REAL ESTATE UPDATE

November/ December Moves Magazine

2011-11-10T10:26:00.001-08:00

See attached link of our latest electronic addition of MOVES Magazine! Leading Edge marketing and promotion of Real Estate in Fort McMurray! Watch for are hard copy around Fort McMurray. http://mydigitalpublication.com/publication?m=19198&l=1

Reduced!!

2011-08-17T15:26:00.001-07:00

103 Graham Place Reduced to $623,900
202-136A Sandpiper Rd Reduced to $10,000 to $425,000

196 Caouette Reduced $10,000 to $414,900

Check out my Properties Tab for photos on these great homes!!!

New Listing!!

2011-08-14T20:05:00.000-07:00

196 CAUOETTE CRES
JUST LISTED.

$425,000
Completely renovated mobile in the heart of Timberlea. Many upgrades include all new flooring, new kitchen master has 2pc ensuite. Loads of storage PLUS RV PARKING!!!!!

Call today to view

NEW LISTING!!

2011-08-08T13:02:00.000-07:00

202-136A SANDPIPER RD!!
Beautiful 2 bedroom 2 bath condo executive living.
1 heated underground parking with Storage!!

Priced @ 435,000. located on the 2nd floor this condo has been freshly painted and recently renovated to include black marble flooring throughout master bedroom & ensuite also in custom closet.

Gorgeous unit A Must SEE

Mortgage After Bankruptcy?

2011-07-13T18:55:00.000-07:00

Courtesy of Shirley Evans

Curious about whether or not you will be able to obtain a mortgage after bankruptcy? You may be surprised to find that it isn’t that difficult provided that you do all of the following:

Get discharged

Once you have been discharged from bankruptcy for at least two years it will show that you are now free from the financial issues that you were facing.

Look at your credit report
Just because you have received your discharge papers it doesn’t necessarily mean that your credit is cleared up. Mistakes can be made that will result in a misleading credit score. Take a look to ensure that everything that was included in your bankruptcy has been removed. Request a free copy of your credit report from Equifax. If you find that some errors have been made they can be cleared up once you send them your discharge papers.

Accumulate new credit
Now that you essentially have a fresh start, it’s time to re-establish your credit. In order to prove yourself worthy of obtaining a mortgage you will need to acquire two to three new forms of credit. A secured credit card totaling $1,000 GIC or more will suffice. Credit carrying forward prior to bankruptcy however will not apply. Each situation can be different though so it’s important that you speak with your mortgage specialist about some of alternative options to gaining new reporting credit. After 12 months of re-established credit (two years discharged) and no missed payments you’re well on your way toward securing a mortgage.
It’s also important to note that while you are in the process of re-establishing your credit you actually need to use the credit in order for your score to increase. Just be sure to never let that balance exceed 50% of your limit.

Save for a down payment
Begin saving for your down payment as soon as possible. Five per cent of the home’s value would be the absolute minimum required.

Get pre-approved
Congratulations on working so hard to re-establish your credit! You are now ready to get pre-approved for a mortgage so that you can begin searching for your home!
After being discharged from your mortgage for two years and gaining at least a year of re-established credit you are now eligible for low interest rates. That’s right; you are now able to get the best mortgage rates possible provided that your mortgage is insured with the Canadian Mortgage and Housing Corporation (CMHC).

Buying a Home in Fort McMurray

2011-05-17T13:22:00.000-07:00

Look to the Future when home buying

With today’s interest rates at near record lows, many people are recognizing that a mortgage payment on a house can actually be comparable to what they would spend on renting an apartment or home. Perhaps you’re one of them and are ready to take a step up the property ladder.

For most people, buying a home is the most significant financial investment they’ll ever make, and there’s a lot of planning that goes into a successful transition. With that in mind, here are a few tips to help buyers navigate the home buying process:

Consider future needs. Look ahead and anticipate what your family may look like just a few years from now. If you’re a single buyer, you may someday add a ‘significant other’ to your household. If you’re a young couple, you may be planning on children. Or you may already have children whose needs will change within just the next few years. As they get older, perhaps your children will need a bedroom of their own, or some private play space. Though additional space may not be needed immediately, it’s important to consider potential future plans for a home. Keep in mind that there is no such thing as the "perfect" house. Instead, determine what’s essential for the near future – number of bedrooms, approximate square footage, community, etc. But be cautious. Look to future needs but don’t overextend yourself buying space you may not ever need.

Remember resale. Purchasing a home is a great long-term investment. However, there are many reasons home buyers may need to move again, such as relocating for a job or a major lifestyle change. Think about the length of time that the home may be owned and during your search, also consider the potential resale value of prospective properties you are viewing. Your local Coldwell Banker professional can help by sharing such valuable information as the average price of resale homes in the area, how long each property has been on the market and what features increase – or detract – from a home’s value and appeal.

Plan for maintenance and repair costs. Owning a home is a rewarding experience. However, along with a set of house keys come certain responsibilities for upkeep. A leaky faucet and unkempt lawn won’t take care of themselves, so be sure to include future repairs and maintenance in your household budget. Keep in mind that certain properties such as condominiums and town homes require less exterior maintenance and might be a good option for those who find the idea of maintaining a yard a bit daunting.

Want to know more about the home buying and selling process? Contact ME for the inside scoop on your market.

