Monthly Archives: December 2009

How a Realtor Calculates List Price – Comparative Market Analysis for Sellers!

What is a Comparative Market Analysis?

It is the process Realtors use to calculate the market value of properties they market.

How do I do a Comparative Market Analysis?

1 ) Visit the property!

The first thing I do when requested to do a Comparative Market Analysis is to physically visit the property. Visiting the property is key! In my opinion, it is impossible to get an accurate idea of market value on a property without seeing the property.  Continue Reading…

Variable Versus Fixed Rate Mortgages with Jessi Johnson Mortgage Broker!

Last week I had the pleasure of meeting up with Jessi Johnson of the Jessi Johnson Mortgage Team to discuss the merits of a Variable Rate Mortgage versus a Fixed Rate Mortgage.

What is a variable rate mortgage?

This is a mortgage that has an interest rate that changes in line with the Bank of Canada’s prime rate.Variable rate mortgages tend to have a lower interest rate than a fixed rate mortgage, but the interest rate on a variable mortgage can change at any time.

What is a fixed rate mortgage?  Continue Reading…