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Steve Sedgwick
Royal Lepage Noralta Real Estate
3018 Calgary Trail, Edmonton, Alberta
P: 780-431-5600
F: 780- 431-5624
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Wednesday, March 18, 2009 - Perfect Storm for Buyers.

   In the midst of global economic turmoil there is at least one upside. It has never been a better time to be a buyer of real estate! A large inventory of homes to choose from combined with exceptionally low property values and amazingly low interest rates make buying a home an attractive and easy proposition. I have just received notice that 120 day mortgage rate gaurantees on a 5 year term are down to 4.15% and 4.09% with a quick close (less than 30 days).
   The Alberta advantage is still going strong despite economic gloom almost everywhere else. Canada is faring exceptionally well due in no small part to the fact our banking system did not allow the opportunity for an over-leveraging of assets that have left most financial institutions outside of Canada struggling to recover. We have seen Edmonton area home values go up dramatically in recent years and the recent decrease in home values is resulting in bargains we haven't seen in many years.
   If you are renting it is an ideal time to check out a mortgage pre-approval and see exactly how much home you can OWN for what you are currently paying in rent. You may contact Steve through www.RealtyEdge.ca to be connected with one of his preferred professional mortgage brokers.
posted in General at Wed, 18 Mar 2009 10:36:37 -0600



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