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Mortgage Rates – 20th Week of 2012
Published on 2012-05-25 13:30:39
Source:RateSuperMarket.ca In the last week, there were no changes to the mortgage qualifying rate of the Bank of Canada (BoC). In the term of the fixed lowest mortgage rates, there was only one slight increase for the one-year term, where …(Mortgage Rates – 20th Week of 2012 continued...) > read more
Should You Rent or Sell Your Home?
Published on 2012-05-22 11:37:14
Home by Jon Ross The real estate market situation can significantly change in a relatively short period of time and many homeowners who are unable to sell their properties at a price deemed acceptable for them choose to rent their …(Should You Rent or Sell Your Home? continued...) > read more
Investment Tip of the Week – 130 New Brighton Close SE
Published on 2012-05-22 02:32:17
130 New Brighton Close SE FORECLOSURE - What a fantastic little two storey on a great location! Needs only modest painting and is in great condition. A superb family floor plan features a maple kitchen, bright sunny nook, spacious family …(Investment Tip of the Week – 130 New Brighton Close SE continued...) > read more
Meet Some of the Canadian Billionaires
Published on 2012-05-19 06:44:36
Money by Nick Ares This year’s title of the richest man in the world according to the list of billionaires published annually by Forbes is held by Carlos Slim from Mexico. Every year, a number of Canadian business people appear …(Meet Some of the Canadian Billionaires continued...) > read more
Mortgage Rates – 19th Week of 2012
Published on 2012-05-16 04:16:20
Source: RateSuperMarket.ca Last week, the mortgage qualifying rate of the Bank of Canada (BoC) reached 5.44 per cent with a prime rate at 3.00 per cent. This meant a minor increase from the trend observed last month. The mortgage market …(Mortgage Rates – 19th Week of 2012 continued...) > read more
To Rent or To Buy, That is the Question
Published on 2012-05-15 06:01:23
House in Calgary by Bill Longstaff Home ownership is one of the safest investments. It grants decent returns; however, there are several situations in which it’s smarter to choose the cheaper and safer alternative: renting. Even though interest rates are …(To Rent or To Buy, That is the Question continued...) > read more
Investment Tip of the Week – 759 Panorama Hills Drive NW
Published on 2012-05-14 08:25:12
759 Panorama Hills Drive NW If you are still looking for a single family house in the popular neighbourhood of Panorama Hills, here's another tip for you. The layout of this home is great. Formal dining room, main floor family …(Investment Tip of the Week – 759 Panorama Hills Drive NW continued...) > read more
Meanwhile, Inequality Is Rising
Published on 2012-05-10 08:13:06
Paying Bills by Anthony Inequality in today’s society is often identified as one of the direct consequences of globalization. The gap between rich and poor in many countries around the world continues to widen, which often breeds resentment among the …(Meanwhile, Inequality Is Rising continued...) > read more
Calgary Housing Market Stats for April 2012
Published on 2012-05-09 05:51:31
Calgary Skyline by Brendan Bell Calgary REALTORS® reported 2,204 existing home sales through the Calgary MLS® system in April 2012. This was an increase of > read more
Investment Tip of the Week – 827 McKenzie Drive SE
Published on 2012-05-05 04:41:02
827 McKenzie Drive SE If you are still waiting for the one-time offer, here it comes. 1092 square feet, three bedroom bungalow on McKenzie Drive SE is offered for only $269,900. Comfortable living area with bay window, spacious sit-down kitchen …(Investment Tip of the Week – 827 McKenzie Drive SE continued...) > read more
Top Seven Books for Real Estate Investors
Published on 2012-05-03 04:23:05
Napoleon Hill: Think and Grow Rich Knowledge is the key to success in almost every profession, and real estate investing is no exception. Even though many real estate investors prefer to learn how to invest from their older colleagues, there …(Top Seven Books for Real Estate Investors continued...) > read more
Who Will Take Steps to Control Household Debt?
