In the early 1900s the London and South Western Railway (LSWR) was one of five British railway companies that began sending its clerks to the London School of Economics (LSE) to undertake classes in 'railway administration.' The aim of this move was to augment the skills and knowledge of its clerical staff, the company's future managers, in a period when the quality of the railway industry's management was being questioned and it was being challenged by high material and labour costs, competition from trams on suburban routes, increased government intervention and stagnating traffic growth. Indeed, this caused a severe drop in company profitability from the late 1890s onwards.
However, before the First World War the idea of railway employees attending universities to receive management training was not universally accepted within many companies'. Furthermore, this attitude was not restricted to the railways and Amdam argued that historians have almost unanimously concluded that within British industry generally there was a ‘skepticism towards business education within the both the academic and business community’.[1]
This scepticism towards was expressed frequently by LSWR clerks in the company's staff magazine, The South Western Gazette, which was largely written and edited by them. When Hilditch, the Waterloo Station Superintendent, retired in 1905, the piece announcing this stated that he had had ‘a good plain practical education, but he possessed, in addition, what universities have not yet been able to provide, namely, a shrewdness and capacity for sound common sense, a cool head and clear intellectual grasp.'[2] The anti-university feeling was reiterated in 1909 when another clerk, writing on the matter staff education, stated that ' I will dismiss the question of the London School of Economics by saying that “it is impossible to manage a railway by theory.” Indeed, he preferred an institute where individuals could learn 'practical' railway skills.[3]
The problem with this attitude was that it was what had created many of the problems railway management faced immediately after the late 1890s. Indeed, because many senior officials felt that good railway managers were born within the industry, not made outside it, and thus recruited the vast majority internally, companies' decision-makers were highly institutionalised within the practices and norms of the railways that employed them and the industry as a whole. Consequently, railways were unable to respond adequately to the challenges they faced as there was severe lack of innovation within them and few new ideas were being generated. This is what my PhD shows in the LSWR's case.
-----
[1]Amdam, Rolv Petter, ‘Business Education’, in Jones, Geoffrey and Zeitlin, Robert (eds.), The Oxford Handbook of Business History, (Oxford, 2007), p.586
[2] South Western Gazette, September 1905, p.9
[3] South Western Gazette, December 1909, p.10
Sabtu, 27 Oktober 2012
Kamis, 25 Oktober 2012
Bank of Canada Overnight Rate
Earlier today, the Bank of Canada again did what we expected them to do… they maintained their overnight rate. What this means to you is that the prime rate on variable rate mortgages and lines of credit continue to remain low.
Here is an excerpt of the announcement from the Bank of Canada and what they had to say about their decision:
The global economy has unfolded broadly as the Bank projected... “The economic expansion in the United States is progressing at a gradual pace. Europe is in recession and recent indicators point to a continued contraction. In China and other major emerging economies, growth has slowed somewhat more than expected, though there are signs of stabilization around current growth rates. Notwithstanding the slowdown in global economic activity, prices for oil and other commodities produced in Canada have, on average, increased in recent months. Global financial conditions have improved, supported by aggressive policy actions of major central banks, but sentiment remains fragile. In Canada, while global headwinds continue to restrain economic activity, domestic factors are supporting a moderate expansion”
The overall economic growth in Canada is expected to pick up and return to full capacity by the end of 2013. Based on this outlook, the bank has indicated they are unlikely to increase their rate in the foreseeable future although very much dependent on the continued trend. A change is likely to occur sometime in 2013 but remember any increase to the prime rate since 1992 has only been by 0.25% at any ONE time, so you won’t see a large significant increase all at once.
Fixed rates have seen a slight dip sitting at around 2.98% - 3.09%! Still amazing rates for those looking to lock in.
Help Us Help Your Colleagues, Family and Friends
I wonder if I can ask a favour – rates are still so low right now and so it is a great time for first time homebuyers, buying an investment property or consider refinancing especially as I can hold rates for up to six months, if you know of someone that is looking for advice on their mortgage options, with no obligation, would you mind passing my contact information on to them – this is very much appreciated. We build our business from introduction from great clients like you!
Warm Regards,
Jared Dreyer - Dreyer Group Mortgage Team
Your Mortgage Professionals
604 649-5991
1-800-687-9020
www.dreyergroup.ca
clientservices@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.98 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
LIMITED TIME - SPECIAL CONDITIONS APPLY - CALL 604 536-3802 to Book
More Rates
Email me now with the next person you know that needs financing
All rates quoted are on approved credit.
Economic Highlights:
• Statistics Canada released new household balance sheet data this week that showed the household
debt-to-income ratio is 163%, well above the 152% previously reported. However, households are also richer than previously thought and other measures of indebtedness were improved.
• Overall, the economic backdrop in Canada has softened. On the back of weak manufacturing and a cooling housing market, Canadian real GDP growth is estimated to remain stuck at a sub-2.0% pace for a fourth consecutive quarter in Q3. Below trend economic growth has resulted in subdued inflation. The Bank of Canada’s core measure of inflation rose by just 1.3% year-over-year in September.
• The combination of soft inflation and economic growth is likely to keep the Bank of Canada rate increases on hold
through the first half of 2013. TD Canada Trust
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Here is an excerpt of the announcement from the Bank of Canada and what they had to say about their decision:
The global economy has unfolded broadly as the Bank projected... “The economic expansion in the United States is progressing at a gradual pace. Europe is in recession and recent indicators point to a continued contraction. In China and other major emerging economies, growth has slowed somewhat more than expected, though there are signs of stabilization around current growth rates. Notwithstanding the slowdown in global economic activity, prices for oil and other commodities produced in Canada have, on average, increased in recent months. Global financial conditions have improved, supported by aggressive policy actions of major central banks, but sentiment remains fragile. In Canada, while global headwinds continue to restrain economic activity, domestic factors are supporting a moderate expansion”
The overall economic growth in Canada is expected to pick up and return to full capacity by the end of 2013. Based on this outlook, the bank has indicated they are unlikely to increase their rate in the foreseeable future although very much dependent on the continued trend. A change is likely to occur sometime in 2013 but remember any increase to the prime rate since 1992 has only been by 0.25% at any ONE time, so you won’t see a large significant increase all at once.
