The Roy Report by Alta West Mortgage
       
Issue No. 2 | November 2010   
  In This Issue:
Stability for Housing Market

Stability for Housing MarketRecent economic data hints that the assumptions made about housing sales worsening are "too negative", and that a moderation in home prices and low interest rates could prompt much stronger than the Canadian housing market's expected demand.

 

The following article explores how a low interest rate environment has strengthened demand in the Canadian housing market, highlighting that a tight supply of listings has made certain that prices don't reduce too much-creating a stable market and a favoured situation for both home buyers and home sellers.

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A1Majority of Alberta Boomers Have Paid Off their Mortgages
  
A recent report made by TD Canada Trust Buyers revealed that close to six in 10 Alberta boomers have paid off their mortgages, opposed to the 44 per cent nationally.

Mortgage-Payments-Full-Albeta-BoomersThe following article highlights how, in Canada, Alberta's boomers have been recognized as most likely to pay off mortgages in full, while examining the province's growing opportunistic prosperities (specifically in Calgary) over the last few years.

 

The article also draws attention to the potential that Alberta has to offer its citizens, and how the province provides Albertans with a range of options that assist in the earning of good incomes and contribute to the proper financing of mortgages.

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A3Insider Home Staging Tips 

Staging a home for sale and setting it up to show in the best light possible prior to putting it on the market can make an immense difference, as homes sell 80 per cent faster, and for 7 to 11 per cent more money than homes that are not staged. While buyers frequently have a difficult time picturing how a property can be used, innovative home staging is crucial-particularly to home sales in a down market.

 

Insider Home Staging TipsThe following article provides tips, hints and ideas for staging a home and explores the dramatic value home staging brings to the perceived property value.

 

The article also highlights how realtors have used modern home staging to distinguish a much stronger attraction to the property being sold.

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A4Should Buyers Beware?

 

One of the biggest choices a person will make in their life is to purchase a home, and this may lead some individuals to wonder if their best option is to buy or rent.

 

Should Buyers Beware?There are many advantages to both alternatives; however, there is much information that needs to be taken into consideration, such as commercial mortgage rates, current mortgage interest rates, financial situations and recent housing markets.

  

The following article explores how to decide whether to rent or buy (focusing on more than just price and bargains) and concentrates on educating prospective buyers about investment property.

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Canadian Mortgages Top $1 Trillion  
  
A new report says Canadian mortgage debt has spiked to over $1 trillion, largely as a result of high home prices and low interest rates. The Canadian Association of Mortgage Professionals says in its annual report that the value of outstanding mortgages is now 7.6 per cent higher than it was last year.
 
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A2Calgary Multi-Family Starts Soar  
  
Multi-family starts in the Calgary census metropolitan area soared in October to a level more than 90 per cent higher than a year ago. According to data released today by Canada Mortgage and Housing Corp., there were 438 multi-family units that began construction last month, up from 230 units in October 2009. 
 
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Calgary, AB, T2X 1J6
Canada
Phone: 403-254-9075 
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www.altawestmortgage.com