Canada’s Housing Market to Stay Strong September 30, 2009
Posted by Mary Pougnet in Finance, Housing, Mortgages, Real Estate in Canada, Women and Finance.Tags: buying a home, first home buyer, first time buyers, home financing, home purchase, housing costs, housing markets, mortgage, mortgage financing
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Housing markets in major Canadian cities are set for more growth in the fourth quarter of 2009, according to a new Bricks and Mortar report by Re/Max, making this recession one of the shortest on record for real estate.
“In terms of its impact on the resale market, by historical standards, this recession was one of the mildest,” said Elton Ash, regional executive vice-president, Re/Max of Western Canada. “While there may still be some challenges down the road, the worst is definitely behind us in the housing industry.”
As observed in the spring and summer months, real estate has bounced back from the recession thanks to low interest rates, pent-up demand and improved affordability levels, the report said. It also listed the increases in sales in Canadian cities from January to August 2009, which was led by Vancouver (up 14 per cent), Victoria (up 7.4 per cent) and Edmonton (up 6.2 per cent).
Re/Max also noted that housing values are already ahead of record-breaking 2008 levels in seven of the 11 markets surveyed, including Newfoundland-Labrador (up 18.1 per cent), Regina (up 6.4 per cent) and Halifax-Darmouth (up 3.5 per cent).
“Prices are on the upswing and inventory levels are tightening, so the push toward homeownership is expected to continue throughout the fall and possibly into early 2010,” said Michael Polzer, executive vice-president of Re/Max Ontario-Atlantic Canada.
Most Expensive Housing Market….. September 25, 2009
Posted by Mary Pougnet in Finance, Housing, Mortgages, Real Estate in Canada, Women and Finance.Tags: buying a home, first home buyer, first time buyers, home financing, home investment, home purchase, housing markets, mortgage, mortgage financing, qualifying for a mortgage, real estate markets
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Vancouver remains the most expensive city for houses in Canada and the tenth most expensive city in North America, according to the 2009 Coldwell Banker Home Price Comparison Index, which looks at the prices of 2,200 square foot homes in different markets.
Vancouver’s average price was $1,262,625 (CDN) while Fort McMurray, Alta, beat out Calgary and Edmonton with an average price of $638,000 CDN. Toronto’s average price was $824,347 CDN.
“Despite record-breaking prices in many of Canada’s major markets, these homes are selling, as buyers take advantage of today’s historically low interest rates,” says the president of Coldwell Banker Canada Operations, who described the type of house surveyed in the study as the “aspirational home.” “These move-up buyers have been a critical component in our resurgent real estate market, and will continue to play a major role in Canada’s recovering economy.”
Charlottetown, PEI, remained Canada’s most affordable housing market with the average price of a 2,200 square foot home at $158,667.
Where to Get $300,000 in New Business Credit September 24, 2009
Posted by Mary Pougnet in Finance, Housing, Mortgages, Real Estate in Canada, Women and Finance.Tags: business credit, buying a home, commercial real estate investing, home financing, home investment, investing in real estate in the United States, mortgage financing, Mortgages, real estate investing, residential sales, women and mortgages
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The Million Dollar Business Credit Question is Answered …
One of the year’s most anticipated programs, Shortcut To Money Secrets, is finally going to be released on Tuesday.
So I want to share a video with you that can have a dramatic impact on your business and your profits. This short video details the 10 things you must know to start getting and using cash lines of business credit.
Go to the site: https://m353.infusionsoft.com/go/sms-launch/mary/
Just put your name and email address in there and watch the video. It doesn’t cost anything and it’s a fantastic watch, especially the bloopers at the end. Tom has already given away over 6,000 downloads of his new business credit forecasting software to my subscribers in the last week. So this new video of his is really going to answer the most important million dollar question about getting business credit that can be used for any purpose.
Go to the site: https://m353.infusionsoft.com/go/sms-launch/mary/
P.S. Remember that Tom’s new program goes live world-wide on Tuesday. So don’t miss your chance to get $300,000 in easy access business credit!