Coldwell Banker Canada Awards 2010 - Rookie of the Year.wmv

2011-04-27T15:19:00.000-07:00

2011 Coldwell Banker TV Commercial: Wrong Home Decisions

2011-04-05T16:37:00.000-07:00

Interest Rates on the Rise

2011-04-04T10:37:00.001-07:00

It was fun while it lasted. Three weeks after fixed rates dropped, Canada’s second largest bank is leading the move back up.
TD is lifting 1- to 5-year fixed rates as much as 35 basis points.
The 5-year posted rate is rising from 5.34% to 5.69% and TD’s “Special” 5-year rate is moving to 4.44%.
Other banks shouldn’t be far behind.
The change takes effect tomorrow, April 5th. TD says its decision reflects “rising bond yields and the subsequent increase in the cost of funds.”
If you need a pre-approval for a purchase in the next 180 days, get it done today or tomorrow just to be safe.

Rookie of the Year for Canada

2011-03-18T14:48:00.000-07:00

WOOOOHOOOO!!! Yesterday my Broker called me from Vegas.. here I was thinking it was to do with a totally different topic and then he tells me.....

YOU JUST GOT AWARDED ROOOKIE OF THE YEAR FOR CANADA!!!!!! Whhhat? Me... nooooo way?! Couldn't be!!

But its TRUE!!! WAHOOO :)

And I couldn't of done it without the help of my Mentor Colin Hartigan ( My broker ) and all my great clients who allowed me the chance to work for them :)

Thank you Thank you Thank you :)

Now lets rock out another year :)

And while your reading this blog you should know. 121 Mitchell is now listed @ 479,900 a STEAL OF A DEAL!! If you want more details check out my properties page or call me @ 587.645.2255 :)

Kaleigh

Check out Coldwell Bankers Feb/Mar Issue of MOVES

2011-03-10T14:24:00.000-08:00

Look who made the cover :)

NEW LISTING!!

2011-03-07T14:24:00.000-08:00

New Listing!
121 Mitchell Dr Just listed $499,900

Beautiful Home

Looking for a place to call home TODAY? This ones for you. This very inviting neutral decor home with garage is ready and waiting. It features 3 bedrooms and 2 full baths. You will be impressed by the many upgrades including a large entry, mosaic tile kitchen back splash,ceramic tile and laminate hardwood flooring throughout, ensuite and the list goes on. Outside features include a fully lanscaped and fenced yard with a nice fire pit to enjoy summers with friends and family. Come check it out today.

OPEN HOUSES Saturday March 5th

2011-03-04T17:59:00.000-08:00

1130-130pm 153 Brosseau

EXECUTIVE FAMILY HOME ON THE GREENBELT! You don’t get better than this just under 2500 sqft 2 storey in one of Timberlea’s finest neighbourhoods. Inside this home you have a large foyer with hardwood floors a front living room with vaulted ceilings, a sunken formal dining room with hardwood floors, a eat in kitchen that overlooks the greenbelt and offers patio doors that enter into your screened in deck. Just off the kitchen is your sunken living room featuring a wood burning fireplace. The main level also offers a powder room and a large main floor laundry. Upstairs you have an office that overlooks your living room, than 3 large bedrooms MBR features a large ensuite with soaker tub and his/hers sinks and stand up shower. The other 2 bedrooms are huge, & one features an attic room to use as a play room/media room. Upgrades include fresh paint, new garage door, new front door and new carpets& hardwood floors in the bedrooms. The yard has loads of privacy and easy access to the trails.

2-4 153 Warren Way
153 Warren Way! 1,789 sqft fully developed 2-Storey on the Greenbelt. 3+1 Bedrooms, 4 baths in excellent condition! Outside you have oversized front driveway with manicured landscaping. Inside you have a great floor plan with open concept kitchen with corner pantry upgraded appliances which includes double oven and all stainless steel. From the kitchen you have large dining nook with patio door access to deck + living room with gas fireplace and hardwood floors and extra windows to enjoy the view! Master bedroom has walk-in closet, ensuite with large corner tub and stand-up shower + 2 more good size rooms. Basement is developed with family room, 4th bedroom, bath and storage room. More extra’s include finished double attached heated garage, central air conditioning, central vac, alarm system, rear shed, front load washer/dryer and much more!

Check out my Facebook page by clicking on my Facebook logo to see more details on homes.

Scotia Bank Discusses Year Ahead

2011-03-02T16:10:00.000-08:00

Scotiabank Forum Discusses the Year Ahead for the Canadian Real Estate Market

In a presentation earlier today moderated by Scotiabank's Managing Director of Real Estate Secured Lending, David Stafford, Scotiabank's Chief Economist Warren Jestin and Senior Economist and real estate specialist Adrienne Warren were joined by Phil Soper President & CEO of Brookfield Real Estate Services to share their views on what 2011 has in store for the Canadian economy and the Canadian real estate market.
During the forum, held in Toronto, keynote speaker Mr. Soper discussed the potential impact of such variables as immigration and the availability of mortgage insurance on house values. Mr. Soper also explored some of the questions about the future of housing currently being debated across the country and across North America, including his thoughts on the age-old rent versus buy debate.
"As the United States struggles through the longest and deepest housing market downturn in decades, policy makers and social strategists are beginning to debate the value to society of home ownership itself," said Mr. Soper. "Few advanced countries weathered the global economic crisis as well as Canada. As real estate markets in many countries collapsed, Canadian homeowners emerged relatively unscathed. This does not mean our housing industry has escaped scrutiny. Regulators and public policy commentators are rightfully asking what if anything needs to be done to ensure the continued vitality of this critical sector."
Ms. Warren provided an outlook for the Canadian residential real estate market in 2011, and discussed the key economic, industry and demographic trends that will shape the year ahead. Ms. Warren observed, "Overall, we expect sales volumes will edge down only modestly in 2011, but with the momentum favouring the first half of the year in anticipation of higher borrowing costs. This would place sales about 15 per cent below the 2007 peak, and in line with the 10-year average — continuing the cyclical transition to a more sustainable pace of housing demand.
"Market conditions are expected to remain fairly balanced, favouring sellers to some degree in the spring, and buyers by the fall. This in turn suggests relatively steady prices, but with more downside risk later in the year," continued Ms. Warren.
According to Ms. Warren, three factors will likely reinforce a somewhat softer housing trend later this year and into 2012:
• First is a lack of pent-up demand following the record-breaking housing boom of the past decade. Ownership rates are now reaching both a cyclical and structural peak, given inevitably higher borrowing costs, more moderate medium-term growth prospects and more restrictive mortgage product offerings. An aging population also will serve to moderate Canada's aggregate homeownership rate.
• Second is the further tightening in mortgage lending rules announced in mid-January. Coming on the heels of earlier regulatory changes in 2008 and 2010, this will have at least some dampening impact on credit demand, home sales and prices.
• Third is reduced affordability. While average mortgage carrying costs as a share of household income are at historically low levels, average home prices relative to incomes are at historic highs. As borrowing costs move up, affordability will be increasingly strained.

