Open House. OPEN HOUSE: Sun. June 27th 1-3pm

Posted on June 23, 2010 by Lyn Hart

Posted in Edmonds BE, Burnaby East Real Estate

Please visit our Open House at 7635 Davies ST in Burnaby.

OPEN HOUSE: Sun. June 27th 1-3pm

A once bland rancher has been elevated to new heights as a redesigned 2 level chic 3 bedroom, 3 bath showpiece. Owners have created a modern wide-open concept. The LR has a large fireplace focal point and the high calibre kitchen has generous counter space and gas stove. The adjacent dining area with French doors opens to a perfect garden oasis. Upstairs has 2 versatile kid-friendly bedrooms and a second bath. The expansive master bedroom retreat has its own fireplace, computer alcove, walk-in dressing room and a spa-inspired luxurious ensuite. The upper floor has the original oak flooring while the mechanical aspects of the house have completely replace and upgraded. Sellers are motivated...try your offer!

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New property listed in Edmonds BE, Burnaby East

Posted on June 19, 2010 by Lyn Hart

Posted in Edmonds BE, Burnaby East Real Estate

I have listed a new property at 7635 Davies ST in Burnaby.

See details here

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Open House. OPEN HOUSE: Sun. June 20th 2-3:30pm

Posted on June 19, 2010 by Lyn Hart

Posted in Edmonds BE, Burnaby East Real Estate

Please visit our Open House at 7635 Davies ST in Burnaby.

See details here

OPEN HOUSE: Sun. June 20th 2-3:30pm

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Mortgage Rate Update - June 15, 2010

Posted on June 18, 2010 by Lyn Hart

Posted in 2010 real estate market, buying, mortgage rates, Vancouver Real Estate blog, Vancouver real estate market

Little Change This Week...

Not much movement with interest rates this week. Some lenders have lowered their 1-5 year fixed rates over the last couple weeks, making the fixed option a little more desirable then it previously was. Also a great time to get yourself pre-approved and lock in these lower 5 years fixed rates. Rate holds are good for up to 120 days, which gives people time to shop around while holding on to yesterdays low rates. Variable Clients…...Still a great time to keep floating!

Bank Prime Rate 2.25%

Term	Best	Bank Posted
1 year	2.64%	4.35%
3 year	3.75%	4.60%
5 year	4.19%	6.10%5
10 year	5.25%	7.05%
25 year	9.30%	9.65%

Bold numbers denote change from last posted rates.

Variable mortgage from Less Than Prime...TODAY at 1.90%!

Courtesy of

Laura Stein - The Mortgage Centre
Telephone: 604-657-6535 ext 222
www.mortgagecents.ca

Call Laura today and tell her Lyn sent you!

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Mortgage Rate Update - June 8, 2010

Posted on June 8, 2010 by Lyn Hart

Posted in 2010 real estate market, buying, First-time buyers, mortgage rates, real estate, real estate market

No Surprise Hikes.

Not much movement with interest rates this week. All lenders raised their prime rate last week with the Bank of Canada...but we were all ready for that move. The bond market has left room for lenders to bring down their longer term rates. The 5 year rate could come down by another .5%. The Banks are charging 4.49% for their 5 year rate while others are willing to discount further. Low rates are here for awhile longer. Still a great time to keep floating!

Bank Prime Rate 2.25%

Term	Best	Bank Posted
1 year	2.64%	4.35%
3 year	3.75%	4.60%
5 year	4.19%	5.99%
10 year	5.25%	7.05%
25 year	9.30%	9.65%

Bold numbers denote change from last posted rates.

Variable mortgage from Less Than Prime...TODAY at 1.90%!

Courtesy of

Laura Stein - The Mortgage Centre
Telephone: 604-657-6535 ext 222
www.mortgagecents.ca

Call Laura today and tell her Lyn sent you!

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Bank of Canada Increase

Posted on June 1, 2010 by Lyn Hart

Posted in 2010 real estate market, mortgage rates, real estate market

Bank of Canada Increases Overnight Rate Target to 1/2 per cent and Re-establishes Normal Functioning of the Overnight Market
OTTAWA - June 1, 2010

The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly raised to 3/4 per cent and the deposit rate is kept at 1/4 per cent, thus re-establishing the normal operating band of 50 basis points for the overnight rate.

The global economic recovery is proceeding but is increasingly uneven across countries, with strong momentum in emerging market economies, some consolidation of the recovery in the United States, Japan and other industrialized economies, and the possibility of renewed weakness in Europe. The required rebalancing of global growth has not yet materialized.

In most advanced economies, the recovery remains heavily dependent on monetary and fiscal stimulus. In general, broad forces of household, bank, and sovereign deleveraging will add to the variability, and temper the pace, of global growth. Recent tensions in Europe are likely to result in higher borrowing costs and more rapid tightening of fiscal policy in some countries - an important downside risk identified in the April Monetary Policy Report (MPR). Thus far, the spillover into Canada from events in Europe has been limited to a modest fall in commodity prices and some tightening of financial conditions.

Activity in Canada is unfolding largely as expected. The economy grew by a robust 6.1 per cent in the first quarter, led by housing and consumer spending. Employment growth has resumed. Going forward, household spending is expected to decelerate to a pace more consistent with income growth. The anticipated pickup in business investment will be important for a more balanced recovery.

CPI inflation has been in line with the Bank's April projections. The outlook for inflation reflects the combined influences of strong domestic demand, slowing wage growth, and overall excess supply.

In this context, the Bank has decided to raise the target for the overnight rate to 1/2 per cent and to re-establish the normal functioning of the overnight market. This decision still leaves considerable monetary stimulus in place, consistent with achieving the 2 per cent inflation target in light of the significant excess supply in Canada, the strength of domestic spending, and the uneven global recovery.

Given the considerable uncertainty surrounding the outlook, any further reduction of monetary stimulus would have to be weighed carefully against domestic and global economic developments.

Information note: The next scheduled date for announcing the overnight rate target is July 20th, 2010. A full update of the Bank's outlook for the economy and inflation, including risks to the projection, will be published in the MPR on July 22nd, 2010.

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Associate Broker | Real Estate Sales

Open House. OPEN HOUSE: Sun. June 27th 1-3pm

New property listed in Edmonds BE, Burnaby East

Open House. OPEN HOUSE: Sun. June 20th 2-3:30pm

Mortgage Rate Update - June 15, 2010

Little Change This Week...

Mortgage Rate Update - June 8, 2010

No Surprise Hikes.

Bank of Canada Increase

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