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Posts tagged with: mortgage rates

The Market is Sizzling!

June 8, 2011 - Updated: July 6, 2011

One question I get asked most often is, “What do you think will happen this year?” We made it through a federal election and the wheels didn’t fall off the economy. This market had been going straight up for over 10 years now. When will it stop? Doesn’t look like it will be this year! There are 3 main conditions that will cause our market to remain strong while other areas seem to stagger. 

  1. Our inventory levels are very low and should remain low. We won’t have a huge influx of new listings or see anything close to other areas around the world as far as “distressed properties” coming on the market. Buyers won’t be able to sit back to pick and choose.
  2. Mortgage interest rates are very low and should remain low for quite some time. Although we may see marginal increases over the next while, home ownership will remain very affordable.

Our economy is very strong and seems to be improving. Canada is a shining star in the world economy.

Tagged with: mortgage rates hot market low inventory

Ring in a Fabulous 2011!!!

December 2, 2010

I think it’s finally here... winter that is.  Must break down now and switch all of my shoes and clothes, storing the summer capri’s and sandals.  I think I’ve been resisting pulling out the winter woolies.

I’m on the fourth book in the Harry Potter series, and still mesmerized with the story—highly recommend the books.  Did you know - Quidditch, which is the game played on broomsticks in the Harry Potter series, has been played by muggles internationally and the 4th annual Quidditch World Cup was just held in New York a few weeks ago?  Fascinating...

We’re going into the home stretch nearing the holidays, which seemed so far away and now oh so close!  Let it all begin: gift shopping, enjoying egg nog, baking, cooking, wrapping, visiting friends and family, enjoying egg nog, attending festive parties, watching favorite holiday   movies, listing to Christmas music, enjoying egg nog, stocking up on Yule logs, decorating, putting up and trimming the tree...by the way, did I mention egg nog?

In the housing market, the outlook for mortgage rates over the next year remains favorable.  Prime rate at time of printing is 3.00% with variable rate mortgages as low as Prime -  0.70%.  Speak to us about getting pre-approved to hold your rate if you are thinking of moving or know a buyer purchasing in the new year.

It’s only 5 weeks to 2011~ have you made any resolutions yet?  For myself, top of the list is to continue down the path of a healthier lifestyle which I’ve tried to maintain all year but only seriously kicked in around August (down 25lbs and counting!).  Whatever your focus is, make it important and make it a priority.

Stay tuned for our February 2011 newsletter and details of our upcoming contest.  In the meantime, have a great holiday season, ring in a fabulous New Year and stay safe!

 

 

Tagged with: real estate mortgage rates prime rate variable mortgage new year harry potter quidditch update

Bank Of Canada Keeps Interest Rates at One %

October 21, 2010 - Updated: October 21, 2010

Prime rate has remained unchanged ~ see link.

http://www2.mambonetcom.com//cgi-bin/public/redir.pl?cid=2678&rid=11686&id=362

 

Tagged with: prime rate interest rates mortgage rates house affordability economy economic outlook real estate market

Housing Bubble? Housing Balance!

August 31, 2010 - Updated: August 31, 2010

Despite some negative media reports, we find the housing market to be quite balanced. More homes expected to come on the market in the next 2 weeks for the fall season, and mortgage rates are still historically low. At time of posting by our mortgage broker extraordinaire ( Vince Tarantino, Dominion Lending), prime rate is 2.75% with variable rate mortgages from as low as prime - .65%. Cheers to a busy fall market!

Tagged with: market bubble news real estate market update mortgage rates mortgage broker

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Mary Nacarato & Mandy Coz Sales Representatives
RE/MAX Premier Inc., Brokerage Independently owned and operated
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