bank announced today
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09 June 2008
Fully Forgivable Loan For Renovations
CMHC's RRAP - The Residential Rehabilitation Assistance Program — is to assist in the creation of affordable housing for low-income seniors and adults with a disability by providing financial assistance to convert/develop existing residential
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08 June 2008
Prime rate coming down again?
The Bank of Canada is expected to cut its overnight interest rate by 25 basis points next week. The Bank of Canada will make its interest rate announcement on Tuesday, June 10, 2008 . Most economists expect the target for the key overnight rate to be
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21 May 2008
Should You Test the Air in Your Home for Mold?
Molds are microscopic fungi That grow and reproduce rapidly. Mold can be harmful. It can damage and even ruin materials, such as paper, cardboard and fabrics. More importantly, mold can affect your health and your family’s health. Molds can cause
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21 May 2008
Discounted Mortgage Loan Insurance for Energy-Efficient Homes
For most people, the hardest part of buying a home — especially the first home — is saving the necessary down payment. Mortgage Loan Insurance helps you buy a house with little or no down payment. CMHC or Canada Mortgage and Housing Corporation
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09 May 2008
Property Taxes Are Coming
Its tax time again. Your property tax notices for 2008 will be coming this month. Payments and completed Home Owner Grant applications, if applicable, must be received by the City of Abbotsford by 5:00 PM on July 2. If you fail to pay your property tax
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24 April 2008
Just SOLD - Condo In Parkview Estates
The 3 bedroom condo in Parkview Estates that we listed last month is SOLD. This was one of the nicest units available for sale in that complex and it sold for above the asking price. (who says the market is slowing? ) This unit was listed on the MLS and
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24 April 2008
UFV
Finally its going to become reality, Fraser Valley is getting its own university. BC Premier Gorden Campbell was in town earlier this week to announce that University College of Fraser Valley (UCFV) will get a full university status by the end of this
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22 April 2008
Bank of Canada cuts interest rate, Prime @4.75%
As expected, The Bank of Canada slashed its key interest rate by half a percentage point and warned of softer economic growth this year. The central bank's key rate now stands at 3 per cent, a full 150 basis points lower than where it stood last fall.
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21 April 2008
Mortgages for the Self Employed
A lot of self employed people still think they can’t qualify for mortgages. Because Business For Self (BFS) clients usually have a lot of tax write offs, their Notice of Assessments (NOA) show a lower income than the salaried or hourly paid worker.
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20 April 2008
Prime rate dropping to 4.75%?
The Bank of Canada is widely expected to cut rates by 50bps on Tuesday to 3.00 percent, the lowest target rate since October 2005. Canada's annual inflation rate last month was the slowest since January 2007, as prices for automobiles dropped, giving
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