Mr. Jestin opened the Forum with a brief overview of the economic and financial market trends likely to influence the Canadian outlook. He noted that "the severe financial strains confronting some debt-heavy European economies and the U.S. probably won't trigger the dreaded double-dip. U.S. and Canadian growth is expected to be around three per cent in 2011. While subdued by pre-recession standards, this will compare quite favourably with prospects for the U.K., the euro zone and Japan."
During his presentation, Mr. Jestin also noted that:
• The global economy continues to gain traction, led by strong performances in the large developing nations of China, India, and Brazil. These and other emerging powerhouses have become crucial sources of global locomotion, with their impact on foreign exchange and on commodity and capital markets escalating alongside their financial resources.
• While the U.S. dollar and euro may periodically display sudden bouts of currency strength and weakness, both currencies are likely to lose ground over time against commodity-based currencies — such as the Canadian and Australian dollars — and emerging market currencies such as the Chinese renminbi. The loonie will probably average above parity with the U.S. dollar in 2011 and gain further altitude in 2012.
• In this environment of global economic revival, commodity prices will remain elevated and the growth forecast is strong for Canada's resource provinces.
TORONTO, March 1 /CNW/
About Scotia Economics - Scotia Economics provides clients with in-depth research into the factors shaping the outlook for Canada and the global economy, including macroeconomic developments, currency and capital market trends, commodity and industry performance, as well as monetary, fiscal and public policy issues.

NEW LISTING!!

2011-02-07T11:03:00.001-08:00

New listing 611-600 Signal Road listed @ 345,000.

3 bedroom townhouse 1 and a half bath perfect for first time home buyer or investment property.

Call today to view
587.645.2255

CONGRATS!!

2011-02-02T11:46:00.001-08:00

Congrats to Jonathan Broadhead for getting his Mortgage License with Estate Mortgage Group!! For all your mortgage needs call Jon @ 780-799-5540

Above Photo Jonathan and Mandala

MORTGAGE CHANGES MARCH 18th 2011

2011-01-22T12:10:00.000-08:00

LIMIT THE MAXIMUM AMORTIZATION PERIOD TO 30 YEARS

The amortization period is the length of time it will take to pay off the entire mortgage loan. It is usually much longer than the term of the mortgage. A typical mortgage in Canada may have a term of five years or less during which a specific fixed or variable interest rate will apply, and the mortgage can be renewed at the end of the term.

The measure announced today will reduce the maximum amortization period from 35 years to 30 years. For any given mortgage loan, a lower amortization period would result in a moderate increase in the monthly payment along with a significant reduction in the total interest paid over the amortization period. This measure is consistent with the principle of encouraging savings through home ownership. The following table illustrates the benefit of reducing the amortization period from 35 years to 30 years for a mortgage loan of $300,000.

Monthly Payments and Total Interest Savings Resulting From a Reduction in the Amortization Period to 30 Years for a Mortgage Loan of $300,000
Interest Rate 35-Year Amortization—Monthly Payment 30-Year Amortization—Monthly Payment Difference in Monthly Payment—
30-Year vs. 35-Year Amortization Interest Savings—30-Year vs. 35-Year Amortization
4 per cent $1,322 $1,427 $105 $41,850
5 per cent $1,504 $1,601 $97 $55,404
6 per cent $1,696 $1,784 $88 $69,809
The mortgage loan amount used in the illustrative example represents approximately the size of the mortgage loan needed for an average house in Canada. According to the Canadian Real Estate Association, the national average price (based on Multiple Listing Service sales activity) for a home sold in November 2010 was $344,268.

LOWER THE MAXIMUM REFINANCING AMOUNT TO 85 PER CENT OF THE LOAN-TO-VALUE RATIO

Borrowers can refinance their mortgage and increase the amount of the loan secured against their home. The measure announced today will reduce the limit on refinancing from 90 per cent to 85 per cent of the value of the home. Refinancing lowers the borrower’s equity in their home. Reducing the maximum loan-to-value ratio on refinancing will encourage Canadians to keep equity in their home and save through home ownership.

As an illustration, for a home valued at $300,000, refinancing at 90 per cent would allow the homeowner to access up to $270,000, whereas refinancing at 85 per cent would allow the homeowner to access up to $255,000. The lower refinancing limit means homeowners will keep an additional $15,000 in the equity of their home.

WITHDRAW GOVERNMENT INSURANCE BACKING ON NON-AMORTIZING LINES OF CREDIT SECURED BY HOMES

Under the current rules, a line of credit secured by the borrower’s home, such as a home equity line of credit, is limited to a maximum of 80 per cent of the value of the home. There has been a substantial increase in the credit available to Canadians through this type of secured line of credit over the past several years, and it is an important factor in the rise in overall household debt. These loans are generally non-amortizing, which means that borrowers are not required to make regular payments on the principal amount of the loan. Moreover, these loans are almost exclusively variable rate products, which expose borrowers to the impact of rising interest rates. While regulated lenders are not required to obtain insurance on lines of credit secured by homes at the time of origination, they may choose to obtain insurance after origination through what is known as “portfolio insurance,” where secured lines of credit are pooled into a portfolio and then insured by a mortgage insurer. At the time of insurance, the benefit of the portfolio insurance is to the lender by facilitating funding, rather than to the individual borrower. Other options exist for lenders to fund their secured lines of credit.

