Seasons Greetings and Happy Holidays!

I would like to wish you and your family all the best during the holidays and a very happy and successful 2009!

Joe Malek

Should a person be selling in this market?

It really depends on your long term goals.

I think prices have to drop 35% from the peak before leveling off for 3 to 5 years because I think this recession will be a long one.

I believe we've been in recession for most of this year and we have at least 2 years to go. I don't expect any increases in RE values before 2013.

This is a perfect time to start buying single family homes.

High priced homes have already corrected 20 to 30% in some cities. Mortgage rates are on the way down again and you should find larger homes more affordable.

If you are ready to buy then simply go to my website http://www.joemalek.com/ to get pre-approved for a "preferred rate" mortgage today.

Bank of Canada Cuts Rate

Canadian economy is entering into a global recession and Bank of Canada cuts interest rate by 0.75% to 1.50% today and they could be cutting by another 0.50% in January.

This is a good news for many but I think it may be too late for many homeowners who already lost their home in foreclosure.

If you are behind on mortgage payments and have available home equity then I may be able to stop your foreclosure fast with private lender money.

Maybe you are not in foreclosure yet but are experiencing financial hardship due to overwhelming credit card bills.

Whatever your situation... go to my website www.joemalek.com and complete on-line application to get started.

Joe Malek, Mortgage Agent