All Posts in Category: Blog

Good morning everyone to the first day of March. 3 weeks to official start of spring but already about 1month overdue for me! What’s the BUZZ? Mortgage Rates going up? / Mortgage rates going down? Forecasts: You should always read past the headlines! It’s been over 10 years that many people have been expecting/forecasting a…

Since being back from vacation (2 weeks Sunday) I have been personally involved in 3 bidding wars. 2 for buyer clients, and one for my selling client. I have been also monitoring specific properties of interest for buyer clients and noting that selling prices have been setting new records (by quite a bit) for certain home types and neighbourhoods. There does not seem to be any slowing down on upward pressure on sale prices as quality inventory is virtually non-existent!

RBC is now cutting its two-, three-, four- and five-year fixed mortgage rates each by 10 basis points. In an emailed statement, the bank said that some mortgage lenders have recently been pricing at lower rates, prompting it to move.

From the news: “In the opening days of 2014, John Quarrie and Lindsey Robins decided to spend a bit of time looking for their first house. They looked at one house on a Friday evening and 24 hours later were the victors in a bidding war on a different property.”

2014 has started with an icy chill and the weather has made it difficult for both home buyers and sellers to get around. None the less this year is expected to be robust and surpass 2013 sales figures both in volume and in pricing.