Monday, September 26, 2011

The Bank of Canada Qualifying Rate DROPS!!!!!!!!!!!!!


The Bank of Canada Qualifying Rate has decreased to 5.19%, effective Monday Sept. 26, 2011 at 12:01 a.m. ET.

Contact Amy Wilson
780-919-0475

Friday, September 23, 2011

Home Buying

With so many choices and variables, how do you find the perfect fit? Before you start your search, it’s a good idea to narrow down the playing field by looking at what would fit you best. Here’s where to look:
Look Inside
What do you already own that your new home would need to accommodate? If you’re dining suite is one that you cherish, use often and happens to be huge, then add “large dining room” to your Must Have List. Carry this logic through your space and you should come to some conclusions about what is essential in a new home. While you’re at it, take a look at your personal style; it can also give you valuable clues as to what you really want. For example, if your style tends more to clean lines and a modern look, then loft-like spaces or open concept homes will probably hold more appeal.
Look Outside
What is out in the world that catches your attention? Is it a brick exterior or cedar shingles that make a house feel like home to you? Consider the different styles of houses that you like, and see if there are any common elements among them. Another place to look is at the style and size of any new items you plan to acquire. Taking an outside inventory of what appeals to you can help narrow down your search.
Look at Your Requirements
It's helpful to take a head count and look at what features are vital to each member of your family. How many of you are going to live there, and are any more expected shortly? How many of you need home offices or parking spaces or playgrounds or workshops? This will give you an idea of the size and number of rooms you require, as well as clues to locations or types of housing. Make sure you include pets and consider what's best for them. This may move a fenced yard to the top of your list.
Look at Your Lifestyle
Look at your lifestyle to gain insight to your best locations. If you’re planning to stay awhile, and are also planning on children (or already have them), then you’ll want to find a neighbourhood that’s kid friendly and has great schools. Another consideration should be your work commute. Make sure it has what you need, whether that’s access to public transportation or parking spots.
All in all, if you take the time to consider what’s really important to you, you should be able to find the house that is the right for you. Happy Hunting! (Source: www.hgtv.ca)

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Tuesday, September 20, 2011

Market Commentary

Rates went up last week as bit of a "pop" in inflation last week in the US cause the bond market to sell off, while an effort by several central banks implemented measures to enhance US Dollar liquidity across the European banking system added to the effect. Despite efforts by the bond market to take rates higher, its overall movement continues to be limited by the uncertainty created by the ongoing fiscal situation in Europe. 

Amy Wilson - Verico Brokers For Life 780-919-0475 amy@brokersforlife.ca

Wednesday, September 7, 2011

Bank of Canada Interest rate remains the same!!!!

Bank of Canada Interest rate remains the same!!!!


The meeting held today confirms that Prime stays at 3% and will be re visited on October 26/2011.

Great news for everyone who is in a variable mortgage or looking to get into one now.  With Variable rates running below prime you have an excellent opporuntiy to pay down the princiapl of your mortgage and pay less interest over your term.

To learn how to take advantage of this opportunity please contact Amy Wilson 780-9419-0475 or amy@brokersforlife.ca

Your Mortgage Girl!: Edmonton house prices forecasted to rise in 2012

CMHC Forcasts

Edmonton house prices forecasted to rise in 2012

CMHC anticipates 2.4% increase in coming year

EDMONTON - Housing prices in the Edmonton region are expected to end 2011 little changed from the previous year, but rise significantly next year, according to Canada Mortgage Housing Corp.

Annual average MLS prices in the Edmonton census metropolitan area will rise by less than one per cent to $329,000 from $328,803 in 2011.

Next year, they will rise by 2.4 per cent, according to the federal agency’s new forecast report released Wednesday.

http://www.edmontonjournal.com/business/Edmonton+house+prices+forecasted+rise+2012/5300815/story.html

Contact Amy Wilson for more information or to discuss your mortgage plan at 780-919-0475 or amy@brokersforlife.ca