‘Real Estate essentials’ Archives
Bank of Canada holds interest rates steady
The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on June 4th, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per cent. The Bank indicated that economic and inflation outlooks are unfolding largely as it expected when it [...]
Locational Factors and appraisal of property
Locational factor is very important and everybody knows how it impact the real estate. Common locational factor includes such things as pattern of land within immediate area, availability of utilities, access to transportation, stores and recreation, neighbourhood overview. The existance of nearby hazards and nuisances like odour and traffic have [...]
Mortgage – Overview
According to America Heritage dictionary meaning of mortgage is; i) A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt. II) A contract or deed specifying the terms of a mortgage. III) The claim of a mortgagee upon mortgaged property. It has been further elaborated in [...]
