First Foundation website (www.FirstFoundation.ca)

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First Foundation Residential Mortgages, a licensed mortgage broker in Edmonton, Alberta, has been aiding home owners and home buyers since June 2002. 

As a Mortgage Broker, First Foundation will help you in choosing the ideal mortgage product to meet your specific needs and objectives. The best part is you don’t pay us a cent!

First Foundation’s website provides interesting information about Canadian mortgage products, debt consolidation loans, the Smith Manoeuvre, and mortgage life insurance.

At FirstFoundation.ca you can find an easy to use online mortgage application form to get started. Also, you can find free mortgage payment calculators and an interesting section on our “Commercial Mortgage” offering. With an in-depth “Mortgage Article” blog section, First Foundation’s website shares useful information about mortgages in Canada: the importance of good documentation, Bank of Canada rates, mortgage statistics, and more.

Our “Canadian Mortgage Glossary” introduces website visitors to common mortgage terms and their definitions. For example, do you know about “Land Transfer Tax”? Reading our glossary you will find the following definition: “Land Transfer Tax is a fee paid to the municipal and/or provincial government for the transferring of property from seller to buyer”.

At First Foundation we believe in a high level of service and helping our clients get the best mortgage rate to match their circumstances. We pride ourselves in assisting clients in navigating the complex world of mortgages and keeping the process simple and pain free. We encourage you to visit FirstFoundation.ca and get to know us better – we hope to hear from you soon!

Friday Numbers

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Due to popular request, Chan has returned :P 

There were 168 new listings on Friday and 93 sales for a sell/list of 55.36%

Current inventory is 11840.

2854 (24.1%) of those are over 90s.

Hyderabad, Pune prove contrasts in real estate prices

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Hyderabad and Pune, the two emerging IT hubs, seem strikingly different when it comes to realty prices, especially for residential houses.

Thanks to the IT boom, investments in housing have boomed in both cities over the last three years. While prices have nearly doubled in Hyderabad, they have almost stabilised in Pune, according to a recent Cushman and Wakefield report.

The reasons: real estate space within the city is limited and supply constraints have pushed up prices. With several upcoming projects in Hyderabad, the capital and rental values across micro-markets areas within the city are also likely to spurt over the next six-eight months, said an analyst.

In Pune, on the other hand, there is enough space to expand within the city. However, the demand for residential housing is higher in the peripheries like Hinjewadi compared to the city. Several IT companies have set up shop in Hinjewadi.

“The Hyderabad market is growing at a fast clip, but is also over-hyped. In Pune, most of the land in the city is owned by the defence forces, prompting others the move to the periphery,” says E Sudhir Reddy, MD, IVRCL.

The chairman of Ramky Group though has a different explanation to offer. According to him, the peripheries in Pune are a big draw for realty investors due to lower prices. He also reckons that poor infrastructure in the Pune city could also be the trigger for investors to build homes in the periphery.

Cushman and Wakefield has projected supply of land in Hyderabad at around 4.01 million sq ft by the end of this fiscal compared to 3.04 million sq ft in the same period last year. The demand last fiscal was around 3.46 million square feet last year, leaving a gap of around 0.42 million square feet.

Source from The Economic Times

How about a hyperbolic paraboloid house?

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This house, designed by architect Jim Evans in 1960 shows a rare residential application of the hypar roof. It's located in New Canaan, Ct and has recently been put on the market.

The most well known house using this style roof was designed by Eduardo Catalano in 1954 and was demolished in March 2001.

Link: Sotheby's Property Page

Property valuations - How best to value of your home

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Valuing your property can be one of the hardest components of selling your own home. Price it too high and there won't be any interest, price it too low and you could miss out on the extra cash!

So, how do you go about pricing your property? Do you research similar properties in your area? Do you get a real estate agent in to give you an estimate? Do you see what homes are going for on sites like smartvendor? Do you use one of the online guides like Australian Property Monitors?

Have your say in our private real estate blog!

