Edmonton Assumable Mortgaged Homes 
There are currently 3 blog entries related to this category.
Envision Edmonton Reaches Petition Goals, Still Gathering Signatures For Insurance
Wednesday, August 25th, 2010 at 11:28am. 16 Views, 0 Comments.
Envision Edmonton is not giving up on its bid to keep the Edmonton City Centre Airport open. This is in spite of the fact that one runway was already closed this past month and that council has already voted in favor of the closure.
The group with the terrier like focus already has enough signatures, over 78,000, to take the matter to City Hall. That trip is planned for this Thursday. Until then, volunteers are staking out shopping malls, Tim Horton’s and anywhere else they can find willing signers. Envision wants enough signatures in case some are deemed invalid. They are targeting at least 85,000.
Once the signatures are presented and verified, the airport issue will be forced to go to a plebiscite. The city has 30 days to validate the petition.…
The Mortgage Gods Are Loosening Their Grip
Tuesday, August 24th, 2010 at 7:22pm. 34 Views, 0 Comments.
The Bank of Canada reduced their 5 year benchmark rate from 5.79% to 5.49% this week. Expect to see this come down further to 5.39% next week, as the charter banks have already reduced their in-house qualifying rate.
How this affects you: lenders use this rate to qualify borrowers on variable-rate mortgages, lines of credit and shorter-than-5-year-terms. Reducing this rate helps people qualify for more lending options. NOTE: this rate is what is most often used for 100% financing as well, so your potential buyers who don't have a downpayment might just be able to get into the housing market with this option. If you haven't been in the industry very long, this rate is very much the same as where 5 year "best" rates were in 2007, so from that perspective,…
What the F*** is the Edmonton Real Estate Market doing???
Monday, March 1st, 2010 at 11:04am. 183 Views, 2 Comments.
Everyday I’m asked the same question “Is the market going to go up or down?” And everyday I respond with, “It’s hard to tell, if I knew for sure I won’t be here, I would be living on my private island in the South Pacific living like a king.”
But with that being said let me attempt to breakdown where the market is going.
Right now in Edmonton we seem to be sitting at a balanced market. The homes that sat throughout the winter seem to be moving a lit bit more. Traditionally winter is suppose to be the slow time for Real Estate, so as the snow starts to melt the buyers tend to come out and the winter sellers tend to drop their prices.
With the new mortgage rule creeping up we have also noticed the amount of pre-approved buyers has also risen.The average…
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