Many lenders now offer multiple loans or a multi-segment loan secured against a borrower’s home. If a loan or a segment of a multi-segment loan is in the form of a revolving line of credit that does not amortize over time, it will no longer be eligible for government-backed insurance. However, with established scheduled principal and interest payments, a loan will continue to be eligible for government-backed insurance, provided it meets the underwriting standards set by the mortgage insurer.

Withdrawing government insurance backing on these non-amortizing products is consistent with the Government’s objective of supporting the long-term stability of Canada’s housing market.

MOVING TO THE NEW FRAMEWORK

The adjustments to the maximum amortization period and the maximum refinancing amount will come into force on March 18, 2011. The withdrawal of government insurance backing on lines of credit secured by homes will come into force on April 18, 2011. Exceptions would be allowed after the new measures come into force where they are needed to satisfy a binding purchase and sale, financing or refinancing agreement entered into before the corresponding coming into force dates

Back From the UK

2011-01-06T09:54:00.000-08:00

Happy New Year Everyone!!! Hope you had a wonderful Holiday!
I am back safe in sound in Canada. UK was awesome. We landed just in time.. the day after we landed Heathrow was shut down because of the snow. Didn't make it to Paris because of all the bad weather but happy to say I had a great time and got to see some of the best parts of London!

I have posted to pics on FB feel free to click the FB tab and take a look!!

Wishing you a wonderful 2011!

Kaleigh Young

FOOD BANK!

2010-12-08T14:11:00.000-08:00

Friday Dec 3rd we Collected Food for the Food Bank!! :) Want to thank everyone who donated food !!
Also want to give a BIG THANK YOU!! to George from VIKING Refrigeration!! He donated 6 boxes of chickens and hams!!! Your generosity will help many people THANK YOU GEORGE!! You ROCK!

Post

2010-11-30T13:19:00.000-08:00

HUGE PRICE REDUCTION!!

2010-11-21T13:54:00.000-08:00

WOW!!! SELLERS has come down $15,000!!!
Now Listed @ $260,000. This affordable mobile awaits YOU!!! With land value @ 300,000+ this mobile not only comes with the mobile but also the LOT!! All for 260,000.

Lender's Got Great Rates

2010-11-15T17:46:00.001-08:00

We all want to save money! And this guy can make that happen for you. He just emailed his posted interest rates on his website and I think you'll be pleased when you see what he can offer you.

Estate Mortgage Group

Robert Polehoyki, Broker, Owner

My Current Website Mortgage Rates*

Variable Rate

2.25%

1 Year Closed

2.44%

2 Year Closed

3.25%

3 Year Closed

3.40%

4 Year Closed

3.59%

5 Year Closed

3.39%

7 Year Closed

4.85%

10 Year Closed

5.19%

Prime Rate

3.00%

Compliments of:
Robert Polehoyki, AMP
rob@estatemortgagegroup.ca
For more information, please visit my website: www.estatemortgage.ca

*Rates are subject to change without notice.

With alot of inventory (homes) on the market - it's safe to say its a buyers market right now. Giving buyers the upper hand and having the ability to get great interest rates = a good time to consider buying a home.

Up the Value

2010-11-12T11:29:00.000-08:00

Small changes can up your home's value

* Clean up clutter in and around the home
* Shampoo carpets or polish hardwood floors
* Restore appliances to sparkling condition
* Freshen up with neutral paint colors
* Lubricate windows, locks and doors
* Make any necessary minor repairs

Don't Be Afraid!

2010-11-09T15:02:00.000-08:00

This quote is from Warren
Buffett in 1979. The world’s
most successful investor sums
up the simple reason why 1% of
the world controls over 50% of
the wealth. It is that 1% that
moves boldly when others sit on
their hands, worrying about
what could go wrong.

How to Hire and Work with a Contractor – Part 1

2010-11-08T13:46:00.000-08:00

How to Hire and Work with a Contractor – Part 1
Dave Elfassy

Sooner or later you may need to hire a contractor to perform maintenance, painting, remodeling, landscaping, or other project. Here are some tips on how to choose a contractor to ensure you get a fair price and are treated fairly during the process.

• Start by writing down exactly what it is you want the contractor to do and when you want it done. Be specific.

• Make a list of prospective contractors. Ask friends and neighbors, check the phone book, your local newspaper, or online classified ads like Craig’s List.

• Meet with the contractors you’ve selected to show them your property and discuss the project in detail. Use your written description of the project to make sure you cover all the points on it with each contractor you meet.

• If a contractor suggests additional work, ask for his estimate in two parts with the second part covering the additional work he suggests beyond what was on your original project description.

• Ask exactly who will be doing the work and the extent of the contractor’s personal involvement in your project.

• For small projects, payment is usually made in full on completion. Larger projects usually require making interim payments on a weekly or monthly basis. Make sure you both agree on when interim payments will be made.

• Get an estimate in writing. Be sure it specifies all labor and materials that may be required. If subcontractors are required, be sure the estimate includes their cost as well.

• Choose your contractor based on whatever factor you’re most comfortable with: lowest price; reputation; or ‘gut feel’.

• It’s good business practice for both of you to sign a copy of the estimate and for you to give the contractor a deposit before the project begins. The deposit can be either a flat fee or a percentage of the total estimate amount.

