Tuesday, March 3, 2009

Hot Off the Press: RLP Estate expands / Market News

The focus of this blog is not self-promotional . But it is supposed to include local real estate news, so I think the following info qualifies.

Our brokerage, Royal LePage Estate Services, has announced that it will be expanding it's convenience, service and size.

We currently have two offices on Queen Street.
At the end of March, the Hammersmith office will be closing (our "home" at Glen Manor remains). How is this expanding?

Good question. Easy answer.

We will be taking over the building at Kingston Road and Victoria Park which is currently a Prudential office.

This provides us with increased space and facilities, and a strong presence in both the Beach and the Upper Beach.

Personally, we hope this will even further enhance our ability to serve our clients, particularly in the areas we have lived in for nearly thirty years.

AND ...
The Bank of Canada rate dropped AGAIN this morning and banks immediately followed. If you are a first timer, or a move-up buyer and have some stability in these difficult economic times, it may be time to leap into the market (as opposed to out the window). Sorry if this, too, sounds promotional. But, ...

Prices are lower. If you are a first time buyer, or you are moving to a larger home in a similar market, your dollar costs are lower than they were in the peak market.

Free money. Almost. The Bank of Canada rate is now one half of one percent. Rates cannot get much lower.

This perspective is not for everyone, but there are some great opportunities out there. Not everyone should be hiding in the basement waiting for "it" to be over.

No comments: