Stoney Creek, ON

If you are considering buying or selling a home in the Stoney Creek ON area, don't hesitate to give me a call!

As a past homeowner in Stoney Creek, I am very familiar with the area and would be pleased to show you why living in Stoney Creek is definitely an advantage to you and your family!

Our Services include:

• Real Estate Sales
• Free Market Evaluations
• Property Rentals and Leases

Should you be considering selling your existing home, I would be pleased to help you determine a fair and accurate asking price for your home, develop a marketing plan, offer advice to help make your home more "saleable," screen potential buyers, show your home and, of course, negotiate on your behalf.

Please feel free to contact me at 905-945-1234, or by email at jwalker@royallepage.ca if I can be of any assistance.

Jim Walker
Sales Representative
Royal LePage Niagara Real Estate Centre
22 Main Street West
Grimsby, Ontario
L3M1R4,
Bus. Phone # 905-945-1234
Fax # 905-945-0772
Email: jwalker@royallepage.ca

My business continues to grow because of referrals from friends, family and customers like you! Thank you for recommending me!

*** THIS IS NOT INTENDED TO SOLICIT FOR PROPERTIES CURRENTLY OFFERED FOR SALE***

The Canadian Central Bank cut rates today by a quarter point to 2.25%.

This rate cut today by the Bank of Canada was left than the half point cut expected by some economists. The reaction to this was also seen by the Canadian Dollar... falling to a three-year low following today's announcement.

It will be interesting to see how various Canadian financial institutions react today to the news... in terms of their prime rates and mortgage rates.

The Central Bank commented however that it would likely have to lower rates further to combat the effects of the global financial crisis. "In line with the new outlook, some further monetary stimulus will likely be required to achieve the 2 percent inflation target over the medium term," the central bank said in a statement announcing the lowest overnight lending rate since September 2004.

The Bank of Canada also commented on the US Recession, stating, "The global economy appears to be heading into a mild recession, led by a US economy already in recession."

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.

The Bank of Canada is expected to lower its overnight lending rate by as much as a 0.50% tomorrow. If so, this will be the second time in two weeks that the Bank of Canada has taken action to lower rates as part of its efforts to help tame the global financial crisis.

Their overnight rate influences the prime lending rates charged by the chartered banks in Canada. It can affect borrowing costs on variable-rate mortgages and lines of credit.

It will be interesting to see how the Banks react. The last time the Bank of Canada announced a half-point cut on Oct8, not all the chartered banks passed on the full effect to customers.

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.