• Sheryl King, an economist at Bank of America Merril Lynch, said in a note that the volatility hitting Europe and the risk of damage to the global economy means the Bank of Canada will move to cut its benchmark interest rate to ward off the risk of recession. Her prediction is the cut will be a whopping 0.75% decrease from the current rate of 1%.
• Ms. King forecasts that the cut would come in two phases, with a 0.50% trim being announced during the bank’s January 17 meeting, while the second and final 0.25% cut coming during the March 8 meeting.
• Also predicting a lower interest rate next year was David Madani, Canada economist at Capital Economics. He is forecasting a more mild cut of 50 basis points, however, saying he expects it to occur in April or June.

Read the full article here - BoC could slash rates

Up until now the talk has been an increase in rates next year.  Just like the weather, everyone has their opinion and the fine print always states "subject to change".  Regardless of rates possibly being lower next near, chances are prices will be higher so from your buyers prespective, today is a good time to buy.   I am here to help so please call and get your buyers qualified!

Email me at darren@mortgagebydarren.com or call 604.818.9262 anytime. 

Only 40 sleeps until Christmas and it seems that the Bank of Canada celebrated by releasing plastic $100 bills into circulation yesterday. Banks would certainly prefer that we all use plastic for payments however, they were hoping it would be by way of debit and credit cards which they can charge user fees on.  The $100 bill is just the beginning, $50 bills will be released in May and $20, $10 and $5 bills are scheduled to be available in 2013. With the release of these new bills, the Bank of Canada is showing that it understands that cash is still king and respecting that Canadians need a currency they can count on.  The new polymer bill costs almost double what paper bills costs to produce at $0.19 however, they are also estimated to last 2.5 times longer.  Paper bills will be slowly removed from circulation, so be prepared to tell your kids that "once upon a time" money was made of paper. 

In mortgage news, interest rates are staying stable with only minor movements in fixed rates and variable discounts.  With prime expected to stay low until 2013, it is unlikely that deep discounts will return any time soon to variable products.

If you are looking to buy your first home, tomorrow is the last day to register for the First Time Home Buyers Seminar and Tour happening on Sunday, November 20 from 1pm - 4pm in Langley.  The tour will begin at the Sutton West Coast Realty office on Willowbrook drive where in a 45 minute seminar we will explain the ins and outs of buy a first home.  This will be followed by a tour of available properties in the Langley/Clayton area.  Please email me by Wednesday, November 16th at 9pm to register at jamiemoi@jamiemoi.com

All the best!

Jamie Moi, AMP
Dominion Lending Centres - West Coast Mortgages
Your mortgage consultants for life
604-534-6504
jamiemoi@jamiemoi.com  

And don't forget to check out our Facebook page at  

www.facebook.com/JamieMoiMortgageTeam.   

The Realtor’s Care BLANKET DRIVE Needs YOUR Support: 

ITEMS MOST NEEDED AND REQUESTED – New bedding, socks, gloves, mittens, 

gently used blankets and sleeping bags.

Winter coats – mens’ and women’s, gently used shoes and slippers.

Your support of this important program provides much needed items well into the New Year.  

Last year, over 1700 bags were donated and distributed to the following charities

in the Fraser Valley alone.

• South Fraser Women’s Services      www.sfwomensservices.com
• Sources Community Resource Centre       www.sourcesbc.ca
• Surrey Memorial Hospital- Volunteer Services      www.fraserhealth.ca/home
• Surrey Urban Mission      www.surreyurbanmission.org
• Hyland House      www.options.bc.ca
• Night Shift Street Ministries –      www.nightshiftministries.org
• this location distributes even further into the communities
• Mission Community Services     www.missioncommunityservices.com
• Union Gospel Mission      www.ugm.ca
• Langley Food Bank      www.langleyfoodbank.com
• Salvation Army Gateway of Hope Shelter     www.gatewayofhope.ca
• Wagner Hills Farm – Drug and addiction Recovery      www.wagnerhills.com
• Ishtar Transition Housing Society      www.ishtarsociety.org

Thank you for your kind donation.  You will never really know how much it is appreciated.

