Just in time for the spring buying season the Province newspaper has published a public service announcement about the hottest lower mainland markets.
What do the experts say are the hottest markets in BC?
1. Surrey
2.Maple Ridge / Pitt Meadows
3.Fort St. John
4.Dawson Creek
Surrey seems to do quite well with REIN – they took the number one investment spot in the province last year and also in 2012, 2011, and 2010.
Have you bought your surrey home yet?
Hey, it’s that time of the week again!
Friday Free-for-all time!
This is when we do our regular end of the week news round up and open topic discussion thread for the weekend. Here are a few recent links to kick off the chat:
–Canadian house prices flatten
–Is it really non-mortgage debt?
–Surrey discovers murphy beds
–Zero % loans for suckers?
–HPI & Teranet Disconnect?
–Burnaby grows up
–Jim will intervene
–A major correction?
–
So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!
Imagine that you own a nice apartment.
It’s cozy and comfortable with good neighbours.
Then these people move in upstairs.
With more than 1,100 complaints dating back to 2006, the strata council of the development in the 15200-block of Guildford Drive went to court to force Jordison to sell. While Jordison and her son Jordy obeyed a court injunction to move out, she appealed a B.C. Supreme Court decision forcing her to put her unit on the market — which would be the first such sale in B.C.
Residents alleged the Jordisons contravened the strata bylaws with excessive noise, abusive language, threats and harassment. Jordison also refused to pay $20,000 in fines.
Emmi brought up an interesting question on this bit:
She had been about $8,000 in arrears on her strata fees but her mortgage holder, TD Bank, paid those fees and added it to her bill. The bank halted its foreclosure hearings on the property pending the outcome of the case.
So . . . if the fee doesn’t push the total owed over the original mortgage amount, does CMHC cover this whole new amount for the bank?