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Is 30-year amortization for First-time Homebuyers helpful?

Starting August 1st,  30-year amortization for FTHBs for insured mortgages (less than 20%) will kick in. If you don’t know, 30-year amortization is available for uninsured mortgages only, or in other words if you put 20% or more down. Excited? Well, the devil is in the details First, CMHC has announced recently to increase its premium by 20 basis points. Again, if you dont know, if you...

‘The End’ of Single-Family Zoning in BC soon!

Earlier this week, BC Premier David Ebby has announced a proposed legislation to end the 'Outdated Zoning Bylaws'. This has created some noise, but this is not the first time he mentioned about the end of Single-Family Zoning. Actually, in early spring, Mr. David Ebby actually announced this proposal as part of Homes for People plan. Homes for People plan is the end of everything OUTDATED and...

Know your City – Bridgeview, Surrey

Bridgeview is one of the oldest areas of Surrey. It makes North West Boundary of Surrey. It falls under Whalley Town Center jurisdiction. Bridgeview is primarily known as an industrial area. The neighbourhood has a mix of industrial parks, warehouses, and transportation-related infrastructure. Scott Road Station is in the Bridgeview Area. The South Fraser Perimeter Road and Highway...

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