Tuesday, April 28, 2009

I have joined CENTURY 21 The Professionals Ltd

I have been Busy, Busy, Busy the last week or two, being in Calgary taking the Calgary Real Estate Board (CREB) Orientation course, as a prerequisite in order to change real estate boards and brokerages. I am pleased to announce that I am now an Alberta Licensed real estate agent for CENTURY 21.

With the above in mind, the following is a letter I have sent out to all my clients, customers and friends...

Dear Friend,

I am pleased to announce that I have recently joined CENTURY 21 The Professionals Ltd. As you know, CENTURY 21 is the leader in today's real estate industry. As a CENTURY 21 Realtor®, I will continue to reinforce my commitment to quality service and professional real estate transactions.

I welcome the opportunity to professionally serve any real estate needs you may have. Please keep me in mind as a future reference, and call upon me if you have any questions about the current real estate trend, financing options, or the value of your property in today’s market.

As a member of the world’s largest real estate company, CENTURY 21, I can now offer you my clients and friends value-added benefits. These benefits include Air Miles, savings on furniture, discounts on movers and much more. Air Miles can be used to purchase many items such as electronics, movie tickets, airline tickets, etc. If you have any questions regarding our consumer programs, feel free to call me. I will be pleased to explain how CENTURY 21 provides comprehensive one stop shopping convenience for all your home’s needs.

Joining CENTURY 21 The Professionals Ltd. has been a positive career decision. I am confident in saying that as my clients and friends you can be part of the excitement of having the world’s leader in real estate working for you and your family. Get the advantage with CENTURY 21 The Professionals Ltd. and John Prince.

Sincerely,
John

John Prince, Realtor
CENTURY 21 The Professionals Ltd. (Crowsnest Pass Real Estate)
Website: www.century21.ca/john.prince
Blog: http://realestate.johnprince.ca/
Office: 403-564-4518
Cell: 403-563-0637
Fax: 403-564-4509

e-mail: johnprince@shaw.ca


John Prince, Alberta licensed real estate agent, CENTURY 21 'The Professionals Ltd.' (Crowsnest Pass Real Estate). Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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Thursday, April 16, 2009

Alberta 2009 Summer Games update

Extract by Nathane Gallagher, Pass Herald

Community Services Director Cam Mertz and the municipality's Summer Games Coordinator Amy Boeckner spoke about what promises to be one of this summer's biggest events, the 40th anniversary of the Southern Alberta Summer Games.

Mertz said that they are planning 40 events to celebrate 40 years, including nine sports that have never been part of the Games before. He hopes to keep people in the Pass for the entire length of the Games by offering more activities and entertainment, and by keeping things centralized and connecting visitors to tourism opportunities while they are here.

"We have four days to show people what we really have," said Boeckner, who is hard at work as the local games Coordinator. "We expect to see over 2000 participants and their families."

She said there are lots of ways people can get involved, including volunteering and providing sponsorship. Different sponsorship packages are available, and if you register as a sponsor before the end of April, you will be listed as a sponsor in all key marketing and will gain other benefits as well.

Boeckner can be reached for more information at 403-563-8658 or via email at amysasg@crowsnestpass.com.

note: Sounds like it's going to be a 'fun-packed summer' this year. Can't wait!


John Prince, Alberta licensed real estate agent, MaxWell City Central – Crowsnest Pass. Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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Wednesday, April 15, 2009

Council passes Gold Creek plan

Last Tuesday, the Gold Creek Development passed its final hurtle with council's approval of their Area Structure Plan, after several months of talks and delays.

The planned development calls for 25 country residential properties on approximately 90 acres of land north of Frank.


John Prince, Alberta licensed real estate agent, MaxWell City Central – Crowsnest Pass. Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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Tuesday, April 14, 2009

Time is right for first-time homebuyers, housing experts say

THE CANADIAN PRESS

TORONTO - Panelists at a BMO real estate conference say there is no doubt that now is a great time for first-time homebuyers.

President and CEO of Brookfield Real Estate Services (TSX:BRE.UN) Phil Soper says affordability in many parts of the country is improving for the first time in a long time.

He says the housing market has shifted from a seller's market to a buyer's market, which is good news for someone looking to buy their first home.

And BMO economist Sal Guatieri says the average mortgage payment has fallen one-third or $600 from its peak.

He says the average resale price of a home has fallen 14 per cent from its peak and will fall "moderately further" this year.


John Prince, Alberta licensed real estate agent, MaxWell City Central – Crowsnest Pass. Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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Monday, April 6, 2009

Effective Pricing Leads to Success

When it is time to sell your home, you want to price it to yield as much return as possible. Pricing strategy is one of the most important elements in selling your home.

A FREE Comparative Market Analysis (CMA) for Crowsnest Pass Sellers of your home will help you determine value. This involves analyzing the current competition--other like properties currently on the market. I'll look at properties that have already sold, to determine what people have been willing to pay for similar properties. I will also analyze properties that haven’t sold, some of which are overpriced.

The goal is to price the property accurately for the marketplace. You don't want to leave money on the table, but you don't want to overprice your home either. If you overprice the property, you risk having your home sit on the market. Then you may have to drop the price below what you could have received if it had been priced correctly to begin with. Upon seeing a home that is fairly priced, most motivated buyers offer full or almost full price.

When you are ready to sell, I'll be happy to stop by for a quick view of your home. Together we will price it to sell for top dollar, in the shortest amount of time, with the least amount of inconvenience to you.


John Prince, Alberta licensed real estate agent, MaxWell City Central – Crowsnest Pass. Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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Saturday, April 4, 2009

Homeowners in line for reno rebate

For homeowners, 2009 could be the year of the reno, following the passage of the long-awaited federal budget last week.