Need Money? The Secret About Credit That will Change Your Life. September 22, 2009
Posted by Mary Pougnet in Finance, Housing, Mortgages, Real Estate in Canada, Women and Finance.Tags: buying a home, commercial real estate investing, finances, home financing, home investment, home purchase, investing in real estate in the United States, mortgage, real estate, women and mortgages
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I’ve found a short cut to money that you have to take a look at. In the next two minutes your going to learn something about credit that most folks will never know. It concerns the most profitable loophole in the credit reporting system.
Interested? If you are, then please read this article written by national business credit expert Thomas Kish. This short cut to money has changed a lot of peoples lives.
By Thomas Kish, President of CashFlowExperts.Biz ……..
Almost everyone knows that a loan or credit card in your personal name gets reported to the credit bureaus. And this activity shows up on your personal credit report. The more you owe on your credit report, the lower your FICO credit score will be. And having bad credit will cost you dearly.
But – pay attention now – there is a way to get loans and credit cards that NEVER show up on your personal credit report. And here it is… Here’s how it works. When you get a business line of credit or business credit card In the name of a business, from my list of approved lenders – it will never appear on your personal credit report. So you can get large amounts of cash and credit lines from the banks I work with everyday without worrying about hurting your personal credit. You can use this cash for anything you want to, and your assets will remain confidential. And you can start a business on paper for almost nothing. Just pick out a cool name for your new business and submit it on-line. You will have your business papers back in a few days. Remember, no matter how much cash you take out in the name of your business, your personal credit score never drops. You can get $200,000 to $300,000 in cash and UNSECURED new business lines of credit by simply following my system.
An unsecured business line of credit is the easiest short cut to getting money that you will ever find. An unsecured business line of credit is simply a loan you get in the name of a business without having to give up any collateral. Business lines of credit come in the form of multi-year loans, convenient checks and business credit cards that offer cash advances that can be used anywhere. The money available from a business line of credit can be accessed as cash wired directly into your account, with check writing privileges or like any other credit card with a interest free grace period.
You can use business lines of credit for so many things -
1. Real Estate investing
2. Stock market investing
3. Starting a new business
4. Growing an existing business
5. Advertising
6. Creating an internet business
7. Writing a book or a screen play
8. Ebay business opportunities
9. Investing in livestock or race horses
10. Or any other business activity you can dream of .
This is the best way most people have ever seen to get cash to buy real estate or start a business. Because, in effect, the money is invisible. It does not show up on your personal credit report while you are using it. Some people may think this is to good to be true. But savvy businesses have known about business lines of credit for the last 50 years.
Isn’t it time you learn about this EASY money source too.
Go to: https://m353.infusionsoft.com/go/sms-launch/mary now to learn more!
About Thomas Kish. Thomas Kish is an author, speaker, business consultant and an active real estate investor. He is a national expert in the area of business credit and has shared the stage with best selling authors Robert Allen, Mark Victor Hansen, and Robert Kiyosaki . Tom has bought and sold 8 million dollars worth of real estate using business lines of credit instead of using his own money. And he has helped thousands of people change their lives with business lines of credit.
If you need money for your business check this out now!
https://m353.infusionsoft.com/go/sms-launch/mary
The Perfect Home …. With Some Improvements! September 17, 2009
Posted by Mary Pougnet in Finance, Housing, Mortgage Backed Loans, Mortgages, Real Estate in Canada, Women and Finance.Tags: buying a home, CMHC, finances, first home buyer, home financing, home purchase, mortgage financing, mortgage rates, new home sales, qualifying for a mortgage, refinancing a mortgage, renewing mortgage, women and mortgages
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Has this ever happened to you?
You are house hunting. You have already determined your price range. Now you find a home you love, at the upper limit of your range, but it needs a new roof! You can swing the purchase financially, but you will have no cash left for the new roof.
