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It is interesting to read that more than $460 million has been approved by the Homeowner Protection Office (HPO) for no-interest leaky condo loans from the launch of the program to date.

The Tri-City News June 21, 2008

Since only about 20% of victims pass the HPO means-test for a no-interest loan, and there have been 13,226 loans approved, this means that over 66,000 families in BC have already been directly affected by builder fraud.

It also means that the direct costs to BC families for the various types of fixes, many inadequate, have exceeded a staggering $2.3 billion to date; read again, $2.3 billion to date.

read more here [...]

John in Port Moody

 
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Real Estate Agent: John Grasty (Prudential Sterling Realty)
John Grasty
Coquitlam, BC
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Prudential Sterling Realty

Office Phone: (604) 421-1010
Cell Phone: (778) 878-0778
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...skilled writing about an unimportant subject, or is that unskilled writing about an important subject? Well I don't know so as things unfold please judge for yourself... ...don't forget to leave a comment, and thanks for visiting. John Grasty is a REALTOR® serving the Tri-Cities (Coquitlam - Port Coquitlam - Port Moody) real estate market. Please check out John's website: http://www.johngrasty.ca


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