Thursday, July 5, 2012
Real Estate News
CADREB: Chilliwack still a buyer's market
Released by Steve Lerigny, CADREB
hile news of cutting back the maximum allowable years for the duration of a mortgage hit hard in the more volatile housing markets in the metropolitan areas, Chilliwack's stable and more affordable housing market will continue to win out.
That, according to Chilliwack and District Real Estate Board President
Cynthia Admiraal, who says that although reducing the maximum years of
amortization from 30 to 25 years will admittedly make it more difficult for
some potential homeowners to qualify, it will not have the impact that will
be felt in areas to the west.
remains a buyer's market," said Ms. Admiraal. "More than ever, it is
important to work with your REALTORR to ensure that if you are selling, you
listen to his/her advice about pricing your home right for current market
conditions and that you present it in the best possible light".
For more information, visit www.cadreb.com
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