• Never make full payment for a project up front.

DAYLIGHT SAVINGS

2010-11-02T15:35:00.000-07:00

Just in case anyone was wondering?

When does Daylight Saving Time begin and end in 2010?

DST in the United States and Canada
Daylight Saving Time (DST) always begins on the second Sunday of March and ends on the first Sunday of November.

For the year 2010 in the US and Canada:

SPRING FORWARD
Daylight Saving Time begins on March 14, 2010 - when you set the clocks ahead 1 hour.

FALL BACK
Daylight Saving Time ends on November 7, 2010 - when you set the clocks back 1 hour.

COMMUNITY HELP!

2010-10-30T11:18:00.000-07:00

HELP FILL THE DUMP TRUCK!!

MAC ISLAND is taking food donation for the food bank!!!

Presented by SHAW & SMS

FOOD BANK DRIVE @ MAC ISLAND

2010-10-27T21:20:00.000-07:00

Hello

We are writing today to share a great community event with you that will be taking place at the end of this month!

We are hoping you will spread the word to your friends, family and co-workers and if possible come out to support our event. We are hoping to fill a large dump truck donated by SMS Equipment with food and supplies for the Fort McMurray Food Bank at MacDonald Island Park on October 28, 29 & 30!

If your organization was interested in supporting the Fort McMurray Food Bank this year now is the time to do so because every pound of food donated by the community is matched by both Shaw and Campbell Canada (to a combined maximum of 650,000 lbs).

We’re asking for your support in helping us raise food – whether it’s in your office; with your organization; or a personal food donation. Our event will be promoted on air with Mix 103.7 to help raise awareness to our community to show that Together Is Amazing!

One company donating to the food bank is great, but hundreds of companies donating to the food bank is amazing.

We know a great partnership has the power to change the world. Imagine what we can do.

SHAW CABLE!

FIRST TIME HOME BUYERS FORT MCMURRAY

2010-10-26T14:44:00.001-07:00

Real Estate Matters –

Five Tips for Single Home Buyers

Canada’s housing environment has more single home buyers entering the market than ever before. With inventory levels improving in many markets, and interest rates near record lows many people across the country who may have never considered buying a home in the past are recognizing that a mortgage payment on a house can actually be the same or less than what they would spend on renting.

For most Canadians, buying a home is the most significant financial investment they will ever make, and perhaps even more so for singles who are making the transition on their own. With that in mind, Coldwell Banker has come up with five tips to help single home buyers navigate the home buying process:

Keep an eye on the future. A family of one is much more likely to upsize rather than downsize. Some day someone who is single may add a significant other to their family and possibly even children. Though additional space may not be needed immediately, it’s important to consider potential future plans for a home. Keep in mind that there is no such thing as the "perfect" house. Instead, determine what is essential – number of bedrooms, approximate square footage, neighbourhood, etc. And when you do move up, your first home can provide you with equity to purchase your next home or it can be kept as an investment.

Get pre-approved for a mortgage. A pre-approval will let single home buyers know where they stand financially while informing the mortgage company that they are ready to buy. Additionally, this step will demonstrate to everyone involved in the purchase that the home buyer is serious and well qualified.

Location, location, location. The golden rule of real estate applies to single home buyers as well. Factors such as proximity to work, family and nightlife often play a role in the decision of where to purchase a home. Speaking with a Coldwell Banker sales representative can help narrow the search to find the location that best suits a home buyer’s needs and lifestyle.

Plan ahead for maintenance fees. Owning a home is a rewarding experience. However, being the only person with a set of house keys also means being the only person responsible for maintenance. A leaky faucet and unkempt lawn won’t take care of themselves, so be sure to include future repairs and maintenance in the budget. Also keep in mind that certain properties such as condominiums and townhomes require less exterior maintenance and might be a good option for those single home buyers who find the idea of maintaining a yard a bit daunting.

Consider resale value and longevity. Purchasing a home has historically been a great long-term investment. However, there are many reasons single home buyers may need to move, such as relocating for a job or a lifestyle change. Therefore, it is important to think about the length of time that the home will be owned and also consider the resale value of prospective properties during the search. Your local Coldwell Banker real estate representative can share the average home price of properties in the area, how long each property has been on the market and what features increase a home’s value and appeal.

Home Buyers Seminar!!

2010-10-18T11:32:00.001-07:00

Scotia Bank is hosting a Home Buyers Seminar!! Oct 27th 2010!!

What better way to get all the up-to-date information on purchasing REAL ESTATE in Fort McMurray than at the Home Buyers Seminar!!

It will be held at 7pm at the Scotia Bank in Timberlea Fort McMurray AB
For more details contact me via email at
www.kyoung@coldwellbanker.ca

Rental Rates In Fort McMurray Alberta

2010-10-13T10:20:00.000-07:00

To Find the Forumla developed by CMHC on measuring Rental Rate please visit http://www.chra-achru.ca/CMFiles/Minimum_Houswing_Wage_2005_rev_Jan_320SLC-142006-939.doc

Apartment Rental Rates in Fort McMurray June 2010
Suite / High End / Average
Bachelor $1450 $1360
1 Bedroom $2100 $1666
2 Bedroom $2400 $1980
3 Bedroom $2700 $2245
4 Bedroom $2600 $2600

Income needed to afford rental rates
Suite / High End Annual Income Needed / Average
Bachelor $58,000 $54,400
1 Bedroom $84,000 $66,640
2 Bedroom $96,000 $79,200
3 Bedroom $108,000 $89,800
4 Bedroom $104,000 $104,000

NEW LISTING FORT MCMURRAY

2010-10-07T10:33:00.000-07:00

New listing in Fort McMurray
148 Romany St

VACANT - IMMEDIATE POSSESSION !! This fully developed duplex with a total of 1440 sq ft is within walking distance to the elementary schools, & all amenities. Loads of upgrades have been completed which include new furnace, all electrical wiring replacement, newer appliances, updated bathrooms, new laminate hardwood and carpet throughout. This home offers a large front deck with garden door access off the living room, open concept kitchen & a large fenced yard with shed. This is the perfect starter home.

