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Property
The property market in Canada continues to be strong. Here
is the average prices (all in Canadian dollars) of properties
sold in some of the big cities for the month of January 2005:
Toronto: $323 141.00
Edmonton: $180 800.00
Calgary: $240 328.00
Vancouver: $377 100.00
Victoria: $396 500.00
Comparing January 2005 to January 2004, prices were up for
all these cities.
The economy is strong and low interest rates tend to have a
positive influence on the strong market.
Recently interest rates have been as low as:
2 year: 3.99%
5 year: 4.65%
7 year: 5.02%
10 year: 5.40%
This would mean that if you finance the purchase of your home
with a $250 000.00, 10 year mortgage, and you chose to pay back
the loan over 25 years, your monthly payment at 5.40% would
be about $1511.64. The interest rate and your payments would
remain the same for ten years.
Car Prices
By worldwide standards, cars tend to be very reasonably priced
in North America. To give you an idea of what you could expect
to pay for a car, here are some cars and their prices currently
being advertised in the newspapers. All are brand new 2005 models
and the prices are in Canadian dollars:
Toyota Echo Hatchback CE (small car) - $14 025.00. You could
lease this car from around $168.00 per month with a down payment
of $1 575.00
Dodge Ram 1500 Quad Cab SLT 4X4 Hemi (5.7Litre truck with 4
doors and lots of extras like 20” aluminum polished wheels,
power windows, locks and mirrors and lots more) - $34 288.00.
You could lease this for around $428.00 per month with no down
payment
Dodge SX 2.0 (4 door family car) - $13 788.00. Lease for $199.00
per month with $850.00 down payment.
Remember that all these leases have some kind of financial
commitment at the end of the lease period. Prices in Canada
are in many instances negotiable so that you may well pay a
different price from somebody else for the same vehicle.
VISIT
OUR HOMEPAGE
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Greetings
to you from Canada. Spring is in the air here in Vancouver and
the sun has been shining brightly through the windows. Last
night I took my dog for a long walk along the edge of the golf
course where I live and we wandered down towards the sea. I
needed a pullover because it was starting to get a little cooler.
But it was far from cold. It was relatively light still at 6.15
pm and there were golfers out on the golf course. I looked in
the newspaper today and I saw that the temperature yesterday
was nearly 20 degrees Celsius. Compare that to 22 in San Diego,
26 in LA, 6 in New York, and 3 in Boston. We do okay in Vancouver.
Do
your research well when you are considering where you are going
to live in Canada. Take into consideration all the factors that
are going to impact on you settling comfortably and happily
into your new lifstyle.