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49 Old Colony Trail
High ceilings and skylights are what makes this bright and spacious home so inviting! You'll find it well cared for and in spotless condition. Features include gleaming hardwood floors, … View This Property
18-80 Ferman Drive
Super clean & tidy 2 bedroom townhome close to shops, bus and rec centre! Recently painted and nicely maintained. Finished basement with rec room & 2 pc bath. Private fenced yard with … View This Property
Guelphblog.ca
Let’s clear the air on the so called rate wars!
There is a lot of hype right now with all the press being given to the recent rate drops. It started with BMO announcing a 5 year fixed rate mortgage at 2.99% and then TD followed with a 4 year at the same rate. What BMO failed to mention is all the restrictions with this mortgage offer but we'll get to that. What you need to understand first is that these recent drops are not a big shock. The banks have been stealing spread (profit) on their mortgages for some time now. Fixed mortgage rates are set off the Gov't of Canada bond yields and historically the banks have priced their lowest rates … [Read More...]
Mortgage Centre Rate Watch
Recent articles seem to make good arguments that real estate will either do well, or it will do poorly this year. It is important to remember, however, that real estate is directly affected by regional factors, which are often affected by national and international movements. The main driver to real estate prices is the level of people employed in an area. Generally speaking, the more people there are working in a region the greater the pressure is on housing prices to rise in that same area. When people stop buying cars in the USA, it impacts housing prices indirectly because there is industry … [Read More...]
Market Update January 2012
According to the hype surrounding Dec. 21, 2012, the Mayans "predicted" the end of the world with one of their calendars. On this date, doomsayers assert that life on the planet Earth will end in some kind of cataclysmic event. This reminds me of the Y2K panic at the turn of this century. At the stroke of midnight on new Year’s Eve, the year 2000, another mass extinction was predicted to ensue, this time because of a another calendar glitch (computer this time), an apparent oversight of one or more programmers. As we all know the world didn’t end that night and I expect the same will happen … [Read More...]
Balanced conditions set to return to most Canadian housing markets in 2012,
Mississauga, ON (December 6, 2011) – Canadian residential real estate defied conventional logic and outperformed expectations in 2011, posting another solid year of housing activity virtually across the board. The trend is expected to carry forward into 2012 as Canadians continue to demonstrate their faith in homeownership, despite concerns over the European debt crisis and its impact on the global economy, according to a report released today by RE/MAX. The RE/MAX Housing Market Outlook 2012 examined trends and developments in 26 major markets across the country. Eighty-eight per cent … [Read More...]
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