May_2012

Market Watch – May 2012
Single-family housing market shifting towards sellers’ territory.
The single-family market continues to tighten with relatively low supply. Sales growth continues to outpace new-listings activity, placing downward pressure on inventories. As the market tightens, single-family homes are selling quicker, and there h... ... read more
Tips for buyers attending open houses
Open houses can be of a great help for buyers to see what is available for sale in a particular neighbourhood and compare price and features of those houses. However to make the most out of your open house tour, you need to be prepared. Here are some... ... read more
Interior Design Tips: Home Theatre Decorating Ideas
A home theatre has quickly become a must-have for practically every family. From the simple family room setup to a much more elaborate theatre-seating wonder, today’s home theatres aren’t just for the wealthy anymore. ... read more
Five Home Renovations That Pay Off
When it comes to preparing your home for sale, some home sellers make it their objective to get the most return on their homes. Before starting any home improvement, you should evaluate the return on investment (ROI). Ask yourself what renovations wi... ... read more
Mortgage Talk: Low Interest Rates and the Current Real Estate Market
Record-low borrowing costs combined with the growing realization that the economic storm is passing have fuelled the remarkable recovery of the real estate market in Canada. However, it is important to understand some of the issues that have surfaced... ... read more

This Newsletter is brought to you courtesy of:
Barbara Pomirska
Sales Representative
Sutton Group Summit Realty Inc.
1100 Burnhamthorpe Rd.W#27
Mississauga, ON, L5C 4G4
T: 905 897 9555
F: 905 897 9610
D: 416 669 9541
bpomirska@sutton.com
www.barbarapomirska.com



 

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NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Months 4.45% 4.40%
1 Year 3.20% 2.75%
2 Years 3.55% 2.99%
3 Years 3.95% 3.20%
4 Years 4.65% 3.25%
5 Years 5.15% 3.29%
7 Years 6.35% 3.99%
10 Years 6.75% 3.99%
Variable Rate 3.00%
Prime Rate ** 3.00%
*last updated: May 15, 2012


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