NEW LISTING CONDO LIVING

2010-09-28T17:25:00.000-07:00

New listing in FORT MCMURRAY - located in ABASAND this CONDO TOWNHOUSE is a GREAT BUY. Both bathrooms have been elegantly upgraded along with interior paint and laminate hardwood flooring throughout.

COME BY our OPEN HOUSE SATURDAY OCT 2, 2010 to check out this home.
Open House 1130am-130pm

LOOK FORWARD to seeing you there

Looking for the perfect house, I can help :)
Kaleigh Young
Coldwell Banker!
587.645.2255

2010-09-20T10:21:00.000-07:00

Updated Inventory : Fort McMurray
SINGLE FAMILY
S/F 376

Multi- Family
M/F 251

DUPLEX
DPX 23

Mobile
MOB 11

Mobile Own Lot
M/O 65

CMHC Guidelines

2010-08-06T13:33:00.000-07:00

The Canada Mortgage and Housing Corporation (CMHC) has recently announced some changes that will be made to CMHC insured mortgages. Effective April 19, 2010:

1.
All borrowers must qualify for the five-year fixed benchmark rate regardless of term. The five-year benchmark rate is published by the Bank of Canada and can be found here; http://www.bankofcanada.ca/en/rates/interest-look.html. This will ensure that the borrower will still be able to afford to pay their mortgage should interest rates rise.
2.
Any investment properties that aren’t owner occupied will require a 20% down payment of the homes purchase price. Therefore investment properties will no longer be insured by the CMHC and the borrower will need to acquire a conventional mortgage.
3.
When refinancing borrowers are now able to qualify for just 90% of the homes appraised value in effort to help protect the equity that the borrower has established.

This is an attempt to protect borrowers from accumulating more debt than they can handle while also forcing the housing market to cool off after record-low interest rates.

PRICE REDUCTION!

2010-07-30T12:00:00.000-07:00

148 Romany! Now listed @ 450,000!!

This is the cheapest duplex north of the bridge - WITH the most bang for your BUCK!

** New FURNACE 09
** New Kitchen including appliances
** 2 FULL BATHS
** Huge Yard
** Loads of Parking

** Newer siding, roof & windows.

Call me today to view
587.645.2255

Price Reduction!!!

2010-05-13T21:50:00.000-07:00

166 Athabasca REDUCED!!!!

New Listing Price $ 433,900.

What's not to love? This totally REDONE Patio Home with attached garage in Abasand is sure to IMPRESS. This home features a New 2Pc Bathroom, New Kitchen which includes New appliances, Dark cabinetry, New countertops and a Moveable island. The living room and dining have New hardwood flooring, New paint, New trim and new light fixtures. The living room offers a wood burning fireplace to enjoy during those cold winter nights. Off the dining room you will find patio sliding doors entering into your large yard. Upstairs we have 3 bedrooms all with a fresh coat of paint. To complete this lovely home is the finished basement featuring a Cozy family room with Brand New carpet, 4th Bedroom, office space, and tons of storage. All that is left to do is MOVE IN. Call today for your viewing

New Listing

2010-05-05T12:29:00.000-07:00

Beautiful 2 storey located in Timberlea.

3+2 Bedrooms
3 1/2 Baths
Fully Developed Basment
Garage

Don't miss out on this great home.

For more info Pls call me @ 587.645.2255

Coldwell Banker On Location with YOUTUBE

2010-04-12T08:23:00.000-07:00

Check out Coldwell Banker On Location with You Tube.
This will allow you to view video of properties in Fort McMurray along with many other locations in North America. Simply go to :http://www.youtube.com/coldwellbanker

Type in the location of your choice and your set

New Listing

2010-04-09T07:37:00.000-07:00

New Listing!!
144 Williscroft Place Fort McMurray, AB

3 Bedroom Townhouse in the Heart of Thickwood, close to schools, dogpark and medical clinic. Brand new kitchen with stainless steel appliances. Complete with a finished basement, single car attached garage and large yard.

Call me today to book a showing.
587.645.2255

New Listing 98 Wilson Dr Unt 31

2010-04-07T14:55:00.001-07:00

OPEN HOUSE March 28th 2-4 PM

2010-03-26T11:47:00.000-07:00

I am proud to announce that this Sunday, March 28, 2010, 2:00 PM to 4:00 PM we will be hosting an Open House at 105 Burry Rd in Timberlea Fort McMurray. This is an opportunity to visit this excellent House for sale.

Please do not hesitate to give me a call at 587.645.2255 if I can answer any questions before the open house, or if you would like to book a private showing.

Kaleigh Young

Open House Sunday March 21st

2010-03-20T16:52:00.000-07:00

I am proud to announce that this Sunday, March 21, 2010, 2:00 PM to 4:00 PM we will be hosting an Open House at 183 Rattlepan Creek Cres in Timberlea Fort McMurray. This is an opportunity to visit this excellent House for sale.

Please do not hesitate to give me a call at 587.645.2255 if I can answer any questions before the open house, or if you would like to book a private showing.
Kaleigh Young

News

2010-03-16T21:58:00.001-07:00

After a year long dip in real estate prices, things are looking up .

The average housing price in Fort McMurray has shot up by over

$35,000 according to CMHC. In Sept 09 the average price of a

Single family home was $605,208. At the end of Feb of this year

it was $640,620.