Fixed rates have seen a slight dip sitting at around 2.98% - 3.09%! Still amazing rates for those looking to lock in.
Help Us Help Your Colleagues, Family and Friends
I wonder if I can ask a favour – rates are still so low right now and so it is a great time for first time homebuyers, buying an investment property or consider refinancing especially as I can hold rates for up to six months, if you know of someone that is looking for advice on their mortgage options, with no obligation, would you mind passing my contact information on to them – this is very much appreciated. We build our business from introduction from great clients like you!
Warm Regards,
Jared Dreyer - Dreyer Group Mortgage Team
Your Mortgage Professionals
604 649-5991
1-800-687-9020
www.dreyergroup.ca
clientservices@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.98 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
LIMITED TIME - SPECIAL CONDITIONS APPLY - CALL 604 536-3802 to Book
More Rates
Email me now with the next person you know that needs financing
All rates quoted are on approved credit.
Economic Highlights:
• Statistics Canada released new household balance sheet data this week that showed the household
debt-to-income ratio is 163%, well above the 152% previously reported. However, households are also richer than previously thought and other measures of indebtedness were improved.
• Overall, the economic backdrop in Canada has softened. On the back of weak manufacturing and a cooling housing market, Canadian real GDP growth is estimated to remain stuck at a sub-2.0% pace for a fourth consecutive quarter in Q3. Below trend economic growth has resulted in subdued inflation. The Bank of Canada’s core measure of inflation rose by just 1.3% year-over-year in September.
• The combination of soft inflation and economic growth is likely to keep the Bank of Canada rate increases on hold
through the first half of 2013. TD Canada Trust
Download Dreyer Group on Your Hand-held
Mortgage Payment Calculator
Income Qualifier
Purchase Finance Calculator
Get an Instant Hold and Quote for Your Client
Access Quick App to get your clients approval going
Blackberry and iPhone compatible.
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Rabu, 24 Oktober 2012
Re-start
Dear Friends
I am looking to re-start the TurnipRail Blog soon - so keep your eyes peeled!
Best Wishes
David
I am looking to re-start the TurnipRail Blog soon - so keep your eyes peeled!
Best Wishes
David
Jumat, 14 September 2012
Get a instant mortgage rate quote online
If you want to know your lowest mortgage rate in an instant, try this great new tool Build A Mortgage instant rate quote tool. You choose your mortgage terms and needs and instantly you will be presented with your lowest mortgage rate. It’s really easy and only takes a minute to complete. What I really like about this tool is that it requires no credit checks or obligation and can hold your rate for up to 120 days if you choose. Everything today is instant gratification and expecting the lowest mortgage rate is no exception.
Selasa, 11 September 2012
Bank Of Canada
Bank of Canada Overnight Rate and Lines of Credit Regulations Changing Soon
Hope you all had a wonderful summer! Here is your personal update from me on the recent Bank of Canada Overnight Rate announcement
At 9:00 am EST, Wednesday September 5th, 2012, the Bank of Canada again did what we expected them to do… they maintained their overnight rate. What this means to you is that the prime rate on variable mortgages or line of credit will not change and remains at 3.00%.
The overall economic growth in Canada is expected to pick up through 2013 and there are tentative signs of slowing in household spending which the Bank is in favour of. Based on this outlook, they have indicated they are unlikely to increase their rate in the foreseeable future although very much dependent on the continued trend. A change is likely to occur in 2013, and it is expected to be gradual and controlled in line with economic recovery, both in Canada and globally.
Fixed rates haven’t changed much either since the last announcement, maintaining at around 3.19% to 3.39% for a five year fixed term. Dreyer Group does have access to a 5 year fixed at 2.99% - so while variable rates are very low, many clients are choosing to lock in at this historically low fixed rate. If having a fixed payment is important to you, call my office so we can calculate what your new payment would look like and also if it is suitable for you. The next announcement on any change to the prime rate is October 23, 2012.
Here is an excerpt of the announcement from the Bank of Canada and what they had to say about their decision:
“The economic expansion in the United States continues at a gradual pace. Europe is in recession and its crisis, while contained, remains acute. In China and other major emerging economies, growth is decelerating somewhat more quickly than expected from previously-rapid rates, reflecting past policy tightening, weaker external demand, and the challenges of rebalancing towards domestic sources of growth. Notwithstanding the slower global momentum, prices for oil and other commodities produced by Canada have, on average, increased since July. In Canada, while global headwinds continue to restrain economic activity, underlying momentum remains at a pace roughly in line with the economy’s production potential.”
Lines of Credit Limits Changing Soon
On a side note, there are some mortgage legislation changes coming into effect in the fall which impact secured lines of credit. They will be limited to a maximum of 65% of the value of your property which is lower than the current maximum of 80%. Therefore if you are thinking of taking out some equity in your home and a line of credit is something you are considering, call me now so we can chat before the changes come into place and your options may diminish.
Help Us Help Your Colleagues, Family and Friends
I wonder if I can ask a favour – rates are still so low right now and so it is a great time for first time homebuyers, buying an investment property or consider refinancing especially as I can hold rates for up to six months, if you know of someone that is looking for advice on their mortgage options, with no obligation, would you mind passing my contact information on to them – this is very much appreciated. We build our business from introduction from great clients like you!
Warm Regards,
Jared Dreyer
Your Mortgage Professional
604 649-5991
www.dreyergroup.ca
jared@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.99 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
LIMITED TIME - SPECIAL CONDITIONS APPLY - CALL 604 536-3802 to Book
More Rates
Email me now with the next person you know that needs financing
All rates quoted are on approved credit.
