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May

June 2011

Do You Want To Be a First Time Home Buyer?

 

On JUNE 22 I will be presenting a seminar for First Time Home Buyers at the West Shore Rec Centre.  Please forward this info to anyone who may be interested.  

 

For more details click here

Westshore 

 

 


Did You Know..... 

 

... 40 year amortization period is available on some mortgages

 

... fixed rates are dropping and variable rates are holding steady

 

...I can arrange a home Line of Credit at Prime + 0.50%

 

... there are no fees for my services

 

... lenders will accept Maternity Leave Income for mortgage qualification

 

... I can arrange a mortgage that is part FIXED RATE and part VARIABLE RATE

 

... a portion of my income funds a Camosun College Bursary for mature women returning to school

 

Home Renovations  

 

Are you thinking about home renos and wondering how that will impact the value of your home?  

 

Check out the Appraisal Institute of Canada's website.

 

They have a helpful worksheet to help with your planning.

Check out these Websites! 

 

MY BLOG    

 

Bank of Canada Meeting Dates

Current Gov't Mortgage Rules

Gail Vaz-Oxlade
(great budget worksheets!)

CMHC Spring Market Report

 

Last week I attended the CMHC presentation.  

Not only does Victoria represent 8% of BC's population, we also represent 8% of activity in the real estate market.  (The lower mainland 56%)

 

The average house price in Victoria is the same of the average price in BC.  $582,000

 

They said we are in a balanced market and they do not expect house prices to fall. Prices will remain steady. 

I've discovered a new restaurant!  


Flavour Bistro is located in the Ramada on Gorge Road.  They've been open since Feb 2011.

 

Oh my goodness!

 

Their stuffed french toast is to die for.  I tried it last Sunday and I wanted to lick my plate. LOL.  I can't wait to go back.  

 

Chef Robert uses local food, everything is made from scratch.  They have a kids menu and if you have food challenges just let them know.  Plenty of free parking.

Elizabeth Prins AMP

Mortgage Depot  

Verico Island Pacific Capital Corp.

 

250.475.1166

toll free 1.888.622.7999

liz@mortgagecanada.com 

www.MortgagesByLiz.ca  

    

 

Hello!  

Can you believe those Canucks?!  I am so stressed about the game, but I'm thinking positive thoughts.

Sonny turned 12 years old on June 2nd.  Here is a picture of him and his office colleague sonny bdaycelebrating. Morgan's head is too small for a hat so we left it off.  

Things are stable in the mortgage world. Fixed rates are at record lows again and the variable is steady.    

Realtors are telling me that business is picking up after a quiet spring. People seemed to be waiting to make their decision to buy or sell. Is it the weather, hopes the house prices will drop?  Not sure.  I suspect once interest rates start to increase, as we know they will, people will jump in.


Enjoy your day and please keep in touch.  

GO CANUCKS GO!  

 

Warm regards,