at 251 Regent St., Sudbury, p3c-4c6 Canada
Real Estate information for Sudbury and surrounding areas, all the tools you require to make an informed decision about Real Estate buying or selling.
I began my Real Estate career in 1994. With a proven track record of customer service well after the sale. My goal is to be your Realtor for life unless of course I help you move away from the Sudbury area. Even then I have numerous contacts in many other cities around the globe to ensure your move is seemless. As a life long resident of Sudbury I can help guide your family to an area that meets your needs and lifestyle. In 2012 I made a professional move to become a Broker / Owner and introduce Executive service to real estate Buyers / Sellers / Investors in the Sudbury market. I have served on the Sudbury Real Estate Board in many positions over my tenure. serving as President of our association for 2012-2013, I have been a director for many years and Chaired as well as sit all committees to help foster the growth of our association.This has helped me stay current with the continuous changes in the real estate industry and provide knowledge to all my clients and associates We've got you covered, when you choose an Executive to represent your interests we collectively work together to satisfy our clients meaning we have agents available when you need us "Guaranteed" Realty Executives agents support the Canadian Diabetes Association. We are a proud member of the Sudbury Chamber of Commerce.
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Ontario set to lead the economy in 2015 says TD Bank With the decline in the energy and raw materials sector it will be Ontario that leads the nation’s economy in the coming months. That’s the finding of a report by TD Bank which predicts growth in Ontario of 2.5 per cent with BC at 2.4 per cent and Alberta on 2.3 per cent. The bank says that interest rates are likely to stay low it says as a slowdown will curb inflation concerns. There are concerns though about the housing market in Alberta; the report notes that oil workers make up a fair chunk of those in the market and may be under pressure in the coming months along with other parts of the economy that rely on the industry.
Most Read CMHC fee increases could add hundreds of dollars to mortgage cost CMHC is to triple the charges it makes to some financial institutions. The fee increases will be for guaranteeing loans in the mortgage-backed securities market, which the agency operates under the National Housing Act. Some experts are predicting that the hike in fees will filter down to homebuyers with the likelihood of a few hundred dollars being added to the cost of a mortgage. The fee for mortgages with a five-year maturity will rise from 0.2 per cent to 0.6 per cent. The move could however benefit smaller lenders as for annual mortgage guarantees below $6 billion the new rate will be 0.3 per cent. November turns cooler, even in the hottest markets House prices were down by 0.3 per cent nationwide in November with cooler conditions even blowing through Calgary and Toronto. The latest Teranet-National Bank Home Price Index shows that eight of the 11 major Canadian markets saw prices easing and the national decline was the first for a year. The lowering prices range from 1.6 per cent in Halifax to 0.2 per cent in Calgary. Year-over-year prices of course are a different story; Calgary up 9.2 per cent; Toronto up 7.3 per cent; Hamilton up 7 per cent; Edmonton up 6.2 per cent; Vancouver up 5.9 per cent. The report notes that the slight decline in prices over a month does not detract from the markets where prices are still at near-record levels and the bank expects that it will only really change when interest rate rises put pressure on affordability.
Early 2015 will see home-buying surge HomeNews by Jamie Henry10 Dec 2014 The prediction of a mortgage rate hike in 2015 is likely to bring a surge of investors into the market early next year, according to a new report, as buyers aim to secure a low rate before the Bank of Canada ends its one per cent run. The annual Housing Market Outlook, published by Re/Max this morning, forecasts an increase in mortgage rates as early as May 2015. The Bank of Canada has already hinted at a rise in the new year, though it didn’t specify when. The report also points out another potential reason for a surge of investors in the early part of 2015: it expects the year's sale prices to rise by three per cent in Vancouver and Calgary, four per cent in Toronto and Edmonton, and six per cent in Moncton, driven largely by continued low interest rates, strong GDP growth and an influx of some 285,000 permanent residents. “Canada’s housing market is mirroring the resilience of our economy,” said Gurinder Sandhu, the regional director of Re/Max Integra Ontario-Atlantic. “Housing demand is being supported by steady employment and immigration, while our GDP is expected to grow another 2.5 per cent in 2015. This is mitigating the effects of higher inventory, which many markets have been experiencing due to increased development.”
Canada will need 4.5 million more homesHomeNews by Jennifer Paterson11 Dec 2014 Historical predictions of an oversupplied housing market caused by a mass exodus of baby boomers from their residential homes have been debunked by a new study. The report, Trends in Housing Occupancy Demand, which was published this week by Urban Futures, found that Canada will actually need another 4.5 million homes for incoming generations in the next 30 years, as baby boomers remain in their homes. “The boomers, who are in their mid-50s to late-60s, are all still in their homes,” said Andrew Ramlo, executive director of Urban Futures. “There has been no necessity for the buster [generation] to replace them because they’re still clogging up the housing market, especially in family-style housing.” Ramlo added that this phenomenon should not impact housing prices. “If we have a growing population and more people that need to be housed, it shouldn’t push down prices because supply will not start to exceed demand in that context,” he said. But, aside from building another 4.5 million homes in the next three decades, how will the industry ease the baby boomers out of their residential properties to make room for the next generations? Ramlo suggested an increase in the supply of the alternative. “If you want someone to downsize out of their single-family home, you have to give them an alternative in their community,” he added. “My parents, for example, didn’t have a great attachment to the bricks and mortar, but what they were attached to was the community. “As long as supply and availability of alternatives to the single-family home start to get added into some of those communities, the prominence of downsizing will increase over time.” And perhaps the pure value of many of these boomer-owned residential properties will push that generation to finally put their homes on the market. “The best example here in Vancouver is Dunbar,” explained Ramlo. “Somebody who lives in Dunbar, and has done so for the last 20 or 30 years, is now sitting on a multi-million dollar property that they probably bought for maybe $30,000 or $40,000. “The immense value that is embodied in that residential real estate gives a lot of people alternatives. That’s something that I think will drive some of the investment; people will free up some of the capital that is embodied in the residential real estate. From an investor’s perspective, that’s something else to consider.”
Bank of Canada Announcement Sept 7,2011 Ottawa, Ontario - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The next Bank of Canada Announcement is scheduled for October 25, 2011 Bank prime is 3.0%