Yesterday the bank of Canada announced it will keep its key interest rate at 0.25% and will leave it there until the second quarter.

One hurdle facing home buyers is the changes to rules for government back mortgages that comes into effect April 19th. The biggest challenge that we will see in the market place is the purchaser must be pre-qualified at the 5 year rate—NOT the cheapest possible rate.

Open House 144 Wylie

2010-01-21T16:47:00.000-08:00

I am proud to announce that this Saturday, January 23, 2010, 2:00 PM to 4:00 PM we will be hosting an Open House at 144 Wylie in Thickwood Fort McMurray. This is an opportunity to visit this excellent House for sale.

Please do not hesitate to give me a call at 587.645.2255 if I can answer any questions before the open house, or if you would like to book a private showing.
Kaleigh Young

No Brainer

2010-01-18T15:57:00.000-08:00

New Listing ! NO CONDO FEES!!

Perfect for the savy investor - and YES as an Investor I do own one of these exact units.. I mean its a no brainer... NO CONDO FEES means More Money in my pocket. Similar homes in Fort Mac have a condo fee attached ranging anywhere between $175-500+. This unit has been completely REDONE inside and out along with the neighbors who all pitched in and redid SIDING,GARAGE DOOR,WINDOWS and roofing.

Its in a great Location with a Great Price tag. Call me today to come take a peak.

Working 24 hrs 7 days a week for YOU!

My Job is Your F.U.T.U.R.E - Finding U The Ultmate Real Estate.

Kaleigh Young

587.645.2255

OPEN HOUSE

2010-01-14T09:01:00.000-08:00

I am proud to announce that this Saturday, January 16, 2010, 2:00 PM to 4:00 PM we will be hosting an Open House at 181 Blanchett Rd in Timberlea Fort McMurray. This is an opportunity to visit this excellent House for sale.

Please do not hesitate to give me a call at 587.645.2255 if I can answer any questions before the open house, or if you would like to book a private showing.

Kaleigh Young

REDUCED!!

2009-11-04T20:05:00.001-08:00

REDUCED!! & VACANT! 176 Webb Dr. Reduced to 679,000 & Available for Immediate Possession!!

Don't miss out on this Fabulous Chance to live in a Highly desirable area!

HAPPY THANKSGIVING

2009-10-10T10:07:00.000-07:00

Market Numbers

2009-10-07T12:11:00.000-07:00

As of October 6th
Single Family Homes 267
Multi-Family Homes 241
Duplex 21
Mobiles 16
Mobiles with Land 70

Total 615

September we had 792 properties on the market. Largest jump seen was in Multi-Family homes. It went from 407 in September to 241 as of Yesterday

Fort McMurray braces for next big boom

2009-10-05T11:12:00.000-07:00

http://www.vancouversun.com/business/Northern+Alberta+economy+braces+next+boom/2066106/story.html#

Open House September 19th 2-4

2009-09-19T11:44:00.001-07:00

140 Pearson Bay in Waterways!
Come check it out
Listed @ 504,900 Dont miss out

2009-09-12T12:23:00.000-07:00

Open House Today Saturday September 12 4pm-6pm

141 Williams Dr. Wood Buffalo

Listed @ $649,900 FULLY DEVELOPED HOME IN WOOD BUFFALO! Situated on a large fully fenced and landscaped corner lot close to schools shopping, parks, and the YMCA. Inside this lovely bi-level you have a large front living room, a bright gallery kitchen with breakfast bar and a large eating nook The main level also offers 3 bedrooms master bedroom featuring a 4pc ensuite and walk in closet. In the fully developed basement you have a huge rec room with large windows and a gas stove. Also in the basement there is an oversized bedroom featuring a walk in closet and a women’s dream bathroom, featuring a large corner jetted tub and a stand up shower and heated ceramic tile floors. Other features of this home include an attached double car garage, possibility for RV Parking, large rear deck and more.

VIDEO BLOG

2009-09-04T19:21:00.000-07:00

Good News! Real Estate News

2009-09-02T17:42:00.001-07:00

MLS® home sales were much stronger than expected in the second quarter of 2009, with activity having climbed throughout the quarter and into July. The remarkable recovery of resale housing has prompted a change to the MLS® home sales forecast issued by The Canadian Real Estate Association for 2009 and 2010.

“Sales activity started off the third quarter on a strong footing,” said CREA President Dale Ripplinger. “The difference in the resale housing market now, compared to the beginning of the year, is night and day, and nowhere is this more evident than in the West.

National MLS® home sales activity is forecast to rise 5.3 per cent to 455,400 units in 2010. This is a smaller rise in activity than previously forecast. “Low interest rates are boosting sales by returning homebuyers to the market who moved to the sidelines late last year, and shifting ” said Chief Economist Gregory Klump. “Buyers are also shifting purchase decisions forward as they take advantage of attractive interest rates now before financing costs increase.”

“The speed with which the Canadian resale housing market has rebounded is unprecedented,” said Klump. “The economic recovery is expected to be slow and protracted, so the dramatic swings in activity seen in late 2008 and this year are unlikely to be repeated in 2010.”

Its that Time again

2009-09-01T14:57:00.000-07:00

Back to School! September is here! Just a little reminder that kids are in school and all school zones are in effect!

Where has this year gone? It flew by way to fast! - Next big thing Halloween... which I did notice while I was at superstore last night HALLOWEEN COSTUMES are OUT! LOL next will be Christmas Goodies :)

I have a Open house TONIGHT stop by and Check it out 611-201 Abasand Dr. between 6pm-8pm. 3 bedroom town house fully furnished Listed @ 319,000 - perfect for first time buyer or investor. Currently rents for 2500.

