WINTER NEWSLETTER 2014

We are just into the early part of January and already we are ready for winter to be over.  We seem to be in a sellers market at moment as inventory is down from traditional numbers at this time.  This could be due to the cold weather and the amount of snow we have already seen. 

Royal LePage is still expecting to see some growth for most of Canada in 2014.  Mortgage rates continue to remain affordable with 3 year fixed discounted just below 3%. 

The sought after price range has increased somewhat this month from about 170,000 to about $280,000. 


For a complete newsletter please email lynnebrady@royalkey.ca Subject: Newsletter. We will put you on our list to receive our quarterly Newletter that features things happening in the community, a market update from me, mortgage rates and an article of interest for those looking to buy/sell and homeowners alike. 

 


FALL NEWSLETTER 2013

The Fall market this year seems to be a bit slower than in past years.  I'm finding that buyers are looking for a specific type of home and location.  Sellers who take the time to stage their home are benefiting from a market with little product. 

The sought after price range remains $180,000 to about $240,000.  New housing continues to remain competative though we have seen prices start to rise by approximately $10,000 on average due to lot prices and the prices for some materials that we have seen increase in 2013. 


For a complete newsletter please email lynnebrady@royalkey.ca Subject: Newsletter. We will put you on our list to receive our quarterly Newletter that features things happening in the community, a market update from me, mortgage rates and an article of interest for those looking to buy/sell and homeowners alike. 


 



SUMMER NEWSLETTER 2013

Lots of things happening in our local market. We are seeing more multiple offers on those homes that are priced to sell and are staged for the buyer. Interest rates have started to increase due to the Bond market. Special rates have increased over the last few months but prime has remained the same thus the variable rate has remained stable. Definately, many things to consider when looking for a mortgage: rates, payment options, if you have to requalifty at the end of each term, penalties etc. For the first time since the beginning of my career in the 80's we are actually seeing clients consider 10 year rates due to specials of 3.69%, almost the same as the 5 year. We are also expecting CMHC to make further changes by years end. Persons will now have to qualify at the posted rate and not the rate special which could mean the difference of 2% in some cases. For those that have a guarentor, unless the guarentor lives in the home their income will not be considered when qualifying. Overall, rates are still very attractive under the 4% for a 5 year term for most lenders. 

The sought after price range remains $180,000 to about $240,000.  New housing continues to remain competative and a strong option of many families looking for a turn-key home.  Some fabulous lakefront and riverfront homes have come onto the market and Sarnia is now seeing more than just a few homes sell for over a million each year.



For a complete newsletter please email lynnebrady@royalkey.ca Subject: Newsletter. We will put you on our list to receive our quarterly Newletter that features things happening in the community, a market update from me, mortgage rates and an article of interest for those looking to buy/sell and homeowners alike. 

 


SPRING NEWSLETTER 2013

The market has started to pick up in the last few weeks as we say good-bye to February and hopefully winter.  The total number of homes listed for sale are down and the perfect home is not available for many buyers looking for just the right thing.  If you are thinking of selling, now may be the time.  With good news coming down the pipe and many of the trades back to work we are looking towards a strong spring and summer market in Sarnia/Lambton.  Mortgage rates continue to be extremely attractive with 5 year closed    below 3%.   Still many clients like to go with the variable rate and the knowledge that penalties are   affordable when the time come to sell.  Others watch their rates for the moment to lock in and ride the wave of affordability with peace of mind.  My website will be up and running with a brand new look in May.  If you have any comments please feel free to drop me an email lynnebrady@royalkey.ca  Visit my facebook page in April for a chance to win weekly Timmy’s card.  You can enjoy coffee on me! 

For a complete newsletter please email lynnebrady@royalkey.ca Subject: Newsletter.  We will put you on our list to receive our quarterly Newletter that features things happening in the community, a market update from me, mortgage rates and an article of interest for those looking to buy/sell and homeowners alike. 


 


WINTER NEWSLETTER 2013

It looks like we are going to have a slow winter.  Traditionally, January is one of our slowest months with people recovering from the holidays spending.  Normally by February we should see a pick up in the market weather pending.  If we continue to have a cold winter with lots of snow we find that most people are not in the house hunting or selling mood.  Inventory is down at the moment.  We should see a pick up mid Feburary.  We are still seeing great interest rates which is very positive.   

For a complete newsletter please email lynnebrady@royalkey.ca Subject: Newsletter.  We will put you on our list to receive our quarterly Newletter that features things happening in the community, a market update from me, mortgage rates and an article of interest for those looking to buy/sell and homeowners alike. 


 


FALL NEWSLETTER 2012

The market has started to slow as expected with the upcoming American election and traditional market trends.  There are rumblings that things should look up in the spring and forecasts that we will see a great market in the next 3 to 5 years.  Interest rates as shown below continue to be     affordable.  If you are thinking or buying or selling or even making improvements to your home (I can help determine improvements that offer you the biggest bag for your buck and provide you with the names of trades and professionals) do not hesitate to call me for assistance. 

For a complete newsletter please email lynnebrady@royalkey.ca Subject: Newsletter.  We will put you on our list to receive our quarterly Newletter that features things happening in the community, a market update from me, mortgage rates and an article of interest for those looking to buy/sell and homeowners alike. 


 


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