Wednesday, April 22, 2009
- Real Estate Information
SOLD!! As the beauty of spring unfolds in our beautiful City, the number of sold signs we are seeing on various properties is increasing! In February 2009, 8% of the Residential listings sold on our Chilliwack Board, (125 properties), while for the month of March 2009, we have seen a positive and welcome increase of almost 35%, with 176 Residential sales. It is interesting to observe that the listing inventory for the end of March 2009 is only 4 % higher at 1475 listings, versus 1416 listings for the same time frame in March 2008. On April 21, 2009, the Bank of Canada dropped their prime lending rate by .25, bringing the prime rate to a historic low of 2.25. What does this mean for all of you considering to buy or sell? An exceptional opportunity!! 5 year terms are being offered at incredible rates of 3.69 for a 5 year term, with 5 year variable rates as low as 3.00! (Rates are subject to change). For all first time buyers, and for those looking to upsize their property, these rates offer easier entry into the market, and affordability, especially with the stability of a 5 year term offer. Looking for a great investment property? Give us a call.
Are you considering to buy or sell? Upsize, or downsize? Are you a first time buyer with a lot of questions with the buying process, as to where you start, what to buy, and the best ways to finance? Please give our TEAM of professionals a call and we will pleased to represent you every step of the way. We can be reached at 604-858-7179 or 1-800-830-7179, heklop@remax.net and our website www.HenryEKlop.com
Enjoy our beautiful spring days!!
posted in General
at Wed, 22 Apr 2009 14:13:10 -0700