Edmonton Real Estate - Peter Kubiczek

Peter Kubiczek
Team Leader
12716-101 St., Edmonton, Alberta
P: 780-456-6300
F: 780-476-6320
Email

Visit our team members at the Open House at following locations 13035-114 St and 11251-167B Ave will be there till 4:00pm

Wednesday, June 9, 2010 - Invest in real estate and in your kids

Here’s one way to tackle the red-hot Canadian housing market: Get someone to buy you a home. That someone would be your parents. According to a new survey from TD Canada Trust, 10% of Canadians are considering buying a condominium for their adult children. A year ago, only 5% of parents thought about buying the kids a condo. “It could be something that the parents are looking at as a long-term source of income, letting their children live it in for now,” says Chris Wisniewsk ... Full Article...

posted in News at Wed, 09 Jun 2010 11:44:26 -0600

Tuesday, June 1, 2010 - OTTAWA - The Bank of Canada today announced that it is raising its target for the overnight

OTTAWA - The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly raised to 3/4 per cent and the deposit rate is kept at 1/4 per cent, thus re-establishing the normal operating band of 50 basis points for the overnight rate. The global economic recovery is proceeding but is increasingly uneven across countries, with strong momentum in emerging market economies, some consol ... Full Article...

posted in News at Tue, 01 Jun 2010 12:43:10 -0600

Monday, May 31, 2010 - Markets primed for Canada rate hike on June 1

Thirty-two of 40 forecasters polled by Reuters expected the Bank of Canada to raise rates by 25 basis points on June 1 to 0.50 percent. Canada's 12 primary securities dealers were unanimous in that view. Eight of 40 saw rates staying on hold next week. The poll was conducted between May 24 and May 27. Yields on overnight index swaps, which trade based on expectations for the key central bank rate, suggested investors see a 77 percent chance the policy rate will rise to around 0.50 percent on Ju ... Full Article...

posted in News at Mon, 31 May 2010 18:27:56 -0600

Saturday, May 29, 2010 - Re/Max event raises more than $50,000 for CMN

Re/Max of Western Canada’s silent and live auctions at the annual Breakfast of Champions, held during the company’s 27th Annual Conference in Edmonton recently, raised $52,962 to support Children’s Miracle Network member hospitals. “Re/Max affiliates have truly embraced this worthy cause,” says Marie Sheppy, senior co-ordinator, corporate affairs (Children’s Miracle Network liaison). “This is especially evident when we gather annually to celebrate our s ... Full Article...

posted in News at Sat, 29 May 2010 14:50:18 -0600

Saturday, May 29, 2010 - Canadian real estate investors Ã¢Â?Â?cautiously optimisticÃ¢Â?Â?

Although Canadian institutional and private real estate investors think the market has yet to reach its lowest point, they are cautiously optimistic that a fast recovery is on the horizon and are honing their expansion strategies, says Colliers International’s 2010 Global Investor Sentiment Survey. Two out of three Canadian investors indicated they are considering further acquisitions over the next 12 months, mirroring the global trend. The global survey of more than 240 major real estate ... Full Article...

posted in News at Sat, 29 May 2010 14:47:31 -0600

Saturday, May 29, 2010 - Mortgage holders are well prepared for rate hikes.

A survey by the Canadian Association of Accredited Mortgage Professionals (CAAMP) says Canadians appear well prepared to face the new phase of the residential mortgage market, in which interest rates are rising and house activity is expected to ease. The survey found: · Consumer concern about rising rates is offset by increasing home equity. · Many mortgages were renegotiated at lower rates; amortization periods are declining. · Many Canadians have used cost savings from low rates to pay more t ... Full Article...

posted in News at Sat, 29 May 2010 14:34:22 -0600

Saturday, May 29, 2010 - CMHC forecasts Ã¢Â?Â?balanced conditionsÃ¢Â?Â? for next two years

Canada’s resale home market will move towards balanced conditions over the next two years as MLS sales ease and inventory levels increase, says Canada Mortgage and Housing Corp.’s (CMHC) second quarter Housing Market Outlook, Canada Edition. In late 2009 and early 2010, sales activity included some pent-up demand from early 2009, the federal agency says. Once this demand is exhausted, and as mortgage rates gradually rise, the pace of activity in the resale market will ease. As a res ... Full Article...

