Newsworthy

Federal Government Changes Mortgage Insurance Rules

The federal government announced regulation changes for new government-backed insured mortgages today. Effective October 17, 2016, insured home buyers will have to qualify at the posted five-year qualifying rate. Previously, only variable rate mortgages and mortgages with terms less than five years were subject to a higher qualifying rate. The qualifying rate is updated weekly and…

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Fraser Valley Inventory Reaches Highest Level in 2016 as sales settle for fall season

SURREY, BC – September housing sales in the Fraser Valley continued to slow throughout September, dropping below the ten-year sales average for the month for the first time this year. “What we’re experiencing is an environment where the summer sizzle has ceased, and demand is producing numbers in-line with what we’ve seen historically. It seems…

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