Now that you’ve invested your money to buy your new home, we are committed to making it inexpensive and safe to live in. That’s why every one of our homes is built to the “Built Green BC” standard to give you a home that is not only super efficient, but also provides better air quality and more durability.

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Visit BuiltGreen BC to learn how this will save you money!

Congratulations to Trudy who won the Apple iPad at the Rainbow Hill grand opening last weekend.  I'm sure that she'll really enjoy it!  Our thanks to everyone else who visited and we hope that you win next time.

As a reminder, our stunning show suite is open every weekend from 1-4pm.  If you are looking for a premium town home with incredible views, you will definitely want to stop by.

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Today, Ben Bernanke from the US Federal Reserve announced that we will probably see record low interest rates for a very long time still - about a year and a half longer than previously planned.  Because Canada generally follows the US quite closely, this is pretty big news.

Click to learn more:

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Move to Homes at Hazelwood and enjoy a great bonus!  We went the extra mile and installed fibre optic cable right into every home for the fastest internet ever. Then, we worked with TELUS to offer a free year of superfast internet and TV service with a free PVR to every home buyer. There is no catch, just great TV and internet, free for a year - over a $1000 value.

Come see for yourself.  We are open every Saturday and Sunday from 1-4pm.

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Your Weekly Market Update from the Preferred Homes Team - The significant increase in activity that I talked about last week has been slow to turn up in the sales column for detached homes, but the opposite is true for the condo market.  Maybe condos sales are playing catch-up after a slow fall season?  In fact, the condo market has been so busy during the last couple of weeks that the available inventory has actually dropped instead of growing as it usually does at this time of the year.  I would expect that the new record low interest rates have a large role to play here as first time buyers enter the market!  If you are considering selling your condo, now may be a great time to get it on the market.

Am I worried about the pace of detached house sales?  Not so far.  The buyer activity that precedes an offer is there so we are confident that the sales will follow.  But, with inventory growing as well, sellers will need to offer a top notch and well priced product or they will be passed over in favour of a better deal.

Over the last 30 days, 135 single family houses were sold, down by 3 houses from last week.  The median price is down $8,000 to $536,500. The average house was on the market for 58 days.

In the same time period, 92 condos were sold, up by 11 condos from last week.  The median price is up $15,000 to $265,000. The average condo was on the market for 83 days.

There are now 1,508 houses for sale, up by 23 from last week.  Condo inventory has fallen by 8 to 829 suites.

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