| Recent Blog Posts by Constantine Isslamow | ||
S&P/TSX composite index at its highest point of the yearThe S&P/TSX composite index has started the week Monday at its highest point of the year, up 66 points at opening bell. The benchmark is now up 19 per cent for the year and 41 per cent from the March 9th low.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on July 27, 2009
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Loonie trading at its highest level since October 2008The Canadian dollar has been trading at its highest level since October 2008. It was trading at 92.76 cents (U.S.) early Monday morning.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on July 27, 2009
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Are You Financially Ready to Buy a Home?If you're like most Canadians, your home is probably the most important investment you will ever make. But how do you know if you are financially ready for all the responsibilities that come with homeownership?
To help you avoid any unpleasant surprises, Canada Mortgage and Housing Corporation (CMHC) offers the following tips on how to assess your current financial situation, calculate your monthly ...
Posted by Constantine Isslamow
on July 25, 2009
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Renovation ResearchA survey on renovation and home purchases by the Canadian Mortgage and Housing Corporation that included ten major cities found 1.7 million households completed renovations costing a total of $21.3 billion during 2008. Renovations came to an average of $12,600 per home. More than half of the renovations were undertaken in order to update, add value, or prepare to sell the home.
Top Renovations ...
Posted by Constantine Isslamow
on July 25, 2009
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First Time BuyersAccording to a recent survey by CMHC, almost half (49%) of people planning to buy a home in 2009 are first-time buyers compared to a little over third (36%) of buyers in 2008. This illustrates a significant emergence of first-time buyers who can take advantage of the First-Time Home Buyer Tax Credit in the Economic Action Plan. The study found most first-time buyers fall between the ages of 25 ...
Posted by Constantine Isslamow
on July 25, 2009
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City of Peterborough 2009 Final Tax RatesTax rates multiplied by current value assessment equals tax on assessment.
Property Class/Subclass (C1)
Municipal Tax Rate (C2)
Education Tax Rate (C3)
Total Tax Rate (C4)
Residential RTEP, RTES, RTFP, RTFS, NTEP, NTES
1.2128320%
0.2520000%
1.4648320%
Multi-Residential MTFP, MTFS, MTEP, MTES
2.4391260%
0.2520000% ...
Posted by Constantine Isslamow
on July 24, 2009
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Recession Over This QuarterCanada's central bank predicted Thursday that the economy would expand this quarter, suggesting the economic contraction lasted for about nine months, considerably shorter than the previous two recessions in the early 1990s and the early 1980s.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on July 24, 2009
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Bank of Canada interest rate remains at 0.25 per centNo surprise with The Bank of Canada rate today as they have left its key overnight interest rate at 0.25%.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on July 21, 2009
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CENTUM CORE MORTGAGE RATES EFFECTIVE JULY 20, 2009
Effective July 20, 2009
GET THE MORTGAGE THAT MEETS YOUR NEEDS
With unbiased advice, fast, flexible service, competitive rates, and access to many lending sources, I can make sure you get the mortgage that meets YOUR needs. Call me today and SAVE!
Posted Rate %
Best Rate %
1-year
...
Posted by Constantine Isslamow
on July 20, 2009
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Average House Prices by City
Average House Prices by City
May 2009
May 2008
May 2007
Yellowknife
$337,577
$331,939
$316,443
Vancouver
$583,674
$624,639
$591,722
Victoria
$482,119
$514,100
$560,574
Edmonton
$326,332
$340,499
$357,839
Calgary
$382,632
$418,881
$429,298 ...
Posted by Constantine Isslamow
on July 17, 2009
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Average House Prices by Province
Average House Prices by Province
May 2009
May 2008
May 2007
National
$319,757
$318,761
$314,258
Yukon
$309,039
$304,871
$258,731
Northwest Territories
$337,577
$331,939
$316,443
British Columbia
$465,139
$477,448
$454,962
Alberta
$339,296 ...
Posted by Constantine Isslamow
on July 17, 2009
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Inflation rate falls to below zero in June, first time since 1994Canada's annual inflation rate slid below zero in June, falling to minus 0.3 per cent from 0.1 per cent in May. It's the first time the rate fell to below zero since 1994.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on July 17, 2009
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MLS ® Statistic Report Residential(single family) Activity by Area
2009
Listings
Sales
Sales/Listings Ratio
Average Sale Price
Area
Month
YTD
Month
YTD
Month
YTD
Month
12 Month
1UHTS,1NORT,1CENT,1SOUT
36
202
29
138
81%
68%
$224,510
$217,199
2NORT,2CENT,2SOUT
48
267 ...
Posted by Constantine Isslamow
on July 11, 2009
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June jobless rate rises to 8.6 percentCanada's unemployment rate rose to 8.6 per cent in June from 8.4 per cent the previous month. The economy sheds 7,400 jobs during June.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on July 11, 2009
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Real Estate Update
Peterborough and The Kawarthas Number of Units Sold by
Price, Average Days on Market and Sale to List%
January 1, 2009 - June 30, 2009
Price
Units Sold
Average Days
Sale to List %
<30,000
0
0
0
30000-39999
1
98
80
40000-49999
2
68
76
50000-59999
0
0 ...
Posted by Constantine Isslamow
on July 8, 2009
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Quarterly Report
April 1, 2009 through June 30, 2009
Price Range
Current # of Listings
Avg # of Sales Per Month
Selling Price % of List Price
Ave Days on Market
Remaining # Months Inventory
$<145,000
16
5
96
55
3.2
$145-185
54
29
97
47
1.9
$185-225
56
39
98 ...
Posted by Constantine Isslamow
on July 8, 2009
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June 2009 Real Estate Trend Indicator City of Peterborough
SUB-DISTRICT 1-5 SINGLE FAMILY HOMES
Residential
Unit Sales
Number of Bedrooms
Active
Listings
Price Class
2 or Less
3
4 or More
Price Class
2 or Less
3
4 or More
Under $100,000
0
0
0
Under $100,000
2
0
0
$100,000 - 149,999
2
5
1
$100,000 ...
Posted by Constantine Isslamow
on July 8, 2009
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US Marking Showing Recovery.There seems to be good news coming out of the States for our fellow REALTORS.
Although in a few recent interviews with Federal Chairman Bernanke it was revealed that the economy would probably start to slowly recover in 2010, NAR has reported a projected sales volume of 4.68 million transactions for 2009.
So what does that mean? Well, that's only slightly down from 2008 (which had a volume of 4.9 ...
Posted by Constantine Isslamow
on July 8, 2009
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Stats
Bank of Canada Interest Rate
April 21, 2009
0.25%*
June 4, 2009
0.25%
July 21, 2009
Next meeting date
Source: Bank of Canada
* Bank of Canada indicated it would keep interest rate at this level until June 2010
Bank Prime Lending Rate
April 22, 2009
2.25% ...
Posted by Constantine Isslamow
on July 2, 2009
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