| Recent Blog Posts by Joel Ives | ||
PEI Real Estate Report - Mortgages, Know Where You StandWhen thinking about purchasing a new home, many of us put the cart before the horse. We start house shopping before knowing what kind of mortgage we qualify for. Knowing where you stand financially will put you in charge of your home buying journey and potentially save you the time and heartache to a home that was out of your reach.
There has been a lot of talk about low interest rates on mortgages ...
Posted by Joel Ives
on February 9, 2012
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New Mortgage Rules. How Do They Affect PEI Real Estate ?
On January 17,2011 Federal Finance Minister Jim Flaherty announced changes to government insured mortgages and new regulations to take effect on April 18,2011. Full details can be found on the Federal Government’s web page.
The new changes are:
Reduce the maximum amortization period to 30 years from 35 years for new government-backed insured mortgages with loan-to-value ...
Posted by Joel Ives
on January 19, 2011
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I'll Have An Espresso, Dinner, Extra Air Miles And Yes I'll take a 3 Bedroom With That !April is Open House Month at Century 21 Colonial Realty Inc.
We are hosting many open houses on the weekends in April. At each open house agents will be handing out coupon cards with the following offers:
Purchase a home through one of our agents and receive 100 Bonus Air Miles Reward Miles. Contract has to be in place on or before May 31, 2010
This is on top of the National Bonus ...
Posted by Joel Ives
on April 16, 2010
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New Canada Mortgage Rules- Good or Bad ?On February 16 Finance Minister Jim Flaherty announced changes to government insured mortgages. You can read the full release here
If you are like me..you read real quick and sometimes don't get the full explanation and can get bogged down by the details...so
First off---
YOU DONT NEED 20% DOWNPAYMENT TO BUY A HOUSE TO LIVE IN !
The changes are :
Require that all borrowers meet the ...
Posted by Joel Ives
on February 17, 2010
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Spring Market...Stanley Cup Playoffs..the same ?
As we get to the Stanley Cup final we as Canadians are excited but also wondering what we are going to do when it is over as we are not known to get overly excited about watching other sports on TV and many start counting down the days to the start of the next season.
The PEI real estate market in the Spring is a lot like the playoffs...you can start searching at properties ...
Posted by Joel Ives
on May 28, 2009
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Average ?.....Seriously Who Wants To Be Average ?Below is information that was released by Century 21 Canada for various areas of the country.
Let's face it, nobody wants to be average. It's the terrain of the unremarkable-the realm of the safe middle ground. But while "average" is by its very definition nothing to brag about, it does have its place in our world. It shows us the big picture. It reminds us where we stand, right?
Well, to ...
Posted by Joel Ives
on May 25, 2009
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Money For Nothing ! ...And The Fees For Free ?Money for Nothing
Below is a great article that was written from one of my oldest friends who I have coffee with every Saturday morning while our daughters go to dance class....more things than mortgage rates have changed with us since 1985.
The article explains the question or the statement from people "Who are building all these houses? and Where are they coming from ? I have asked him if I ...
Posted by Joel Ives
on May 15, 2009
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April Is Open House Month ! Find Your Home ! Win 1000 Air Miles And More !
Century 21 Colonial Realty is participating with Century 21 Canada in April Is Open House Month ! Not only will our purchasers benefit by being able to see a large number of open houses on the weekends in April but they will have the opportunity to enter into a draw for 1000 AIR MILES Reward Miles !
We are also giving out at each open house while supplies last...coupon cards that will ...
Posted by Joel Ives
on April 8, 2009
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PEI Real Estate Updates on TwitterCentury 21 Colonial Realty Inc is always working on staying current with technology and trends. We are working with an Online Marketing Firm called TopSearchResult.ca that specializes in real estate SEO, Pay Per Click and Social Media. We have a fan page on Facebook and now we have enabled a Twitter Account that allows other Twitter subscribers to follow and be alerted to new listings, price ...
Posted by Joel Ives
on March 15, 2009
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Bank of Canada Lowers Over Night Rate Again !Just received a message from Ritchie Simpson "The Mortgage Guy" at CENTUM Advantage Financial Group Inc about new rates coming...with this and programs such as the First Time Home Buyers Credit...this could be just what you need
Hi all,
So, The Bank of Canada has lowered the Over Night Rate again to 0.50% yes, that's right 1/2 of 1%. According to the media Canada's chartered banks ...
Posted by Joel Ives
on March 3, 2009
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Need Some Inspiration ? Take 2 minutes.With all things going on with the media (more US but Canada is catching up) with words like bailout, stimulus, foreclosures, etc I wonder where it all went wrong ??? Sure there are lots of explanations with financial situations such as price of oil, selling off of mortgages, the NASDAQ, stock market, etc it all seems to be tied to confidence. It comes down to confidence in your job, your investments,the ...
Posted by Joel Ives
on March 1, 2009
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First Time Home Buyer's Tax CreditEver since the budget was announced I have been trying to find info on the first time buyers tax credit which is part of the Canadian economic stimulus plan. I have gone on to the widely marketed www.actionplan.gc.ca and couldn't find it so after some "googling" found the below info from the budget document it is a bit down from this page.....hope it helps. There is lots of information to digest ...
Posted by Joel Ives
on February 23, 2009
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Federal Budget Assists New Home Buyers and Renovations!The Federal Government released the 2009 budget this week and it contained some interesting items....I am not an accountant so I will not analyze how the whole budget will affect each person and I am not political so no comments on whether it is good or bad.
I found the below (from Google) info from a KPMG newsletter...all in all money in your pocket is better than money out.
My highlights- 15% ...
Posted by Joel Ives
on January 30, 2009
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Bank of Canada Lowers Over Night Rate.
Ritchie Simpson from CENTUM Advantage Financial Group just sent me the following message.
"Well, if you haven't heard by now the Bank of Canada has lowered the Over-night Rate to a new 50-year low of 1%; the Over-Night Rate is the figure the Bank of Canada uses to signal to Canada's chartered banks what they should do with their lending rates. It appears that the chartered banks will ...
Posted by Joel Ives
on January 20, 2009
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The Sky is Falling !! The Sky is Falling !!!Yes we all remember the story of Chicken Little telling everyone the sky is falling and the end was near. Of course if you listened to all the news about the economy we would all believe Chicken Little. Yes the economy is going through a change but you have to look at your own situation as well as provincially and federally. On PEI we are somewhat lucky...we usually do not experience great increases ...
Posted by Joel Ives
on November 25, 2008
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