Watch a recent interview with Sr. Richard Branson who is certainly a mentor to follow and an inspiration for his work helping others. It’s a long video but well worth taking the time to watch. click here
Download Dreyer Group on Your Hand-held
Mortgage Payment Calculator
Income Qualifier
Purchase Finance Calculator
Get an Instant Hold and Quote for Your Client
Access Quick App to get your clients approval going
Blackberry and iPhone compatible.
Simply link here
Follow me on twitter
Follow my financial blog
Follow me on Facebook
Hope you all had a wonderful summer! Here is your personal update from me on the recent Bank of Canada Overnight Rate announcement
At 9:00 am EST, Wednesday September 5th, 2012, the Bank of Canada again did what we expected them to do… they maintained their overnight rate. What this means to you is that the prime rate on variable mortgages or line of credit will not change and remains at 3.00%.
The overall economic growth in Canada is expected to pick up through 2013 and there are tentative signs of slowing in household spending which the Bank is in favour of. Based on this outlook, they have indicated they are unlikely to increase their rate in the foreseeable future although very much dependent on the continued trend. A change is likely to occur in 2013, and it is expected to be gradual and controlled in line with economic recovery, both in Canada and globally.
Fixed rates haven’t changed much either since the last announcement, maintaining at around 3.19% to 3.39% for a five year fixed term. Dreyer Group does have access to a 5 year fixed at 2.99% - so while variable rates are very low, many clients are choosing to lock in at this historically low fixed rate. If having a fixed payment is important to you, call my office so we can calculate what your new payment would look like and also if it is suitable for you. The next announcement on any change to the prime rate is October 23, 2012.
Here is an excerpt of the announcement from the Bank of Canada and what they had to say about their decision:
“The economic expansion in the United States continues at a gradual pace. Europe is in recession and its crisis, while contained, remains acute. In China and other major emerging economies, growth is decelerating somewhat more quickly than expected from previously-rapid rates, reflecting past policy tightening, weaker external demand, and the challenges of rebalancing towards domestic sources of growth. Notwithstanding the slower global momentum, prices for oil and other commodities produced by Canada have, on average, increased since July. In Canada, while global headwinds continue to restrain economic activity, underlying momentum remains at a pace roughly in line with the economy’s production potential.”
Lines of Credit Limits Changing Soon
On a side note, there are some mortgage legislation changes coming into effect in the fall which impact secured lines of credit. They will be limited to a maximum of 65% of the value of your property which is lower than the current maximum of 80%. Therefore if you are thinking of taking out some equity in your home and a line of credit is something you are considering, call me now so we can chat before the changes come into place and your options may diminish.
Help Us Help Your Colleagues, Family and Friends
I wonder if I can ask a favour – rates are still so low right now and so it is a great time for first time homebuyers, buying an investment property or consider refinancing especially as I can hold rates for up to six months, if you know of someone that is looking for advice on their mortgage options, with no obligation, would you mind passing my contact information on to them – this is very much appreciated. We build our business from introduction from great clients like you!
Warm Regards,
Jared Dreyer
Your Mortgage Professional
604 649-5991
www.dreyergroup.ca
jared@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.99 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
LIMITED TIME - SPECIAL CONDITIONS APPLY - CALL 604 536-3802 to Book
More Rates
Email me now with the next person you know that needs financing
All rates quoted are on approved credit.
Watch a recent interview with Sr. Richard Branson who is certainly a mentor to follow and an inspiration for his work helping others. It’s a long video but well worth taking the time to watch. click here
Download Dreyer Group on Your Hand-held
Mortgage Payment Calculator
Income Qualifier
Purchase Finance Calculator
Get an Instant Hold and Quote for Your Client
Access Quick App to get your clients approval going
Blackberry and iPhone compatible.
Simply link here
Follow me on twitter
Follow my financial blog
Follow me on Facebook
Selasa, 14 Agustus 2012
Latest Housing Market Update
Good Afternoon,
I hope you and your family are having a wonderful summer!
A few things to share this week:
I came across the article (below) in the Financial Post today and thought you may want to share it with your clients. It speaks to a balanced housing market and a softer landing for house prices in BC and Canada which is all very good news. I have also included some updated housing price stats as well as 12 tasks to do before noon to be super productive!
Canada Mortgage and Housing Corp. is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing.
The Ottawa-based federal agency isn’t calling for a major decline, but its latest forecast suggests next year will be somewhat softer than estimates CMHC issued in June while 2012 may be somewhat stronger than previously expected.
CMHC has been saying for some time that it expects housing prices in most local markets will grow more slowly than they have been recently.
It says housing starts and home sales have been strong in 2012 — particularly when it comes to multiple-dwelling units such as condos and apartments — but will soften moderately in coming months into 2013.
“Balanced market conditions in most local housing markets will result in a slowing in house price growth as well,” Mathieu Laberge, CMCH’s deputy chief economist, said in an outlook released Tuesday.
CMHC provides various levels of mortgage insurance to protect lenders from defaults by home buyers. It also closely monitors residential construction activity and housing sales and provides outlooks used by various sectors of the economy.
In the latest forecast, CMHC estimates there will be between 196,800 and 217,000 units of housing started in 2012, with a point forecast of 207,200 units.
The point forecast is slightly higher than an estimate of 202,700 issued by CMHC in June, when the range was wider at between 182,300 to 220,600.
In 2013, CMHC now estimates housing starts will be in the range of 173,000 to 207,400 units, with a point forecast of 193,100 units — about seven per cent fewer than this year under the latest forecast.
The previous 2013 point forecast for 195,700 housing starts.
Based on data compiled by the Canadian Real Estate Association, CMHC said Tuesday that it expects about 466,600 units of existing housing to be sold this year and 469,600 units in 2013.
