Blog by The Schacter Team

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Common Issues In Older Homes

April 29th, 2009

Older homes can be full of charm and character, but they may also have worn out systems and components - anything from ancient water heaters to sagging floors. The specific issues that will affect your older residence will depend on how well the home has been maintained. If the home has been well cared for you should only expect to perform some minor repairs, but in the majority of cases at l ...

Who is buying & selling in the Fraser Valley?

April 27th, 2009

A new survey of home buyers and sellers in the Lower Mainland reveals who is buying and selling homes, why they are buying and selling, what their experience is in the marketplace, if affordability and quality of life issues are important, and whether REALTORS® continue to play a significant role in the transaction process. On behalf of the Fraser Valley and Greater Vancouver real estate b ...

7591 184TH Street, Cloverdale, British Columbia

April 26th, 2009

I just sold this House at 7591 184TH Street, Cloverdale, British Columbia .

View this recently sold House or see all my home sales

What the Rate Cut Means for Mortgages

April 23rd, 2009
The latest rate cut means consumers buying a house can borrow for as little as 3% interest on their loan if they are willing to buy into the Bank of Canada's statement Tuesday that it won't be changing rates until June, 2010. If you don't believe the bank will hold steady on its promise, you can lock into five-year, fixed-rate mortgages for as low as 3.85% on a discounted ...

SPRING BRINGS SALES THAW

April 23rd, 2009

Globe & Mail, April 16th, 2009
Looking to get into a bigger home, townhouse owner James VanderLinden decided last month was the time to make a move.

A buyer in a struggling economy, he bought a new home under asking price - paying $1.1-million in midtown Toronto - but hadn't yet sold his first place.

"I wanted to take advantage of the market," said Mr. VanderLinden, 34, who works in online ...

BREAKING UP ISN'T ALWAYS HARD TO DO

April 23rd, 2009

Canadian Mortgage News April 13, 2009
Newspapers have had their fill of economic doom and gloom recently with reports of massive job layoffs, falling profits and rising bankruptcies. But there's at least one headline that has Canadian homeowners taking notice: mortgage rates are hitting record lows, with lenders offering fixed five-year rates for about four per cent.

Lower rates and the prom ...

RBC Housing Affordability Report

April 21st, 2009

Housing affordability improves while recession weighs on housing markets across Canada, says RBC Economics

TORONTO, April 16, 2009 - While the Canadian housing market has felt the strain of the contraction in the domestic economy since the fourth quarter of 2008, improved housing affordability is mitigating some of the stress felt by home buyers, according to the latest housing report releas ...

House ownership more affordable for Canadians, RBC says

April 21st, 2009

Mortgages are eating up less Canadian household income thanks to historically low borrowing rates and a drop in house prices, a trend that is expected to continue in the near term, a new survey suggests.

The Royal Bank said the cost of owning a home went down in the last three months of 2008, after rising steadily since mid-2004.

The bank says the biggest factor affecting afford ...

Bank of Canada Cuts Rates 25bps; Signal No Changes Until 2010

April 21st, 2009

  • The Bank of Canada delivered one last 25bps rate cut today to leave the overnight rate at an effective floor of 0.25%.

  • Using a surprising degree of transparency, the Bank stated that it will leave the overnight rate there until June 2010 to flatten the yield curve.

  • The Bank also downgraded its economic forecasts for both 2009 and 2010.
  • ...

Bank of Canada to hold rate at record low until 2010

April 21st, 2009

The Bank of Canada cut its trendsetting interest rate by a quarter point to 0.25 per cent on Tuesday in its latest move to free up credit amid a global recession.

The Bank of Canada cut its trendsetting interest rate by a quarter point to 0.25 per cent on Tuesday in its la ...

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