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CREB statistics are on the up and up

Since Jan 1, 2010, here are a few interesting statistics:

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Mortgage Support is no longer needed: Article

According to an article posted on Nasdaq . com "Fed To Say Stronger Economy No Longer Needs Mortgage Support".  The U.S. economy continues to improve, allowing the Fed to stop buying mortgage-backed securities by the end of March as planned.

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RBC Survey: Albertans most optimistic about housing market

The 17th Annual RBC Homeownership Survey claims that "Albertans are the most likely to say they are very likely to buy a home in the next two years". 

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What do you do when your bank turns you down for a mortgage

"What do you do when your bank turns you down for a mortgage?”

Alta West Mortgage specializes in private financing. We are directly responsible for lending the private funds of Alta West Mortgage, Fidelis Mortgage Corporation, Fortress Mortgage Inc., and several private lenders.

We finance the following:

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CMHC: Rise in housing starts will keep lid on prices in 2010

The following article from the Financial Post states that a "rise in housing starts will keep lid on prices in 2010".

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New Canadians: A new source of mortgage business for you

A CMHC study called the degree of home ownership among new Canadians “impressive,” as ownership increased, from less than 20% during their first six months in Canada, to more than 50% after four years. CMHC also observed that home owners who were new to Canada experienced the lowest degree of homeownership loss.

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ROI: When It's OK to Walk Away From Your Home

An interesting article found in the Wall Street Journal: "Millions of Americans are now deeply underwater on their mortgage. If you're among them, you need to stop living in a dream world and give serious thought to walking away from the debt.

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Empty offices fuel Calgary's real estate investment losses

Empty office spaces are taking over Calgary or at least they are fueling the real estate investment losses! An article in the Calgary Herald shares the results for the ICREIM-IPD Canada Annual Property Index covered $90.9 billion of directly held commercial real estate.

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Should Canada fear housing bubble trouble?

Should Canadians fear housing bubble trouble? An article posted on CBC shares the most recent MLS data.

Article: The most recent MLS data show that the average resale home in Canada sold for $337,410 in December — up 19 per cent from a year earlier. Sales were up a stunning 72 per cent.

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Canadian resale housing market up 58% over last year

According to an editorial in the Calgary Herald recent information released by the Canadian Real Estate Association the Canadian resale housing market is up 58% over last year. The average price of all homes sold through the MLS system last month was $328,537 which was up 19.6% over last year.

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TODAY'S RATES

and available loan programs
3.69%
5 YEAR FIXED
Close by Feb.28
1.95%
5 YEAR VARIABLE
Prime - 0.1%
1.90%
3 YEAR VARIABLE
Prime - 0.3%

Recent Blog Entries

CREB statistics are on the up and... Since Jan 1, 2010, here are a few interesting statistics:
Mortgage Support is no longer... According to an article posted on Nasdaq . com "Fed To Say Stronger...
RBC Survey: Albertans most... The 17th Annual RBC Homeownership Survey claims that "Albertans are...