The average price for property sales through CREA members is forecast to be between $351,300 and $378,400 in 2012 and between $358,000 and $395,800 in 2013, CMHC said Tuesday.
CMHC’s point forecast for the average price is now $368,000 for 2012 and $377,300 for 2013, the agency said Tuesday Its June was the average price to be $372,700 for 2012 and $383,600 for 2013. Financial Post Aug 14, 2012
Total New Housing Starts (Seasonally adjusted and annualized)
Province April
2012 April
2011 May
2012 May
2011 June
2012 June
2011
Newfoundland/Labrador 4,600 2,300 4,500 3,700 4,700 5,800
PEI 1,200 700 700 900 1,300 800
Nova Scotia 3,200 3,900 4,400 4,400 4,100 4,000
New Brunswick 2,500 2,500 4,700 3,400 5,400 4,500
Quebec 62,600 45,100 42,000 50,500 48,100 48,200
Ontario 98,400 67,600 80,300 53,000 73,300 75,800
Manitoba 5,100 4,800 12,200 6,300 5,000 5,400
Saskatchewan 11,100 5,900 6,900 5,200 10,800 8,700
Alberta 39,400 21,400 33,400 24,300 33,500 24,100
British Columbia 23,900 24,500 28,300 31,900 36,500 23,500
CANADA 252,000 178,700 217,400 183,600 222,700 200,800
Source: CMHC Housing Now - July 2011 and July 2012. This seasonally adjusted data goes through stages of revision at different times of the year.
Top of Page
________________________________________
Average MLS® Resale Price for Local Markets
City June 2011 June 2012
Halifax $ 269,605 $ 272,495
Saint John $ 168,830 $ 163,468
Quebec $ 245,158 $ 263,740
Montreal $ 323,926 $ 336,054
Ottawa $ 354,524 $ 354,690
Toronto $ 476,386 $ 508,622
Hamilton/Burlington $ 339,828 $ 363,162
Winnipeg $ 243,977 $ 257,095
Saskatoon $ 299,572 $ 287,355
Regina $ 285,613 $ 312,241
Calgary $ 412,016 $ 422,139
Edmonton $ 328,695 $ 340,391
Vancouver $ 808,867 $ 701,141
Victoria $ 507,385 $ 486,611
Source: Canadian Real Estate Association
Quarterly Housing Price Index
Standard Two-Storey
Market Q2 2012 Average Last Quarter Avg Q2 2011 Average 2 Storey % Change
Halifax 317,167 306,667 301,667 5.1%
Charlottetown 203,000 200,000 197,000 3.0%
Moncton 138,000 134,800 137,500 0.4%
Fredericton 215,000 208,000 208,000 3.4%
Saint John 279,770 293,250 299,750 -6.7%
St. John's 368,025 350,500 336,667 9.3%
Montreal 384,804 387,429 379,529 1.4%
Ottawa 392,000 387,833 371,500 5.5%
Toronto 668,829 645,467 623,202 7.3%
Winnipeg 321,875 309,250 307,375 4.7%
Regina 347,500 299,000 325,000 6.9%
Saskatoon 379,500 372,250 353,750 7.3%
Calgary 425,456 418,233 415,200 2.5%
Edmonton 353,764 354,714 349,286 1.3%
Vancouver 1,178,750 1,182,250 1,114,500 5.8%
Victoria 461,000 459,000 477,000 -3.4%
National 408,423 398,282 390,163 4.7%
Detached Bungalows
Market Q2 2012 Average Last Quarter Avg Q2 2011 Average Bungalow % Change
Halifax 285,833 273,333 266,333 7.3%
Charlottetown 172,000 170,000 165,000 4.2%
Moncton 144,000 145,700 157,500 -8.6%
Fredericton 205,000 205,000 201,000 2.0%
Saint John 175,037 191,000 179,950 -2.7%
St. John's 275,625 262,500 245,333 12.3%
Montreal 281,161 286,000 279,714 0.5%
Ottawa 388,917 385,667 370,750 4.9%
Toronto 560,187 544,450 517,100 8.3%
Winnipeg 304,250 283,375 281,125 8.2%
Regina 320,500 316,500 313,000 2.4%
Saskatoon 351,125 338,750 331,250 6.0%
Calgary 432,322 422,989 411,711 5.0%
Edmonton 327,857 324,143 312,000 5.1%
Vancouver 1,087,125 1,068,500 1,025,250 6.0%
Victoria 460,000 470,000 475,000 -3.2%
National 379,311 356,306 356,625 5.5%
Source: Royal LePage, July 2012
Jared Dreyer
Your Mortgage Professional
604 649-5991
www.dreyergroup.ca
jared@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.99 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
LIMITED TIME - SPECIAL CONDITIONS APPLY - CALL 604 536-3802 to Book
More Rates
Email me now with the next person you know that needs financing
All rates quoted are on approved credit.
12 Tasks Killer Productive People do Before Noon
1. They make a work to-do list the day before.
2. They get a full night's rest.
3. They avoid hitting snooze.
4. They exercise in the morning.
5. They practice a morning ritual.
6. They eat breakfast.
7. They arrive at the office on time.
8. They check in with their boss and/or employees.
9. They tackle the big projects first.
10. They avoid morning meetings to keep their most productive time for work .
11. They allot time for following up on messages and proactive calls.
12. They take a mid-morning break.
Download Dreyer Group on Your Hand-held
Mortgage Payment Calculator
Income Qualifier
Purchase Finance Calculator
Get an Instant Hold and Quote for Your Client
Access Quick App to get your clients approval going
Blackberry and iPhone compatible.
Simply link here
Follow me on twitter
Follow my financial blog
Follow me on Facebook
Good Afternoon,
I hope you and your family are having a wonderful summer!
A few things to share this week:
I came across the article (below) in the Financial Post today and thought you may want to share it with your clients. It speaks to a balanced housing market and a softer landing for house prices in BC and Canada which is all very good news. I have also included some updated housing price stats as well as 12 tasks to do before noon to be super productive!
