Thursday, September 17, 2009

Bank of Canada to hold interest rates

It is still a hot market out there!

Houses are being bought at fantastic interest rates! Make sure you shop around for the best mortgage rate for you.

The Bank of Canada has said that it will continue to keep interest rates at an all-time low of 0.25% at least until June 2010!!!!

Even though sellers are, for the most part, commanding top dollar for their homes, it doesn't mean that you still can't negotiate on the purchase price. Make sure you align yourself with an experienced real estate agent and lawyer to gudie you through the process.

Buying or Selling, through an agent or by yourself, my office can assist you with your real estate transactions as well as your Wills & Estate and Corporate needs!

Thursday, June 18, 2009

Buyers Market Creeping Back

GTA May Resale Housing Sales Higher Than Last Year

May 2009 had reported 9,589 sales, up almost 2% from May 2008 – the first annual increase since December 2007!!!!

The first half of June 2009 has reported 5,185 transactions – an increase of 19% compared to the same period last year.

Prime Rate is still low, but the fixed interest rates are creeping up too...but even at 3.5%-4%, that's still a fantastic rate! With houses rising and interest rates rising, it's sliding into becoming a Seller's Market again. Don't let that stop you from buying and negotiating! Negotiate the purchase price and shop around for the best interest rate!

Buying or Selling, through an agent or by yourself, my office can assist with your real estate transactions as well as your Wills & Estate and Corporate needs!

Thursday, April 16, 2009

Selling You House Privately and SAVE $$$$

Approximately 1 in 4 Canadians are now selling their homes privately. Let my office, via http://www.propertyshop.ca/, assist in selling your home privately. You save thousands in real estate commissions and you get my office in at the ground floor!

With the downturn in the economy, declining real estate market and the proposed new Harmonized Sales Tax being introduced in 2010, buyers and sellers will be tightening their purse strings. Sellers will have to pay an ADDITIONAL 8% PST on top of the 5% GST they already pay on realtors commissions. On a $400,000 home at 5% real estate commission and 13% HST, sellers will be paying $22,600 -- and since you will ultimately need a lawyer's involvement, why not my office from the beginning to help them sell your real estate at considerable savings!

I can save you thousands of dollars. Visit http://www.propertyshop.ca/ for more details on selling privately!

Buying or Selling, through an agent or by yourself, my office can assist with your real estate transactions as well as your Wills & Estate and Corporate needs!

http://www.goldshlager.ca/

Wednesday, April 15, 2009

It's STILL a Buyer's Market

With mortgage rates near all-time lows and with the market prices being driven down by the economy, now is a great time to purchase a home, whether for living in or as an investment!

March

Greater Toronto REALTORS® reported 6,171 sales – down seven per cent from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was $362,052 – down less than five per cent from the same month last year.

Buying or Selling, through an agent or by yourself, my office can assist with your real estate transactions as well as your Wills & Estate and Corporate needs!

http://www.goldshlager.ca/

Tuesday, March 17, 2009

Don't Be A Victim of Mortgage Fraud

Great article on WHY YOU SHOULD HAVE TITLE INSURANCE

http://www.financialpost.com/personal-finance/fraud-prevention/story.html?id=1337031

Buying or Selling, through an agent or by yourself, my office can assist with your real estate transactions as well as your Wills & Estate and Corporate needs!

http://www.goldshlager.ca/

Friday, March 13, 2009

It's a Buyer's Market

With the softening real estate market, it's definitely turning towards a Buyer's Market where the Buyer will have more power to negotiate!


January

Greater Toronto REALTORS® reported 2,670 sales in January compared to 5,075 in the first month of 2008. The average home price in the Greater Toronto Area was $343,632, compared to $374,449 last January. The median price was $303,000 compared to $319,000 last year.

February


Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year.


Buying or Selling, through an agent or by yourself, my office can assist with your real estate transactions as well as your Wills & Estate and Corporate needs!

http://www.goldshlager.ca/

Thursday, March 12, 2009

Mortgage Penalties

Great article on mortgage penalties - be informed on breaking your mortgage early.

The banks have the option to charge you either 3 months' interest penalty or the interest rate differential (being the interest rate at the time you signed up and the interest rate now) - and the banks will take whatever will give them more $$$.

http://www.thestar.com/Business/article/600049

Buying or Selling, through an agent or by yourself, my office can assist with your real estate transactions as well as your Wills & Estate and Corporate needs!

http://www.goldshlager.ca/