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The BC Provincial Government today announced that they would be ending the no interest loan program for condo owners who where faced with large special assessments for major building repairs. The program was started to make sure that those who needed financial aid to cover the cost of repairs, were able have the cost paid down over a longer period of time. The program was open to condos built before...
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Concord Pacific's latest development that was slated to officially go on sale this September, was pushed up to last weekend. Apparently they had 450 people lay down $500 deposits, so starting last Thursday, they started writing offers. Everything went so well, that by the end of last weekend, they were sold out.

To me, the prices looked like a good deal at first glance, but once you added the "premium"...

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The competition out there for properties in the $375,000 - $450,000 continues to be fierce. The "perfect storm" of low supply, low interest rates, and a lot of first time home buyers, has lead to frequent multiple offer situations. What makes matters worse for those potential buyers, is the fact that most of the 90 day, sub 4% rate holds will be expiring between the end of August and the end of September....

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