There’s a revolution going on in Canada’s housing market, one that is propping up prices and extending the boom.
More buyers are choosing mortgages with longer payback periods.
By stretching payments over 30 to 40 years (instead of the usual 25), they can enter the market sooner or buy a better property.
Mortgages with longer amortizations have caught on like a housClick HERE for the entire article
I will have to apologize to all of our customers who were trying to surf our web site last weekend. Last weekend we had some server problems that have now been resolved. If you were on the site, you may have noticed that the site was up and down all weekend and when it was up, it was very slow. In fact, the past couple of weeks the site has been a little slow.
The reason: Our hosting company was having problems with our web and database server and the communication between the two. Server problems were initially making the site very slow the past couple of weeks and then the server finally crashed.
The problem was resolved on Monday, March 17th, and as you can tell now, the site has been up since and the pages are now loading faster than ever.
I do apologize to all our customers for this inconvenience.
Thanks
Jason Wall
Moose Jaw Times Herald
Just because local real estate prices are on the rise doesn’t mean Moose Javians should expect a mortgage crisis like in the U.S., said local property ownership experts.
Click HERE to read entire article
Here is another GREAT article about buying real estate in the United States. I am a firm believer in investing in the US real estate market if you are in it for 5 - 10 years. If you want to buy and flip, now is not the time to buy. But if you want to buy and use the home as a vacation property and rent it out to other vacationers, now is the time to buy…(of course, in my humble opinion). I will continue to include articles about the US real estate market
A Registered Revival Southern Plan
William Hanley, Financial Post
Published: Saturday, February 16, 2008
Leaning into a stiff west wind on Danforth Avenue in Toronto’s east end last week, I decided that Canada in winter is no country for old men and women. The wind chill was minus 18C. Toronto, it seemed to me, had a permanent grimace etched on its drab face, a continuous hunch in its shoulders.
Click HERE to read entire article
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I read an article today that was very interesting. Here is what the last paragraph said in the article:
“Saskatchewan was also strong, with sales in Regina rising by 43.7 per cent while the average price rose 69.1 per cent, and in Saskatoon by 37 per cent with the average price up 36.5 per cent.”
But if you read the entire article thought, it states that real estate actvity is coming down across Canada except in Saskatchewan, Newfoundland and Labrador. This is GREAT news to all of us in Saskatchewan.
With a lower cost of living, a simpler lifestyle, open prairies, a commodity windfall in the next 5 years, Saskatchewan’s economy is set to BOOM…and real estate is coming along for the ride.
CLICK HERE to read entire article
Note: Don’t let the beginning of the article fool you…the most important part of the article is the last paragraph.