Canada Mortgage and Housing Corp. is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing.
The Ottawa-based federal agency isn’t calling for a major decline, but its latest forecast suggests next year will be somewhat softer than estimates CMHC issued in June while 2012 may be somewhat stronger than previously expected.
CMHC has been saying for some time that it expects housing prices in most local markets will grow more slowly than they have been recently.
It says housing starts and home sales have been strong in 2012 — particularly when it comes to multiple-dwelling units such as condos and apartments — but will soften moderately in coming months into 2013.
“Balanced market conditions in most local housing markets will result in a slowing in house price growth as well,” Mathieu Laberge, CMCH’s deputy chief economist, said in an outlook released Tuesday.
CMHC provides various levels of mortgage insurance to protect lenders from defaults by home buyers. It also closely monitors residential construction activity and housing sales and provides outlooks used by various sectors of the economy.
In the latest forecast, CMHC estimates there will be between 196,800 and 217,000 units of housing started in 2012, with a point forecast of 207,200 units.
The point forecast is slightly higher than an estimate of 202,700 issued by CMHC in June, when the range was wider at between 182,300 to 220,600.
In 2013, CMHC now estimates housing starts will be in the range of 173,000 to 207,400 units, with a point forecast of 193,100 units — about seven per cent fewer than this year under the latest forecast.
The previous 2013 point forecast for 195,700 housing starts.
Based on data compiled by the Canadian Real Estate Association, CMHC said Tuesday that it expects about 466,600 units of existing housing to be sold this year and 469,600 units in 2013.
The average price for property sales through CREA members is forecast to be between $351,300 and $378,400 in 2012 and between $358,000 and $395,800 in 2013, CMHC said Tuesday.
CMHC’s point forecast for the average price is now $368,000 for 2012 and $377,300 for 2013, the agency said Tuesday Its June was the average price to be $372,700 for 2012 and $383,600 for 2013. Financial Post Aug 14, 2012
Total New Housing Starts (Seasonally adjusted and annualized)
Province April
2012 April
2011 May
2012 May
2011 June
2012 June
2011
Newfoundland/Labrador 4,600 2,300 4,500 3,700 4,700 5,800
PEI 1,200 700 700 900 1,300 800
Nova Scotia 3,200 3,900 4,400 4,400 4,100 4,000
New Brunswick 2,500 2,500 4,700 3,400 5,400 4,500
Quebec 62,600 45,100 42,000 50,500 48,100 48,200
Ontario 98,400 67,600 80,300 53,000 73,300 75,800
Manitoba 5,100 4,800 12,200 6,300 5,000 5,400
Saskatchewan 11,100 5,900 6,900 5,200 10,800 8,700
Alberta 39,400 21,400 33,400 24,300 33,500 24,100
British Columbia 23,900 24,500 28,300 31,900 36,500 23,500
CANADA 252,000 178,700 217,400 183,600 222,700 200,800
Source: CMHC Housing Now - July 2011 and July 2012. This seasonally adjusted data goes through stages of revision at different times of the year.
Top of Page
________________________________________
Average MLS® Resale Price for Local Markets
City June 2011 June 2012
Halifax $ 269,605 $ 272,495
Saint John $ 168,830 $ 163,468
Quebec $ 245,158 $ 263,740
Montreal $ 323,926 $ 336,054
Ottawa $ 354,524 $ 354,690
Toronto $ 476,386 $ 508,622
Hamilton/Burlington $ 339,828 $ 363,162
Winnipeg $ 243,977 $ 257,095
Saskatoon $ 299,572 $ 287,355
Regina $ 285,613 $ 312,241
Calgary $ 412,016 $ 422,139
Edmonton $ 328,695 $ 340,391
Vancouver $ 808,867 $ 701,141
Victoria $ 507,385 $ 486,611
Source: Canadian Real Estate Association
Quarterly Housing Price Index
Standard Two-Storey
Market Q2 2012 Average Last Quarter Avg Q2 2011 Average 2 Storey % Change
Halifax 317,167 306,667 301,667 5.1%
Charlottetown 203,000 200,000 197,000 3.0%
Moncton 138,000 134,800 137,500 0.4%
Fredericton 215,000 208,000 208,000 3.4%
Saint John 279,770 293,250 299,750 -6.7%
St. John's 368,025 350,500 336,667 9.3%
Montreal 384,804 387,429 379,529 1.4%
Ottawa 392,000 387,833 371,500 5.5%
Toronto 668,829 645,467 623,202 7.3%
Winnipeg 321,875 309,250 307,375 4.7%
Regina 347,500 299,000 325,000 6.9%
Saskatoon 379,500 372,250 353,750 7.3%
Calgary 425,456 418,233 415,200 2.5%
Edmonton 353,764 354,714 349,286 1.3%
Vancouver 1,178,750 1,182,250 1,114,500 5.8%
Victoria 461,000 459,000 477,000 -3.4%
National 408,423 398,282 390,163 4.7%
Detached Bungalows
Market Q2 2012 Average Last Quarter Avg Q2 2011 Average Bungalow % Change
Halifax 285,833 273,333 266,333 7.3%
Charlottetown 172,000 170,000 165,000 4.2%
Moncton 144,000 145,700 157,500 -8.6%
Fredericton 205,000 205,000 201,000 2.0%
Saint John 175,037 191,000 179,950 -2.7%
St. John's 275,625 262,500 245,333 12.3%
Montreal 281,161 286,000 279,714 0.5%
Ottawa 388,917 385,667 370,750 4.9%
Toronto 560,187 544,450 517,100 8.3%
Winnipeg 304,250 283,375 281,125 8.2%
Regina 320,500 316,500 313,000 2.4%
Saskatoon 351,125 338,750 331,250 6.0%
Calgary 432,322 422,989 411,711 5.0%
Edmonton 327,857 324,143 312,000 5.1%
Vancouver 1,087,125 1,068,500 1,025,250 6.0%
Victoria 460,000 470,000 475,000 -3.2%
National 379,311 356,306 356,625 5.5%
Source: Royal LePage, July 2012
Jared Dreyer
Your Mortgage Professional
604 649-5991
www.dreyergroup.ca
jared@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.99 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
LIMITED TIME - SPECIAL CONDITIONS APPLY - CALL 604 536-3802 to Book
More Rates
Email me now with the next person you know that needs financing
All rates quoted are on approved credit.
