The S&P/TSX composite index has started the week Monday at its highest point of the year, up 66 points at opening bell. The benchmark is now up 19 per cent for the year and 41 per cent from the March 9th low.
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Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on July 27, 2009
The Canadian dollar has been trading at its highest level since October 2008. It was trading at 92.76 cents (U.S.) early Monday morning.
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Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on July 27, 2009
If you're like most Canadians, your home is probably the most important investment you will ever make. But how do you know if you are financially ready for all the responsibilities that come with homeownership?
To help you avoid any unpleasant surprises, Canada Mortgage and Housing Corporation (CMHC) offers the following tips on how to assess your current financial situation, calculate your monthly ...
Posted by Constantine Isslamow
on July 25, 2009
A survey on renovation and home purchases by the Canadian Mortgage and Housing Corporation that included ten major cities found 1.7 million households completed renovations costing a total of $21.3 billion during 2008. Renovations came to an average of $12,600 per home. More than half of the renovations were undertaken in order to update, add value, or prepare to sell the home.
Top Renovations ...
Posted by Constantine Isslamow
on July 25, 2009
According to a recent survey by CMHC, almost half (49%) of people planning to buy a home in 2009 are first-time buyers compared to a little over third (36%) of buyers in 2008. This illustrates a significant emergence of first-time buyers who can take advantage of the First-Time Home Buyer Tax Credit in the Economic Action Plan. The study found most first-time buyers fall between the ages of 25 ...
Posted by Constantine Isslamow
on July 25, 2009
Tax rates multiplied by current value assessment equals tax on assessment.
Property Class/Subclass(C1)
Municipal Tax Rate(C2)
Education Tax Rate(C3)
Total Tax Rate(C4)
ResidentialRTEP, RTES, RTFP, RTFS, NTEP, NTES
1.2128320%
0.2520000%
1.4648320%
Multi-ResidentialMTFP, MTFS, MTEP, MTES
2.4391260%
0.2520000%
2.6911260%
CommercialCTN, ...
Posted by Constantine Isslamow
on July 24, 2009
Canada's central bank predicted Thursday that the economy would expand this quarter, suggesting the economic contraction lasted for about nine months, considerably shorter than the previous two recessions in the early 1990s and the early 1980s.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on July 24, 2009
No surprise with The Bank of Canada rate today as they have left its key overnight interest rate at 0.25%.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on July 21, 2009
Effective July 20, 2009
GET THE MORTGAGE THAT MEETS YOUR NEEDS
With unbiased advice, fast, flexible service, competitive rates, and access to many lending sources, I can make sure you get the mortgage that meets YOUR needs. Call me today and SAVE!
Posted Rate %
Best Rate %
1-year
...
Posted by Constantine Isslamow
on July 20, 2009
Average House Prices by City
May 2009
May 2008
May 2007
Yellowknife
$337,577
$331,939
$316,443
Vancouver
$583,674
$624,639
$591,722
Victoria
$482,119
$514,100
$560,574
Edmonton
$326,332
$340,499
$357,839
Calgary
$382,632
$418,881
$429,298
Saskatoon
$279,477
$301,527
$233,917
Regina
$263,424
$235,458
$162,532
Toronto
$395,609
$398,148
$382,689
Hamilton-Burlington
$297,132
$293,927
$279,496
Ottawa-Carleton
$312,927
$296,580
$276,379
Quebec ...
Posted by Constantine Isslamow
on July 17, 2009