Rate Drops, Standing Stones, Putting and a Corn Hedge

DLC West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

team@westcoastmortgages.ca
604-534-6504
http://www.westcoastmortgages.ca/

DLC West Coast Mortgages - Facebook DLC West Coast Mortgages - Twitter DLC West Coast Mortgages - Linkedin

Foreclosures List in BC

 

Abbotsford Houses
BC Northern Houses Single Family
BC Northern Houses with Acreage
BC Northern Condos and Townhouses
Chilliwack Houses
Chilliwack Condos and Townhouses
Cloverdale Houses
Cloverdale Condos and Townhouses
Coquitlam Houses
Ladner Houses
Langley Houses
Maple Ridge Houses
Mission Houses
Mission Condos and Townhouses
N. Delta Houses
N. Delta Condos and Townhouses
New Westminster Condos and Townhouses
North Surrey Houses
North Surrey Condos and Townhouses
North Vancouver Houses
North Vancouver Condos and Townhouses
Richmond Houses
Richmond Condos and Townhouses
South Surrey White Rock Houses
Sunshine Coast Houses
Surrey Houses
Surrey Condos and Townhouses
Tsawwassen Condos and Townhouses
Vancouver East Houses
Vancouver East Condos and Townhouses
Vancouver West Houses
Vancouver West Condos and Townhouses
West Vancouver Houses
Whistler Houses



Bank of Canada cuts key interest rate for third consecutive time

 

By Mike Le Couteur Senior Political Correspondent, CTV National News

The Bank of Canada has lowered its key interest rate by 25 basis points to 4.25 per cent.

It’s the third cut since June, and the first time the central bank has posted three consecutive reductions since the global financial crisis in 2009. Governor Tiff Macklem says if the economy continues to improve, Canadians can expect more rate cuts later this year. The next rate update is scheduled for Oct. 23. 

In remarks to reporters, Macklem said the Canadian economy grew by 2.1 per cent in the second quarter of this year. The gain, led by government spending and business investment, was slightly higher than the central bank’s July forecast.

Continue reading....



Residential Tenancy Regulation Update

 

This summer we told you about changes to the Residential Tenancy Act which would require a landlord to give tenants 4 months of notice to end tenancy on behalf of a new purchaser.  There was a lot of industry pushback and, after some reconsideration, the rules have changed again.  Effective August 21, 2024, landlords will need to offer 3 months of notice to end tenancy when the home is being sold and the dispute period is shorted to 21 days from 30 days.  

Having said this, should a landlord wish to take over the property themselves, 4 months of notice will still be required. Additionally, tenants who receive such notice will be entitled to 3 months of free rent.



The Standing Stones of Chilliwack

 

Each Summer we have a wonderful time inviting friends and family out to our Chilliwack home for some relaxing time on the river.  The clear, shallow water is a fabulous place to spend an afternoon watching ducks, catching minnows or stacking rocks. 

We have one particularly talented friend who always leaves us with many gravity defying standing rocks, pictured is his work this year. Sometimes they last well into the fall, but they went down early with all of the rain this August.    

Fortunately, we were able to capture a few pics before they fell! 



Tap Ins Putting Course With Mom and Dad

 

The summer is always busy at the river, and this year was no exception. Jamie's parents came from Saskatchewan for a visit in August and we had a marvelous time cooking big meals, sitting by the river and visiting with family. 

We also spent a morning at Tap-Ins Putting Course at Cultus Lake.  If you have never been, this expansive 18 hole putting course is perfect for all ages and the scenery is gorgeous!  

Check them out at https://tapins.ca/



When You Lose Your Cedar Hedges You...Plant Corn!

 

This Spring we were very sad to have to make the decision to remove the dying, 35 year old cedar hedges across the front of our property.  Not only did we lose privacy, but we are now torn about whether to plant new hedges in the fall or put up a fence. 

After the cedars were removed the front yard looked naked, so Michelle came up with a hilarious idea: Let's plant corn!  And so we did, much to our neighbour's chagrin, and here are the results.

Michelle then suggested that we open a corn stand called "The Hedge Fund" and sell the surplus from our garden.  She's just full of ideas... :) 

Corn, the most delicious (temporary) hedge! Maybe next year we'll go all out and build a corn maze in our front yard!  Ok, probably not, but we are still looking for the ideal hedge option.  Ideas are welcome!  



Newsletter not displaying properly? Click here to view on the web