If you have variable rate mortgage arranged within the last 12 to 18 months (during the sub prime meltdown) your variable rate may have been at PRIME plus .25% )or more).  It may be worth looking into breaking this contract (usually it is between two to three months interest penalty) and re-entering into a new variable rate product and the current variable rate products have become very competitive.   Give us a call if you would like us to review your mortgage situation.

In October  2010, the Canadian Real Estate Association (CREA) has agreed and will be allowing us members (Realtors) to offer various levels of real estate services according to the consumers needs. Previously we were not permitted to offer anything but full service and charged the consumers approximately 5% of the purchase price of the home.   With this significant change, it change the way realtors  offer their services.  In the next few months we will provide more details on exactly how this will impact you in the event you decide to buy of sell your home.