As the economy begins to creep out of its economic rut, the market has begun to speculate on when interest rates will rise. The Bank of Canada pledged in April to hold interest rates at 0.25% until the end of June, 2010. The move was designed to ease credit pressures on financial institutions and consumers as the recession intensified. However, the pledge -- an unconventional monetary policy tool used ...
Posted by Constantine Isslamow
on August 5, 2009
2009
Listings
Sales
Sales/Listings Ratio
Average Sale Price
Area
Month
YTD
Month
YTD
Month
YTD
Month
12 Month
1UHTS,1NORT,1CENT,1SOUT
34
237
28
166
82%
70%
$238,018
$220,847
2NORT,2CENT,2SOUT
42
308
45 ...
Posted by Constantine Isslamow
on August 4, 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)
Residential RTEP, RTES, RTFP, RTFS, NTEP, NTES
1.2128320%
0.2520000%
1.4648320%
Multi-Residential MTFP, MTFS, MTEP, MTES
2.4391260%
0.2520000% ...
Posted by Constantine Isslamow
on July 24, 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 ...
Posted by Constantine Isslamow
on July 17, 2009
Average House Prices by Province
May 2009
May 2008
May 2007
National
$319,757
$318,761
$314,258
Yukon
$309,039
$304,871
$258,731
Northwest Territories
$337,577
$331,939
$316,443
British Columbia
$465,139
$477,448
$454,962
Alberta
$339,296 ...
Posted by Constantine Isslamow
on July 17, 2009
Canada's annual inflation rate slid below zero in June, falling to minus 0.3 per cent from 0.1 per cent in May. It's the first time the rate fell to below zero since 1994.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on July 17, 2009