Published on 2012-05-02 03:21:37
Bank of Canada by Wikimedia Commons The government and The Bank of Canada have been warning Canadians of the dangers of taking on too much debt, particularly through mortgages, at a time of historically low interest rates and high housing …(Who Will Take Steps to Control Household Debt? continued...) > read more
Investment Tip of the Week – 4305 60 Panatella ST NW
Published on 2012-04-27 04:24:51
4305 60 Panatella ST NW Opportunity knocks! 900 square feet, two bedrooms, 4-piece bathroom with in-suite laundry in the desirable community of Panorama Hills. Open style concept with nice sized nook/eating area and maple kitchen with raised breakfast bar. Good-sized …(Investment Tip of the Week – 4305 60 Panatella ST NW continued...) > read more
Investment Tip of the Week – 170 PANAMOUNT RI NW
Published on 2012-04-23 05:21:50
170 PANAMOUNT RI NW Exterior Front Great open floor plan that includes a living room, dining room, kitchen, nook and laundry room on the main floor. Hardwood flooring in hallway dining room, kitchen and nook. Upper level has four bedrooms, …(Investment Tip of the Week – 170 PANAMOUNT RI NW continued...) > read more
Mortgage Rates – 15th Week of 2012
Published on 2012-04-20 06:12:21
Source: RateSuperMarket.ca Last week, the mortgage qualifying rate of Bank of Canada stayed on the same 5.29 per cent level as the week before last week. In the closed mortgage market of Alberta, the fixed mortgage rates slightly increased for …(Mortgage Rates – 15th Week of 2012 continued...) > read more
To Buy or Not to Buy?
Published on 2012-04-19 05:48:56
Money Bills by Will Keightley The resilience of the Canadian housing market is continually a great surprise. Real estate prices in the country follow the very opposite pattern as the rest of the world and continue to reach new records. …(To Buy or Not to Buy? continued...) > read more
Investment Tip of the Week – 1727 54 Street SE
Published on 2012-04-13 06:33:26
Exterior Front Here is your chance to live in one of the newest, most luxurious and affordable condominiums in Penbrooke! This specific suite "The Palermo" has over 500 square feet. A bachelor suite with one full bathroom. "The Palermo" offers …(Investment Tip of the Week – 1727 54 Street SE continued...) > read more
The US Subprime Crisis: Why History will Not Repeat Itself in Canada
Published on 2012-04-05 05:43:00
Carlgary by Brian According to the Economist, Canada’s homes are 21 per cent overvalued, while TD Bank warned that overvaluation ranges from 10 to 15 per cent. Despite the different numbers, economists agree that the real estate market is vulnerable …(The US Subprime Crisis: Why History will Not Repeat Itself in Canada continued...) > read more
Does an Abundance of Choices Make Us Happy?
Published on 2012-03-30 14:06:28
Abudance of Choices by Zak Greant Imagine you’re looking for a new house. There are plenty of realtors willing to help you, and you can take your pick of them. They will offer you houses (probably a lot of houses) …(Does an Abundance of Choices Make Us Happy? continued...) > read more
Investment Tip of the Week – 211 Panamount Hill NW
Published on 2012-03-30 06:56:00
211 Panamount Hill NW Here's the best priced deal you've been waiting for. Spacious size, southwest backyard, five minutes walking distance to major shopping centre, superstore, movie theater, banks, cradle place, library, schools, and public transit hub (including express route …(Investment Tip of the Week – 211 Panamount Hill NW continued...) > read more
Mortgage Rates – 12th Week of 2012
Published on 2012-03-29 11:16:06
Source: RateSuperMarket.ca The Canada Mortgage and Housing Corporation (CMHC), clearly concerned about Canada’s housing market, warned that it would try to rein in the explosive growth of its insured mortgage portfolio in the coming years. CMHC grew by $170 billion …(Mortgage Rates – 12th Week of 2012 continued...) > read more
Property Insurance: Think Twice!
Published on 2012-03-26 05:38:51
Calgary Red House by Bill Longstaff For most homeowners, their homes are their life savings — the biggest financial investment in their lives. Living in their homes for years can contribute to the false belief that nothing can happen to …(Property Insurance: Think Twice! continued...) > read more
Mortgage Rates – 11th Week of 2012
Published on 2012-03-20 09:19:12
Source: RateSuperMarket.ca and RateHub.ca New mortgage regulations are needed. Canada’s real estate market and consumer debt levels have risen to unsustainable levels, and unless new mortgage regulations are introduced, a sharp correction in both would be disastrous for the economy, …(Mortgage Rates – 11th Week of 2012 continued...) > read more
Calgary vs. Toronto: Who Wins in the Housing Field?
