TORONTO -- Prices for repeat sales of Canadian homes climbed for a second straight month in June on gains in four of six metropolitan areas, including Vancouver, a report on Wednesday showed.
The Teranet-National Bank National Composite House Price Index, which measures the rate of change of prices for repeat sales of single-family homes in six metropolitan areas, rose 1.5% in June.
"The turnaround ...
Posted by Constantine Isslamow
on August 26, 2009
OTTAWA -- Despite growing confidence that economic growth is in the offing, monetary policy around the world is likely to remain "ultra-accommodative," perhaps until 2011, as doubt remains as to whether or not the growth expected this quarter is sustainable, analysts say.
That is the view emerging following the weekend gathering of the world's leading central bankers in Jackson Hole, Wyo., highlighted ...
Posted by Constantine Isslamow
on August 25, 2009
Tip #18
PREPARING THE OFFER
It’s typical of the real estate industry, everyone wants to submit a lowball offer. Your first step is to bring buyers to the reality of your current marketplace. How do you do this?
Is it a buyers market or is it a sellers market?
Additionally, your other responsibility is to negotiate in the best interest of your buyer. Keep in mind, negotiating ...
Posted by Constantine Isslamow
on August 21, 2009
Canada's annual inflation rate hit a 56-year-low in July, when prices fell by 0.9 percent from a year earlier on sharply lower energy prices, Statistics Canada said on Wednesday.
Analysts had on average expected an annual decline of 0.8 percent. July's figure -- the lowest since the 1.4 percent drop recorded in July 1953 -- is far weaker than the Bank of Canada's target range of around 2 percent ...
Posted by Constantine Isslamow
on August 19, 2009
Effective August 05, 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 August 5, 2009
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
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
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
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
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