NormanLane Real Estate | 709-221-SOLD | 323 Freshwater Road St. John's NL A1B 1C3

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Variable Rate Mortgage? Switch and save $5000 or more!

Tick-tock... If you've negotiated a variable rate mortgage over the past 3-4 years, and stuck with it, you're probably in a prime minus .35-50% product. This would put you in the 3.50% range This was an excellent deal back then, but only so-so today. Timing is everything Well, we're currently seeing limited time discounts that…
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When is the right time to refinance my mortgage?

Taking out some equity from your home to pay off higher interest debts can make sense! 80% is the magic number when looking to refinance.When seeking a refinance,  the government will only allow you to pull out equity up to 80% of the value of the home.As an example:Current mortgage balance: $300,000Current value of home:…
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St. John’s is the 4th least expensive city in Canada…

A Grateful Perspective of Real Estate in Newfoundland and Labrador The Real Estate market in St. John’s and surrounding areas have changed over the last few years years, but it shouldn’t scare you from making the move that you want to make. There is no denying we had a pretty good economic run from 2008-2014…
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Recession is coming.

Not if, but when... For the last 5-6 months, I've been telling anyone who would listen that the USA (and subsequently Canada)  is due for a major recession. Since the beginning of the "Great Recession" that sent the stock markets tumbling in 2008, the US has not only recovered but they've been on a "Bull"…
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2019 Budget: What does it mean for housing market in NL?

Well, in short, not much. I've seen the Global and CBC headlines shared out by countless Real Estate and Mortgage Professionals in the past 36 hours. I've actually had to go back and re-read it several times as it seems some are seeing it as "great news for buyers" but  it's really much ado about…
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Things To Consider When Moving Provinces

Whether you are moving cross-country from British Columbia to Newfoundland, or just next door, from Alberta to Saskatchewan, there are a ton of considerations you will need to keep in mind for before, during, and after your move.  Of course, you’ve probably already thought of the big things, such as redirecting your mail or setting…
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