DROP OFF LOCATIONS FOR SOUTH SURREY/WHITE ROCK:

Bay Realty 246  1959 152nd St  9-5 Mon - Sat

Hugh and McKinnon 14007 North Bluff Rd 9-5 Mon - Sat  10-2 Sun

Homelife Benchmark 1  1920 152nd St. 9-5 Mon - Fri/9-4 Sat/ 12-4 Sun  

Re/Max Colonial 15414 24th Ave9-5 Mon - Sat/10-4 Sun

Royal LePage NS 118 15272 Croydon Dr 9-5 Mon - Fri/9-4 Sat

Sutton Group WC 15595 24th Ave9-5 Mon - Fri/9-4 Sat

Musician alert!

Looking for a community that fosters your musical talents, dreams and ambitions that has world class recording studios?

Welcome to White Rock, BC. 

On October 27, 2011, I had the pleasure of viewing first hand Blue Frog Studios on Johnston Rd., right in the heart of White Rock, courtesy of the White Rock/South Surrey Chamber of Commerce biz after biz soiree’s.

Upon entering this little hidden gem, I was greeted warmly by the Chamber executive and led into the recording studio.  It is a sight to behold.  I wasn’t prepared for the warmth and elegance that greeted me – thinking it might be more sterile in décor.  I was wrong, and pleasantly so.  To add to the ambience, the grand piano was being expertly played along with a fine voice singing contemporary well known songs. 

Blue Frog Studio offers the musician one of the largest and best sounding rooms on the West Coast with a 34’ wide stage that can easily accommodate every project from a solo artist to a 60 piece symphony orchestra.  The studio was designed by David Hayes and the legendary technical guru, John Vrtacic.  It is fully equipped with an array of analog and digital gear including Pro Tools HD system.

The studio is also available for:

•    Video and film location shoots
•    Music videos
•    Intimate concerts
•   I-concerts (video streaming)
•   Seminars, meetings and receptions
•   Band/Fashion photo shoots
•   Instructional videos, web training
•   Special Events (limited only by your imagination)

With 23’ ceilings, lots of natural light c/w shutters, large washroom for makeup and wardrobe, 5 air conditioning units for acoustical control, comfortable lounge area, full wireless internet, kitchen facilities and a BBQ, scene lighting control and private and secure enclosed parking, and so much more, you will have everything you need without having to leave your hometown.

For more information: Call Kelly or Juanita at    604-542-3055, or check out the website: bluefrogstudios.ca.

You’ll be glad you did.

The following is a list of duties and services that I provide to you as either a seller or a buyer.
1. "As a licensed REALTOR® and member of the Fraser Valley Real Estate Board,I am legally obligated to protect and
promote the interests of my principals, as I would my own, and to abide by the by-laws, Standards of Business Practice
Code of Ethics as set by the Board".
2. Explain the Working with a REALTOR® brochure and agency obligations.
3. Provide undivided loyalty to the client.
4. Obey all lawful instructions of the client
5. Keep the confidences of the client
6. Exercise reasonable care and skill in performing duties
7. Account for all money and property while acting for the client
8. Cooperate with other Realtors
9. Explain real estate terms and practices
10. Provide and explain all forms
11. Communicate on a regular basis in a manner agreeable to you
12. Disclose in a timely manner all known facts affecting the transaction
13. Conduct market analysis and advise an appropriate listing price
14. Locate properties available to view and consider
15. Facilitate viewing properties and provide guidance
16. Advise regarding selection of the right property
17. Prepare and submit all necessary listing documentation
18. Advertise the listing on the MLS® and on REALTOR®.ca or ICX.ca
19. Assist in qualifying buyers
20. Arrange showings at times acceptable to the seller and, if any tenants, subject to tenant's rights
21. Discover facts pertaining to the properly
22. lnform of closing procedures and policies
23. Identify and estimate costs for closings
24. Advise on competitive offers, including appropriate conditions and subjects
25. Prepare offers at client's direction (buyer side)
26. Prepare a legally binding Contract of Purchase and Sale (buyer side)
27. Review Contracts of Purchase and Sale submitted for the seller's consideration
28. Present all offers promptly and objectively
29. Negotiate favourable terms and conditions
30. Assist in arranging suitable financing if necessary
31. Advise client to seek independent advice on matters outside the expertise of the licensee, such as property
inspections, legal, or other required services
32. Assist in removal of conditions, completion and possession process
33. Disclose all fees earned through the transaction
34. Marketing plan - page 2 (not included here ).