Barrie Real Estate Mortgage Rates at Historic Lows
Long term mortgage rates have dropped to the lowest level in Canadian banking history and the rush to “lock in” is expected to pick up! If you’ve been considering locking in your variable rate mortgage, the Bank of Montreal made a BIG splash this past week and was the first major institution to break the 3% mark with their ultra-low 2.99% closed fixed rate 5 year mortgage. Other banks answered back with their own incredible deals like ING Direct. They’ve come up with a 10 year, fixed rate product at 3.89% The TD bank has also lowered rates on six and seven year fixed rate terms and I am sure there will be more to follow. Farhaneh Haque, Director of Mortgage Advice and Real Estate Secured Lending at TD say, “the argument to lock in your mortgage rate has...
Read MoreWhat Determines the Right Asking Price for your Barrie Home For Sale?
Here is a reprint of an excellent article from Linda White. When listing your property for sale, the benefits of asking fair market value typically outweigh the pros and cons of asking too much or too little. After all, you don’t want to miss out on thousands of dollars that a buyer may pay nor do you want to chase the sometimes treacherous real estate market downwards. “It’s never a good thing when you have to drop the price,” says Rick Valouche, president of the British Columbia Real Estate Association. “Generally, a home should sell within the first 60 days, with the most activity within the first two to three weeks. If it sits after three weeks, then we’ve come on too high.” Dropping the price creates negative connotations among...
Read MoreBarrie Real Estate Outlook for 2012
Welcome to 2012!! Every new year brings a chance for resolutions and an opportunity to look back at the past year and look forward to new opportunities and personal improvements. According to Catherine Garbe, president of the Barrie & District Association of Realtors, the Barrie real estate market remains “balanced” heading into 2012. “It has actually been a fairly good summer and fall compared to a year ago” says Garbe. We all remember that 2010 featured some volatility in the market resulting from interest rates and the introduction of the provincial HST. “Compared to a year ago, the last four months of 2011 are up. Average prices have remained static. We are dealing with a balanced market” according to Garbe.* The majority of sales...
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Thank you for visiting Krista Alkerton's, Barrie real estate blog. Check back often as we will be adding regular content to help you stay on top of Barrie real estate trends as well as current listings of Barrie homes for sale.
Krista Alkerton
krista@alkerton.com
705.717.1590
