Serge Bourgoin: Hey everyone, it's Serge here again from FindMyHouse.ca eXp Realty with another edition of what you need to know about real estate. Today, I'm with Carl Bosecke, a long time friend of mine and real estate lawyer. We're going to talk about title insurance versus maybe a real property report and compliance. So what can you tell us about that?
Charles Bosecke: So, this is probably one of the most problematic areas in real estate purchase transactions. Real property reports, just as a background, is a survey of the property, which shows all of the structures and improvements on the property. And it indicates all of the dimensions of the size of the structure and the location of the buildings and the structure of the property.
The Bank of Canada has remained – somewhat defiantly – on the sidelines yet again, but it is feeling the pressure to get back into the game and one obstacle has now been removed.
The bank held its benchmark rate at 1.75% for an eighth straight setting. At the same time it has clearly signalled it may not be able to hold that line much longer. In its quarterly Monetary Policy Report (MPR) the bank pointed directly at trade conflicts (such as the U.S. – China tariff war) as the key cause of a global economic slowdown. Growth has fallen to its lowest level since the financial collapse in 2007. Around the world more than 35 other central banks have already cut rates in an effort to keep growth from stopping altogether.
Are you looking for a great DEAL? It has an asking price $80,500 below the assessed value!! Where else are you going to find a 1,300 sq.ft. 2 bedroom, 2 bath condominium with heated underground parking only 5 minutes walk to the ravine, just a few minutes drive to downtown and the University listed for a mere $169,900.
has everything you need & more. Main floor boasts a bright kitchen, washer/laundry area, dining room, large living area, half bath & access to the main floor patio. 2nd level offers a large loft style living area, a full bath, 2nd bedroom, Master with private balcony and semi ensuite (full 4 pce bath). Huge closets in the bedrooms, the abundance of storage and heated underground parking make this an easy choice. The building is
Hi Everyone! It’s Serge here, with eXp Realty, and FindMyHouse.ca. Today I wanted to briefly talk about Buyer Representation Agreements. What They are and how you benefit from this Agreement.
Once you have made the decision to buy a house you will need to Work with a Realtor. Law in Alberta require him or her to Explain Buyer Representation Agreements with you.
These written agreements are designed to protect you and to ensure your best interests are realized. They describe the relationship between yourself and your Realtor, holding the Realtor accountable for their Duties, Responsibilities, and the services that they provide to you. Most importantly, they are legally enforceable making sure you are legally Protected.
Before the weather grows colder it’s important to prepare for the winter months to prevent costly damage. Below are the fall preventative home maintenance steps that every homeowner should follow.
Gutters and Downspouts
Clean gutters and downspouts frequently throughout fall to prevent build up of leaves and other debris. Neglected gutters can lead to wood rot problems and pest infestations, not to mention ruined gutters.
Be sure water is not coming down behind gutters and that all support brackets are securely in place.
Ensure that water drains properly and doesn’t pool. Pooling can cause damage to foundations, driveways, and walkways.
Windows and Doors
Change summer screens to cool weather storm windows and doors.
I don’t think anyone would be surprised to hear me say that the Edmonton real estate market continues to be weak, and continuing it’s downward trend.
The month of September has not been kind. So far with a couple days left in the month there has only been 332 single-family homes sold. That is a 14% drop in sales from September 2018.
Year to date we have had 3,702 in comparison to 3.953 last year. With that in mind based on the number of members of the Realtors Association of Edmonton that would equal to just one home sale per agent.
The other significant number is the average selling price, which this month has been at $362,000 a drop of 6.85% from the same time last year. But remember that average sales price is different from home valuations.
Some interesting news came out today. The bank of Canada has decide to hold their overnight interest rate at 1.4%. As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from me on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate.
You might have heard in the news, but we now have a new First Time Home Buyer Incentive Program that helps make owning a home more affordable! This program is specifically designed to reduce your monthly carrying costs. The Incentive enables first-time homebuyers to reduce their monthly mortgage payment, without increasing the amount that they must
The New Government of Canada First-Time Buyer Incentive Program Rolls Out Today!
As many you know the new Government of Canada First-Time Buyer incentive program rolls out today! But do you have all the information that you need to know?
More importantly do you have the answers to these questions, "Do I qualify for the program?", "Is the program right for me?", "Does the government now have a partial ownership in my home?, and "How do I participate in the program?"
You can answer all these questions by downloading this free information book. http://bit.ly/2jY63ZY