Seems every where we turn there is news from the US of failed banks and economic uncertainty. Many people are 'wanting' to move to a home that is better suited to them but that if they wait until the spring they will be able to get a better price for their home. Now, I'm not a psychic or able to see the future but I do have good common sense and the market indicators are pretty clear.... ...
Posted by Robert Atkinson
on October 3, 2008
As of October 15th, 2008 the government of Canada will no longer be guaranteeing 40 year mortgages in an effort to strengthen and protect the Canadian housing market. Some of the rule changes are:
Fixing the maximum amortization period for new government-backed mortgages to 35 years;
Requiring a minimum down payment of five per cent for new government-backed mortgages;
Establishing ...
Posted by Robert Atkinson
on September 19, 2008
With the increase in today's prices the thought of 'giving' a Realtor a percentage of the sale money doesn't seem to make sense. Before a home for $150,000 with a 6% commission rate means real estate fee's are costing the home owner $9,000. Now with home prices more than double that the fee's are $18,000 and there are no increase in work for the realtor so I'm going to go it alone and save ...
Posted by Robert Atkinson
on April 23, 2008