I have sold a property at 111 3911 Carrigan CRT in Burnaby

Posted on August 19, 2010 by Lyn Hart

Posted in Government Road, Burnaby North Real Estate

I have sold a property at 111 3911 Carrigan CRT in Burnaby.

Completely renovated two bdrm unit at "Lougheed Estates." This building is problem free w/a new roof & plumbing pipes. This unit is not on the ground lvl & is very private, facing the courtyard. This unit has been completely renovated. Fresh paint, laminate flrng, lighting & crown moldings throughout. Brand new bath; new backsplash, tub, toilet, sink & vanity. Brand new kitchen w/pot lights, maple cabinets w/underlighting, countertops, backsplash & newer appliances. Tons of cupboard space in the kit & extra storage in the hall. Large eating area & living rm w/sliders onto your entertaining size deck looking onto the courtyard. Both bdrms are a great size. All you have to do is move in!

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Mortgage Rate Update - Aug. 17, 2010

Posted on August 18, 2010 by Lyn Hart

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

Dropping...

Great news this week as the “Big Banks” are finally getting in the game for interest rates. The news is all about the drop in interest rates by the Banks. Other lenders have already been down for a few weeks and I am looking to see rates go down even further. It is becoming more difficult to make the choice between variable and fixed rates as these rates get closer together.

The Real Estate market has slowed considerably since the hectic pace of late spring/early summer. Higher rates, changes to qualifications for obtaining a mortgage and the perceptions surrounding the HST are all responsible for the slowdown.

When things get slow, rates stay low….or go lower. Perhaps we will see a busy fall market as borrowers see an opportunity with lots of housing inventory and great interest rates.

Bank Prime Rate 2.50%

Term	Best	Bank Posted
1 year	2.65%	3.50%
3 year	3.49%	4.50%
5 year	3.79i	5.49i
10 year	5.25%	6.90%
25 year	9.30%	9.65%

Bold numbers denote change from last posted rates.

Variable mortgage from Less Than Prime!

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 - August 10, 2010

Posted on August 10, 2010 by Lyn Hart

Posted in 2010 real estate market, buying, First-time buyers, Laura Stein, mortgage rates, real estate market, Vancouver Real Estate blog

Baby Steps...

Another week - another small decrease in interest rates. I’ve been telling you that fixed terms have to come down and they are. There’s more room for decreases but whether or not the lenders offer the savings to the borrower or try to hang onto their larger spreads, only time will tell.

The Bank of Canada next meets Wednesday, September 8th. It’s widely thought that the B of C cannot go too much further without the rest of the world, most notably the USA, joining in the recovery. Based on what I’ve read, the recovery in the USA is looking more like 2012-2013. About the time that the Port Mann bride is finished, rates in the USA will be going up.

Until then, keep your speed under 80km/h (in Vancouver) and consider riding in a variable mortgage. Have a Great week!

Bank Prime Rate 2.50%

Term	Best	Bank Posted
1 year	2.65%	3.50%
3 year	3.49%	4.50%
5 year	3.89i	5.79i
10 year	5.25%	6.90%
25 year	9.30%	9.65%

Bold numbers denote change from last posted rates.

Variable mortgage from Less Than Prime...TODAY at 2.15%!

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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Associate Broker | Real Estate Sales

I have sold a property at 111 3911 Carrigan CRT in Burnaby

Mortgage Rate Update - Aug. 17, 2010

Dropping...

Mortgage Rate Update - August 10, 2010

Baby Steps...

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