12 Tasks Killer Productive People do Before Noon
1. They make a work to-do list the day before.
2. They get a full night's rest.
3. They avoid hitting snooze.
4. They exercise in the morning.
5. They practice a morning ritual.
6. They eat breakfast.
7. They arrive at the office on time.
8. They check in with their boss and/or employees.
9. They tackle the big projects first.
10. They avoid morning meetings to keep their most productive time for work .
11. They allot time for following up on messages and proactive calls.
12. They take a mid-morning break.
Download Dreyer Group on Your Hand-held
Mortgage Payment Calculator
Income Qualifier
Purchase Finance Calculator
Get an Instant Hold and Quote for Your Client
Access Quick App to get your clients approval going
Blackberry and iPhone compatible.
Simply link here
Follow me on twitter
Follow my financial blog
Follow me on Facebook
I hope you and your family are having a wonderful summer!
A few things to share this week:
I came across the article (below) in the Financial Post today and thought you may want to share it with your clients. It speaks to a balanced housing market and a softer landing for house prices in BC and Canada which is all very good news. I have also included some updated housing price stats as well as 12 tasks to do before noon to be super productive!
Canada Mortgage and Housing Corp. is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing.
The Ottawa-based federal agency isn’t calling for a major decline, but its latest forecast suggests next year will be somewhat softer than estimates CMHC issued in June while 2012 may be somewhat stronger than previously expected.
CMHC has been saying for some time that it expects housing prices in most local markets will grow more slowly than they have been recently.
It says housing starts and home sales have been strong in 2012 — particularly when it comes to multiple-dwelling units such as condos and apartments — but will soften moderately in coming months into 2013.
“Balanced market conditions in most local housing markets will result in a slowing in house price growth as well,” Mathieu Laberge, CMCH’s deputy chief economist, said in an outlook released Tuesday.
CMHC provides various levels of mortgage insurance to protect lenders from defaults by home buyers. It also closely monitors residential construction activity and housing sales and provides outlooks used by various sectors of the economy.
In the latest forecast, CMHC estimates there will be between 196,800 and 217,000 units of housing started in 2012, with a point forecast of 207,200 units.
The point forecast is slightly higher than an estimate of 202,700 issued by CMHC in June, when the range was wider at between 182,300 to 220,600.
In 2013, CMHC now estimates housing starts will be in the range of 173,000 to 207,400 units, with a point forecast of 193,100 units — about seven per cent fewer than this year under the latest forecast.
The previous 2013 point forecast for 195,700 housing starts.
Based on data compiled by the Canadian Real Estate Association, CMHC said Tuesday that it expects about 466,600 units of existing housing to be sold this year and 469,600 units in 2013.
The average price for property sales through CREA members is forecast to be between $351,300 and $378,400 in 2012 and between $358,000 and $395,800 in 2013, CMHC said Tuesday.
CMHC’s point forecast for the average price is now $368,000 for 2012 and $377,300 for 2013, the agency said Tuesday Its June was the average price to be $372,700 for 2012 and $383,600 for 2013. Financial Post Aug 14, 2012
Total New Housing Starts (Seasonally adjusted and annualized)
Province April
2012 April
2011 May
2012 May
2011 June
2012 June
2011
Newfoundland/Labrador 4,600 2,300 4,500 3,700 4,700 5,800
PEI 1,200 700 700 900 1,300 800
Nova Scotia 3,200 3,900 4,400 4,400 4,100 4,000
New Brunswick 2,500 2,500 4,700 3,400 5,400 4,500
Quebec 62,600 45,100 42,000 50,500 48,100 48,200
Ontario 98,400 67,600 80,300 53,000 73,300 75,800
Manitoba 5,100 4,800 12,200 6,300 5,000 5,400
Saskatchewan 11,100 5,900 6,900 5,200 10,800 8,700
Alberta 39,400 21,400 33,400 24,300 33,500 24,100
British Columbia 23,900 24,500 28,300 31,900 36,500 23,500
CANADA 252,000 178,700 217,400 183,600 222,700 200,800
Source: CMHC Housing Now - July 2011 and July 2012. This seasonally adjusted data goes through stages of revision at different times of the year.
