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Veronica Palin
First Place Realty
3916 - 1 Street NE, Calgary, Alberta
P: 403 819 1399  F: 403-592-8081
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Hello Everyone:

 Well, I have been talking about this long enough and finally I did it. My first newsletter, the Palin Voice. Thank you so much for taking a moment to check out our site.
 
If you read my mission statement, that pretty well says it all. At last I have an opportunity to better serve you.
 
Buying and selling a house is a huge undertaking I don’t need to tell you. What this newsletter/blog will enable is for Michael and I to give you even more relevant information on this and reduce your anxiety in the process.
 
In these times where everyone is pummelled with data when we make important purchases, often times we don’t always have the time (or get distracted) to ask all the pertinent questions. When this occurs, often times details can get missed.  
 
Now with the Palin Voice you are able to check out a variety of information sources that will assist you in your final transaction. Knowing how busy your life is, I want to keep all of the communications brief and concise. Please give me feedback on how you like the format and user friendliness of the Palin Voice.
 
This site is here to serve you and your real estate needs more effectively. I look forward to hearing from you.

 

Mission Statement: To provide better, more comprehensive communications to my friends, clients and colleagues concerning the Calgary real estate market, thus enabling better informed decisions with home buying and selling.

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Monday, January 31, 2011 - Calgary, Jan. 18, 2011

Calgary, Jan. 18, 2011 – The Calgary real estate market appears to be on its way to recovery.
In the coming months, Calgary‘s housing inventory levels are expected to stabilize, resulting inan eventual return to a more balanced and sustainable housing market, according to CREB‘s 2011 forecast report released today.  Click here to read more!


posted in General at Mon, 31 Jan 2011 14:13:05 -0700



Wednesday, January 19, 2011 - New Mortgage Rules

Concern over rising consumer debt levels prompted Ottawa to make three new changes to Canada's mortgage rules.

Finance Minister Jim Flaherty announced Monday [http://www.fin.gc.ca/n11/11-003-eng.asp] that new federal rules will reduce the maximum amortization period to 30 years from 35 years for government-backed insured mortgages with loan-to-value ratios of more than 80 per cent.

Secondly, Ottawa will lower the maximum amount Canadians can borrow in refinancing their mortgages to 85 per cent from 90 per cent of the value of their homes.

Thirdly, Ottawa will withdraw government insurance backing on lines of credit secured by homes.

By reducing maximum amortization from 35 to 30 years, will reduce interst paid by the borrower as the mortgage will be paid off faster, but it also reduces the borrower's purchasing power, too -- lower amortization = higher monthly payments, therefore tougher to qualify for a more expensive property.
The Finance Minister says that by lowering the maximum refinancing from 90 to 85 per cent means that borrowers will be able to borrow less for renovations and consolidate less of their high interest debt (no wonder the banks applaud these changes), and it will limit the borrower's cash flow, thus limiting reinvestment.

In addition to cutting mortgage terms, Ottawa is taking action to reduce the rapid rise in home equity lines of credit, or HELOCs. The government will do this by clamping down on the insurance that Canada Mortgage and Housing Corp. offers to the lines of credit.

These changes will not take effect imediately because of a requirement to give the industry 60 days notice before making policy changes of this nature, so please contact me if you or any of your contacts is looking to purchase or refinanace a home.

Regards,
George


posted in General at Wed, 19 Jan 2011 16:15:57 -0700



Wednesday, December 22, 2010 - Todays Market

Today’s Market
Still a great time to buy:

1.  Interest rates are still low

5 year fixed mortgages 3.69 %          Variable 2.3 %

Source:  George MacDonald Mortgage Broker

2.  Lots of selection in the market. There are lots of listings for houses and plenty of choices for condos.

3.  Most listing prices fairly reflect the market price – fair priced listings.

Selling:

At this time, we recommend to hold if you don’t have to sell.

If you do need to sell, try to buy in the same market: Selling low and buying low may create the same equity over time.

Advice: Adjust pricing to sell quickly.

 One step at a time in real estate. Trust the process it will work.
If your house is not attracting any buyers, don’t be quick to blame the realtor. Be objective about all the factors that are part of the picture.

New info Dec. 19/2010

Just a reminder: Why use a Realtor? There are many benefits of using a licensed realtor, the first being all must adhere to the Code of Ethics and Standards of Business Practice of the Canadian Real Estate Association. Check the ‘why use a Realtor’ section CREB.com
Average House price - Calgary & district November 2010 399,000

Other topics coming soon to the Palin Real Estate website.

  • Choosing an house appraiser …. Smart questions to ask when preparing to list your house.
  • FSBO (For Sale By Owner)… is it worth the hassle and heart ache?
  • Buying Revenue Property … what to be aware of when making this decision.
  • Hiring a Stager before your house sells… Does it really make a difference?
  • Landscaping Tips … How to improve your homes face value.
  • Security Tips … Making your house safer for you and your family.
  • Vacationing and Housesitters … How to build in piece of mind when you leave town.
  • Upgrading that pays off … Doing those renos that pay back big time.
  • Smart Buying … Location, Location, Location… Making smart choices when buying your next home.
  • Shopping for Realtor … make sure there is a personality fit at all levels.

And many more...Contact us today with topics you like to hear about. We are here to support you in any way we can with your real estates needs. Call 403 819 1399 for a no obligation consultation.

 


posted in General at Wed, 22 Dec 2010 16:32:13 -0700



Tuesday, April 6, 2010 - Early Rise in Mortgage Rates to Boost Calgary Housing Sales

Early Rise in Mortgage Rates to Boost Calgary Housing Sales Improved economic outlook and job prospects to be a bigger factor in the long-term   Calgary, April 1, 2010 ? Calgary?s housing market enjoyed a healthy boost in March as homebuyers anticipate an earlier than expected rise in interest rates, according to figures released today by the Calgary Real Estate Board (CREB®).   The number of single family homes sold in March 2010 in the city of Calgary was up 29 per cent from the same time a ... Full Article...

posted in General at Tue, 06 Apr 2010 08:37:21 -0600



Tuesday, March 10, 2009 - The New Website!

Today marks the first day of the new website. The new site offers a wealth of fresh industry information that's constantly being updated. Have a great time checking it out!

posted in General at Tue, 10 Mar 2009 10:35:22 -0600



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The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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