Discuss a list of items you should ask about your broker or bank when negotiating your next mortgage: - How much can I prepay per year with no penalty? - When can I make these payments? - How much can I increase my payments per year? - What is the penalty to break my mortgage?
"You've got to understand people are motivated by fun. And they should be." -P.J. O'Rourke EARLY VANCOUVER NUMBERS ... HIGHER ... IMMIGRATION TO B.C. PLUNGES TO NEGATIVE NUMBERS - BUT DON'T PANIC ANALYSTS CRAZY BULLISH ON B.C. HOUSING SALES AND STARTS - BUT THEY SAID THE SAME THING ABOUT ALBERTA - WHAT IT COSTS TO
Foreign ownership not a good thing. The foreigner pays the money to a Vancouverite who spends it here. Local speculation may be the culprit. The debate on the Jurock Real Estate Insider Hotline www.factsbyemail.com
"I never used that word, retire." -B.B. King Facts by Email BUYERS TOOK OUR TOWNHOME PROJECTION TO HEART DON'T TRUST THE DEVELOPER IN PRE-SALES HIGHLIGHTS OF CREA'S NATIONAL HOUSING REPORT CASHING IN ON AGRICULTURE LAND RESERVES CONFERENCE BOARD SEES RECESSION IN CALGARY MANITOBA 2015 RENT INCREASE: 2.4% MORTGAGES WILL STAY LOW UNTIL 2017 UPDATE: OFSI
They are showing up. Some private listings claiming foreclosure are turning up on Calgary's Kijiji (we counted 32 this week) and Craigslist, but they may not be true court-ordered sales. Calgary realtor Stephen McDonald of CIR Realty, (403-680-0799) which handles foreclosures, counted a total of 55 judicial listings of residential property and 60 'bank owned' listings within a one-hour drive of downtown Calgary this week. McKenzie Towne 2-storey detached house for $319,000. Here are two MLS: 1. Detached 3 bedroom house in NW Calgary, under a Court of Queen Bench foreclosure. 2. 1,044 square foot townhouse in SE Calgary. In foreclosure, offers to be presented to Court. More details at www.factsbyemail.com
Investors: Red Deer 2 bedroom Condo 13.5% Return on Cash 1. Red Deer – 2 bedroom condo only $165,900. Tenanted with Positive Cash Flow. End unit in a concrete building next to a park and within walking distance to downtown. Truly turn key with optional rental management in place. 2. Kimberley, duplex up and down plus loft, 5 bedrooms, 4 full baths, 2 hot tubs both units fully furnished … great views … 200 yards from the quad chair – 2,400 income: only $399,000.
"If opportunity doesn't knock, build a door." -Milton Berle !!!!! SUBSCRIBER SPECIAL LARGE DISCOUNT FOR 'THE REAL ESTATE ENTREPRENEUR POWER WEEKEND' May 23/24, 2015 THIS COMING WEEKEND - PLEASE USE SPECIAL OFFER BELOW ACT NOW!!!! OZZIE TALKS AT THE REAL ESTATE INSTITUTE OF CANADA ON MAY 28 - 'BOOM OR BUST'! DETAILS at Jurock.com THIS
"People who think they know everything are a great annoyance to those of us who do." -Isaac Asimov THIS WEEK'S FACTS BY EMAIL: OZZIE OPINES; BOM - CHANGING BAILOUT RULES (!?) ALBERTA ELECTION - 'ORANGE CRUSH' - AND EFFECT ON REAL ESTATE IN ALTA INTEREST RATES CANADIAN DOLLAR - LISTEN TO JOSEF SCHACHTER ON OIL