Tag Archives: 999-rose.ca

Mortgage Rates for Dec 8, 2015 — By Peter Paley

                                            

Peter Paley - Your Home and Mortgage Peter Paley

Come visit Realtor Rosalie Drysdale Website each week for my weekly Mortgage Rates.

 
Whether you are looking to purchase, refinance, or renew, we can help you decide whether a fixed or variable-rate mortgage will work best for your situation. Call today!
 
At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.
 
We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

3.14%

3.10%

1 YEAR

2.89%

2.29%

2 YEARS

2.84%

2.24%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.74%

7 YEARS

5.30%

3.49%

10 YEARS

6.10%

3.89%

Rates are subject to change without notice. OAC E&OE

Prime Rate

2.70%

5 yr variable

2.30%

Looking at Purchasing that New Home, Needing a Mortgage,

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Winnipeg Real Estate News – November MLS® Sales Up 9%

WinnipegRealEstateNews

PRESS RELEASE        December 4, 2015      For Immediate Release

BEST NOVEMBER ON RECORD AT OVER 900 SALES

November MLS® Sales Up 9%

 
 
WINNIPEG – Mild weather, hosting the Grey Cup, being singled out as one of the best destinations in the world to visit by National Geographic Traveler magazine, or just having a an excellent supply of terrific listings to choose from with such favourable mortgage rates, it was the first time November nudged over 900 sales in WinnipegREALTORS® 112-year history.
 
Not surprisingly, dollar volume was at its highest level too for this month at nearly $245 million and with a month to go, it is virtually assured a new annual dollar volume record will be set around the $3.5 billion mark. November also set a record for the highest-priced residential-detached or single family property sold ever at $2.7 million. It is a spectacular home and acreage nestled along the Assiniboine River in St. Francois Xavier.
 
“We have said all along this year Winnipeg is a very stable real estate market with good fundamentals supporting it,” said WinnipegREALTORS® president David MacKenzie. “November’s strong result puts us in an advantageous position to beat out last year’s solid sales performance and usher in a new annual dollar record.”
 
November MLS® unit sales of 903 represent an increase of nearly 9% over November 2014 and are the highest on record for this month. Similarly, dollar volume of close to $245 million set a new November dollar volume record and was up 12% over November 2014. Year-to-date MLS® unit sales of 12,285 are up less than 1% while dollar volume of $3.3 billion has increased almost 3% over the same period in 2014.
 
Listing supply continues to be elevated with 4,377 available for sale at the end of November. This total is only a 5% increase over last year but is significantly more in percentage terms over some previous years when there were well under 3,000 properties for sale.
 
“Higher levels of listings, particularly in a property type where there are not as many sales each month, can put downward pressure on pricing given the heightened competition for buyers”, said MacKenzie. “This is why it is so important to talk to your REALTOR® about your property type in the context of the current market. Where do you price your property best based on supply, location and competition within your price range segment?”
 
The 5 months of MLS® listings supply available at this time tilts more towards a buyers’ market. As a result it puts more of a premium on vendors to do everything possible to place their property in its most positive light to sell given the stiff competition which exists.
 
As for the status of different MLS® property types heading in to the final month of the year, residential-detached or single family homes which represent 3 out of every 4 homes sold so far in 2015, are ahead 3% in sales activity and 2% in average sales price in comparison to the same period in 2014.  The average sale price is $294,973.
 
Condominiums which got off to a real slow start at the beginning of the year have recovered to some extent but are still off 11% from 2014. Their average sales price of $236,947 is down less than 1% from last year. Condos are the second most active MLS® property type with 12% of total market share.
 
An affordable alternative to single family and condominium properties is single-attached. They have increased nearly 8% in sales this year and experienced an average sale price rise of over 3%. Their average sales price is $226,860. This third most active MLS® property type only captures 3% of the total MLS® market. Vacant land sales are slightly lower in activity but similar in percentage terms.
 
The most active price range in November for residential-detached sales was $250,000- $299,999 (22% of sales), followed by the $200,000- $249,999 (18%) and $150,000 -$199,999 (12%) and $300,000-$349,999 (12%). Average days on market for residential-detached sales was 41 days, a week slower than November 2014. The highest-priced residential-detached sale was $2.7 million. The least expensive sale was $49,000.
 
The most active price range in November for condominiums was the $150,000-$199,999 (29% of sales), followed by the $100,000-$149,999 (19%) and the $250,000-$299,999 (18%). Average days on market for condos was 49 days, 3 days off the pace set in November 2014. The highest-priced condo sale was $587,932 and the lowest sale price was $101,000.
 