Top of Page
________________________________________
Average MLS® Resale Price for Local Markets
City June 2011 June 2012
Halifax $ 269,605 $ 272,495
Saint John $ 168,830 $ 163,468
Quebec $ 245,158 $ 263,740
Montreal $ 323,926 $ 336,054
Ottawa $ 354,524 $ 354,690
Toronto $ 476,386 $ 508,622
Hamilton/Burlington $ 339,828 $ 363,162
Winnipeg $ 243,977 $ 257,095
Saskatoon $ 299,572 $ 287,355
Regina $ 285,613 $ 312,241
Calgary $ 412,016 $ 422,139
Edmonton $ 328,695 $ 340,391
Vancouver $ 808,867 $ 701,141
Victoria $ 507,385 $ 486,611
Source: Canadian Real Estate Association
Quarterly Housing Price Index
Standard Two-Storey
Market Q2 2012 Average Last Quarter Avg Q2 2011 Average 2 Storey % Change
Halifax 317,167 306,667 301,667 5.1%
Charlottetown 203,000 200,000 197,000 3.0%
Moncton 138,000 134,800 137,500 0.4%
Fredericton 215,000 208,000 208,000 3.4%
Saint John 279,770 293,250 299,750 -6.7%
St. John's 368,025 350,500 336,667 9.3%
Montreal 384,804 387,429 379,529 1.4%
Ottawa 392,000 387,833 371,500 5.5%
Toronto 668,829 645,467 623,202 7.3%
Winnipeg 321,875 309,250 307,375 4.7%
Regina 347,500 299,000 325,000 6.9%
Saskatoon 379,500 372,250 353,750 7.3%
Calgary 425,456 418,233 415,200 2.5%
Edmonton 353,764 354,714 349,286 1.3%
Vancouver 1,178,750 1,182,250 1,114,500 5.8%
Victoria 461,000 459,000 477,000 -3.4%
National 408,423 398,282 390,163 4.7%
Detached Bungalows
Market Q2 2012 Average Last Quarter Avg Q2 2011 Average Bungalow % Change
Halifax 285,833 273,333 266,333 7.3%
Charlottetown 172,000 170,000 165,000 4.2%
Moncton 144,000 145,700 157,500 -8.6%
Fredericton 205,000 205,000 201,000 2.0%
Saint John 175,037 191,000 179,950 -2.7%
St. John's 275,625 262,500 245,333 12.3%
Montreal 281,161 286,000 279,714 0.5%
Ottawa 388,917 385,667 370,750 4.9%
Toronto 560,187 544,450 517,100 8.3%
Winnipeg 304,250 283,375 281,125 8.2%
Regina 320,500 316,500 313,000 2.4%
Saskatoon 351,125 338,750 331,250 6.0%
Calgary 432,322 422,989 411,711 5.0%
Edmonton 327,857 324,143 312,000 5.1%
Vancouver 1,087,125 1,068,500 1,025,250 6.0%
Victoria 460,000 470,000 475,000 -3.2%
National 379,311 356,306 356,625 5.5%
Source: Royal LePage, July 2012
Jared Dreyer
Your Mortgage Professional
604 649-5991
www.dreyergroup.ca
jared@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.99 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
LIMITED TIME - SPECIAL CONDITIONS APPLY - CALL 604 536-3802 to Book
More Rates
Email me now with the next person you know that needs financing
All rates quoted are on approved credit.
12 Tasks Killer Productive People do Before Noon
1. They make a work to-do list the day before.
2. They get a full night's rest.
3. They avoid hitting snooze.
4. They exercise in the morning.
5. They practice a morning ritual.
6. They eat breakfast.
7. They arrive at the office on time.
8. They check in with their boss and/or employees.
9. They tackle the big projects first.
10. They avoid morning meetings to keep their most productive time for work .
11. They allot time for following up on messages and proactive calls.
12. They take a mid-morning break.
Download Dreyer Group on Your Hand-held
Mortgage Payment Calculator
Income Qualifier
Purchase Finance Calculator
Get an Instant Hold and Quote for Your Client
Access Quick App to get your clients approval going
Blackberry and iPhone compatible.
Simply link here
Follow me on twitter
Follow my financial blog
Follow me on Facebook
Good Afternoon,
I hope you and your family are having a wonderful summer!
A few things to share this week:
I came across the article (below) in the Financial Post today and thought you may want to share it with your clients. It speaks to a balanced housing market and a softer landing for house prices in BC and Canada which is all very good news. I have also included some updated housing price stats as well as 12 tasks to do before noon to be super productive!
Canada Mortgage and Housing Corp. is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing.
The Ottawa-based federal agency isn’t calling for a major decline, but its latest forecast suggests next year will be somewhat softer than estimates CMHC issued in June while 2012 may be somewhat stronger than previously expected.
CMHC has been saying for some time that it expects housing prices in most local markets will grow more slowly than they have been recently.
It says housing starts and home sales have been strong in 2012 — particularly when it comes to multiple-dwelling units such as condos and apartments — but will soften moderately in coming months into 2013.
“Balanced market conditions in most local housing markets will result in a slowing in house price growth as well,” Mathieu Laberge, CMCH’s deputy chief economist, said in an outlook released Tuesday.
CMHC provides various levels of mortgage insurance to protect lenders from defaults by home buyers. It also closely monitors residential construction activity and housing sales and provides outlooks used by various sectors of the economy.
In the latest forecast, CMHC estimates there will be between 196,800 and 217,000 units of housing started in 2012, with a point forecast of 207,200 units.
The point forecast is slightly higher than an estimate of 202,700 issued by CMHC in June, when the range was wider at between 182,300 to 220,600.
In 2013, CMHC now estimates housing starts will be in the range of 173,000 to 207,400 units, with a point forecast of 193,100 units — about seven per cent fewer than this year under the latest forecast.
The previous 2013 point forecast for 195,700 housing starts.
Based on data compiled by the Canadian Real Estate Association, CMHC said Tuesday that it expects about 466,600 units of existing housing to be sold this year and 469,600 units in 2013.
The average price for property sales through CREA members is forecast to be between $351,300 and $378,400 in 2012 and between $358,000 and $395,800 in 2013, CMHC said Tuesday.
CMHC’s point forecast for the average price is now $368,000 for 2012 and $377,300 for 2013, the agency said Tuesday Its June was the average price to be $372,700 for 2012 and $383,600 for 2013. Financial Post Aug 14, 2012
Total New Housing Starts (Seasonally adjusted and annualized)
Province April
2012 April
2011 May
2012 May
2011 June
2012 June
2011
Newfoundland/Labrador 4,600 2,300 4,500 3,700 4,700 5,800
PEI 1,200 700 700 900 1,300 800
Nova Scotia 3,200 3,900 4,400 4,400 4,100 4,000
New Brunswick 2,500 2,500 4,700 3,400 5,400 4,500
Quebec 62,600 45,100 42,000 50,500 48,100 48,200
Ontario 98,400 67,600 80,300 53,000 73,300 75,800
Manitoba 5,100 4,800 12,200 6,300 5,000 5,400
Saskatchewan 11,100 5,900 6,900 5,200 10,800 8,700
Alberta 39,400 21,400 33,400 24,300 33,500 24,100
British Columbia 23,900 24,500 28,300 31,900 36,500 23,500
CANADA 252,000 178,700 217,400 183,600 222,700 200,800
Source: CMHC Housing Now - July 2011 and July 2012. This seasonally adjusted data goes through stages of revision at different times of the year.
