Wes Smith RE/MAX Ocean Pointe
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Fax:250-390-3105
Cell:250-947-0314

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Monday, January 30, 2012

No housing crash coming in Canada, BMO says

'Dramatic correction is unlikely,' Bank Says  

 Mortgage rates dropping due to cheap bonds

 

The Bank of Montreal poured cold water on the idea Canada's housing market could be headed for a crash, suggesting that prices are only "moderately high across the country."

 

"Expect the housing boom to cool rather than crash," BMO's chief economist Sherry Cooper...

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Friday, January 13, 2012

December 2011 MLS® Sales Summary

 

 

Links:

December 2011 MLS Sales Summary

Board Area Home Sales Map

 

 

 

Detailed info:

 

Nanaimo

Home Sales Map

Graphstats

 

Parksville - Qualicum

Home Sales Map

Graphstats

 

Cowichan Valley

Home Sales Map

Graphstats

 

Comox Valley

Home Sales Map

Graphstats

 

Port Alberni

Home Sales Map

Graphstats

 

Campbell River

Home Sales...

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Friday, January 13, 2012

2011 Vancouver Island Annual Home Sales Maps

 

Below are the links for the downloadable PDF files.  Each file shows total 2011 Home Sales Summary, courtesy the Vancouver Island Real Estate Board.

 

Nanaimo (incl Lantzville)

 

Port Alberni (incl Tofino and Uculet)

 
Cowichan Valley (Duncan, Ladysmith, Chemainus, Cobble Hill, Lake Cowichan)
 
Parksville Qualicum (including Nanoose...
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Friday, January 13, 2012

Mortgage Rates Reduced to an ALL TIME LOW (for a limited time)

Lots of buzz today over the Bank of Montreal's reduction of their mortgage rate to 2.99% for a 5 year fixed term. The only catch - it's only available until January 25th.

 

Likewise, TD Canada Trust is offering teh same rate for a 4 year term.

 

Why is this important? Well, if you have been sitting on the fence regarding buying a house or remortgaging your current home,...

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Sunday, November 27, 2011

MORTGAGE INSURANCE: BEWARE!

See the full video from CBC News MARKETPLACE here:
 
 
 
Mortgage insurance: Not always a sure thing

 

If you have a mortgage on your home, chances are good you also have mortgage insurance. The idea is that if you should become seriously ill or die before paying off the mortgage, the coverage will kick in and pay it off...

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