Dave Dry Edmonton Real Estate

TORONTO— The Canadian PressPublished Monday, Apr. 04, 2011 10:22AM EDTSeveral of Canada’s big banks are raising most of their fixed-term mortgage rates ahead of the busy spring real estate market. Toronto-Dominion Bank (TD-T85.29-0.85-0.99%) said the biggest increases will be for mortgages with terms of five to 10 years, which will ...

I know that property prices are declining however with low interest rates and declining prices why not buy now? My home has lost 10% in value I paid $300,000.00 and now its only worth $270,000.00 why would I take a $30,000.00 loss? My answer to that is: What used to be your $500,000.00 dream home is now only worth $450,000.00 a $50,000.00 ...