Factors that will drive up Canadian mortgage rates
There are several factors that help determine if Canada’s mortgage interest rates are set to increase or decrease. As we’ve seen as of late, the rates have been creeping upwards and I’m not sure if there is any end in sight any time soon. Here’s a few factors that will determine the interest rates: 1. The strength in the US …
Read MoreMortgage free getting a little tougher; found survey
A recent survey conducted for CIBC by Angus Reid found that on average, Canadians expect to be mortgage free by age 58, one year later than a similar poll conducted last year. Living mortgage free for most, signals the age to retire. With the age of obtaining that dream getting larger, it may seem like a hopeless situation for some. …
Read MoreFebruary Saskatoon Real Estate Update
The Saskatoon real estate market has been a busy one in February. MLS sales are up 22% from 2010 while listings are only up 9% from 2010. The most active price range of houses for sale in Saskatoon last month was $250,000-$275,000 which indicates the entry level homes are the hottest commodity right now. With the changes in mortgage rules that …
Read MoreMortgage rules to change in March
This is a long overdue post mostly because I have been so busy showing Saskatoon homes for sale due to the change that I have not had time to write about it! I have also been busy showing houses for sale around Saskatoon as there are lots of great new homes for sale in Warman and Martensville. As of March …
Read MoreInterest Rates Have Gone Up
We have had some warnings the past few days that rate hikes were coming and I just got confirmation from Centum Canada Mortgages (the Century 21 affiliated mortgage brokers) that rates have indeed gone up to 3.79 for a 5 year term. If you are thinking about buying a house for sale in Saskatoon it doesn’t hurt to get your …
Read MoreFirst Time Home Buyer Mistakes and How To Avoid Them
As a Saskatoon real estate agent, I enjoy working with first time home buyers in Saskatoon. I have a few documents for my first time home buyers in Saskatoon which helps answer questions before they arise and it is always a good thing to come back to when looking to buy a house for sale in Saskatoon and area. The …
Read More