Sean Kavanagh - Blog - Sean Kavanagh

Recent Blog Posts by Sean Kavanagh
Global Market Mayhem May Keep Interest Rates Low. Bank of Canada Governor Mark Carney’s plans to raise interest rates this fall have been put on hold as a result of the continued financial struggles in both the U.S. and Europe. It was originally believed that the bank would be raising rates this September, but recent indications suggest that we could be looking at rates dropping again before we begin to see increases. Home owners concerned ... Posted by Sean Kavanagh on August 17, 2011		More
More Kind Words from Satisfied Clients It was pure chance that Danny and I chose Sean as our real estate agent when starting our search to buy a new home but upon our first meeting, we knew the fit was perfect. Many agents pay lip service to their client's wish list but you truly want your clients to be happy with the choice they make. I know we had quite the list but you were patient, ... Posted by Sean Kavanagh on August 17, 2011		More
Rising Personal Debt a Concern says Bank of Canada Low interest rates will “create their own risks” for the economy as it pertains to household debt levels, says the Bank of Canada deputy governor. With household debt reaching extraordinary high levels, the Bank of Canada urges people to show prudence in their personal finances. Bank of Canada governor Mark Carney also warns of the risks posed by overstretched Canadian households, ... Posted by Sean Kavanagh on January 11, 2011		More
Housing market begins to cool As anticipated, July 1st has come and gone leaving a cooling of the real estate market in its wake. With many buyers and sellers trying to complete transactions before July 1st due to the HST introduction, raising interest rates and new government regulations on real estate purchasing, we are now witnessing a collective SIGH in the market......the calm after the storm, if you will. Experts ... Posted by Sean Kavanagh on July 13, 2010		More
Average Family Debt Rises To $96,000 in 2009 A Canadian study on family finances says the average household debt has climbed to $96,000 in 2009. The number of mortgage payments that were at least 90 days late was up 50 per cent compared with 2008. There was also a 40 per cent increase in the number of credit card holders who were at least three months behind in their payments. The finance minister has announced changes to the home buying ... Posted by Sean Kavanagh on February 18, 2010		More
Finance Minister looking to cool this RED hot real estate market. Jim Flaherty has indicated that his measures to slow the Canadian real estate market back in July 2008 have not worked and he may need to take additional measures to prevent another housing crisis. Back in July 08, Flaherty decided to raise the minimum down payment for buyers from 0% down to 5%. He also lowered the amortization of mortgages from 40 years to 35 years. This seems ... Posted by Sean Kavanagh on February 16, 2010		More
Mortgage Rate Update Mortgage rates have eased slightly for both the fixed rates & the variable rate mortgages. The 5 year fixed rate has finally come back down below 4% to 3.99%. The variable has also moved down to prime (2.25%) plus .15% on a 3 year term & prime plus .20% on a 5 year term. The variable seems to be the way to go, as the economists are now predicting that the Bank of Canada rate will ... Posted by Sean Kavanagh on September 9, 2009		More
Canadian Home Sales, and Prices Jump in June Sales of homes in Canada jumped 31.5 percent in the second quarter from the first and saw their first year-over-year quarterly increase since before the peak of the financial crisis, the Canadian Real Estate Association said on Tuesday. The report is the latest piece of evidence showing that consumers are venturing back into the home market, encouraged by low mortgage rates and signs that the worst ... Posted by Sean Kavanagh on July 15, 2009		More
Interest rates may be on the rise If you have been considering buying a house, refinancing to see if it you can save money by lowering your monthly payments, or are interested in taking some equity out to pay for some renovations, pay for some upcoming large purchases, or even just to use that money to go on that much needed vacation, then now is the time to consult a mortgage broker and find out whether now is the right time for you ... Posted by Sean Kavanagh on May 30, 2009		More
Many Losing their Property Virginity this Spring! First-time homebuyers are being lured into the real-estate market this spring by falling prices, lower interest rates, a large selection of homes to choose from and new government incentives. Century 21 Miller Real Estate has shown a drastic increase in the number of real estate transactions since the beginning of the year and much of that can be attributed to the number of first timers not wanting ... Posted by Sean Kavanagh on May 27, 2009		More
Sunday Open House –Alton Village Corner Lot Freehold Beauty! JUST REDUCED to $333,900 Open house at 4886 Verdi Street in Burlington on Sunday May 24th between 2:00pm and 4:00pm. Upscale Alton Village corner lot beauty with 1900 ft2 of living space. 3 bedroom + Den and 2.5 bathrooms. Oversized Master bedroom with ensuite including soaker tub, separate shower and large walk-in closet. Eat-in kitchen with walkout to the fenced in yard. Separate dining room, ... Posted by Sean Kavanagh on May 20, 2009		More
Interest Rate Watch – May 15, 2009 Term Rate 6 Months 4.25% 1 Year 2.90% 2 Years 2.85% 3 Years 3.05% 4 Years 3.59% 5 Years 3.59% 7 Years 4.95% 10 Years ... Posted by Sean Kavanagh on May 15, 2009		More
