May 2011 - Posts

31 May 2011
Bank of Canada Interest Rate Announcement

May 31, 2011 As was widely anticipated, the Bank of Canada opted to hold the Bank's target rate at 1 per cent this morning . On inflation, the Bank noted that, "While underlying inflation is subdued, the Bank expects that high energy prices and Read More...

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Filed under: Bank of Canada, interest rates

 

30 May 2011
Royal LePage Shelter Foundation raises over $400,000 with National Garage Sale

TORONTO, May 26, 2011 – On May 14, 2011, Royal LePage offices across the country hosted the 3rd Annual National Garage Sale for Shelter. Thanks to their dedication, creativity and hard work, and the support of local community members, the event Read More...

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Filed under: Royal LePage Real Estate Services, Shelter Foundation

 

26 May 2011
Mortgage Borrowers Show Confidence

Real Estate Magazine News - May 26, 2011 Many Canadians are aggressively reducing their mortgages by making lump sum payments, increasing monthly payments and reducing amortization periods, revealing confidence and financial flexibility in a stable mortgage Read More...

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Filed under: mortgages

 

24 May 2011
Housing Affordability Eroding: RBC

The Canadian Press May 20, 2011 Home ownership became less affordable during the first quarter, especially in Vancouver where it took nearly three-quarters of family income to pay for mortgages, property taxes and utilities, according to an RBC Economics Read More...

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Filed under: Royal Bank, affordability

 

20 May 2011
Royal LePage Recreational Properties Survey

Bullish attitude toward recreational properties reflects recent strength of housing market, according to Royal LePage TORONTO, May 20, 2011 – An overwhelming majority of Canadians who have either purchased or who intend to buy recreational property Read More...

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Filed under: recreational property report, Royal LePage Real Housing Survey

 

19 May 2011
April Sales Statistics for the Columbia Valley

are now available at http://statistics.rockieswest.com Read More...

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Filed under: statistics

 

18 May 2011
Canadian Home Sales Edge Down in April

OTTAWA, May 17th, 2011 – Statistics released today by The Canadian Real Estate Association (CREA), reveal that national resale housing activity softened in April when compared to March 2011. The decline in April sales activity reflects changes to Read More...

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Filed under: Canadian Real Estate Association, CREA

 

12 May 2011
Home Sales Slow After Strong First Quarter

Vancouver, BC – May 12, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the Kootenay area declined 17.6 per cent to 155 units in April compared to the same Read More...

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Filed under: Market Conditions, BC Real Estate Association, BCREA

 

10 May 2011
CREA Updates Resale Housing Forecast

OTTAWA – May 9, 2011 – The Canadian Real Estate Association (CREA) has revised its forecast for home sales activity via the Multiple Listing Service ® (MLS ® ) Systems of Canadian real estate Boards and Associations for 2011 and 2012. Read More...

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Filed under: real estate market, Canadian Real Estate Association, CREA, Forecast

 

04 May 2011
Important Notice About Mortgage Prepayment Penalties

April 25, 2011 - Countryside Financial, Bragg Creek www.countrysidefinancial.ca There has been an interesting scenario playing out with some mortgage lenders lately. It seems a few (but not all) mortgage lenders are stopping Sellers from utilizing their Read More...

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Filed under: mortgage rules