Mortgage Rates + Market News + More!

The Mortgage Monitor	June 2011

Michelle Brienza

I hope this June newsletter finds you well. The weather is finally starting to feel like summer!

I am very excited to announce a free, no obligation land banking seminar coming up on the evening of Wednesday June 8th, from 7pm-8:30pm. Dinner will be served.

This will be a great opportunity for you to learn what land banking is and how it works. You will also get an idea of type of return you can expect when you invest. It is a great way to invest in real estate without the full responsibility of full ownership.

As of December 31, 2010, Walton has completed the syndication of 297 projects, with another 16 in the process of syndication. Of these 313 projects, 43 projects have had full or partial exits to December 31, 2010, resulting in the distribution of $647.1 million (CAD) to investors and clients.

While Bank of Canada kept the overnight lending rate unchanged, fixed rates have been dropping a little bit. The STRONG message being sent out to Canadians is an official warning about spending beyond one's means. If rates rise and consumer debt load is still rising, this could have devastating consequences. Please ensure that your payment obligations are within your means. If they are not, please contact me for a free consultation.

Please click here for my latest mortgage rates!

Michelle

Michelle Brienza, AMP (Lic # M0806298)
Senior Mortgage Agent
Lending Logic Financial Inc.(Broker # 11782)
Direct: (416) 410-5761 Fax: (416) 410-5761
www.michellemortgages.ca
michelle@michellemortages.ca

Mark Carney standing pat - for now

OTTAWA-Bank of Canada Governor Mark Carney kept borrowing costs unchanged Tuesday but used his rate announcement to warn debt-burdened consumers that today's low interest settings won't last too much longer.

Citing a precarious world economic outlook, the central bank held its trend-setting overnight interest rate at 1 per cent in an effort to sustain Canada's rebound from the global recession.

But Carney took the opportunity to alert Canadian consumers, businesses and financial markets that he will "eventually" have to take steps to drive up borrowing costs to slow inflation.

Click here for the full article

8 Places to look for a cottage in Ontario

Bruce Peninsula: With 500 miles of shoreline, the area offers the majestic hikes of the Bruce Trail. Prices for waterfront land-access properties range from $250,000 to $450,000.

Haliburton Highlands: Just northeast of Toronto via a two-and-a-half hour drive, the area is known for pristine forests. There are adventure activities suitable for everyone, including the famous Algonquin Provincial Park. Average prices range from $150,000 to $350,000.

Kingston/Gananoque: Known for the Thousand Islands, and including the UNESCO designated Rideau Canal. Area has seen a five to 10 per cent increase in lower-end properties this year. Waterfront properties are $180,000 to $300,000. "With slightly more inventory this year, buyers have more choice," says realtor Wayne Carrothers.

Click here for the full article

Land-Based Real Estate Information Session:

Wednesday, June 8

Walton Capital Management invites you to attend an information session on Land-Based Real Estate.

The session is taking place at Ristorante Boccaccio at 901 Lawrence Ave. W. Cocktails are at 6:30, followed by the presentation and dinner.

If you're interested, please email Ruby Ranosztay at rranosztay@waltoncapital.ca or call her at 647.826.1209.

Summer in the city!

School is almost out - and lots of parents are going to be scrambling to keep kids entertained. I found this site: toronto4kids.com, which features an A to Z Guide to a great summer.

Sample suggestions: A comprehensive list of festivals and events, including the African Penguins at the zoo, ROM kids weekends and a list of GTA water parks.

Click here for the guide

Contact Me

Michelle Brienza
email
website
Phone: (416) 410-5761