Home sales activity increased for the third time in as many months, according to statistics released by The Canadian Real Estate Association (CREA). The national average price also rose again, to within short reach of the record levels set a year ago.
Sales activity climbed 11.2 per cent in April 2009 compared to the previous month. This is the largest month-to-month increase in activity in more ...
Posted by Sean Kavanagh
on June 3, 2009
One of the biggest mistakes a first time buyer, or any buyer for that matter, can make when purchasing a home, is to get too emotionally involved in the home before proper research has been conducted on the property and surrounding area. Here is a checklist of items to be considered before you put pen to paper on an agreement of purchase and sale.
1) Houses older than 40 years may have aluminum, ...
Posted by Sean Kavanagh
on June 2, 2009
Thinking of doing a home renovation? Here are seven things you need to know before hiring your contractor:
1. Get at least three references for the contractor you think you want to hire and thoroughly check all of them. 2. Ask for photos of previous jobs to ensure the workmanship. If you are asking for a specific job to be done, ask for photos of similar jobs so you know what you can expect. 3. ...
Posted by Sean Kavanagh
on June 2, 2009
When you decide to make one of the largest investments of your life, be sure to first consider the resale value when you are deciding to buy the home. I know many people have a hard time considering selling the home they just got excited about buying, but at some point, you will sell it! Here are a few things to consider when you purchase a home so you won't run into any problems once you decide ...
Posted by Sean Kavanagh
on June 2, 2009
If you have been considering buying a house, refinancing to see if it you can save money by lowering your monthly payments, or are interested in taking some equity out to pay for some renovations, pay for some upcoming large purchases, or even just to use that money to go on that much needed vacation, then now is the time to consult a mortgage broker and find out whether now is the right time for you ...
Posted by Sean Kavanagh
on May 30, 2009
First-time homebuyers are being lured into the real-estate market this spring by falling prices, lower interest rates, a large selection of homes to choose from and new government incentives. Century 21 Miller Real Estate has shown a drastic increase in the number of real estate transactions since the beginning of the year and much of that can be attributed to the number of first timers not wanting ...
Posted by Sean Kavanagh
on May 27, 2009
If you have been following my blogs, you will know that a flood of buyers have come on the market hoping to take advantage of lower prices and record low interest rates. The mistake many new home buyers make is forgetting to calculate the additional cost associated with real estate purchases and sales.
There are many things a first time home buyer should consider well before they start searching ...
Posted by Sean Kavanagh
on May 27, 2009
Term Rate 6 Months 4.25% 1 Year 2.90% 2 Years 2.85% 3 Years 3.05% 4 Years 3.59% 5 Years 3.59% 7 Years 4.95% 10 Years ...
Posted by Sean Kavanagh
on May 15, 2009
Oakville, Ontario: If you were ever looking for the right time to buy in Oakville, don't wait any longer as now is the time. With record low interest rates, large inventory of houses on the market and stabalizing prices, you might not want to miss out on the great opportunities to buy your Oakville dream property.
Average housing prices in Oakville are gradually catching up to the prices of ...
Posted by Sean Kavanagh
on May 14, 2009
Wanting to buy, but just don't have 5% for the downpayment, just ask your bank for a Cashback! Since the banks have got rid of 100% financing, there are now other alternatives to anyone who does not have a full cash downpayment. For a slightly higher interest rate (still extremely low), your bank is willing to top up your downpayment so you can reach the minimum 5% amount.
Here are a few examples ...
Posted by Sean Kavanagh
on April 9, 2009