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Banks rolling back mortgage discounts

The banks have started to roll back interest rates. RBC has raised its five year rate to 3.39% from 2.99% early, this promotional rate was initially intended to end February 29. BMO has also increased its rates on 5 year closed mortgages from 2.99% to

Why it’s a good time to buy a home

This is an interesting article and makes some good points and sense. I agree that if you are thinking of buying a home there may well not be a better time, with oil prices around $100 per barrel and stable the Alberta economy is expected to lead Canadian

2012 Edmonton Realtors housing forecast

Today I attended the 2012 version of the Realtors Housing forecast. This is an event hosted by the Realtors association of Edmonton where a number of presenters recap the previous year, but more importantly look to the year ahead. The resounding message

Edmonton's 10 most expensive properties

Have you ever wondered how much Edmontons most expensive properties are listed for? Here they are the 10 most expensive properties listed in Edmonton on December 19 2011. 11 - $2,000,000 10 - $2,150,000 9 - $2,150,000 8 - $2,499,900 7 - $2,790,000 6 -

Stats graphs to Nov 30 2011

Click twice on graphs to enlarge. In ratio carts December shows 0% as these stats have not yet been compiled. Making your Real Estate needs my priority Dave Dry Realtor, Re/Max Real Estate Website: www.davedry.com Blog: blog.davedry.com Office: (780)

Re/Max 2012 housing outlook

Kelowna, BC (December 6, 2011) ; Canadian residential real estate defied conventional logic and outperformed expectations in 2011, posting another solid year of housing activity virtually across the board. The trend is expected to carry forward into 2012

December Newsletter and November Stats.

Market activity for the month of November 2011 October Change from to September 2011 October 2011 November Change from to October 2011 November 2011 New Listings 2,166 -419 -16.2% 1,800 -366 -16.8% Active listings 7,296 -766 -9.5% 6,588 -708 -9.7% Sales

R.B.C. Housing trends and affordability 2011

R.B.C. This week came out with their housing trends and afford ability report for 2011. It puts Alberta as the most affordable place in Canada to own a home. R.B.C has compiled statistics from across the country and created a comprehensive document. If

Condo Buyers Guide

Should I Buy a Condo? As single family home prices have risen, many consumers have been looking to condominiums as an alternative. First time buyers like the lower prices, which makes entry into the real estate ownership market easier. Seniors like the

September newsletter and Stats.

Market activity for the month of August 2011 July Change from June 2011 to July 2011 August Change from July 2011 to August 2011 New Listings 3,038 -222 -6.8% 1,897 -1,141 -37.5% Active listings 8,421 -11 -0.1% 8,343 -78 -0.9% Sales 1,441 -327 -18% 1,507

Unique recreation property - Open house Sunday September 4

Please join us from 12-4 pm on Sunday September 4, come and admire this ideal getaway from city stress. Ideal for the whole family and friends. Very unique, with 7 individual and private camp sites and a large open area with fire pit and large tent for

New U.S. property tax rules hit home

By Paul Delean, Postmedia News August 30, 2011 MONTREAL - A strong loonie and depressed U.S. real-estate prices have led to a buying binge by Canadians south of the border. We're now the largest non-American buyers of U.S. real estate. Many purchasers,

Stock markets down what does this mean?

Since the beginning of the week we have seen stock markets falling, how will this affect the housing market in Edmonton? Stock markets are the indicator of confidence in the economy. Investors have, in the last week sold in response primarily to the degrading

Aug newsletter and July stats

Change from to May 2011 June 2011 July Change from to June 2011 July 2011 New Listings 3,260 -266 -7.5% 3,038 -222 -6.8% Active listings 8,432 +252 +2.9% 8,421 -11 -0.1% Sales 1,768 -89 -4.7% 1,441 -327 -18% Average Sale price *House and Condo sales $305,631

Higher borrowing costs on horizon

Below is an article taken from the Globe and mail today. It spells out the end to Canada's record low interest rates. The cost of borrowing in the next year is expected to increase, in order to try and slow inflation. This would mean higher mortgage
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