Pssst: Did you get my flyer?

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It is now thursday, and if my calculations are right and you live in (one of ) the areas where I advertise, you should have received my flyer on your mailbox. If you are wandering what it is, the one side looks like this... The other side will change monthly, with a different message. I've never been much of a flyer advertiser, but this time I've decided to concentrate on the areas … [Read more...]

No Escrow in Montreal

We don't hear about Escrows in Montreal. Believe it or not, my fellow Real Estaters (I think I just created a new word) from other provinces and countries. The first time I heard, actually I didn’t hear it, I READ the word Escrow it was in a Condo Buyer’s Guide I picked up for my clients, and right next to the glossary description of escrow there was a note: Not applicable in … [Read more...]

What’s Included on the Closing Costs?

To first time buyers, closing costs are always sort of a mystery: They have a slight idea of what it is, but don’t know what’s specifically involved or how much it will cost. Many people think it is just the notary fee and that’s all. Sorry folks, that’s not just it. In addition to the mortgage down-payment, you (the buyer) will need to put aside some money for the costs related a … [Read more...]

Canadian Home Buyers Savvy and Optimistic

Canada Mortgage and Housing Corporation's (CMHC) 2009 Mortgage Consumer Survey results were released last week, and indicate that nearly 90% of recent home purchasers across the country believe that home ownership is a good long-term investment and that almost 70% think that now is a good time to purchase a home in their community. Buyers are knowledgeable about the mortgage process and their … [Read more...]

Important factors for first-time homebuyers: Affordability and job security

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According to a report released today by Royal LePage Real Estate Services, Canadians who are considering purchasing their first home are primarily motivated by lower home prices and very low interest rates, but some require confidence in the economy and their employment prospects before they will enter the market. 86% of potential first-time buyers say low interest rates make them more likely … [Read more...]

Property Hunting: Diligence is The Key to Your New Home

Even when the numbers from the last couple of months show otherwise, the sales in March are increasing. I'm not saying this because I have access to the stats (yet), but because I've been extremely busy working with buyers, visiting properties and trying to make offers. Yes, trying. Let me explain: By the time the visit's over and we're deciding on the purchase price, I get a call from the … [Read more...]

Condo Hunting: Price, Area and Size Matters

Lately I've been getting a lot of calls from buyers requesting condos in the downtown area for under 150,000. While we do have them in the system, a lot of these properties are either "fixer-uppers", small in square footage or located in the basement and/or semi-basement (terrace level) Remember that the price will be set according to certain factors: Location by neighbourhood (Downtown, Old … [Read more...]

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