MACBULK - It's a New Day!
Dear Craig Rushton,
We were all witness to an amazing historic event yesterday, the most exciting presidential inauguration since JFK! The unbridled optimism that is present in the United Stated is truly inspiring and when combined with the measures that the government is providing to stimulate the economy, it's hard to believe that things will do anything but improve!
The Bank of Canada (BoC) lowered its policy interest rate yet again! Overnight interest rate lowered from 1.50% to 1.00%! This all-time low interest rate is just another reason to buy real estate now! An extremely low interest rate, combined with the MACBULK opportunity to purchase prime, discounted real estate has made home ownership in the lower mainland attainable!
The dropping interest rate will have an immediate effect on variable rate mortgages as they will adjust accordingly. In terms of fixed rate mortgages they are typically driven by the bond market so it will be a couple of days at least before we know exactly how the drop will affect the Fixed Rate mortgage products, but the belief is that there will be some relief offered, although probably not the full ½ point.
After my e-mail yesterday, I received some feedback and questions that I thought I would clarify:
1. We are NOT sold out at every project! The only site that has been offered for sale and sold out is Flo, in Richmond. There are still fantastic opportunities to be had! The best thing you can do is visit the site you are interested in, take a tour and find out which homes suit you best!
2. The Suter Brook, Port Moody "Equal Opportunity Sales Event" is happening today! From 9am to 3pm we will be honouring our pre-arranged reservations. Starting at 5pm our doors will open to anyone without a reservation! If you don't have a reservation or today is your first time visiting the Presentation Centre do not be discouraged! Please join us and for best selection, arrive early!
We are still hosting tours of several other projects while we gear up to their individual Sales Events. Today, the following Presentation Centres will be open from 10am - 7pm:
New Westminster - The Grove, Victoria Hill and The Point - 604-523-9393
Port Coquitlam - Verde & South Verde - 604-468-8640
We are experiencing tremendous interest and we thank you in advance for your patience. More information on the developments listed above can be found online at www.onni.com/communities.html.
For any inquires regarding our other MACBULK developments please speak with the Call Centre at 1-800-301-1010.
Sincerely yours,
Cam Good