Oakville Real Estate Market Report - April 2009 Oakville, Ontario: If you were ever looking for the right time to buy in Oakville, don't wait any longer as now is the time. With record low interest rates, large inventory of houses on the market and stabalizing prices, you might not want to miss out on the great opportunities to buy your Oakville dream property. Average housing prices in Oakville are gradually catching up to the prices of ... Posted by Sean Kavanagh on May 14, 2009		More
Sunday Open House! JUST REDUCED - Alton Village Corner Lot Freehold Beauty! JUST REDUCED! Open house at 4886 Verdi Street in Burlington on Sunday May 3rd between 2:00pm and 4:00pm. Upscale Alton Village corner lot beauty with 1900 ft2 of living space. 3 bedroom + Den and 2.5 bathrooms. Oversized Master bedroom with ensuite including soaker tub, separate shower and large walk-in closet. Eat-in kitchen with walkout to the fenced in yard. Separate dining room, bedroom level ... Posted by Sean Kavanagh on April 29, 2009		More
Let me top up your downpayment! Wanting to buy, but just don't have 5% for the downpayment, just ask your bank for a Cashback! Since the banks have got rid of 100% financing, there are now other alternatives to anyone who does not have a full cash downpayment. For a slightly higher interest rate (still extremely low), your bank is willing to top up your downpayment so you can reach the minimum 5% amount. Here are a few examples ... Posted by Sean Kavanagh on April 9, 2009		More
Open House - Alton Village Corner Lot Freehold Beauty! Open house at 4886 Verdi Street in Burlington on Saturday April 4th between 2:00pm and 4:00pm. Upscale Alton Village corner lot beauty with 1900 ft2 of living space. 3 bedroom + Den and 2.5 bathrooms. Oversized Master bedroom with ensuite including Jacuzzi tub, separate shower and large walk-in closet. Eat-in kitchen with walkout to the fenced in yard. Separate dining room, bedroom level laundry ... Posted by Sean Kavanagh on April 2, 2009		More
78 percent of first time buyers recognize the time is NOW! A new survey has found that 78 percent of potential first-time home buyers say that now is a good time to buy a home, despite widespread concern about the economy. Out of the 1,000 prospective first-time home buyers surveyed in early March for the CENTURY 21 First-Time Home Buyer Survey, 68 percent think now is a better time to buy than six months ago. Prices are the driving motivation for potential ... Posted by Sean Kavanagh on April 1, 2009		More
Renters deciding it is time to jump on the property ladder First-time homebuyers are being lured into the real-estate market by falling prices, lower interest rates, more selection and new government tax credit incentives. Century 21 Miller Real Estate in Oakville, Ontario has reported that sales were up in February, after a terrible January, driven by more first-time buyers entering the market. Many renters are deciding to stop paying the landlord's mortgage ... Posted by Sean Kavanagh on March 31, 2009		More
Interest Rate Watch - March 28, 2009 Term Rate 6 Months 5.00% 1 Year 3.25% 2 Years 3.79% 3 Years 3.99% 4 Years 3.94% 5 Years 3.99% 7 Years 4.95% 10 Years 5.25% Prime 2.50% Variable 3.30% Let me help you save money! Send me your email address or give me a ... Posted by Sean Kavanagh on March 28, 2009		More
The Hint of Spring Sparks Renewed Interest in Real Estate! House prices continued to slide across Canada in February compared to the same time last year, but activity was up for the first time since September. The Canadian Real Estate Association said Monday that resale home prices fell 9.2 per cent across Canada last month to an average of $281,972. CREA, also said the number of homes that traded hands on the MLS was up 8.6 per cent. "The first monthly ... Posted by Sean Kavanagh on March 27, 2009		More
Owning a home for what you pay in rent! In many real estate markets, prices appear to have fallen enough to make buying cheaper than renting. When you combine falling housing prices with mortgage rates that are near record lows, renters are now finding it easier to jump into home ownership. Historically, people rented because they couldn't afford to buy. Prices have dropped so much in certain real estate markets that monthly mortgage ... Posted by Sean Kavanagh on March 27, 2009		More
Home Renos That Pay Off On the heels of the Government unveiling their 15% income tax credit for home renovations, I thought I would send you some information on the three areas of your home where renovations will really pay off when you want to add value to your home. The Kitchen: The kitchen is the best place to put your money, hands down. According to the Appraisal Institute of Canada, the average amount home-owners ... Posted by Sean Kavanagh on March 27, 2009		More
Interest Rate Watch - How Low Can They Go? Interest Rate Watch - March 21, 2009 6 Months 5.00% 1 Year 3.25% 2 Years 3.79% 3 Years 3.99% 4 Years 3.94% 5 Years 3.99% 7 Years 4.95% 10 Years 5.25% Prime 2.50% Variable 3.30% Let me ... Posted by Sean Kavanagh on March 21, 2009		More
Gage Park Beauty! - Open House Open house at 23 East Bend Avenue South in Hamilton on Sunday March 15th between 2:00pm and 4:00pm. Great family home located steps from Gage Park. Freshly updated 4 bedroom, 2 1/2 storey beauty. Loads of character with original hardwood throughout first floor and new carpet on staircase. Recently upgraded kitchen w/ceramics with walkout onto large deck and fenced in yard. Separate dining ... Posted by Sean Kavanagh on March 10, 2009		More
Variable vs. Fixed Rates Bargain basement borrowing costs are prompting many Canadians to opt for fixed mortgages even though variable products continue to be a money-winning option for the foreseeable future, industry observers say. Canadian Imperial Bank of Commerce's chief economist Benjamin Tal says variable rate mortgages should produce the greater benefit for the next two to 2.5 years, but be a wash over five years. ... Posted by Sean Kavanagh on March 10, 2009		More

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