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money: Home Values To Fall – Vancouver - 07/22/11 07:48 PM
Are house prices in Canada on the decline?
TD thinks so…
Or at least a “moderate correction”
The average price of a resale home in Canada will fall by more than 10 per cent over the next couple of years, an analysis by TD Economics predicted Wednesday.
Calling it a “moderate correction,” the report’s authors also say sales will decline by more than 15 per cent over the same period.
“A combination of more subdued job and household income growth, rising interest rates, the recent tightening in borrowing rules for insured mortgages and fewer first time home buyers are expected to … (0 comments)

money: Bandaging over the bandages - 05/08/07 06:56 PM
Bandaging over the bandages  
When a realtor called on Monday and said, "We have an emergency," I knew I should have followed my gut instinct and declined his referral. Instead, I took a quick sip of my coffee and hoped that the realtor was exaggerating. Bad news. The coffee was cold and the realtor was anything but overdramatic.
The client had removed conditions based on bank approval that, unbeknownst to her, were subject to the sale of her condo. Basically, she didn't realize that in order to qualify for the mortgage on her new house, she first had to sell her … (1 comments)

 
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Mark Fidgett

Vancouver, BC

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Mark Fidgett - www.NotaPennyDown.com

Address: 1530 7 Avenue West, Cancouver, BC, V6J 1S3

Office Phone: (604) 273-2002

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