Established in 1903, WinnipegREALTORS® is a professional association representing over 1,850 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market.  Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession.  REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by The Canadian Real Estate Association and are used under licence.
 
Residential  Detached Sales Chart November 2015 Residential  Detached Sales Market Comparisons November 2015

Thank you to all the Mortgage Brokers who I have worked with through 2015

Purchasing a home is the largest financial investment many people make in their lives, and I will go the extra mile to assist them in the process.
 
Being a Realtor means more to me than simply selling homes; it is about building relationships with my clients based on TRUST, KNOWLEDGE, and EXPERTISE.
 
As a Realtor of 20 years in the business, I worked hard to provide my clients a Network of Business that will provide a easier time to get the service needed to purchase or sell their property.
 

Message from Realtor Rosalie Drysdale

 
Coming to the end of your term with your mortgage, needing to resign for the next five years. Contact one of the Mortgage Brokers from my website
 
http://999-rose.ca/wp/services/financial/

Contact one of the Mortgage Professional below to help you with the progress and let the Mortgage Broker know who referred there services to them.

Daryl Harris Daryl Harris @ http://www.winnipegsbestmortgage.com

Follow Daryl on twitter@wpgsbestmtg

 

Justin Hintz - 1Justin Hintz @www.justinhintz.com

Follow Justin on twitter@justin_hintz

 

Leonard mcAuliffeLeonard mcAuliffe @ http://www.thatmortgageguy.ca

Follow Leonard on twitter @wpgmortgageguy

 

 Kevin Stefanson - Mortgage Broker Kevin Stefanson@ https://www.castlemortgagegroup.ca/brokers/30

Follow Kevin on twitter@mortgagebykevin

 

Peter Paley Peter Paley @ Invis Canada’s Mortgage, http://www.peterpaley.com/

Follow Peter on twitter@PeterPaley

 

Lisa J. Gryba Lisa Gryba @ One Link Mortgage Financial, http://lisagryba.com/

Follow Lisa on twitter@LisaJGryba

 

TRENA-Taylor -- The Mortgage Mogul 1 Trena Taylor @ Winnipeg,  http://themortgagemogul.blogspot.ca/

Follow Trena on twitter@mortgagemogul_

 

If you are wanting to deal with a Credit Union ,please contact

Cory Papineau -- Assiiboine Credit Union Cory Papineau @ Assiniboine Credit Union , 2659 Pembina Highway

Follow Cory on twitter@Iam_Canadian

 

If you are in the Market to Sell or Purchase a Home or Condo,

Please Contact me Realtor Rosalie Drysdale

The Five Signs of a Successful Sale

999-rose -- For Sale999-rose -- For Sale QR Code999-rose -- Open House Small Sign999-rose -- Open House999-rose -- Sold

How to overcome home buying obstacles

(NC) Whether you’re a first time home buyer or experienced in the world of home ownership, there are plenty of unexpected challenges you’ll have to overcome in this process.
 
According to the 22nd Annual RBC Home Ownership Poll,
choosing the right property (35 per cent) tops the list of challenging decisions home buyers experience, followed by deciding how much you can afford (21 per cent) and getting a home inspection (10 per cent).

 

RBC offers the following tips:

 

• Find the ‘right’ property: Research everything from the type of property you want, to location, to the condition of the home. Know what trade-offs you are willing to make.

 

• Understand the total cost: Calculate both one-time costs such as down payment, appraisal and legal fees, and ongoing costs such as mortgage payments, utilities, maintenance. Balance those costs against your lifestyle.

 

• Do a home inspection: Be aware and ask questions, and know the full condition of the home before closing the deal. What you learn in advance could help you save money and ensure you pay the right price for your home.

 

More information is available at www.rbc.com/firsthome.

 

Source: www.newscanada.com

 

Message from Realtor Rosalie Drysdale

 
Coming to the end of your term with your mortgage, needing to resign for the next five years. Contact one of the Mortgage Brokers from my website
 
http://999-rose.ca/wp/services/financial/
 
Contact one of the Mortgage Professional below to help you with the progress and let the Mortgage Broker know who referred there services to them.

 

Winnipeg Real Estate News – September Sales Better than Average at 1,144

Winnipeg real estate News Logo

YEAR-TO-DATE SALES OF 10,298 JUST AHEAD OF 2014
–           –           –
September Sales Better than Average at 1,144

 

WINNIPEG – September MLS® sales activity and the year-to-date pace is indicative of a steady market.  It is tracking very closely to 2014 as was forecast.  2014 saw Winnipeg
REALTORS®’ 5th highest MLS® sales result in its 112-year history.

