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PROrealty Real Estate
#411 15 Erin Ridge Rd., St Albert, Alberta
P: 780.886.9210
F: 780.458.6053
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Thursday, June 21, 2012 - Investor Alert

Own outright a new, luxury Condo in Puerto Adventuras in the Mayan Riviera for as low as $89,000.  Located next to the ocean on a private gold f course, steps away from international restaraunts and shopping, this location has it all. Not to mention the new International Airport mere km away.   If you wish to rent, expect a 10%-12% ROI.  There is even bare land opportunities for as low as $17,000.  Why not take advantage of a FREE chill weekend - enjoying a FREE 2 night stay in 5 star ...

posted in General at Thu, 21 Jun 2012 20:44:17 -0600



Thursday, June 21, 2012 - Mortgage Changes

The federal Canadian government announced amendments to government-backed mortgage standards, to take effect July 9, 2012.  These are: (1) Maximum amortization period reduced from 30 to 25 years (2) Maximum withdrawal amount for refinancing was lowered from 85% to 80% of the home value (3) Maximum gross debt service ratio was fixed at 39 per cent and the maximum total debt service ratio fixed at 44 per cent  (4) Availability of government-backed insured mortgages was limited to homes with a ... Full Article...

posted in General at Thu, 21 Jun 2012 18:52:24 -0600



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