Crowsnest Pass residents who want to update their bathroom or refinish the basement will get a tax break worth up to $1350. A Home Renovation Tax Credit lets taxpayers claim 15 per cent of their fix-ups until Feb.1, 2010.

Taxpayers can claim renovations on their 2009 tax returns on costs over $1,000, but not exceeding $10,000.

"Any free money is a good thing," said local contractor Rick Reil. "If it gets people thinking about (renovating), it's a good thing."

But Reil compared the renovation tax rebate to the GST rebate offered for new housing construction. "It may be an incentive, but it's not a driving force."

Revenue Canada recommends receipts be kept in case of future audit. Contractors are also required to produce invoices that are often done on a cash basis without paperwork.

The credit is designed to boost the construction industry, which has taken a major hit over the last few months as new housing projects stall.

Eligible expenses include renovating kitchens, bathrooms or basements, new carpeting or flooring, building additions, decks, or retaining walls, installing furnaces or water heaters, interior and exterior painting, or driveway resurfacing.

Routine maintenance does not qualify nor do things such as new furniture, appliances, tools, carpet cleaning and snow removal.
Crowsnest Pass Promoter
Joni MacFarlane


John Prince, Alberta licensed real estate agent, MaxWell City Central – Crowsnest Pass. Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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Friday, April 3, 2009

Gold Creek jumps hurdle

This week's Promoter has a story on the Gold Creek Development that will be taking place up north of Frank, behind the Frank Slide Interpretive Centre. Some of the highlights are:
The development proposes a total of 25 lots situated on approximately 100 acres of land.

... council passed a land use amendment to rezone the property from non-urban area to grouped country-residential.

Livingstone Ventures Limited, from Lethbridge, is the group behind the project.
With the rezoning bylaw now passed the final approval of the Area Structure Plan is next.

Looks like we are getting very close to having another 'gem' of a development in the Crowsnest Pass. Good news!

Call me at 403-564-4518 if you are looking to buy real estate in the Crowsnest Pass area, or if I can assist you in the selling of your property.


John Prince, Alberta licensed real estate agent, MaxWell City Central – Crowsnest Pass. Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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Thursday, April 2, 2009

More Canadians will turn to fixed mortgages as rates plummet to rock bottom

Ross Marowits/Canadian Press

Bargain basement borrowing costs are prompting many Canadians to opt for fixed mortgages even though variable products continue to be a money-winning option for the foreseeable future, industry observers say.

Canadian Imperial Bank of Commerce's chief economist says variable rate mortgages should produce the greater benefit for the next two to 2.5 years, but be a wash over five years.

"If you're really risk-averse, jump on those fixed-term rates because they're extremely cheap," Benjamin Tal said in an interview.

"Going variable probably will give you good performance for the next two years or so and beyond that, we might see interest rates rising."

Inflation could ultimately lead to higher interest rates, but likely not before 2011, he said. Variable rates remain attractive even though banks last fall eliminated discounts and began charging premiums for those who signed up for them after the Bank of Canada lowered its interest rate.

The central bank went even further on Tuesday, cutting its trend-setting overnight rate another half percentage point to 0.5 per cent. Banks followed by lowering their prime rate to 2.50 per cent. Bank governor Mark Carney said he now sees recovery coming later than it had projected, possibly in early 2010. And he hinted that instead of further lowering rates, the central bank may consider alternative strategies, including buying back government bonds and other forms of credit from chartered banks.

Homeowners with variable rates, especially those with discounts reaching 90 basis points, should ignore temptations to lock in now, says Vince Gaetano, vice-president of Monstermortgage.ca. The self-professed fan of variable mortgages said they give customers control, which is important in the current economic climate. Gaetano said homeowners should use this window of low rates to pay down their mortgages as quickly as possible. "The key is if you can pay your mortgage in half by the time your variable rate doubles your interest cost is going to be the same on your balance."

He accused banks of scaring mortgage holders last fall to lock in their variable rates by suggesting rates will rise. The deteriorating economy has only caused rates to fall even further. "There's lots of consumers not happy with their banks right now for bad advice," he said, noting that people who opt for variable mortgages have to be comfortable with fluctuations. Owners of rental properties, however, should stick to fixed-rate mortgages to balance steady income with stable interest expenses, he added.

Mark Olkowski, Southern Ontario manager of mortgage firm Invis, said fixed rates have dropped so low that new mortgage holders are looking more closely at this option than they did just a few months ago. "The average consumer is looking at it now and they're probably waiting for something to trigger," he said. If rates haven't reached a floor, they are probably close to it, added Olkowski, who said he hasn't yet seen a flurry of people opt for fixed rates. "We pretty much have a good idea what's going to happen in 2009. The trick is trying to figure out what's going to happen in 2010, 2011, 2012 and 2013."

The beauty of variable rates is that consumers can convert to a fixed rate without penalty. Mortgage expert Moshe Milevsky of York University suspects many Canadians will opt for the security of fixed mortgages considering how low rates have dropped. But he said the decision about what kind of mortgage to take should never be made in isolation of individual circumstances such the amount of equity, value of the house, debts and risk aversion. And in markets where real estate prices are falling, seeking a long-term rate may be more important than the type of rate.

"The last thing you want to do is have to renew your mortgage in a year from now and have the bank say: 'Let's assess what that house is really worth,' " he said in an interview. Studies conducted by Milevsky have determined that variable rates have historically produced greater savings 88 per cent of the time. "But in today's environment, you'd be hard-pressed to make a case to continue floating," he said, advocating a blend between fixed and floating rates.


John Prince, Alberta licensed real estate agent, MaxWell City Central – Crowsnest Pass. Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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