posted in News at Sat, 29 May 2010 14:33:14 -0600

Thursday, March 19, 2009 - Optimism in Edmonton market

Optimism in Edmonton market The Calgary Herald – Saturday, March 7, 2009 It's the sweet smell of optimism. At a time when single-family home builders in the Edmonton area are fighting a lack of consumer interest--along with competition from resale housing--CMHC expects a slight increase in construction starts later this year. "Provided new home inventories decline in the months ahead, we remain optimistic that a modest uptick in single-detached starts should occur during the second half ... Full Article...

posted in News at Thu, 19 Mar 2009 17:26:40 -0600

Thursday, March 19, 2009 - Banks begin to decline federal aid in first sign of recovery - Globe and Mail, March 17, 2009

Banks begin to decline federal aid in first sign of recovery - Globe and Mail, March 17, 2009 Credit conditions easing, banks no longer struggling to raise funds to make loans. Canadian banks are turning down some of the funding that the government is making available to them, a sign that they are recuperating from the financial crisis. The banks have stopped selling the government the full amount of mortgages they could under Ottawa's $125-billion mortgage purchase program, the centre piece ... Full Article...

posted in News at Thu, 19 Mar 2009 09:55:18 -0600

Friday, March 13, 2009 - Increase in home sales brings hope

Increase in home sales brings hope The Calgary Sun – Tuesday, March 3, 2009 A bright ray of optimism has pierced the leaden clouds that were hanging over Calgary's real estate market early this year. Sales of single-family homes increased 50% to 825 units in February compared to January, show figures released by the Calgary Real Estate Board. Condominium sales rose 52% to 334 units during the same period. But despite the more brisk pace, activity and prices in Calgary's real estate marke ... Full Article...

posted in News at Fri, 13 Mar 2009 18:20:52 -0600

Friday, March 13, 2009 - Local housing prices continue to slide while sales rise

Local housing prices continue to slide while sales rise The average price of most types of residential property slipped down a notch in February after a short rally in January. Sales numbers climbed across the 1,000-unit threshold for the first time since October but are still below the same month sales for last year. “It is a typical pattern that sales activity picks up as we move into spring,” said Charlie Ponde, president of the REALTORS® Association. “Listing activity al ... Full Article...

posted in News at Fri, 13 Mar 2009 18:02:04 -0600

Thursday, March 12, 2009 - First-time buyers driving real estate market

MISSISSAUGA First-time homebuyers are being lured into the real estate market by falling prices, lower interest rates, more selection and new government incentives, a new report says. Preliminary figures show house sales were up in February, after a terrible January, driven by more first-time buyers entering the market, the ReMax real estate company said yesterday. ReMax said lower prices and record low lending rates are prompting many first-time buyers to "get off the fence, out of rental, a ... Full Article...

posted in News at Thu, 12 Mar 2009 23:27:40 -0600

Thursday, March 5, 2009 - Homebuyers winners in council tax fight; Land Transfer Tax Defeated The Calgary Herald ? Saturday, F

Homebuyers winners in council tax fight; Land Transfer Tax Defeated The Calgary Herald – Saturday, February 28, 2009 Calgary city council has narrowly defeated a proposal that would have seen a land transfer tax imposed on everyone selling their home. In a letter to the mayor and aldermen prior to the recent vote by council, the Calgary Real Estate Board and the Alberta Real Estate Association called the tax unfair. "It is essentially a home buyers’ tax and singles out a select grou ... Full Article...

posted in News at Thu, 05 Mar 2009 23:42:32 -0700

Thursday, March 5, 2009 - Increase in home sales brings hope The Calgary Sun ? Tuesday, March 3, 2009 A bright ray of optimis

posted in News at Thu, 05 Mar 2009 23:40:33 -0700

Thursday, March 5, 2009 - New Risk Based Score Breaks the Trust of Consumers Equifax, Experian and Transunion have begun li

New Risk Based Score Breaks the Trust of Consumers Equifax, Experian and Transunion have begun limited marketing of a new consumer credit scoring algorithm to Risk Based Lenders. According to David Rubinger of Equifax, the planned nationwide rollout to Risk Based Lenders is scheduled for July, and will be followed, approximately 9 months later, with the public disclosure of these scores to consumers. An algorithm is a mathematical formula that is written to assign value to specific data in or ... Full Article...

posted in News at Thu, 05 Mar 2009 23:21:57 -0700

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