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Blog by Linda M Linfoot

Surrey BC- Secondary Suites

July 27th, 2010

A suite built above the garage of a South Surrey home.

METRO VANCOUVER - After decades of debate, Surrey has decided to permit homeowners to have one secondary suite in all single-family homes in the city, following an Ipsos Reid telephone poll in which 63 per cent of those surveyed supported the idea.

The move, which received unanimous approval at city council Monday night, brings Surrey’s ...

Prime Rate Increase

July 20th, 2010

Bank of Canada Hikes Key Interest Rate Today

The Bank of Canada hiked its key interest rate by a quarter point today, for the second month in a row. 

In its statement the Bank noted that it “expects the economic recovery in Canada to be more gradual than it had projected in…April, with growth of 3.5 per cent in 2010, 2.9 per cent in 2011, and 2.2 per cent in 2012. This revision reflects a ...

It's a Buyer's Market!!

July 8th, 2010

Real estate broker predicts lower home prices on the way

By LuAnn LaSalle The Canadian Press

MONTREAL — Home buyers can expect more choice and lower prices in the second half of 2010, while sellers can expect fewer offers for their homes, says one of Canada’s leading real estate brokers.

“Accurate pricing is going to be really key,” said Phil Soper, president and chief executive of Royal L ...

New Home Energy Efficiency

July 5th, 2010
New Home Energy Efficiency:
Today’s home builders offer a wide variety of energy efficient options. These range from certified Built Green or R2000 finished homes, to individual features such as high efficiency heating systems, upgraded insulation and ENERGY STAR appliances. Whether you’re building or buying a new home, ask your builder about the following energy efficiency features: High Effi ...

Owning a Home During a Separation

July 5th, 2010

We all know that marriage isn’t always forever. And when a separation occurs, a home is often involved. Since most couples have a joint mortgage – one where both names are on the mortgage and title of the home – when separation or divorce proceedings occur, many wonder what will happen with the home.

When the marriage comes to an end, there are two obvious options concerning the home ...

Rental Suite Could Be a Nigthmare!!

July 5th, 2010

Rental suite can help you pay off that mortgage but 'it could be a nightmare'

Malcolm Morrison, The Canadian Press

TORONTO - Buying a house with a rental suite can be just the ticket to help you pay off your mortgage years earlier than it might have otherwise been possible.

But landlord beware: there are potential problems connected with getting financing, getting rid of tenants you really ...