 

If we even use the third quarter or the past 3 months as an example, and look back over 3 years including 2015, it is quite remarkable how similar they are. Some may say nearly identical as there is a difference of only 7 sales between the highest and lowest sales results.  In order of highest third quarter MLS® sales to lowest they are as follows: 2013 – 3,803; 2014 – 3,802; 2015 – 3,796. You would be hard pressed to find such a minimal sales difference in any other major Canadian real estate market.

 

“They are not headline grabbing numbers,” said WinnipegREALTORS® president David MacKenzie. “What they tell us is we are very much in a narrow range of monthly MLS® sales results when up against the same month in 2014. Stability lives here and that is an attribute we can feel positive about in a world full of uncertainty.”

 

September MLS® sales of 1,144 were off 3% from September 2014.  However, they are over 2% higher from the 10-year September average.  There has only been one September when sales climbed over 1,200. Despite sales being down 3% from September 2014, dollar volume of $307 million eclipsed last year’s level of $305 million and is the highest MLS® dollar volume on record for September.

 

Year-to-date dollar volume is now over $2.8 billion, up 2% from 2014.  At 10,298 sales, year-to- date sales are in a virtual deadlock with 2014 as a mere 20 more sales have been processed through WinnipegREALTORS® MLS® in 2015 when compared to the same period in 2014.

 

More activity has emerged in the last few years with listings. Winnipeg is in a far more balanced market with 5,538 MLS® listings available at the end of September.  This equates to roughly 5 months of supply if no new listings were to come onto the market.

 

Single family homes represent the most at 3,110 while condominiums are well back at 860. There are another 708 vacant land listings.

 

“People in the market who are looking to buy property are well placed at this time to take advantage of a healthy supply of all MLS® property types within our market region,” said David MacKenzie. “They should be calling their REALTOR® as they will advise them on what specific choices they have within the property type and location they are interested in living.”

 

The most active price range in September for residential-detached sales was $250,000-$299,999 (24% of sales), followed by the $200,000-$249,999 (19%) and $300,000-$349,999 (12%).  Average days on market for residential-detached sales was 35 days, 2 days slower than September 2014. The highest priced residential-detached sale was $1,150,000. The least expensive sale was $39,500.

 

The busiest condo price range was $150,000-$199,999 (30% of sales), followed by the $200,000 to $249,999 (22%) and $250,000- $299,999 (16%).  Average days on market for condominium sales was 56 days, 16 days slower than September 2014. The highest-priced condo sale was $482,500 and the lowest-priced sale was $72,500.

 

Established in 1903, WinnipegREALTORS® is a professional association representing over 1,880 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market.  Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession.  REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by The Canadian Real Estate Association and are used under licence.

 

Source: Winnipeg Real Estate News
 

Message from Winnipeg Realtor Rosalie Drysdale

If you are in the market to sell or upgrade your home. Please contact my Real Estate team and we will show you how to get the best dollar value for your home. Selling Homes from thousand dollar to million dollar homes, we can help you find what you are looking for or selling your home.
 
999-rose -- For Sale

Ready to become a savvy homeowner and let renters help pay your mortgage ? Talk to me today and find out how !

 

Peter Paley
Mortgage Associate

204.289.0894

Your Home & Mortgage

Five reasons why you should let renters help pay your mortgage

Are you a savvy homebuyer ?

Then let renters help pay your mortgage.

Recently Canada Mortgage and House Corporation (CMHC) announced that when qualifying for a mortgage, homeowners could now count all of the income from their legal secondary unit(s) instead of the previous 50 per cent, making it easier to qualify and giving this home buying option a boost.

Whether you’re a first-time homebuyer feeling your way into the housing market or an existing one looking to lower your mortgage payment, here are five reasons why having renters help pay your mortgage is such an appealing option:

  1. Some first-time buyers want to move directly into a single-family home and get mortgage assistance using a rental suite instead of purchasing a condo at a lower cost.
  2. If you want to get your foot into the world of real estate without breaking the bank, a home with a rental suite can be a great start, especially if the area you happen to love is pricey.
  3. Homeowners looking ahead to the future may want to lower their mortgage cost so they can channel money into other investment areas like RRSPs, TFSAs, RESPs. Or simply as a way to become mortgage free sooner.
  4. Spending less on your mortgage can give you the freedom to change your lifestyle or follow your dreams, perhaps to travel, start a new business venture, or allow for the luxury of having a stay-at-home parent.
  5. Rental suites are also great if you have aging parents. You can keep them close without infringing on personal space. Keep in mind that if tenants are family members, lenders and insurers will not use the rental income for qualifying purposes.

Ready to become a savvy homeowner and let renters help pay your mortgage?

Talk to me today and find out how!

