Real Estate Blog

 

 The Fort McMurray real estate market is a vibrant one, with many people looking to purchase or sell a home.   Generally, over 90% of homebuyers begin their search on MLS.com.  Posting photo’s of your home on the multiple listings website is the first step in encouraging potential buyers to come and view your home in person. The RE/MAX Wood Buffalo Property group has made it their mission to create a website that is easy to use and as a result the site is heavily used by buyers in Fort McMurray. On Average the site generates 150 - 200 hits per day!  Listing your home with the RE/MAX Wood Buffalo Property Group will grant you the ability to feature your home on www.FortMcMurrayRealEstate.com! Before posting any photos on the MLS there are a few things

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Are you in for a shock?

 

By Jason Scott

Mortgage Associate

TMG The Mortgage Group

1.877.408.7435

Jason.scott@mortgagegroup.com

www.refinancealberta.ca

 

The ultra-low mortgage interest rates homeowners are currently enjoying are anything but normal.

 

Rates won’t be this low forever and that means there’s a huge problem lurking ahead for most homeowners.

 

Canadians are enjoying super-low interest rates because foreign investors see Canada’s economy as a safe harbour compared to other countries.

 

These foreign investors are buying Canadian government bonds and pushing yields down on those bonds. That means lower mortgage interest rates for you and me.

 

How long this will continue is a very big question. Eventually the

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Article from BNN

Canada’s hot housing market is set to cool, with prices and sales expected to fall, according to the federally-backed Canada Mortgage and Housing Corporation.

The agency now expects the average home price to be $368,000 in 2012 -- down from its previous forecast of $372,700. It’s also lowering its average home price forecast for 2013 to $377,300 from $383,600.

The number of existing home sales are also expected to fall, the agency said in its quarterly outlook. It now expects existing home sales to come in at 466,600 units in 2012 and 469,600 units in 2013 -- down from its previous call for 472,300 units and 474,900, respectively.

But the number of new homes hitting the market will maintain strong, with CMHC now expecting the

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Article from Business News Network

Canadian home price index rises to record in June

Home prices in Canada rose in June from May, hitting a record high for the third consecutive month, the Teranet-National Bank Composite House Price Index showed on Wednesday.

The index, which measures price changes for repeat sales of single-family homes, showed overall prices climbed 1.2 percent in June from a month earlier. From a year earlier, the index was up 5.4 percent, but it was the seventh straight month in which year-on-year price gains slowed. No actual prices were given.

None of the 11 metropolitan markets surveyed showed a price decline from the month before. The same was true in May.

The producers of the data noted that the sharpest monthly changes

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