Current Relevant Market Updates
Keeping our Customers Informed
Come out and join us for the public preview and introduction to the Comox Valley?s most anticipated new home development! With 1 and 2 bdrm condominium?s from $159,900 you won?t want to miss this exciting opportunity! Refreshments and finger food provided.Here's your chance to meet the Developer, the Builder and even the Mayor of Comox!This Saturday, May 2nd from 12-4pm @ 695 Aspen Rd, Comox, BC (by Quality Foods)www.the-Horizon.ca...[read more]
Source: Anna J - Coast Realty Group Ltd.
Apr 22, 2009
Buyers: Lower Mortgage Rates = Higher Purchase Price...Time to Get Your Pre-Approval Updated
Scenario #1 (Six Months Ago) Amount: $300,000.00 Mortgage Rate: 5 Year fixed @ 5.70% Amortization: 30 years Payment: $1,728.57 (Principal & Interest Monthly) Scenario #2 (Today) Amount: $300,000.00 Mortgage Rate: 5 Year fixed @ 3.99% Amortization: 30 Years Payment: $1,424.86 Note: A reduced P&I payment of approximately $303.71 per month. In Addition: We have began our CCCU Mortgage Campaign which will run from April 20th to June 20th with an additional 60 day rate guarantee. The...[read more]
Source: Robert Buckley, Manager, Coastal Community Credit Union 4th St Branch
North Island College Expands Federal and provincial funding of $ 8.2 million has been secured to proceed with the Skills Development and Trades Training Centre for North Island College?s Comox Valley campus. Construction drawings are underway by architect Tom Dishlevoy; construction is expected to begin later in 2009 as the building is expected to be open for the 2010/2011 school year. The proposed 11,862-sq. ft. facility would consist of shop, classroom, office and ancillary space. It is estimated that construction of...[read more]
Source: Coty Marketing - Building Links
Fast Facts ? 2008 Ø In the 12 months ending March 31, 2009 there were 1129 sales of all property types, 49% fewer sales than in 2008. The lowest number of annual sales was 879 in 1998. Ø In March of 2009, the average sale price of a Comox Valley home was $301,478 down 11%. The average lot price was $125,833 down 12%. If you purchased an ?average? home in 2003, you paid $169,153....[read more]
Source: Marty Douglas, Manager Coast Realty Group (CV) Ltd.
What is "Title?" ?Title? is a word lawyers use to describe the right of ownership to land. When you purchase a home, title is transferred to you, the new home owner. What is Title Insurance Title insurance is an insurance policy that protects you, the home owner, against challenges to the ownership of your home or from problems related to the title to your home. The policy provides coverage against losses due to title defects, even if the defects existed before you purchased your home. A...[read more]
Source: John Hudey, RBC Mortgage Specialist