Thursday, January 29, 2009

2 days to go and we're moving in to our new offices at 766 Hespeler Road (beside the Hilton). The weather unfortunately isn't co-operating, but it will be nice to be in a new building with proper ventilation and lighting. If you've been following the local real estate scene lately, you'll know that we're the largest RE/MAX franchise in Canada and we're now also the largest Real Estate office in Cambridge. We've increased the number of Realtors in our Cambridge office by more than 20 people in the last month or so. I think moving will be pretty hectic as everyone tries to get set up and continue to work (we work a lot on weekends you know!).
Watch for our new signs in the area.

Tuesday, January 27, 2009

First time homebuyers - it's time to buy now. The economy in Canada is nowhere near as bad as the US. If you have a job and you're secure there, then think about this:
A $250,000 home in Jan/Feb 2008 with 95% financing was $1,581.69/month
Today, that same home in Jan/Feb 2009 with 95% financing is $1,333.07/month
That's a difference of $248.62 every month or a total of $14,917.20 over the typical 5 year term.
If you also take in to account the fact that many homes in the mid to high 200's are down in price by $30,000 to $40,000, these homes now carry for about $450.00 per month less than just a year ago. If you're thinking of buying and have been putting it off, don't put it off any longer.