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Refinancing Could Save You $1,000’s

November 18th, 2016
I know there are a lot of people out there that are pretty comfortable with their mortgage. The banks send you a renewal notice and it’s easy to just keep making the payments. Most people don’t even check the rate to make sure it’s competitive. The last renewal I had, the bank sent me a notice saying their ‘competitive’ rate was 4%. At the time, 3.19% was the going rate. I’m glad a checked! W ...
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Posted in Articles of Interest

October Stat Pack

November 6th, 2016
So earlier this month there was a big hoop-la (is that even a word?) about the new mortgage rules the feds implemented. If you haven’t heard, as of October 17th, people applying for a mortgage with less than 20% down will now have to qualify at the Bank of Canada’s posted rate. Currently that sits at 4.64% which is considerably higher than most of the big bank’s interest rates of under 2.5% f ...
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Posted in Stat Pack

What Goes In To A Market Evaluation?

October 14th, 2016
Have you ever wondered what goes in to a market evaluation on a residential property? I’m guessing probably not, but I’m here to break it down for you! Haha! For a proper evaluation, you need to compare apples to apples. The problem is that most homes are oranges to apples or pears to apples. First step is evaluating the subject property. Ideally, I like to visit the home. This way I can get ...
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Posted in Articles of Interest

September Stat Pack

October 7th, 2016
The light at the end of the tunnel??? Might be a little ambitious to think that, however, the detached segment has stabilized (somewhat). Flat for 2 months in a row? Let’s call that a win! It is the detached properties that have shown some resilience throughout this downturn so we shouldn’t be surprised that the value has held fairly well. Prices are down 3.29% year over year ($503,400). Sale ...
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Posted in Stat Pack

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