 

MORTGAGE CHOICE: MONOLINE LENDERS

Keep Calm and Choose Wisely

Finding a perfect mortgage that fits your life is like finding the perfect home. It’s an important decision that requires a lot of shopping around. That’s where we come in. With access to over 50 of Canada’s leading lenders, we are a one stop shop. We work with major banks, credit unions, and national, regional and private lenders. One specific lender type that we work with is called a “monoline” lender, which focuses just on mortgages and doesn’t take deposits. They don’t have other products to cross-sell, which differentiates them from a bank or credit union. They are an important part of the mortgage market because their mortgage products and low pricing improve consumer choice and ensure that our banks remain competitive. Most monoline mortgages are only available through mortgage brokers, which is one of the reasons so many Canadians are turning to mortgage brokers for their purchases, refinances and renewals.

Happy Thanksgiving

The Thanksgiving holiday is a special time to pause and give thanks for the comforts of family and home. It’s so gratifying to know that so many will be celebrating in homes that we helped them achieve. Happy Thanksgiving!

Peter Paley
Mortgage Associate
204.289.0894

Message from Peter Paley Mortgage Broker

The Thanksgiving holiday is a special time to pause and give thanks for the comforts of family and home. It’s so gratifying to know that so many will be celebrating in homes that we helped them achieve. Happy Thanksgiving!

Happy Thanksgiving

Two Bedroom Condo at 503 – 870 Cambridge Street , Winnipeg, MB

503 - 870 Cambridge St 054

Price reduced on this Two Bedroom Condo

Fantastic, affordable condo. All utilities included in condo fees! Brand new kitchen (2015) with new appliances, gorgeous back splash and flooring. Some new light fixtures and other updates. Newer laminate hardwood flooring. Lots of storage space.

503 - 870 Cambridge St 005 503 - 870 Cambridge St 001

503 - 870 Cambridge St 022 503 - 870 Cambridge St 024

More pictures and information on this Condo at 503 – 870 Cambridge Street Winnipeg MB.

Showing Start on September 2 , 2015 Call Realtor Rosalie to view this Condo…

503 - 870 Cambridge St 040 503 - 870 Cambridge St 042

This is a concrete building. Large balcony with excellent view from 5th floor vantage point. Close to all amenities. You name it – it’s at your finger tips.

Brokers call for standardized penalties

by Justin da Rosa | 20 Jul 2015
 
It may be an exercise in futility, but brokers are once again calling for consistency in the way banks calculate mortgage penalties.
 
“We need regulation for penalties – every lender calculates them in a different way,” Paul Sidhu, president of Safe Mortgages told MortgageBrokerNews.ca. “I had one client that was hit with a $28,000 penalty at (one big bank) and we called the ombudsman and they couldn’t explain how it was calculated. TD wouldn’t explain it either.”
 
Sidhu went so far as to file a FSCO complaint against the ombudsman and eventually, the bank reassessed the penalty and dropped it to a much lower figure.
 
Penalty calculations are a perennial concern for mortgage brokers, whose clients are often hit with hefty bills. And there isn’t enough consistency across the board, most say.
 
“There are so many different ways lenders calculate penalties – certain lenders will use the posted rate and not the discounted rate that was offered to the client,” Narish Maharaj of Dominion Lending Centres Mortgage Mentors recently told MortgageBrokerNews.ca. “Others will subtract the client rate from the T BILL rate and subtract the client’s rate to determine the penalty.”
 
But is reform in the future?
 
One broker isn’t so optimistic.
 
“I think it’s wishful thinking because there isn’t enough public outcry,” Kent Farnsworth of Mortgage Alliance Simply Mortgages told MortgageBrokerNews.ca. “Interest rate differential penalties are the most frustrating – I think (a penalty of) three months’ interest is sufficient, but not all lenders calculate it that way.”
 
Still, the growing outcry – and action like Sidhu’s against the ombudsman – may make a slight difference.
 
Source: MortgageBrokerNews.ca

Mortgage Rates for June 30, 2015 — By Peter Paley

                                            

Peter Paley - Your Home and Mortgage Peter Paley

Come visit Realtor Rosalie Drysdale Website each week for my weekly Mortgage Rates.

Whether you are looking to purchase, refinance, or renew, we can help you decide whether a fixed or variable-rate mortgage will work best for your situation. Call today!

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

3.14%

3.10%

1 YEAR

2.89%

2.29%

2 YEARS

2.84%

2.19%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.59%

7 YEARS

5.30%

3.39%

10 YEARS

6.10%

3.84%

Rates are subject to change without notice. OAC E&OE

Prime Rate

2.85%

5 yr variable

2.20%

Looking at Purchasing that New Home, Needing a Mortgage,

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website