For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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3 bed 2 bath rancher located in a quiet neighbourhood, across from parkland and offering easy access to local amenities, schools, shopping, & the highway. This 7900 sq foot lot recently has received Preliminary Layout Approval for the construction of a duplex. With the Housing Supply Act soon to be introduced, this could potentially be a 4 unit development.
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.