 The outlook for Newfoundland Real Estate for 2008 will be positively supported by a strong provincial economy, with the average MLS® price forecast to increase 6.4% to $157,500. Remax is suggesting a 12% increase which would put the average price around the $170,000 mark. The expected increase in single detached and two apartment homes can be seen already, and it's very early in the new year. Currently we are experiencing low housing inventory and a high number of buyers. Now is the right time to sell your house for maximum value. I recently read a review of average St. John's House prices from 2002 - 2008 (forecasted) from CMHC. Good to see the St. John's real estate market on the rise in recent years. 2002 - $113,081 2003 - $119,822 2004 - $131,499 2005 - $141,167 2006 - $139,542 2007 - $148,000 And forcasted for 2008 - $157,500 Want to keep up with the latest market news and trends in St. John's? We invite you to visit our Real Estate Blog.Fraser and Stephen Winters - Remax Remember, we're never to busy for your referrals! |
Mortgage Calculator: How much can you afford?
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 How much of a house you can afford depends on a number of factors. The
most important are your gross household income, your down payment and
the mortgage interest rate. Lenders will also consider your assets and
liabilities. Your own lifestyle and debt comfort zone also come into
play.
A lender or bank will determine the amount of a mortgage based on two simple rules.
Continue: "How much can you afford"
Feel free to use the mortgage calculator on our website for a quick calculation of your own.
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A Primer for Investment Properties
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 Investing in a rental property can be a great way to build wealth.
Done right, you get someone else to pay your mortgage, then pocket a
big payoff when you sell. With today's St. John's surging real estate
prices, the prospect of making a fortune in the property market is
luring many first-time landlords into the business.
What should you know before you plunge in the real estate market? |
We'd love to answer any Real Estate question you may have. Just email us, we would be glad to be of assistance.
Remember to recommend our services to your family and friends.
We're never too busy for your referrals
Fraser & Stephen Winters
709-682-9245 or 709-682-9045
info@fatherandsonteam.ca
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