Come on by

2009-08-29T08:58:00.000-07:00

Open House today 2:30-4:30pm ! Stop by and Check out this fabulous opportunity!
Whether your a first time home buyer or a investor this home is for you!
Monthly mortgage repayments are CHEAPER then the going market rental rate.
If your an investor 2500-3000 is the going rate on this particular unit ! Talk about Cash Flow!

For more information give me a call 587.645.2255

Open House Saturday AUG 29th

2009-08-27T08:43:00.000-07:00

Good Morning Everyone!

Open House for 611-201 Abasand Dr

THIS Saturday Aug 29th 2:30pm-4:30pm!

Its a END unit 3 bedroom 1.5 bath Great Location close to schools and other amentities

So Stop by have a donut and check out the Place!

Also SPCA... Ive recently teamed up with the SPCA. Every transaction I do I will donate a portion of the sale to the SPCA along with every Sunday I will be up at the SPCA taking dogs for walks.Currently they are working on getting kennels for all the dogs for the winter. If anyone would like to donate they do have a website. http://www.fortmcmurrayspca.com/ which you can find on my RESOURCES page under Preferred Customers!

Hope everyone has a fabulous day!

Kaleigh Young

UPDATE

2009-08-26T12:27:00.001-07:00

RBC ECONOMICS RESEARCH - DAILY ECONOMIC UPDATE - August 26, 2009

U.S. durable orders stronger than expected 4.9% in July
The July durable goods new orders report came in stronger than anticipated, rising 4.9% in the month. Expectations had been for a more moderate 3% rise. The positive aspect of the report was reinforced with the decline in June being halved to 1.3% from 2.5%.

Expectations of a strong rebound in July were largely premised on the expectation of a rebound in auto production. However, this component rose a relatively modest 0.9% in the month. The strength in the report was more a reflection of a huge 107.2% rise in non-defence aircraft and parts orders. This component can be very volatile month to month reflecting the “lumpy” nature of the sectors output. Thus, it is the case that the increase in July followed a 30% drop in June, although the sector did rise a robust 60.4% in May, suggesting an overall rising trend.

Excluding this component, there were largely offsetting movements in most other components. This contributed to non-defence capital goods new orders ex aircraft, a leading indicator of business investment, staying relatively flat, dropping a minimal 0.3%. Although the drop was disappointing, it failed to offset strong gains of 3.6% and 4.3% in June and May, respectively.

In terms of other components of the report, durable shipments rose 2% following a 0.7% gain in June. Inventories continue to be reduced, dropping 0.8% in July following declines of 1.5% and 1.2% in June and May, respectively.

The rebound in durable orders had been widely expected although more on the basis of indications of rising motor vehicle production as evident in the July industrial production report. Although orders for motor vehicles showed only modest strength in July, it is likely to become a more significant addition in subsequent months with the gap near-term being filled by rebounding aircraft orders. This expected pick-up in motor vehicle activity reflects the combination of various producers coming out of bankruptcy protection in the month and a strong rebound in demand for autos fuelled by the “cash-for-clunkers” program.

The rise in both supply and demand for motor vehicles is expected to be a key factor returning the overall GDP growth rate to the positive column in the third quarter. Our current monitoring of a 1.3% rise represents a marked improvement relative to declines of 1% and 6.4% in the second and first quarters, respectively. However, the expected gain in the third quarter is indicative of still-modest growth that will not be sufficient to prevent a continued rise in the unemployment rate. The persistence of weakness in labour markets will be a factor keeping monetary conditions accommodative, with the Fed expected to maintain the current low range in Fed funds of 0% to 0.25% through the end of this year and well into 2010.

Paul Ferley, Assistant Chief Economist, RBC Economics Research

Strong rise in U.S. new home sales pares inventories

Sales of new homes registered a strong increase in July, rising 9.6% to 433,000 annualized units from June’s 395,000 (revised up from 384,000). The percentage gain was the strongest since February of 2005 with the level of sales the highest since September of last year.

All regions posted gains except the Midwest. Sales gains in the Northeast were strongest, posting a 32.4% rise with the South showing a sales gain of 16.2%. New home sales in the West rose a more muted 1%, with the Midwest posting a 7.6% decline.

The rise in sales helped pare inventories. Months’ supply of unsold homes on the market declined to 7.5 from 8.5 (revised from 8.8) in June. This measure peaked at 12.4 in January, but as of July fell to its lowest level since April of 2007. In absolute terms, inventories of unsold homes were 271,000 in July following the 280,000 reading (revised from 281,000) registered in the prior month.

Today’s report showing the fourth consecutive monthly increase in new home sales is consistent with the positive trend in other housing indicators. July saw a 7.2% rise in existing home sales, while starts of single-family homes were up for the fifth month in a row. Improved activity has led to some stabilization in house prices, with the Case-Schiller measure (reported yesterday) showing its first increase in quarterly prices in three years.

However, although recent reports are encouraging, activity levels remains subdued and inventories elevated. To continue supporting the recovery in housing and the economy more broadly, we expect the Federal Reserve to maintain the Fed funds rate in the 0.00%-0.25% range until late next year.

Josh Heller, Economist, RBC Economics Research

To view the economic data calendars, go to:
http://www.rbc.com/economics/html_calendars/ca/calendar.html (Canada)
http://www.rbc.com/economics/html_calendars/us/calendar.html (United States)

The statements and statistics contained herein have been prepared by the RBC Economics Research based on information from sources considered to be reliable. We make no representation or warranty, express or implied, as to its accuracy or completeness. This report is for the information of investors and business persons and does not constitute an offer to sell or a solicitation to buy securities.

2009-08-26T12:12:00.000-07:00

FREE RICH DAD EVENT! - How to get rich in Alberta!
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Tues Sept 8th, 2009
Events @ 12 NOON and 7p.m.

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