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Archive for 21. January 2010
BOC Interest Rates Unchanged
21. January 2010 by Kari Calder.
In the news on January 19th, 2010 it was stated that the government will keep the lowest practical rate of 0.25% until at least the middle of 2010.
In Saskatoon real estate we are still seeing a 5 year mortgage around that 3.99% mark which has been fluctuating slightly, but that seems to be a common rate with several lending institutions.
This means that you can still get locked into a 5 year mortgage for a very good rate or wait a few months with an open variable mortgage and then lock in before the rates start increasing, but beware that in 5 years your interest rates may change substantially so be careful to only buy a house in Saskatoon that is within your means and not at the very end of your means if you don’t have a job that will be giving you a raise accordingly! It is generally best to see a mortgage broker in Saskatoon to get the best rates.
As a realtor in Saskatoon I work with many buyers who have mortgage approval for much higher than they spend. I do have clients who do max out with their pre-approved amount, but they generally know that they will have a second income paying for the house (spouse, room mate, etc) or they know that their jobs are secure and their wage will increase.
Economic growth across Canada is still lagging a bit, but it is expected to be higher than originally expected in 2011. Our high Canadian dollar against the US dollar is hampering Canada’s recovery as exports are less desirable.
Saskatoon is always a bit different than the rest of Canada and our listing inventory seems to prove that people are buying houses in Saskatoon and the Saskatoon real estate market has been seeing a recovery.
Contact me if you are looking for a mortgage broker in Saskatoon to get you pre-approved to buy a house in Saskatoon. I have a few great mortgage brokers in Saskatoon who I work with who will get you the best rates and the best mortgage for your needs.
Kari Calder
Residential Real Estate Specialist
Century 21 Conexus Realty Ltd.
306-653-8222
karicalder@sasktel.net
Posted in Buyers, Canada Real Estate, Current Market, News, Saskatoon, Saskatoon Real Estate | No Comments »
Home from Thailand, back to Real Estate!
21. January 2010 by Kari Calder.
I have been fortunate enough to take a break from real estate in Saskatoon and go see some of the world this year. We went to see my parents, who purchased a condo for sale in Florida about a year ago, for Christmas. From there we went to Thailand for a few weeks and finally Cambodia before going back to Thailand and then home to Saskatoon. For those who know me at all, they know that travel is my passion (of course right up there with real estate!) but I kept tabs on the Saskatoon real estate market while I was away as that is my second passion. Its not a job if you love it, right? Although finding the time to catch up on my blog is a bit challenging!
While I was away the Saskatoon real estate market was a bit slow as it was Christmas holidays and offices were closed, but since the new year things have been steady. It appears that the current market is moving more towards a sellers market than a buyers market in some areas, but it is balanced in other areas. Last week we saw only 115 new listings of houses for sale in Saskatoon while the houses selling in Saskatoon were up to 52 (from 36 the week before). The total active houses for sale in Saskatoon is sitting at 696 with the single family homes for sale in Saskatoon down to 388.
My own personal inventory is down to just 1 listing as I sold all of the houses I had listed before I left for holidays, so I am ready to take on more listings! It is a great time to look at selling your house in Saskatoon.
If you are looking to buy a house in Saskatoon or are a first time home buyer in Saskatoon just starting to understand the process please contact me and I will be more than happy to help you purchase a home. There is no fee to use a buyer’s agent on a Saskatoon MLS listed property. There are many reasons to hire a professional Realtor (r) in Saskatoon to help you buy a home and protect your greatest investment.
Kari Calder
Residential Real Estate Specialist
Century 21 Conexus Realty Ltd
Saskatoon, Sk
306-653-8222
http://www.karicalder.com/index.html
Posted in Listings, Saskatchewan Real Estate, Sellers, Buyers, Current Market, Personal, Saskatoon Real Estate | No Comments »