206 17740 58A AVENUE, Cloverdale, BC

February 28th, 2020

I just finished uploading this Condo for sale, 206 17740 58A AVENUE, Cloverdale, BC

2 bed, 2 bath condo located in the heart of Cloverdale. This elegant and modern 1,100 square foot condos features new windows, counters, appliances, flooring, paint and more. Gas fireplace, in-floor heat and hot water are included in the monthly strata fee. This rain screened building is located just steps fr ...

Mortgage Stress Test Changes coming April 6/20

February 19th, 2020

The federal government is changing the stress test rate for insured mortgages starting April 6.

The government says the change will allow the rate to be more representative of the mortgage rates offered by lenders and more responsive to market conditions.

READ MORE: Iveson provides mortgage stress test relief ideas ahead of February report

The new minimum qualifying rate will be the gr ...

Are you adequately insured for your Strata Lot?

February 18th, 2020

February, 2020 - Many strata owners are facing significant increases in insurance rates and deductibles. There are also multiple older buildings across the province struggling to find an insurer to renew their policy.  

Potential buyers need to understand the insurance situation of strata units they’re looking at so they can make informed buying decisions.  

People who already own strata un ...

Why are Strata Insurance Rates so High?

February 5th, 2020

Strata owners in BC are facing insurance rate increases of between 50 and 300 per cent this year, according to the Condominium Home Owners Association of BC.

Deductibles to cover claims are also rising. In some cases, we’ve heard of deductibles increasing as much as $500,000.

Remember that insurance doesn’t cover claims under the deductible amount. So, for example, if a plumbing incident we ...