If you haven't has a chance to review the numbers for last year and the forecast for 2009 please have a read throught the attached report from CMHC. It is all frank, third-party information. Warm regards, Chris -- Christopher Bisson The Mortgage Centre PS. Sign up for the Pulse Real Estate Conference by going to www.mortgageconcierge.ca/pulse It is a free event with great speakers lined up!
On Friday February 27th, 2009, the Guelph Tribune published a story titled “High rises welcome, but not to live in, says survey” The article further states “Local residents favour building more apartments, condos and townhouses than single family houses in Guelph to protect the city’s green space, but they don’t necessarily want to live in this kind of housing.” The article is centred around an Ipsos Reid poll which surveyed 500 city residents by telephone where it was found that ...
The big news this week was that The Bank of Canada dropped its rate another half a percent, which led the banks to drop their Prime Rates to 2.5%. Anyone with a Variable Rate Mortgage (VRM) is smiling right now, especially those whose mortgage was funded prior to August 2008. Those people have mortgage rates below the Prime Rate, some of them as low as 1.5%. While that news is important enough, we thought it would be worth while discussing a phenomena that seems to be happening more and more often: ...
Indoor air quality is important for many reasons. We spend a good amount of time, including the time that we are asleep, in our homes. Poor air quality can aggravate asthma and other lung conditions, particularly in the very young and the elderly. In a worse case scenario, poor air quality that is the result of a home with little ventilation heated with a combustible heat source can lead to death by carbon monoxide poisoning. In addition to the health concerns that can occur because ...
As a customer of ours or someone who is connected to the real estate market, you may have read the recent MacLean’s article that professed a lot of doom and gloom. If you would like to access the article please go to http://blog.macleans.ca/2009/02/23/t...-of-your-home/ and have a read. The reason why articles like this are (in many an opinion) poor journalism, is that they focus on a few examples to make their case, and they profess it to be the forecast ...
We just wanted to bring to your attention provisions (ie. tax measures) that may benefit you as a Homeowner or Buyer that are included in Canada's new Economic Action Plan: Support for home renovations; For a limited time, the new Home Renovation Tax Credit means homeowners could receive up to $1350 in tax relief on renovation expenses. Support for first time buyers; An increase to $25,000 in the amount you can withdraw from your RRSP under ...
We have now compiled the Guelph Real Estate stats for January 2009. As in previous posts we are all eagerly waiting for the results from the first quarter sales statistics to come out so we can obtain a clearer picture as to what effect the current economic climate has had on Guelph Real Estate. When we analyze the numbers for January it is clear that the inventory of homes for sale this January 09’ is up considerably from last January 08’ and unit sales are down. According to these ...
Last week’s Rate Watch described how people can still accomplish a “zero down” purchase of a home using non-traditional sources such as loans and cash-back mortgages (among others). Did you know that the same rules apply when buying a rental property? What’s more is that you can also purchase a rental property with as little as 5% down. Many people have difficulty saving money for their down payments but would rather invest in real estate over other investment categories. With the ...
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