Enter the Canada Mortgage & Housing Corp. (CMHC) Purchase Plus Improvement Program. This program, administered by CMHC but funded by mortgage lenders, will allow you to finance the purchase of your home plus the cost of future renovations, all in your original mortgage!
These required renovations would be financed at the mortgage rate of interest, which is lower than the loan rate of interest. You would then spread the repayment of these renovations over 25 years, the same as your mortgage, resulting in an almost negligible change in your mortgage payment. There is no change in interest rate. There is no change in CMHC Insurance Premium rate and only a minimal increase in down payment.
Here’s how it works;
- You put in your Offer to Purchase showing… say a 5% down payment
- During the financing condition period you obtain bona fide written estimates for the work required… new roof say $5000
- This cost is then added to the Purchase Price
- You would need to increase your 5% down payment by $250
- The mortgage would be for 95% of the original Purchase Price PLUS the cost of the new roof.
Even though this program is available through CMHC, not all banks and mortgage companies participate. A Mortgage Broker will have the information you require and can arrange for a pre approval under this program. This will leave only the house to be qualified during the financing condition period.
For more information contact Mary Wozny, 705-446-9791 or email mwozny@mortgagealliance.com for guidance, and help to you decide what’s right for your situation.
Why Rate Isn’t Important……. September 16, 2009
Posted by Mary Pougnet in Finance, Housing, Mortgage Backed Loans, Mortgages, Real Estate in Canada, Women and Finance.Tags: buying a home, first home buyer, home financing, home purchase, housing costs, mortgage, mortgage financing, mortgage rates, new home sales, qualifying for a mortgage, refinancing a mortgage, renewing mortgage, women and mortgages
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What is the first thing that comes to your mind when you are thinking about getting a mortgage? If you are like the majority of Canadians you probably would say: rate.
Although rate is important in terms of getting the right mortgage, it is not the only factor you should consider when determining what mortgage is best suited for you.
Mortgage professionals have the experience and knowledge on a variety of mortgage options, and can advise you on the various advantages and disadvantages of each. This article will only touch on a few of the various options in the market, but hopefully illustrate that rate is only one piece of the puzzle.
Similar to most industries there is a large amount of jargon and idiosyncrasies that exist within the various conditions of a mortgage. At first these may appear insignificant, but if your financial situation suddenly changes these conditions may have a huge impact on what you can (or can’t) do. Take for example a condition that bonds you to the mortgage, even if you win the lottery and want to pay it out – you cannot.
On the flip side, suppose your three children are heading off to college, and you are heading for the bank (repeatedly), but the house of your dreams suddenly comes up for sale. Now some lenders allow you to amortize your mortgage over 30 or 35 years, as opposed to the usual 25 years, which means you can buy the house of your dreams and stay at a comfortable level of cash flow.
Since rate is a component of the puzzle, it should be noted that your effective rate of borrowing may be different then what you are quoted, meaning you may think you have a particular rate, but it reality it may be compounded weekly as apposed to monthly, or the teaser rate that you get for the first 3 months may increase dramatically after the initial months.
Another example is people with challenged credit and people who have been discharged from bankruptcy. Banks typically don’t want to deal with this type of client, while a mortgage professional has many lenders and programs to choose from for clients with these challenges. In these cases, rate is most definitely not the primary factor, securing the financing is the initial priority. Most often rates in this situation carry a very slight premium to the norm, yet are still highly affordable for the client.
These examples are just a few of the many mortgage options that are out there. It is always in your best interest to speak to an unbiased mortgage professional who can help you get the RIGHT mortgage.
Contact Mary Wozny, 705-446-9791 to get the right mortgage for your needs, email mwozny@mortgagealliance.com or apply online now at www.MaryWozny.com
Mortgage Debt Elimination Program September 15, 2009
Posted by Mary Pougnet in Finance, Housing, Mortgages, Real Estate in Canada, Women and Finance.Tags: debt elimination, home financing, housing costs, real estate investing, U. S. housing market
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Announcing a New 90 Days to Mortgage Freedom Program!
