|
||||
Cindy
Shanks, Sales Representative from Re/Max Hallmark teams up with
Semone to create |
Market Watch - July 2009 National Resale Housing Market Activity Returned to Pre-recession Levels |
|
 National
resale housing market activity returned to pre-recession levels in May
2009. The rebound in activity is being led by an increase in
transactions in some of the most expensive markets in the country, which
is skewing the national average pric... ...
|
|
 |
|
| What Are Your Retirement Living Options? | |
 Retirement
isn’t what it used to be. These days, rather than sitting back and
watching the roses grow, more of us want to use the extra time, energy,
and any cash released from the sale of a property to travel the world or
fulfill some other lifelong... ...
|
|
|
|
|
| How to Fight Persistent Weeds | |
 In
order to produce top-quality flowers, crops and shrubs, you’ll need to
maintain a weed-free yard and pay close attention to your garden and
landscape every step of the way. Weeds are every gardener’s worst enemy.
No one likes pulling weeds, using ... ...
|
|
|
|
|
| 10 Ways to Cut Your Moving Costs | |
 Moving
can be a very chaotic and expensive task, one that needs to be
accomplished very carefully. A move carried out in haste can bring about
several unnecessary problems. Almost everyone looks for cheap movers.
After all, most of us want to save on... ...
|
|
|
|
|
| How to Buy Recreational Property as an Investment | |
 Despite
the economic downturn, many Canadians are still dreaming of owning a
recreational property, both as a long-term investment and to enjoy with
family and friends. Canadians are willing to make sacrifices to own a
cottage, and more want to use t... ...
|
|
|
|
|
|
With Compliments of
The GTA market remains on the upswing, as do national and the US. See "Market Watch.." for more nationally. The Toronto Real Estate Board reports June had record sales, up 27% from June, 08. Average price of $403,972, up 2% compared to June last year. TREB's analysis is that prices will rise throughout 2009 and we're returning to a seller's market. The Bank of Canada's guarantee to keep rates at historic lows until mid 2010 and realization we're not exposed to US-style foreclosures, continue to bring buyers back. Quality houses are back as more sellers get into the market. Inventory is down substantially and multiple offers are frequent. This will put upward pressure on GTA prices. We believe even more it's time to start looking for those bargains. Our in-depth analysis of the real estate market from Feb. is still worth reading; as is our broker's advise from February to "Buy Toronto Real Estate." Semone and Jim Duerr |
| NATIONAL MORTGAGE RATES | ||
| Term |
Posted Rates* |
Best Rates* |
| 6 Months | 4.60% | 3.95% |
| 1 Year | 3.75% | 2.75% |
| 2 Years | 4.05% | 3.05% |
| 3 Years | 4.65% | 3.95% |
| 4 Years | 5.15% | 3.99% |
| 5 Years | 5.85% | 4.35% |
| 7 Years | 6.80% | 5.34% |
| 10 Years | 6.90% | 5.25% |
| Variable Rate | 3.25% | |
| Prime Rate ** | 2.25% | |
|
* last updated: July 21,
2009 ** Prime rate may vary according to lender. |
||
Not intended to solicit buyer or sellers already under
contract
If you do not wish to receive this Newsletter reply with unsubscribe in
title