Costa Rica Investment: More than Wildlife, Beach and Parties

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A varied topography, the hot sandy beaches and wonderful spots all contribute to the million of visitors that come to Costa Rica every year. With the accommodations cost increasing every year, it will be better if regular visitors just purchase their own Costa Rica real estate to serve as their vacation home. If you are adventure bound, Costa Rica is your best destination. If you love to say goodbye to the cold weather in your country and experience the tropical weather and live in Latin America, then get yourself a Costa Rica real estate right now.

If you are after shopping in Costa Rica, you can come to San Jose and experience its colorful and vibrant market. Having a multitude of hotels, accommodations, and restaurants to suit every pocket, Escazu can be your headquarters as you tour the rest of the country.If you’re coming to Costa Rica for long summer days and beautiful beaches, then the province of Guanacaste is your perfect destination. For investment and development opportunities in Escazu, Guanacaste or San Jose, you can access information on Costa Rica real estate online.

For tourists, movers, and retirees, Costa Rica is the haven you are looking for. Come to Costa Rica today and discover investment and development prospects in Costa Rica Real Estate.

A Land of Beauty and Opportunities

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A varied topography, the hot sandy beaches and wonderful spots all contribute to the million of visitors that come to Costa Rica every year. Frequent visitors in Costa Rica can avoid the costly accommodations by purchasing their own properties which they can develop. Costa Rica is a peaceful oasis lurking in the heart of Latin America. How would you like to have your own Costa Rica real estate for your second home?

When the lights go out, experience a sophisticated or debauched nightlife in San Jose’s party central. A posh and upscale area, Escazu is also a quiet and secure suburb. An array of exotic flora and fauna, a number of breathtaking views, find peace in Guanacaste. For investment and development opportunities in Escazu, Guanacaste or San Jose, you can access information on Costa Rica Real Estate online.

With its beautiful culture, colorful events, experience a country like no other. Look through Costa Rica real estate and find the perfect property for you.

Saints

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St. Joseph

If you haven't noticed from the previous posts and links, I read WSJ compulsively except for the editorial section .  (And as a rule, I don't read the editorial sections of most papers and magazines because I have my own opinions and don't feel the need to know a stranger's opinion.)  So in yesterday's WSJ, the Personal Journal section had an article about the rising popularity of St. Joseph due to the housing slowdown.  If you're not familiar with St. Joseph,  he is the patron saint of carpenters/households/laborers.  The tradition for home sellers is to bury the statue upside in their yards for a speedy sale and then to dig the statue up once the sale is completed to place in their new homes.  Last year, I told the admin. assistant to bury a St. Joseph statue since her condo. wasn't selling and she ended up burying it in a planter.  Her condo eventually sold, after 5 months on the market (Bay Area, Livermore to be precise).  She didn't think St. Joseph helped much but she didn't bury it upside down either.  I only know about St. Joseph because I read about it during my high school days, when Southern CA went through a severe housing correction and people were grasping at anything to get their houses sold.

And if you're interested, there are other interesting patrons to help out in everyday life.

  • Clare: patron saint of television/TV writers/eyes  (Hollywood will need her if the writers go on strike!)
  • Matthew: patron saint of bankers/money managers/tax collectors
  • Cajetan: patron saint of unemployed people/job seekers 
  • Jude: patron saint of lost causes

Check out this site if you need saints for your causes/problems.  And the movie Millions showcases a little boy who talks to saints to cope with his mother's death and a sudden windfall of money.

That’s what I call a good Investment….

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Gloom and doom....... It can make you sick... Beware.....

As your mother told you.....Buy, buy and buy all you can....... The market is open.... Look at the numbers..

Since 1948 the national real estate values have risen       2650%

Since 1969 the national real estate values have risen         685%

Since 1977 the national real estate values have risen         340%

Since 1996 the national real estate values have risen         88%

Not bad, plus to get to live in it........ So, with lower interest rates, virtually full employment, lots of homes on the market, the only think different from two years ago is FEAR...... Get over it...... Just do it.......  Terry McDaniel   Real Estate Evangelist.....

Its a great time to buy homes

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The market is flooded with homes.If your looking to buy a home in the Chattanooga or surrounding areas Call me or visit my website at www.clintwilsonsells.com . Now is a great time to buy a home.If you have never bought a home or are looking for a forecosure to invest in dont wait.It just doesnt get much better than this