Mortgage rates are expected to remain within 25 to 75 basis points of their current level for the remainder of 2009 according to CMHC's second quarter Housing Market Outlook, keeping them very low in a historical context. Rates are expected to remain steady this year and edge higher in 2010.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on June 27, 2009
The Canadian Real Estate Association (CREA) reported an 11.2 per cent increase in existing home sales from March to April, making the third monthly rise in sales in a row.
With the recent release of sales numbers, the CREA revised its previous forecast for the housing market, saying sales will come in at 370,500 for 2009 instead of 360,900.
I continue to see more activity in the lower end ...
Posted by Constantine Isslamow
on June 27, 2009
The U.S. Federal Reserve says the recession is easing, but economic weakness will keep lid on inflation; key bank lending rates unchanged at zero to 0.25 per cent.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on June 24, 2009
With the summer selling season now here, what can sellers do to maximize the chances of selling their home in a challenging market?
Hiring a qualified real estate agent and setting the right listing price are the first steps to selling your home quickly. But there are other things you can do to help differentiate your home from the competition and attract potential buyers.
Curb appeal. You don't ...
Posted by Constantine Isslamow
on June 18, 2009
Survey results show that during the past twelve months about one-quarter of all mortgage transactions were arranged through the mortgage broker channel. Most notably, broker share among first-time buyers has increased to 44%, up from 35% in 2007. Among other market segments broker share has remained stable. In particular, broker share among those renewing their mortgage continues be relatively stable ...
Posted by Constantine Isslamow
on June 18, 2009
Canada's annual inflation rate dipped to 0.1 per cent in May from 0.4 per cent in April, according to Statistics Canada.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on June 18, 2009
FOR IMMEDIATE RELEASE: ...
Posted by Constantine Isslamow
on June 16, 2009
The chart below shows the average interest rate for the month of June each year since 1951.
The average of all these rates is 9.08% up to 2008. (shown in last column) 2009 is not included in the chart
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Source: First National
Posted by Constantine Isslamow
on June 16, 2009
According to the NAR 2008 Profile of Home Buyers and Sellers, 87% of buyers used the internet to search for properties. Wondering how our office stacked up with other Real Estate Brokerages within our trading area, we clearly have the competition beat with the content of our website. Check out our office website at www.goldpost.com
Looking how our corporate website stacks up against other Brokerages, ...
Posted by Constantine Isslamow
on June 15, 2009
Average House Prices by Province
Apr 2009
Apr 2008
Apr 2007
National
$306,366
$317,619
$305,542
Yukon
$271,791
$318,406
$250,255
Northwest Territories
$342,515
$352,555
$328,904
British Columbia
$449,371
$478,044
$431,909
Alberta
$329,328 ...
Posted by Constantine Isslamow
on June 15, 2009