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interest rates: Thinking of buying or selling in 2010? - Maybe I can help! - 02/11/10 12:48 PM
We are now full steam into 2010 and many people are beginning to think about buying or selling real estate. As you are making your plans, please consider the following points.
1. Interest rates are on the rise
Home buying has continued its hot streak from 2009 into 2010. Interest rates remain low and continue to pull buyers into the market. The threat of rising interest rates in July will have people rushing to get into new homes before the rates start to move.
2. HST will be introduced this July
While the tax will hit those who buy newly constructed … (0 comments)
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interest rates: 2009: A Record Year for Real Estate - 01/22/10 02:05 PM
Last year ended stronger than expected for Canadian real estate and shed some hope for the industry and the Canadian economy as a whole. Many in the real estate industry predicted that 2009 would continue to post a decline in both units sold and average prices. MLS sales for 2009, however, were reported at approximately 465,000 which represents a 7% increase over 2008 and the average housing price was listed at $315,000 representing a 4% increase. This may seem small, but it is not insignificant. Coming out of this global economic downturn, Canada has posted the highest average housing prices of … (0 comments)
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interest rates: Canadian Real Estate Continues to Recover - 01/22/10 02:01 PM
Exceptionally low interest rates, government incentives (rebates, tax breaks and RRSP contributions), the looming HST and a renewed consumer confidence puts Canada as the world leader when it comes to the recovery of the global real estate market.
In a recent report on Global Real Estate Trends written by Adrienne Warren of Scotiabank, Canada is leading the way in the global real estate recovery with positive growth in housing starts, housing sales and average prices. Prices in Canada remain strong due to the increased demand for housing, coupled with low levels of housing inventory. First time buyers are out in full … (0 comments)
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interest rates: Interest Rate Watch – May 15, 2009 - 05/15/09 08:34 AM
Term Rate
6 Months 4.25%
1 Year 2.90%
2 Years 2.85%
3 Years 3.05%
4 Years 3.59%
5 Years 3.59%
7 Years 4.95%
10 Years 5.05%
Prime 2.25%
Variable 2.85%
Let me help save you money! Send me your email address or give me a call and I’ll send you periodical interest rate updates, along with any other market information you may be interested in.
Buyers and sellers can find everything they need to make the most informed choices … (0 comments)
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interest rates: Let me top up your downpayment! - 04/09/09 01:29 PM
Wanting to buy, but just don’t have 5% for the downpayment, just ask your bank for a Cashback!
Since the banks have got rid of 100% financing, there are now other alternatives to anyone who does not have a full cash downpayment. For a slightly higher interest rate (still extremely low), your bank is willing to top up your downpayment so you can reach the minimum 5% amount.
Here are a few examples of 5 year terms with cashbacks:
1) Scotiabank is offering a 5% cashback with a rate of 5.45%
2) TD is offering a 4% cashback with a rate … (2 comments)
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interest rates: 78 percent of first time buyers recognize the time is NOW! - 04/01/09 05:57 PM
A new survey has found that 78 percent of potential first-time home buyers say that now is a good time to buy a home, despite widespread concern about the economy. Out of the 1,000 prospective first-time home buyers surveyed in early March for the CENTURY 21 First-Time Home Buyer Survey, 68 percent think now is a better time to buy than six months ago.
Prices are the driving motivation for potential first-time home buyers with more than eight of 10 first-time home buyers (85 percent) saying they consider current home prices affordable and 73 percent citing that taking advantage of … (0 comments)
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interest rates: Interest Rate Watch – March 28, 2009 - 03/28/09 12:36 PM
Term Rate
6 months 5.20%
1 Year 3.25%
2 Year 3.79%
3 Year 3.90%
4 Year 3.94%
5 Year 3.99%
7 Year 4.95%
10 Year 5.25%
Prime 2.5%
Variable 3.30%
Let me help you save money! Send me your email address or give me a call and I’ll send you periodical interest rate updates, along with any other market information you may be interested in.
Buyers and sellers can find everything they need to make the most informed choices on properties in Burlington or Oakville by calling 905-220-9198 or by visiting my real estate resource centre at www.seansells.ca.
… (0 comments)
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interest rates: The Hint of Spring Sparks Renewed Interest in Real Estate. - 03/27/09 11:01 AM
House prices continued to slide across Canada in February compared to the same time last year, but activity was up for the first time since September.
The Canadian Real Estate Association said Monday that resale home prices fell 9.2 per cent across Canada last month to an average of $281,972. CREA, also said the number of homes that traded hands on the MLS was up 8.6 per cent. "The first monthly increase in activity since September 2008."
CREA president Calvin Lindberg said the market typically picks up in February and into the spring, but that this year buyers are being … (2 comments)
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interest rates: Interest Rate Watch - How Low Can They Go? - 03/21/09 10:03 AM
Interest Rate Watch - March 21
Term Rate
6 Months 5.00%
1 Year 3.25%
2 Year 3.79%
3 Year 3.99%
4 Year 3.94%
5 Year 3.99%
7 Year 4.95%
10 Year 5.25%
Prime 2.5%
Variable 3.30%
Let me help you save money! Send me your email address or give me a call and I’ll send you periodical interest rate updates, along with any other market information you may be interested in.
Buyers and sellers can find everything they need to make the most informed choices on properties in Burlington or Oakville by calling 905-220-9198 or by visiting my real estate … (0 comments)
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Sean Kavanagh
Burlington,
ON
More about me…
Century 21 Miller
Office Phone: (905) 845-9180
Cell Phone: (905) 220-9198
Email Me
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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