The Canadian Real Estate Association (CREA) says national home sales activity continued to trend down in July 2010. The decline was almost entirely the result of fewer sales in British Columbia and Ontario. A slowdown in demand in these two provinces had been widely expected in July, as many purchases were brought forward into the first half of the year in advance of the introduction of the HST.

Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards was down 6.8 per cent on a month-over-month basis in July. The national decline was smaller than the previous two months, as July sales in the Prairies and Quebec came in on par with June levels. Declines in British Columbia (-14.1 per cent) and Ontario (-8 per cent) accounted for 85 per cent of the change in national activity in July. Read the rest of this entry »

10 things to check before you buy a new home The process of buying a new home—especially if it’s your first time—is incredibly intimidating. And while there are certain things you may know you’re going to want to change upon moving in (like paint colors or retiling), if you’ve never gone through this before you may not know what else to watch out for before you sign the dotted line (just because a home is gorgeous on the outside, it’s not impervious to having a bunch of costly-to-fix issues that go way beyond the surface—remember The Money Pit?). Here, via apartmenttherapy.com, a handy checklist of all kinds of things a potential buyer should be mindful of: Read the rest of this entry »

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2 bedroom, 2 bath, 5 appliances, underground parking approx 860 sq/ft.  Rent is  $1200/mo and DD $1000 Call me and move in now.  carrdon@gmail.com or 780-995-5100 Don Ray

Have you purchased a home and are closing/moving  within 45 days?

CALL ME! I can provide you with 3.89 for 5yrs

Don Ray Santiago
Mortgage Consultant
780-418-5838

donray.santiago@migroup.ca
www.migroup.ca/donraysantiago

For Rent
4 Bedrooms, 3 Full Baths, Huge Kitchen with eat in Diningroom Space, Hardwood Floors, Fully Walk Out Basement, Gas Fireplace, Vaulted Ceilings. Over 2600 Square Feet of Developed living space. In a great St. Albert neighborhood. ent is $1650, tenant pays all utilities. Security deposit required and is the same as rent. Single Attached Garage. Call Sharon at 780-702-9999 to view or email sharon@propertyfusion.ca

Pictures at the PropertyFusion Facebook page.

Just to let you know that we have had another decrease to our fixed rates.

Changes in Posted Rates 

Six-month convertible 4.55 per cent     (decreased by 0.10 per cent)
One-year closed 3.30 per cent           (decreased by 0.10 per cent)
Two-year closed 3.65 per cent           (decreased by 0.10 per cent)
Three-year closed 4.20 per cent         (decreased by 0.10 per cent)
Four-year closed 5.24 per cent          (decreased by 0.10 per cent)
Five-year closed 5.59 per cent          (decreased by 0.10 per cent)
Seven-year closed 6.55 per cent         (decreased by 0.10 per cent)
Ten-year closed 6.70 per cent           (decreased by 0.10 per cent)
We still have our 60 day rate sales in effect:

Three-year closed – 3.20%
Four-year closed  – 3.59%
Five-year closed – 3.74%
Contact sharon@propertyfusion.ca to have the up to date rate sheets emailed to you.
 
Tony & Roberta

Roberta Melik I Mortgage Specialist I  Royal Bank of Canada
T. 780-418-7208  F. 780-418-7219
Edmonton & Area
Website: http://mortgages.rbcroyalbank.com/roberta.melik

Cooler prices in July are still up 1.5% from last year

Edmonton, August 4, 2010: While the summer temperatures rose in July, housing prices cooled and prices for all types of residential properties dipped slightly according to figures released by the REALTORS® Association of Edmonton. Single family dwelling prices slid 3.1% while condo prices were down 1.5% and duplex/rowhouse prices dipped just less than one percent. The all-residential average price dropped just 1.7%.

“The number of homes in the inventory is giving buyers’ choice,” said Larry Westergard, president of the REALTORS® Association of Edmonton. “As a result many buyers are taking their time and prices are beginning to soften slightly. At the same time, some sellers who have been standing firm have been pushed to discount their initial list price.” Less than half of the active listings over 30 days have had a price reduction. However, 93% of July sales sold below the list with about 40% having already taken a price reduction. Read the rest of this entry »

RBC has introduced new rate specials for their 3, 4 and 5 year fixed term mortgages. To be eligible for these rates the new mortgage must advance within 30 days of the application date.  No extensions are permitted.

       3 year fixed – 3.60%
       4 year fixed – 3.99%
       5 year fixed – 4.14%

Please call Roberta & Tony with RBC at 780-418-7208 if you would like to take advantage of these special offers.

Roberta Melik I Mortgage Specialist I  Royal Bank of Canada
T. 780-418-7208  F. 780-418-7219
Edmonton & Area
Website:  http://mortgages.rbcroyalbank.com/roberta.melik

**For additional ADVICE YOU CAN BANK ON, please visit:  www.rbcadvicecentre.com