The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on April 17th, 2012. While this was the 13th consecutive policy meeting in which borrowing costs have been left unchanged, it was the first time since last September that a policy announcement has included a reference to the possibility of a rate hike.
The Bank reiterated a number of the more positive developments it first ...
Posted by Mike Murphy
on April 23, 2012
Nova Scotia Liquor Corporation (NSLC), the largest single banner retail business in Nova Scotia, is joining the AIR MILES Reward Program as a Sponsor beginning February 20, 2012.
Beginning February 20, 2012 AIR MILES Collectors in Atlantic Canada will be able to earn 1 reward mile for every $30 spent monthly. Bonus offers will also be incorporated offering Collectors additional ways to earn at ...
Posted by Mike Murphy
on January 11, 2012
OTTAWA - December 15, 2011 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity rose slightly in November 2011 from the previous month.
Highlights:
Sales activity rose slightly (+0.5 per cent) from October to November on a seasonally adjusted basis.
Year-to-date sales remained in line with the 10 year average, ...
Posted by Mike Murphy
on January 10, 2012
Published November 15, 2011
OTTAWA – November 15, 2011 – The Canadian Real Estate Association (CREA) has made a small revision to its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2011 and 2012.
Activity came in broadly in line with expectations across much of the country in the third quarter ...
Posted by Mike Murphy
on November 28, 2011
New rules effective Sept. 1, will offer better protection for Nova Scotians who own, or are thinking of buying a condominium.
"A growing number of Nova Scotians, everyone from first-time homebuyers to seniors, are choosing condominiums. These amendments will make sure those people are well-protected when they buy their home," said Service Nova Scotia and Municipal Relations Minister John MacDonell. ...
Posted by Mike Murphy
on September 2, 2011
Spring has finally arrived and with it, the traditional rise in real estate activity as we enter what is commonly referred to as the "Spring Market." It has been happening like this for years, but this year things are going to be different! We are no longer in a 'balanced market' scenario, but rather have clearly moved to a 'buyers market.' Couple the current wealth of real estate ...
Posted by Mike Murphy
on April 26, 2011
Existing home sales in Halifax will record little change in 2010 before declining slightly in 2011. MLS® sales are expected to increase by less than one per cent this year before declining about two per cent in 2011. Average home prices will continue to rise, reaching $251,000 in 2010 and increasing to $258,000 in 2011. A rebound in existing home sales in the first four months of 2010 was preceded ...
Posted by Mike Murphy
on January 17, 2011
Two-thirds of repeat homebuyers buy again and again: TD
By QMI Agency
More than two-thirds of repeat homebuyers expect their next house purchase won't be their last, according to a new survey by TD Canada Trust. Twenty-three per cent of the more than 1,000 participants -- all repeat homebuyers -- said they plan to move again within six years. One in five repeat buyers has owned more than five ...
Posted by Mike Murphy
on September 25, 2010
If you list or buy your home through me, I will be pleased to arrange for a professional complimentary oil tank and furnace inspection by one of HRM's leading companies. This service will be provided at no cost and no obligation to you. Call me at 452-6873 for more information.
Posted by Mike Murphy
on August 25, 2010
When shopping for a new home, one of the most important
considerations – yet one most people don’t pay enough
attention to – is the lot type. Selecting the right one can
significiantly increase your enjoyment of the home. Picking the
wrong one can have the opposite effect.
There are three special types of lots that homeowners tend to
find most desirable. Yet, even though ...
Posted by Mike Murphy
on June 2, 2010