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August 2019

Market Watch - Hot Market in a Scorching July
Typically, after the busy spring, July tends to be a slower month as people take vacations and spend more time with their families, but there was no slow down this past month, In fact, the Canadian Real Estate market recorded good sales numbers this past of July in most monitored areas. ... read more
Choosing Patio and Outdoor Furniture
Patio furniture can greatly enhance your outdoor living space. By choosing your patio furniture wisely you will not only create a great outdoor ambiance but will also extend your inside décor to the patio and backyard. ... read more
Condominium Occupancy Fees Explained
Whenever you purchase a new condo, there is a period of time between when you take occupancy of your unit and when you take ownership of your unit. This is known as the ‘occupancy period’ or ‘interim occupancy’. During this period you will be requested by the developer to pay occupancy fees or ‘phantom rent’ as it is also known. ... read more
What is a Mortgage Pre-Approval?
Securing a mortgage pre-approval is one of the first steps to take before beginning your house hunting process. A pre-approved mortgage is a tentative promise from a lender that it will loan you a certain amount of money for the purchase of the real estate, for a certain term and at a certain interest rate. The lender will base its decision upon your income, credit score and assets. ... read more
Buying an Old House! A Money Pit or Gold Mine?
It's like a love affair; some older homes make your heart skip a beat! It is hard not to fall in love with an older home’s historic unique architecture, gabled roofs, hardwood floors, crown moldings, and antique light fixtures—older homes definitely have their charm. ... read more
 

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NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Months 3.34% 3.30%
1 Year 3.59% 3.04%
2 Years 3.74% 2.89%
3 Years 3.89% 2.79%
4 Years 3.95% 2.95%
5 Years 5.34% 2.69%
7 Years 5.80% 2.99%
10 Years 6.10% 3.04%
Variable Rate 2.90%
Prime Rate ** 3.95%
*last updated: August 14,2019


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