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New Canadian government mortgage rule changes! - 02/16/10 09:11 PM
So the canadian government came out today and made some changes to the qualifications of mortgages in canada. The following changes are what were passed. · Require that all borrowers meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term. · Lower the maximum amount Canadians can withdraw in refinancing their mortgages to 90 per cent from 95 per cent of the value of their homes. • Require a minimum down payment of 20 per cent for government-backed mortgage insurance on non-owner-occupied properties purchased for speculation. "There's no clear evidence of (1 comments)
Ottawa is looking at tougher rules for mortgage borrowers! - 02/12/10 11:04 AM
If your thinking of Buying or Selling Real Estate in Canada read this first! ottawa is considering new rules that would force banks to use tougher criteria to evaluate mortgage borrowers, a move to ensure that mortgage consumers aren't taking on more debt than they can handle when they mortgage and Buy their home. The key proposal under discussion would see the creation of new conditions the banks would have to follow when determining whether a customer can afford a mortgage, according to sources. Those rules would require banks to consider whether a person who takes out a variable-rate mortgage on (0 comments)
Olympic Flame Visits the Tri-Cities - 02/10/10 08:58 PM
Some 79 torch bearers will carry the Olympic flame in the Tri-Cities beginning in Belcarra, some of them will be local, like Kristi Blakeway a Charles Best teacher in the Tri-Cities who inspired her students to help homeless people and work in the Tri-Cities community, Belcarra resident George McRae who is a community volunteer, and Doug Alward, a marathon runner who supported Terry Fox during his legendary Marathon of Hope. Blakeway's leadership students will also be carrying the Olympic Torch tomorrow at Coquitlam's community celebration. They'll carry the flame from the Coquitlam celebration site at Mackin Park to Petro Canada on Brunette (1 comments)
Port Coquitlam Trail now open to public - 02/10/10 08:49 PM
The Traboulay Port Coquitlam Trail has come full circle, as has the relationship between Port Coquitlam and the Kwikwetlem First Nation. A portion of the 25-kilometre loop has been inaccessible since 2004, when the Kwikwetlem band closed off a dike through its reserve. This six-year closure prevented public access to a 1.5-kilometre section of the trail, as well as access by Port Coquitlam city crews to maintain the dike. But the gateway reopened at Port Coquitlams Monday night's council meeting when Chief Ron Giesbrecht and Mayor Greg Moore signed a three-year agreement to once again allow dike access, maintenance and repair. The public (0 comments)
Development freeze In Port Moody - 02/10/10 08:40 PM
Some representatives from the development community in Port Moody feel as though they've been locked out of the municipality in which they live. Those sentiments arose from a committee of the whole meeting held Saturday in Port Moody to discuss the evolution of the city's official community plan (OCP), which, among other things, sets out growth patterns and land use designations in Port Moody. Representatives from the Port Moody Waterfront Community Interest Group say their repeated calls for higher density have been met by "contradictions" and "a bit of insanity The group from Port Moody belongs to is comprised of area residents and (1 comments)
Olympic Rentals Are down In the Tri-Cities - 02/09/10 09:03 PM
Tri-Cities Rental listings on the Olympic-related website www.rentforthegames.com have elicited no interest from prospective renters, and the website's general manager said steep prices aren't the reason. "When I say there is no interest, it means there is zero demand for Olympic Rentals in the Tri-Cities," said Melanie Hajjar, general manager of the Vancouver-based rental service. "Lots of people have heard extremely bad stories about transit in the Tri-Cities-- how it's going to be fully packed and how it's going to be hard to get to downtown Vancouver, so most people are deciding to get places in downtown Vancouver so they can walk (0 comments)
Road Closures In Coquitlam! - 02/09/10 08:52 PM
Beginning Monday, Feb. 8, King Edward Street in Coquitlam will be closed for construction between Lougheed Highway and Woolridge Street until the spring of 2011. Access in Coquitlam to United Boulevard is from Lougheed Highway at Woolridge (near Ikea). Access to Woolridge businesses in Coquitlam will now be via Lougheed at Schoolhouse Street or Lougheed at Woolridge. The city of Coquitlam has asked motorists to note that left turns will neither be possible from Woolridge to King Edward or from King Edward to Woolridge. If you have any questions on these closures in Coquitlam give us a call! Doug or Sean 604-726-1023 Thinking (0 comments)
Lower Mainland Home Sales Are Going To Rise! - 02/09/10 03:21 PM
Lower Mainlands Real Estate housing market is on the rebound with resales expected to set a new annual record this year and homebuilding off to a strong start, according to two reports issued Monday. The Canadian Real Estate Association is forecasting that national home sales activity will reach 527,300 units this year, up 13.3 per cent from 2009. This would be a new annual record, up 1.2 per cent above the previous peak in 2007, CREA said Monday. Low interest rates and home buyers wishing to avoid the harmonized sales tax before it comes into effect in British Columbia will help fuel Lower (0 comments)
Spectacular family home in the heart of Pitt Meadows. Recent renovations include newer roof, laminate in the LR, DR & bedroom. Fresh paint, base moldings, updated bath & light fixtures. LR boasts vaulted ceiling, red stone fireplace, & floor to ceiling windows. Like to entertain? Step out your kitchen door & kick back w/family & friends on your 11x24 covered deck complete w/directional lighting, ceiling fan, gas BBQ, hook-up & outdoor speakers. Bring the inlaws! Downstairs has sep/entrance, 3 pc bath, fridge & wiring for a stove. In addition there (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.