Published on 2012-03-16 07:46:59
Real Estate Sales in Toronto and Calgary in February If Calgary and Toronto met in a housing battle, who do you think would end up as the winner: Toronto, with a strong market including extreme condo demand, or Calgary, a …(Calgary vs. Toronto: Who Wins in the Housing Field? continued...) > read more
Investment Tip of the Week – Rental Property for Sale
Published on 2012-03-15 09:44:18
Rental Property for Sale Front Immaculate, deluxe, sxs duplex with two self contained walk-out illegal suites!!! Originaly built as a 4-plex, 4 furnaces and 4 newer hot water tanks. Large bilevel windows in the lower suites plus bonus walk-outs from …(Investment Tip of the Week – Rental Property for Sale continued...) > read more
Mortgage Rates – 10th Week of 2012
Published on 2012-03-15 09:27:46
Source: RateSuperMarket.ca The Bank of Canada has once again decided to maintain its target for the overnight rate at 1 per cent, believing that the combination of interest rates near historic lows and the financial system functioning well is a …(Mortgage Rates – 10th Week of 2012 continued...) > read more
Mortgage Rates – 9th Week of 2012
Published on 2012-03-08 10:21:37
Source: RateSuperMarket.ca According to HSBC’s chief economist, the wars in the Canadian mortgage market that have surged over the past month have subsided. “Last year Canadian banks presented solid results, primarily thanks to their strong retail banking businesses and growth …(Mortgage Rates – 9th Week of 2012 continued...) > read more
Investment Tip Of The Week – 345 Mckenzie Towne Drive SE
Published on 2012-03-05 14:28:51
345 Mckenzie Towne Drive SE Another gem for investors priced to sell! This two storey detached single family house was built in 2007. As a former grow up it is priced only $345,900. The floor space spreads 1786 square feet. …(Investment Tip Of The Week – 345 Mckenzie Towne Drive SE continued...) > read more
Investment Tip Of The Week – 345 Mckenzie Towne Drive SE
Published on 2012-03-05 14:28:51
345 Mckenzie Towne Drive SE Front Another gem for investors priced to sell! This two story detached single family house was built in 2007. As a former grow op it is priced at only $345,900. The floor space spreads 1786 …(Investment Tip Of The Week – 345 Mckenzie Towne Drive SE continued...) > read more
Mortgage Rates – 8th Week of 2012
Published on 2012-03-05 03:29:21
Mortgage Rates 8th Week Source: Rate SuperMarket.ca and RateHub.ca The governor of the Bank of Canada, Mark Carney, admitted that low interest rates over a prolonged period can cloud financial judgments and encourage borrowers to borrow too much and for …(Mortgage Rates – 8th Week of 2012 continued...) > read more
Low Interest Rates as a Trap
Published on 2012-03-02 10:34:53
Trap by Wikimedia Commons On January 20th, 2009, the Bank of Canada announced that it was decreasing its target for the overnight rate from 1.5 per cent to 1 per cent. The announcements of the intention to maintain the …(Low Interest Rates as a Trap continued...) > read more
Calgary Housing Market Stats for January 2012
Published on 2012-03-01 10:22:33
Clagary Winter Skyline by Brendan Bel In January 2012, Calgary Realtors reported 1080 sales through the Calgary MLS® system. Sales are down by 1% compared to the 1093 sales reported during the same period in 2011. The average selling price …(Calgary Housing Market Stats for January 2012 continued...) > read more
Mortgage Rates – 7th Week of 2012
Published on 2012-02-27 10:54:42
Source: RateSuperMarket.ca There has been no change in the list of best mortgage rates since last week. The extremely low rates at the beginning of this year increased somewhat, and they have now stabilized. They remain low. The Financial Post …(Mortgage Rates – 7th Week of 2012 continued...) > read more
Investment Tip Of The Week – 260 Taralake Terrace NE
Published on 2012-02-24 06:47:14
260 TARALAKE Terrace NE If you are into real investment opportunities, here is something for you. This residential two storey detached 2006-built family house is a former grow-op with all pros and cons coming in the package. Property is being …(Investment Tip Of The Week – 260 Taralake Terrace NE continued...) > read more
The First Rule of the Game: Privatizing Profits, Socializing Losses
Published on 2012-02-23 09:27:03
Joseph Stiglitz by World Economic Forum Joseph Stiglitz, Columbia University professor and Nobel laureate, made the phrase, “Privatize profits; socialize losses,” popular after he used it in an interview with CNBC. However, he isn’t the one who invented it. The …(The First Rule of the Game: Privatizing Profits, Socializing Losses continued...) > read more
Should Albertans Brace For the Wrath of the Have-Nots?
