New CMHC mortgage insurance rules take effect July 1

2020-06-25T14:46:32-08:00June 22nd, 2020|Announcements|

In Canada, mortgage insurance is required for all home purchases involving down payments of less than 20 per cent. To curb demand from risky borrowers and to stabilize prices, the Canada Mortgage and Housing Corporation (CMHC) is introducing new rules that will make it tougher to qualify for coverage in their mortgage insurance plan. The [...]

FVREB elects 2017/2018 Board of Directors; Langley Broker receives top honour

2018-10-10T07:34:02-08:00February 23rd, 2017|Announcements|

SURREY, BC – The Fraser Valley Real Estate Board (FVREB) elected its new Board of Directors for 2017/2018 at its Annual General Meeting held on February 22. Gopal Sahota will replace outgoing President Charles Wiebe. Sahota is a licensed REALTOR® of over ten years, and is a representative of Sutton Group - West Coast Realty [...]

Fraser Valley REALTORS® donate $5,000 to Sources Rent Bank

2018-10-10T07:34:02-08:00November 30th, 2016|Announcements, Community|

SURREY, BC – Fraser Valley REALTORS® donated $5,000 to the Rent Bank, a Sources community program that assists low income renters from becoming homeless. “As Realtors we believe everyone deserves a home, so I’m proud that our board is able to help the Rent Bank with this donation,” said Charles Wiebe, President of the Fraser [...]

REALTORS® endorse plan to create charitable foundation to benefit Fraser Valley communities

2018-10-10T07:34:03-08:00September 27th, 2016|Announcements, Community|

SURREY, BC – On Monday, September 26, Fraser Valley REALTORS® voted in support of a plan that will transfer a valuable asset owned by their professional association, the Fraser Valley Real Estate Board (FVREB), into a new charitable foundation dedicated to helping those in need in the Fraser Valley. The asset is 3.5 acres of [...]

Fraser Valley sellers see deals collapse after new foreign tax announced

2018-10-10T07:34:03-08:00August 2nd, 2016|Announcements|

SURREY, BC – On July 28, the BC legislature passed Bill 28 – Miscellaneous Statutes (Housing Priorities Initiatives) Amendment Act, introducing an additional 15 per cent Property Transfer Tax intended to deter foreign investment into the Metro Vancouver region. The tax, which takes effect today on August 2 and is due when the sale is [...]

FVREB announces new 2016/2017 board; White Rock REALTOR® awarded top honour

2016-07-05T09:34:00-08:00February 25th, 2016|Announcements|

LANGLEY, BC – The Fraser Valley Real Estate Board (FVREB) elected its new Board of Directors for the 2016/2017 year at its Annual General Meeting held on February 24th. Charles Wiebe will replace outgoing President Jorda Maisey. Wiebe is a licensed REALTOR® of over twenty-five years, and is a representative of RE/MAX Little Oak Realty [...]

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