Breaking News
The Federal Government announced that starting on Dec. 15, the cap for insured mortgages will rise to $1.5 million from the existing $1 million. This will allow buyers to qualify for larger mortgages without putting 20 percent down payment. The government is also allowing insured mortgages up to 30-year amortization.
Very positive news for the real estate market and the new rules will have the largest impact on homes priced between $1 and $1.5 Million.
Did you know:
Faster, smoother travel will soon be coming to Langley, Abbotsford, and Chilliwack with the Fraser Valley corridor improvements.