Published on 2012-02-20 06:12:27
Alberta by Hugh Lee Alberta Finance Minister Ron Liepert warned that the province should be prepared for billions in revenue from the province’s oil sands that will lead to tensions in relations with other provinces. “I don’t think any of …(Should Albertans Brace For the Wrath of the Have-Nots? continued...) > read more
Investment tip Of The Week – 149 Copperstone Circle SE
Published on 2012-02-16 16:43:02
149 COPPERSTONE Circle SE Incredible opportunity to get into you first family home or purchase an investment property in an excellent family neighbourhood! Located in the highly sought after SE community of Copperfield, this three bedroom 2007-built detached family home …(Investment tip Of The Week – 149 Copperstone Circle SE continued...) > read more
Mortgage Rates – 6th Week of 2012
Published on 2012-02-14 08:34:35
Source: RateSuperMarket.ca TD and RBC prematurely withdrew their offers for ultra-low mortgage rates. Toronto-Dominion Bank, Canada’s second-largest bank, increased its special four-year closed fixed rate mortgage by 40 basis points and its five-year closed mortgage by ten basis points, and …(Mortgage Rates – 6th Week of 2012 continued...) > read more
Mortgage Rates – 5th Week of 2012
Published on 2012-02-08 04:13:03
Source: RateSuperMarket.ca After the Bank of Montreal (BMO) offered a five-year fixed rate of 2.99 per cent, the lowest five-year rate in modern Canadian history, this week’s rate grew and the lowest five-year mortgage was offered by Dominion Lending Centres. …(Mortgage Rates – 5th Week of 2012 continued...) > read more
Calgary and Alberta Real Estate Market in 2011
Published on 2012-01-30 05:50:11
Calgary by Kevin Saff 2011 started with a few signals of improvement in real estate market. The condo market, which was impeded and stagnating at its bottom a year ago, began to pop back up, mainly thanks to a planned …(Calgary and Alberta Real Estate Market in 2011 continued...) > read more
Mortgage Rates – 3rd Week of 2012
Published on 2012-01-27 06:03:24
Prime and Qualifying Rate 3rd week of 2012 Source: RateSuperMarket.ca The Bank of Canada left its overnight rate target of 1 per cent unchanged for the 16th consecutive month. Mark Carney, BoC governor, said that although interest rates remain unaltered, …(Mortgage Rates – 3rd Week of 2012 continued...) > read more
Investment Tip of the Week – 106 – 635 57 Avenue SW
Published on 2012-01-26 05:44:54
106 635 57 Avenue SW INVESTORS ALERT THE BELGRAVIA BUILDING. This is the deal of the year so far and the best price in Windsor Park. Across from Chinook Mall, this 500 sq.ft 1 bedroom apartment is a steal at …(Investment Tip of the Week – 106 – 635 57 Avenue SW continued...) > read more
Renting vs. Buying: What to Choose?
Published on 2012-01-19 09:49:28
Calgary Neighborhood by Justin Scott Campbell Buying own home – who doesn’t dream about that? However, after financial crisis more and more people reconsider their dreams and realize that renting has advantages that are worth of giving up the own-home-dream …(Renting vs. Buying: What to Choose? continued...) > read more
Calgary Housing Market Stable in December
Published on 2012-01-18 09:47:06
Houses by DArcy Norman For the month of December, new listings for single family homes fell 41% for the month, and are down 1% for the year. Average price also fell 5% over last month but year over year …(Calgary Housing Market Stable in December continued...) > read more
Investment Tip Of The Week – 304 Douglas Glen BV SE
Published on 2012-01-18 07:22:51
304 Douglas Glen BV SE Come and view this diamond in the rough. Just a little bit of polishing to make this gem shine once again. This two storey 1996 home boasts over 1900 sq. ft. of finished area above …(Investment Tip Of The Week – 304 Douglas Glen BV SE continued...) > read more
Phoenix Phenomenon: Will It Occur Everywhere?
Published on 2012-01-12 05:54:37
House in a Bubble by Bill Harrison Steven Jon Kaplan’s prediction about one of the worst housing bubble scenarios is among the most radical of the dozens that have been published on the Internet lately. Looking at the Phoenix example, …(Phoenix Phenomenon: Will It Occur Everywhere? continued...) > read more