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Posts Tagged ‘mortgage’


I wanted to share a press release from Re/Max Ontario Atlantic with my readers…enjoy:

Mississauga, ON (March 11, 2009) ‐‐ A report released today by RE/MAX confirms that entry‐level purchasers are now the engine driving home‐buying activity in almost every major centre in Canada.
The 2009 RE/MAX First‐Time Buyers Report, highlighting first‐time buying activity in 32 residential housing markets across Canada, found that improved affordability is prompting many first‐time buyers to get off the fence, out of the rental, and into the market. While a sense of caution still prevails, more and more first timers are finding it hard to pass up the chance to become homeowners in today’s buyer‐centric real estate  climate. Increased inventory and longer days on market coupled with the lowest lending rates ever are presenting opportunities that have not been seen in almost a decade.
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Brownstones Townhomes.jpg

This was the title sent to me in a recent email, advertising the Brownstone town homes in Davenport Village.   From T.V’s, cruises and even cars, developers have tried everything to get buyers signing on the dotted line.   What Brownstone has done is GENIOUS…and very simple!
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Toronto Sky Line
My glass is always half full (unless it’s a Friday night, then it’s empty). Jokes aside, I was sent an insightful and optimistic article that discusses  the differences between the American and Canadian Banking systems. It was sent to me by Inna Averboukh, a manager for TD Canada Trust in the Residential Mortgages department. The article, written by Fareed Zakaria, left me with a positive view of the Canadian Banking System and I hope it leaves you with the same.

Enjoy
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The Toronto Real Estate Board just released it’s annual “Rental Market Report” full of good news for Landlords.
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REALTORS’® lobbying efforts have achieved significant victories in the recently announced 2009 Federal Budget, including proposals to expand the RRSP Homebuyers’ Plan, provide a First-Time Home Buyers’ Tax Credit, and provide a Home Renovation Tax Credit. The implementation of these announcements depends on the approval of the Budget by the House of Commons.
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The year was 1958 and the rate was 1.12%…just imagine if we had those rates in today’s markets.
The bad news is we don’t :(
The GOOD news is we have better then those rates :)
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