Blog by DOINA BIOLAN B.Comm

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MORTGAGE RATES STABILITY

July 22nd, 2013
  Canada Mortgage Rates Might See Period of Stability as Home Sales Strengthen   U.S. Fed Chairman Ben Bernanke reminded markets last week in his “tapering is not tightening” remarks that the U.S. economy needs ongoing highly stimulative policy and that rate hikes will not automatically begin when the jobless rate hits 6.5 percent. The U.S. 10-year bond yield has come down from the ...

Buying a house:why the numbers 4,13 and 8 matter

July 17th, 2013
  Buying a house: Why the numbers 4, 13 and 8 matter Numbers mean different things in some cultures. The wrong one can lower a home’s value by up to $35,000. By: Mark Weisleder Real Estate, Special to the Star, Published on Sun Jul 14 2013 http://www.thestar.com/business/personal_finance/2013/07/14/real_estate_and_numbers_why_four_13_and_eight_matter.html What is it about the num ...

TESTIMONIAL FROM EVA AND MARIUS ZEKANY

July 16th, 2013
Doina we wanted to thank you for your professionalism , thank you for a job well done in helping us buy our first home in Calgary! Your excellent service, frequent communication, professionalism, dependability and negotiation skills made the process so much easier for us. We knew instantly that we had selected the right Realtor! We were so pleased that every phone call to answer our ...

Home prices

July 15th, 2013
Home prices suffer smallest annual increase since 2009: Teranet Bloomberg News | 13/07/12 | Last Updated: 13/07/12 10:52 AM ET Canadian home resale prices advanced at the slowest pace in almost four years last month led by a decline in Vancouver, according to the Teranet-National Bank Composite House Price Index. Prices across 11 cities rose 1.8% in June from a year ago, National B ...

Debt ratio standards

July 6th, 2013
  Stricter Debt Ratio Standards on the Way http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2013/07/debt-ratio-calculations-to-get-stricter-on-insured-mortgages.html If you’re a typical borrower, your debt ratios will largely determine if you’re approved for a mortgage. For applicants who push the limits of qualification, those approvals have been tougher to come b ...

RISING INTEREST RATES DILEMMA

July 5th, 2013
Rising rates creating increasing dilemma for homeowners Garry Marr | 13/07/02 | Last Updated: 13/07/02 5:34 PM ET http://business.financialpost.com/2013/07/02/rising-rates-creating-increasing-dilemma-for-homeowners/?__lsa=2e04-4f9e The interest rate dilemma has arrived again for homeowners. What once was a no-brainer decision, locking in your mortgage rate for five years or even ...

CANADA HOUSEHOLD DEBT RATIO

June 26th, 2013
  Canada Household Debt Ratio Falls for Second Time From Record By Theophilos Argitis - Jun 20, 2013 8:30 AM ET   The ratio of Canadian household debt to disposable income fell for a second quarter after reaching a record last year, suggesting consumers are heeding warnings about the risks of too much borrowing. Credit-market debt such as mortgages fell to 161.8 percent of dis ...

HOMES SALES BOUNCE BACK

June 26th, 2013
  Home sales bounce back, but a rate test lies ahead TARA PERKINS - REAL ESTATE REPORTER The Globe and Mail Published Monday, Jun. 17 2013, 9:24 AM EDT Last updated Monday, Jun. 17 2013, 7:43 PM EDT   Recovering home sales and stable prices are causing some analysts to declare that the housing market will avoid a hard landing. But the market has yet to face its biggest tests – h ...

RISING INTEREST RATES

June 26th, 2013
Rising interest rates: Consumers, investors face sudden shift TARA PERKINS AND TIM KILADZE The Globe and Mail  Canadians accustomed to cheap money are quickly realizing that the era of rock-bottom rates could soon be coming to a close. Since the worst of the financial crisis, government interest rates in Canada and the United States have remained exceptionally low, and for th ...

Biggest Flooding in Calgary since 1930's

June 21st, 2013
It looks like the worst is yet to come...the City just announced that Deerfoot Trail, the main highway from N-S witll close later tonight. I am praying really hard that Glenmore Reservoir will hold on and not break, that will be even more devastating. Losing the potable water is the worst that can happen, after all this..Pray, everyone...just pray..
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