Tags: Reviewed

17 Jun 2009, Comments Off

Fixed Rates Officially Going Up, Variable Rates going down.

Author: admin

Reviewed by Moishe Alexander, CFC CEO.

Great deals only last for a limited time. We all knew it was coming, we just didn’t know how soon…
Canada’s biggest banks are increasing key mortgage rates. Royal Bank of Canada announced the change on five-year, fixed-rate mortgages to 5.45%, an increase of 0.2%.

Bank of Montreal, Toronto-Dominion Bank, Bank of Nova Scotia and Canadian Imperial Bank of Commerce are following. The changes at RBC and BMO took effect on Tuesday this week, while new rates at TD, Scotiabank and CIBC were to be posted yesterday. ( I haven’t checked the news yet)

And those “special offers” from RBC, BMO and Scotiabank on five-year closed mortgages at 4.15% will also be subject to change without notice, reflecting a 0.2% increase.

On the other hand, variable rates are decreasing from Prime+0.80% to Prime+0.40%.

http://montrealrealestateblog.com/fixed-rates-officially-going-up-variable-rates-going-down/

16 Jun 2009, Comments Off

Vancouver real estate prices will drop less than expected

Author: admin

Reviewed and recommended by Moishe Alexander, CFC CEO

A recent surge in real estate sales has caused the Canadian Real Estate Association to sharply revise its expectations for price drops in British Columbia.
CREA, in its forecast released on Thursday, estimated that B.C.’s average house price will drop less than seven per cent over 2009, more than 3 percentage points less than the 10.6 per cent drop forecast in February.
CREA’s forecast that B.C.’s average price will drop to $423,300, instead of the $406,300 average it forecast earlier.
Going forward to 2010, CREA is now predicting that B.C. prices will start edging up again by almost two per cent compared with a 2010 drop of 0.6 per cent forecasted in February.
B.C. sales rose in April from the previous month, the B.C. Real Estate Association said Thursday in a news release, as buyers were drawn back into the market by lower prices and rock-bottom mortgage rates. And the inventory of unsold homes across the province dropped to the lowest level in 12 months, the association said, edging the ratio of sales to active listings close to the zone housing economists consider balanced between buyers and sellers.
“An increase in consumer demand combined with fewer homes for sale has trended the market near balanced conditions,” Cameron Muir, chief economist for the B.C. Real Estate Association said in an interview.
April was the third straight month that sales were higher than the previous month.

Peter Raab

http://www.peterraab.ca/vancouver-real-estate-market-updates/2009/05/vancouver-real-estate-prices-will-drop.html

5 Apr 2009, Comments Off

CFC Reviews CMHC Design Report: IDP — How is IDP Different?

Author: admin

There is no single element of integrated design that is revolutionary. Rather it is the sum total of all of the elements and what the team does with them that differentiates IDP from conventional design. IDP differs in intention and emphasis from conventional design.
Let’s look at the objectives in more detail. I’ll follow these with an example of how some of these come together in practice. Reviewed by Martin Lapedus.

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AIR Alexander Building Canada Canadian Funding Corp. Canadian Funding Corporation CFC cmhc construction Design IDP integrated design Moishe Alexander performance report Reviews Window Window Installation
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