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New Canadians Drive Canada’s Housing Demand September 15, 2009
Posted by Mary Pougnet in Finance, Housing, Mortgages, Real Estate in Canada, Women and Finance.Tags: British Columbia real estate market, buying a home, first home buyer, home financing, home purchase, housing markets, mortgage agent, mortgage financing, new home sales, qualifying for a mortgage
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An interesting finding in a real estate trend report done by Scotia Capital indicates that almost 72 per cent of immigrants in Canada live in a dwelling owned by a household member. This brings them almost on par with the comparable share of the Canadian population.
As a result of stronger labour markets and mortgage product innovation, the homeownership rate rose for all immigrant groups regardless of how long they had resided in Canada.
As more immigrants transition from renting to owning, they will continue to drive housing demand, most notably in the condo market. Research has shown that immigrant homeowners are more than twice as likely to live in a condominium than their Canadian counterparts. The report also indicated that 69 per cent of immigrants who came to Canada between 2001 and 2006 settled in Toronto, Montreal and Vancouver.
Is Canada’s Commercial Real Estate Set for a Comeback? September 13, 2009
Posted by Mary Pougnet in Finance, Housing, Mortgage Backed Loans, Mortgages, Real Estate in Canada, Women and Finance.Tags: commercial funding, commercial mortgages, commercial real estate investing, finances, mortgage, mortgage agent, mortgage broker, mortgage financing, real estate investing
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As reported in Mortgage Brokers News and following dismal reports of Canada’s commercial real estate market seeing a 50 per cent decline in transactions in the first half of 2009, there are signs that it may be coming back to life.
According to commercial mortgage specialists, this is a good time for purchasers with strong backing. They are seeing an increase in volume year over year. Lenders are still being “very cautious and conservative”, with many of them going below appraised values for commercial buildings, the situation has improved from earlier this year. For buyers in strong positions, there are deals on industrial buildings and it appears that there is a “cautious” market coming back for hotels and plazas.
A recent story in Dow Jones also pointed to Canada’s commercial market recovering. Pierre Boiron, a real estate agent, developer and co-author of “Commercial Real Estate Investing in Canada” told the news service that slowing demand, inventory peaks and price declines are pointing to the bottom of an “adjustment phase” in the commercial market that will lead into an acquisition phase. “It means that the mess is being cleaned up,” Boiron told Dow Jones, also noting that the turnaround will be gradual and dependent on employment numbers.
Let It Go………. September 12, 2009
Posted by Mary Pougnet in Finance, Housing, Mortgages, Real Estate in Canada, Women and Finance.Tags: buying a home, inspiration, letting go, mortgage, motivation, qualifying for a mortgage, women and mortgages
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People who know me well realize that I care; they know that I help people, I inspire and motivate them; it’s my passion, my personal ‘raison d’etre’ as the French say. It’s how I earned the tagline of “The Motivational Momma” years ago. I love to study human nature, it’s fascinating and always interesting.
One crucial thing I’ve learned in life is that it always comes down to perspective and how we choose to view things, how we choose to react to things that occur in our lives. And so I like to include my tips and motivation pieces occassionally with the hope to touch upon your life and show you a better way to ‘lighten your load’. I reflect upon these myself and want to share one with you today. It’s called……
Quickly – Let it Go….
The energy you devote to being annoyed brings you nothing of value in return.
So choose to quickly let go of your need to be annoyed.
The time and energy you put into being offended adds nothing positive to your life.
So decide to quickly let go of your need to be offended.
Winning petty arguments will do nothing to enhance your relationships.
So find a way to quickly let go of the need to prove that you’re right.
There are many things that can hold you back.
But they’ll hold you back only as long as you continue to hold on to them.
Each day is filled with plenty of valid reasons to be angry, resentful, jealous, frustrated, offended and annoyed.
All that negativity can stop you cold if you allow it to take up long-term residence in your life.
So make the choice to quickly let it go. And free yourself to soar above it all.
