Fredericton Real Estate

Canadian mortgages stay ‘boring but beautiful’
By Bernard Simon
Financial Times
Published: July 30 2008 03:00 |
As London debates ways to reinvigorate the UK home-loans market and a crisis of confidence batters Fannie Mae and Freddie Mac in Washington, an air of quiet self-congratulation has pervaded the mortgage-finance industry a few hundred miles north in Canada.

Delinquency and foreclosure rates have scarcely risen. Risky subprime mortgages, the scourge of the US housing market, make up less than 5 per cent of Canadian housing finance. Though prices are starting to soften, bidding wars are still common on desirable properties in Toronto, Vancouver and Calgary.

In contrast to the uncertainty surrounding Fannie and Freddie, the US government-sponsored mortgage agencies, demand for mortgage-backed bonds issued by the Canada Mortgage and Housing Corporation is at record levels. Continue reading »

Location:1587 Woodstock Road
Price: $499,900
Beds: 3
Baths: 4
Features:Rare opportunity to purchase a gorgeous Executive home along the river, in the city! Custom built, this West Coast designed home is truly one-of-a-kind. Walk thru bright sunroom & garden doors to Great Room. Continue reading »

ATTENTION BUYERS:
Pay attention folks, the real estate market is much like the stock market, it has it’s ups and downs.
The fact that the real estate market is in a buyer’s market is not surprising, given the environment and the doom and gloom in the news. Also don’t forget the baby boomers.
There are many baby boomers trying to unload their 2 story homes, and there are more and more people trying to sell privately. They may save some commission but what about protection for the buyer?

That’s where I come in. Continue reading »

Location: 29 Jewett Way Keswick Ridge
Price: $234,900
Beds: 3+1
Baths: 3
Features:Quiet country living with a breathe taking view of the Mactaquac Arm. Priced at appraised value! Large deck off of the dining room. Continue reading »