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January 2011 - Posts

15% minimum down payment?

I have heard a number clients, and news agencies saying that 15% is now the minimum down payment required to purchase a home, this is not the case. New mortgages continue to require a 5% down payment to be insured by CMHC. 15% is the required equity you

Open House in Grandin on Sunday

January 2011 Su Mo Tu We Th Fr Sa 26 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 Grandin, St. Albert - We invite everyone to visit our open house at 207-5 Gate Avenue on January 23 from
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Mortgage amortization down from 35 yrs to 30 yrs.

Jim Flaherty has again tightened mortgage rules, by shortening the the maximum amortization period from 35 to 30 yrs. The effect that this will have on the housing market is unsure, however it is my opinion that it may have little long term effects, short

Get information on the home you just drove by.

Have you ever driven by a home with a for sale sign and just wondered what the price was, or how many bedrooms it had? Well now I have the perfect solution. I have now added another tool to my clients tool box, A mobile version of my website www.davedryhomes.com

2011 housing forecast

The 2011 housing forecast was held this morning by the Realtors association. This year the presenters where all on the same page and optimistic for 2011. Just to set the stage a little lets take a look at where we are in the big scheme of things. If you

Open House in Grandin on Saturday

January 2011 Su Mo Tu We Th Fr Sa 26 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 Grandin, St. Albert - We invite everyone to visit our open house at 207-5 Gate Avenue on January 8 from 2:00
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January newsletter and December stats.

Market activity for the month of December 2010 November Change from October to November 2010 Change from November to December 2010 New Listings 1,811 -340 -15.8% 965 -846 -46% Active listings 7,005 -351 -4.7% 5,721 -1,284 -18.3% Sales 1,071 -28 -2.6%