Top of Page
________________________________________
Average MLS® Resale Price for Local Markets
City June 2011 June 2012
Halifax $ 269,605 $ 272,495
Saint John $ 168,830 $ 163,468
Quebec $ 245,158 $ 263,740
Montreal $ 323,926 $ 336,054
Ottawa $ 354,524 $ 354,690
Toronto $ 476,386 $ 508,622
Hamilton/Burlington $ 339,828 $ 363,162
Winnipeg $ 243,977 $ 257,095
Saskatoon $ 299,572 $ 287,355
Regina $ 285,613 $ 312,241
Calgary $ 412,016 $ 422,139
Edmonton $ 328,695 $ 340,391
Vancouver $ 808,867 $ 701,141
Victoria $ 507,385 $ 486,611
Source: Canadian Real Estate Association
Quarterly Housing Price Index
Standard Two-Storey
Market Q2 2012 Average Last Quarter Avg Q2 2011 Average 2 Storey % Change
Halifax 317,167 306,667 301,667 5.1%
Charlottetown 203,000 200,000 197,000 3.0%
Moncton 138,000 134,800 137,500 0.4%
Fredericton 215,000 208,000 208,000 3.4%
Saint John 279,770 293,250 299,750 -6.7%
St. John's 368,025 350,500 336,667 9.3%
Montreal 384,804 387,429 379,529 1.4%
Ottawa 392,000 387,833 371,500 5.5%
Toronto 668,829 645,467 623,202 7.3%
Winnipeg 321,875 309,250 307,375 4.7%
Regina 347,500 299,000 325,000 6.9%
Saskatoon 379,500 372,250 353,750 7.3%
Calgary 425,456 418,233 415,200 2.5%
Edmonton 353,764 354,714 349,286 1.3%
Vancouver 1,178,750 1,182,250 1,114,500 5.8%
Victoria 461,000 459,000 477,000 -3.4%
National 408,423 398,282 390,163 4.7%
Detached Bungalows
Market Q2 2012 Average Last Quarter Avg Q2 2011 Average Bungalow % Change
Halifax 285,833 273,333 266,333 7.3%
Charlottetown 172,000 170,000 165,000 4.2%
Moncton 144,000 145,700 157,500 -8.6%
Fredericton 205,000 205,000 201,000 2.0%
Saint John 175,037 191,000 179,950 -2.7%
St. John's 275,625 262,500 245,333 12.3%
Montreal 281,161 286,000 279,714 0.5%
Ottawa 388,917 385,667 370,750 4.9%
Toronto 560,187 544,450 517,100 8.3%
Winnipeg 304,250 283,375 281,125 8.2%
Regina 320,500 316,500 313,000 2.4%
Saskatoon 351,125 338,750 331,250 6.0%
Calgary 432,322 422,989 411,711 5.0%
Edmonton 327,857 324,143 312,000 5.1%
Vancouver 1,087,125 1,068,500 1,025,250 6.0%
Victoria 460,000 470,000 475,000 -3.2%
National 379,311 356,306 356,625 5.5%
Source: Royal LePage, July 2012
Jared Dreyer
Your Mortgage Professional
604 649-5991
www.dreyergroup.ca
jared@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.99 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
LIMITED TIME - SPECIAL CONDITIONS APPLY - CALL 604 536-3802 to Book
More Rates
Email me now with the next person you know that needs financing
All rates quoted are on approved credit.
12 Tasks Killer Productive People do Before Noon
1. They make a work to-do list the day before.
2. They get a full night's rest.
3. They avoid hitting snooze.
4. They exercise in the morning.
5. They practice a morning ritual.
6. They eat breakfast.
7. They arrive at the office on time.
8. They check in with their boss and/or employees.
9. They tackle the big projects first.
10. They avoid morning meetings to keep their most productive time for work .
11. They allot time for following up on messages and proactive calls.
12. They take a mid-morning break.
Download Dreyer Group on Your Hand-held
Mortgage Payment Calculator
Income Qualifier
Purchase Finance Calculator
Get an Instant Hold and Quote for Your Client
Access Quick App to get your clients approval going
Blackberry and iPhone compatible.
Simply link here
Follow me on twitter
Follow my financial blog
Follow me on Facebook
Rabu, 25 Juli 2012
Canada Mortgage Changes;Stay Calm
Well it has been a very busy month for anyone in the mortgage world. We are now two weeks into the new rule changes and lenders, brokers, realtor's, clients are still working out what they can do! In this time of confusion and a little fear, you need to remain calm. More then ever mortgage professionals will be needed. This is the time when leadership takes over and shines like a beacon to everyone.
As a mortgage professional that works full time, you need to keep up to date with all your lender partners, insurers and referral partners daily. Make sure you position yourself as the source to get the information and how to make help all the people involved.
These changes are going to have an effect on the amount of mortgage being done. There will still be mortgages, house sales being done everyday. People will adjust and keep moving forward. It is your job to help as many of those people as possible. Stay current, reinvest in yourself on a daily basis and take your time with your clients.
As a mortgage professional that works full time, you need to keep up to date with all your lender partners, insurers and referral partners daily. Make sure you position yourself as the source to get the information and how to make help all the people involved.
These changes are going to have an effect on the amount of mortgage being done. There will still be mortgages, house sales being done everyday. People will adjust and keep moving forward. It is your job to help as many of those people as possible. Stay current, reinvest in yourself on a daily basis and take your time with your clients.
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