Buyers only need 20% downpayment for Conventional Mortgage Home Financing- Amendment to the Bank Act!

The Bank Act was recently amended to allow banks to move from 75% to 80% maximum loan to value without requiring mortgage default insurance.
20% down now qualifies as Conventional Financing.............No CMHC or GE premiums
This good news for buyers!

Is this the year ???

As we're being reminded of the potential for a possible flood this year, you can check out for updates for Pitt Meadows at www.pittmeadow.bc.ca . As for Maple Ridge, not seeing anything on their website yet !Let's hope this won't happen, but be prepared uncase! Check out the website for the Provincial Emergency Program at www.pep.bc.ca. lots of useful information incase of a disaster.