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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 3.45%.  Other banks and lenders are expected to follow suit in the next few ...
    Posted to Dave Dry (Weblog) by 677781 on February 7, 2012
  • February Newsletter

    DecemberChange from to November 2011 December 2011 January Change from toDecember 2011 January 2012New Listings1,085-715-39%2,4411,35655.5%Active listings5,316-1,272-19%5,30313-0.24%Sales827-257-23%881546.1%Average Sale price*House and Condo ...
    Posted to Dave Dry (Weblog) by 677781 on February 2, 2012
  • Mortgage rates at an all time low.

    Mortgage rates hit an all time low with BMO offering a five year fixed rate of 2.99% the lowest rate in modern Canadian history. TD and RBC followed suit by cutting their 4 year rates to 2.99%. Now here is where a good thing can go south quickly. These look like good deals however there are somethings to check out. Payment flexibility: are you ...
    Posted to Dave Dry (Weblog) by 677781 on January 17, 2012
  • 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 from all the presenters was that Real Estate is regional, some of what is being reported in ...
    Posted to Dave Dry (Weblog) by 677781 on January 11, 2012
  • January Newsletter and December stats

      November Change from  to October 2011 November 2011   Change from  to November 2011 December 2011 New Listings 1,800 -366 -16.8% 1,085 -715 -39% ...
    Posted to Dave Dry (Weblog) by 677781 on January 4, 2012
  • Behind the scenes on closing day

     Behind the scenes of closing day With all the market activity of late one of the most common quetions I have been asked is: what happens between the time I remove conditions (subject to's) and when I get my keys? So I thoufght I would post this article to answer some of these questions surrounding closing day. For more ...
    Posted to Dave Dry (Weblog) by 677781 on August 5, 2009
  • So where is the market going? Is this a typical year ?

     Firstly the economic crisis that has gripped the globe has undoubtedly had an effect on Edmonton, a city that is largely dependent on the oil sector. Layoffs due to expansion projects put on hold by the large oil companies primarily in the oil sands, and related industries where the first indicators of local trouble. As in any business ...
    Posted to Dave Dry (Weblog) by 677781 on March 28, 2009