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March 2009
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Multiple Offers Are Back! |
 From
our Blog -
As bizarre as it sounds, things are picking up rapidly here.
Anecdotal evidence suggests loads of multiple offers across the
city. We were involved in a Condo offer this week which went over
asking. ...read
more |
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Sell Fast for Maximum Price with New Videos |
 RE/MAX
has developed a series of videos to help sellers prepare their homes
for sales. Get the maximum price for yours in this market, check
this out! ... |
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Market Watch - March 2009 |
 Many
buyers are out there looking, but seem nervous about making offers.
They’re confused by what they’ve been reading and hearing about the
state of the real estate market. The fact is, although sales and prices
have both declined in different perce... ... read
more |
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Bank of Canada Cuts Interest Rate to Lowest Ever |
 March
2, 2009 - OTTAWA - In another attempt to stimulate the sluggish economy,
the Bank of Canada governor Mark Carney cut the interest rate to 0.5%,
the lowest ever. The Bank has cut the key rate by four percentage points
since December 2007. ...read
more |
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Buying a Home? Beware of The Hidden Costs of Homeownership |
 Anyone
who owns a home knows that there are many additional costs associated
with owning a home. Many first-time homeowners base their decision to
buy a home on their ability to make the monthly mortgage payments. In
fact, there are many other costs ... ... read
more |
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Can You Benefit From a New On-Demand Tankless Water Heater? |
 Hot
water usage in Canadian households consumes between 15 and 30% of a
home’s energy demand. Surprisingly, the technology used to heat water is
traditional and highly inefficient when compared to the tankless or
on-demand technologies now used regul... ...read
more |
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Why You Need a Home Inspection |
 It's
easy to get caught up in the speed, drama and pressure of bidding on a
house that you are willing to skip a few steps to make sure you acquire
the house of your dreams. You're suddenly willing to pay a few thousand
more than you had intended. Yo... ... read
more |
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NATIONAL MORTGAGE RATES |
|
Term |
Posted
Rates* |
Best
Rates* |
|
6 Month |
5.20% |
5.00% |
|
1 Year |
5.00% |
3.25% |
|
2 Year |
5.75% |
3.90% |
|
3 Year |
5.75% |
4.00% |
|
4 Year |
5.70% |
4.19% |
|
5 Year |
5.80% |
4.34% |
|
7 Year |
7.00% |
5.90% |
|
10 Year |
7.35% |
6.05% |
|
Variable Rate |
3.35% |
|
Prime Rate |
2.50% |
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* last updated: Mar 09, 2009 |
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