About Oakville's Glen Abbey

Glen Abbey, a popular Oakville neighbourhood was a planned community which began development in 1981. What was once 1000 acres of farmland grew quickly to include a variety of different types of dwellings, parks, open space, schools, churches, trails and bike paths. And let's not forget the world famous Glen Abbey Golf Course, home to the Canadian Open and designed by Jack Nicklaus. Glen Abbey Golf Course overlooks the banks of the 16 Mile Creek which is the eastern boundary for this neighbourhood. Glen Abbey sits north of the Queen Elizabeth Way highway and stretches to Upper Middle Road to the north and Bronte Road to the west. The prestigious homes of Fairway Hills overlook the golf course with many backing onto the holes themselves. Dorval Crossing shopping plazas at the south end of Glen Abbey provide amenities with shopping, dining, banking and professional services. Glen Abbey Recreational Centre on Third Line offers family swimming and skating, an Oakville Library branch, fitness and community rooms. The Oakville GO west station is handily located off Third Line south of the QEW. Home styles in Glen Abbey range from condo apartments, to condo townhomes, freehold townhomes, semi-detached and fully detached homes. A large number of Mattamy and Greenpark homes range in size between 3000 and 4000 square feet with many sitting on ravine properties. Glen Abbey is a family oriented neighbourhood and was designed with many cul de sacs and crescents. Glen Abbey is one of Oakville's most sought after areas to call home. Entry level homes in Glen Abbey are priced around $300,000. Average prices for detached, 2 storey, 4 bedroom, 3 bath, 2 car garage properties range from $500,000 - $550,000.

For information on other popular Oakville neighbourhoods, please click on the links below.

Wedgewood Creek

Falgarwood

Oakville Real Estate Blog -- Real Estate - Real Life

It has been said in the past, that for Canada, being next to the United States, is like being in bed with an elephant. This statement was in specific reference to the close proximity between Canada and the United States... and the fact that the Canadian economy will most likely always eventually feel the impact of the effects felt by the US economy. Well the present economic crisis has become no exception to this analogy.

Now, with the election of a new President for the United States, and the shift from republican to democratic party policy in the Oval Office, how will this all come to affect not only the United States, but also Canada?

Well for starters, anything that boosts US consumer confidence is good for the US economy and in turn, good for the Canadian economy. Furthermore, anything that would help to shorten and mitigate the US recession, would be good for Canada.... and based on the out pour of people into the streets expressing cheers and joys following the election of Barack Obama as President-elect, many US consumers appear to be optimistic of what the future will hold with the new administration that will soon come into power.

That being all said, there is no quick fix for the current economic problems. However, it is nice to see a bit of optimism for a change.

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Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
Fax: 1-877-345-6256
Email: gina@ginaburgio.com
www.ginaburgio.com

Each VERICO Broker is an independent owner operator.

Many people were wondering last week why the Canadian Dollar started to lose value against the US Dollar, when it appears that the USA was in greater crisis mode in comparison to Canada.

Well here is why....

Canada is one of the world's largest producers of oil and holds oil reserves second only to Saudi Arabia, which makes Canada very reliant on its most prized commodity. It is also the largest supplier to the world's biggest oil consumer - the United States. Therfore, rising oil prices tend to be good for Canada/bad for the U.S., while falling oil prices tend to be bad for Canada/good for the U.S.

As you can see from the chart above, price movements USD/CAD and Oil are inversely correlated from each other - meaning as oil trends higher, USD/CAD tends to trend lower and vice versa.

Since January 1988, USD/CAD and Oil have had about a 68% inverse correlation to each other. This is a pretty strong correlation.

Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
Fax: 1-877-345-6256
Email: gina@ginaburgio.com

Each VERICO Broker is an independent owner operator.

Oakville Ontario (Glen Abbey) for the month of September 2008 - Year To Date home prices in Glen Abbey rose as a whole in the month of September 2008. The average sold price in Glen Abbey was $472,825 for the month, up 11.4% from Sept. 2007 at $418,696. On an average, sellers in Glen Abbey are getting 97% of their asking price. The average days on the market for homes in Glen Abbey is 32, and 20 homes sold this month in Glen Abbey, down 28.6% from Sept 2007 at 28 homes sold.

Please feel free to email me to receive a montly report of the Glen Abbey Market Report.

Barry Quine

www.barryquine.com

Renewing your mortgage is as important a financial decision as selecting your first one. While renewing your mortgage, you are in a stronger financial position as compared to where you were before. Your home equity grows over a period of time and by decreasing your principal loan balance, you are in a good position to negotiate. However, many prefer to just sign their existing agent's mortgage renewal form without trying to get a good deal on the new mortgage. This results in a higher rate and a mortgage package that does not cater to your individual needs.

With my expertise in the Canadian mortgage industry, I can help you get the most out of your mortgage renewal. Pay off existing debts, clear high-interest credit card bills, renovate your home and do a lot more after renewing your mortgage.

Contact me today and I will help you find the best terms for your mortgage renewal.

Sincerely,

Gina Burgio, Mortgage Agent

VERICO Designer Mortgages Inc.

Toll Free: 1-877-34-LOAN-5 or 1-877-345-6265

Fax: 1-877-345-6256

Email: gina@ginaburgio.com