| Recent Blog Posts by Patrick Galesloot | ||
Mortgage Rates Are On The RiseIf you have been wondering when to lock in your interest rates or ensure you have a rate hold, it looks like now is the time.
The Globe and Mail posted this yesterday:
"Royal Bank of Canada, the country's largest bank, has raised mortgage rates again. The move, which will result in a 0.25 percentage point increase in the cost of a number of fixed-rate mortgage products that the bank offers, ...
Posted by Patrick Galesloot
on April 14, 2010
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First Time Buyer ExcitementIt's always a thrill to be able to help first time home owners find their first home. It always takes me back to when De and I found our first home. We really didn't know what was happening or what we were doing, and really kind of shocked to know we COULD own a house. That was 1996, in a market place that was more a buyers market than a sellers. Interest rates back then were ...
Posted by Patrick Galesloot
on May 30, 2009
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Red Deer Real Estate Weekly Update, week ending March 22Last week in real estate was another steady week. Friday was a highlight on the financing front when it was annouced by mortgage brokers the 5 year rate was available at 3.99%.
Yes 5 year mortgage at 3.99%!! Wow record low rates combined with excellent selection and buyer negotiating ability makes for an ideal time to buy real estate. Today I spoke with Scott at Regional Mortgagevia ...
Posted by Patrick Galesloot
on March 24, 2009
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Red Deer Real Estate, Last Week March, 2009March continues to roll along following the increase in volume that occurred in February.
Weekly Numbers:
We noticed a slow down in the number of listings coming on. This is a positive sign for sellers already on the market, they enjoy the decrease in competition. This is not a trend yet we shall continue to monitor the weekly movement as well as monthly.
March at a glance:
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Posted by Patrick Galesloot
on March 18, 2009
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Red Deer Real Estate Update part 2A busy few days kept me from updating on how February ended in Red Deer. It ended on a positive note. After experiencing a few months of sluggish sales we experienced an increase over January.
The bulk of the activity is occurring in the $250 - $350,000 range. The activity that occurred in January in that range probably pushed the wave up into higher ranges for February. ...
Posted by Patrick Galesloot
on March 8, 2009
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Real Estate, budgets and drop in prime, what does that mean to you?I’ll tell you, it’s a good thing. A rate drop means that borrowing money to buy a house or that line of credit is cheaper. Those home equity lines of credit with variable rates are looking pretty darn good these days. Now this budget delivered today would have us getting credits and reductions. Putting more money into our pockets to buy the things we need. This combined with some of ...
Posted by Patrick Galesloot
on January 27, 2009
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