Mortgage Blog
Trends for Edmonton Housing Starts
February 8, 2008 by Shayla Damery
If you're interested in the Edmonton housing market, and want a quick blurb about what's going on as far as housing starts are concerned, check out the link below. The article outlines the trends in both multi-family and single-family dwellings from last year to this year, as well as a comparison to ten years ago.
Edmonton Housing Starts Buck Trend (as seen in the Edmonton Journal, February 8th, 2008).
Read more »January 2008 Mortgage and Housing Statistics
February 4, 2008 by Shayla Damery
On February 4th, 2008, the Canadian Association of Accredited Mortgage Professionals (CAAMP) released their February issue of CAAMP Stats. The publication includes information such as the Bank of Canada Interest Rate, the US Federal Reserve Discount Rate, new housing starts, and more. To view the full publication, please continue reading.
To learn more about CAAMP, please visit their website.
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February 4, 2008 | ||||||||||||||
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Welcome to the February issue of CAAMP Stats. | ||||||||||||||
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Mortgage Testimonials
January 29, 2008 by First Foundation
We often talk about how fortunate we are at First Foundation to be blessed with such great clients. We have had the privilege of working with so many wonderful people and families and it really makes our job a lot of fun. Many of our clients have become good friends and we are so grateful to all of them for the success we've had over the past five years.
We enjoyed a really nice fifth anniversary party with many of our clients and we had the cameras rolling to mark the occasion. We didn't realize until afterwards that ...
Read more »Bank of Canada's Overnight Rate Lowered Again
January 22, 2008 by Shayla Damery
Today, January 22, the Bank of Canada made its scheduled interest rate announcement. The overnight lending rate has been lowered by 0.25%, so the rate is now 4.00%.
The main motivation behind this rate drop is the continuing strong Canadian economy.
As with the last time that the Bank of Canada lowered the overnight rate (December 4, 2007), it’s good news for ARM and variable rate mortgage holders, as there will likely be pressure on mortgage lenders to lower their prime lending rate (which is currently 6.00%).
The next Bank of Canada interest rate announcement will ...
Read more »Guide to Buying Real Estate in Alberta
January 11, 2008 by Shayla Damery
Recently, Sheldon Johnston (an Edmonton area Realtor), posted a four-part series on his website – the Edmonton Real Estate Blog – to serve as a very brief guide to buying real estate in Alberta. We at First Foundation found this series to be very informative, so we’d like you to check out the following links to each of the three articles in the series:
The Edmonton Real Estate Blog is an excellent resource in its ...
Read more »New Year's Resolution: Debt Consolidation!
January 11, 2008 by Shayla Damery
It's that time of year: the holidays are over, you're back to work, and your credit cards are maxed out with post-Christmas debt. If you're wondering how to avoid paying that hefty interest charge that usually comes with carrying a balance, we have a potential solution for you! If you currently have a mortgage on your home, and have equity in the property, debt consolidation via refinancing your mortgage could be what you've been looking for.
Let's take a look at two scenarios. First, we have John Doe, who has a mortgage, carries a balance ...
Read more »December 2007 Mortgage and Housing Statistics
January 10, 2008 by Shayla Damery
On January 7th, 2008, the Canadian Association of Accredited Mortgage Professionals (CAAMP) released their January issue of CAAMP Stats. The publication includes information such as the Bank of Canada Interest Rate, the US Federal Reserve Discount Rate, new housing starts, and more. To view the full publication, please continue reading.
To learn more about CAAMP, please visit their website.
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January 3, 2008 |
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Cliquez ici pour la version française Happy New Year and welcome to the January issue of CAAMP Stats. CAAMP recently released its fall annual report on the state of the Canadian residential mortgage market. For a copy click ... |
2007 Edmonton Real Estate Review
January 7, 2008 by First Foundation
The year 2007 proved to have many ups and downs in store for the
For the month of December, the average single family dwelling price increased 1.5% from November and the average condominium price was up 0.4%. Over the span of the entire year, the average single family dwelling price rose from $341,993 to $382,022 (11.7%), the average condo price increased by 11.4% and the average price ...
Read more »November 2007 Mortgage and Housing Statistics
December 10, 2007 by Shayla Damery
On December 7th, 2007, the Canadian Association of Accredited Mortgage Professionals (CAAMP) released their December issue of CAAMP Stats. The publication includes information such as the Bank of Canada Interest Rate, the US Federal Reserve Discount Rate, new housing starts, and more. To view the full publication, please continue reading.
To learn more about CAAMP, please visit their website.
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December 7, 2007 |
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Welcome to the December issue of CAAMP Stats. CAAMP recently released its fall annual report on the state of the Canadian residential mortgage market. To view a copy of the report – click here. Best Wishes for a happy ... |
Average Edmonton Home Prices Continue to Drop
December 6, 2007 by Shayla Damery
For the month of November, housing inventory in Edmonton remained fairly high with 8,667 properties listed on the Multiple Listing Service.
The average price of single family dwellings dropped a whopping 5.3% to $376,267. The largest monthly decrease in single family dwellings before November was 3.2% in August. The average price of condominiums dropped 4.0% to $252,277, and the average price of duplexes and rowhouses decreased to $311,193, a 15.4% drop. Overall, the average residential sales price was $325,060 – a total decrease of 6.5%.
On average, listings remained on the ...
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