Often I am asked what is the best deal in the Fraser Valley.
Right now?
I'd have to say that you can’t beat new construction.
The HST had a negative impact on new construction and therefore there are many new and finished homes sitting, waiting for the past 3 months for a buyer. Many builders have reduced the prices to the point that they're effectively paying the HST for the buyer. Example: A home in East Abby in a desirable neighborhood sold in June (before the HST) for $564,000.
An identical home is on the market right now for $508,000 plus HST ($35,559).
That is over $21,000 less then the one for $ 564,000.
Where can you find the best deals? You can’t beat the Chilliwack market. You can buy a brand new home for under $425,000 and that will include the HST, appliances, blinds and more. I have not seen a more affordable market in the past 10 years.
On the Chilliwack homes that I mentioned, your monthly mortgage installments would be $1,615, providing that you have a 5% down payment. If you don’t have the down payment then talk to me I could help guide you in the right direction.
Take advantage of it! If you don’t know how, let me help you.
Tibor
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