New Home Buyers, HST,Campbell River Stats & Interest Rates

Campbell River Stat Reports for Sept, 2010 To view these reports click here:

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Weekly interest rate sheet: Interest Rates click here:

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Definitions for new home buyers:

FICom = Financial Instutions Commission: This government institution makes sure the Warranty is protected for our clients.
http://www.fic.gov.bc.ca

Important information for Owner - Builders
Owner- Builders Document click here:

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1 - 5 -10 Year Home Warranty Insurance:
This is the insurance coverage you receive from the builder.

• 2 year warranty on Labour and Materials
• 5 year warranty on Building envelope, including water penetration
• 10 year warranty on Structure
  
  * (note - these warranties are not as clear cut as the 2-5-10 year implies. Please make sure to have your realtor or legal advisor go over the policy.)
  
  Home Protection Office http://hpo.bc.ca
  
  For a copy of Home Warranty Document click here:

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  Defect vs. Workmanship:
  Defect is a breach (no longer in working order) - Cabinets falling off the wall
  Workmanship is simply shoddy work - Cabinets hung crooked on the wall

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  HST - How it Affects your Home Purchase:
  For a copy of HST Document click here:
  
  

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