KalloTeam - "SOLD" Stats

Want to build a NEW HOME? Nicoleta started her career working for a home builder.  Give us a call to share her experience with you!

Welcome to our website!

With 7 years of combined experience in the Calgary Real Estate market, we are pleased to introduce our special offer:

BUY A HOME - THE BUYERS represented by us

receive 15% from our Buyer's Agent commission!*

SELL A HOUSE - We LIST properties for

3.5% (from sale price) flat fee +GST!*

This is total commission (both agents).

 NOTE: We are offering the full market rate to the buyer's brokerage - this way your property exposure will not be affected, full MLS exposure ,VIRTUAL TOUR, web and magazine ads until sold.

*Offer valid only for properties listed by SMART Real Estate Corporation

 after March 20, 2008. NOT intended to solicit any properties already listed

or buyers under contract with other brokerages.

*The offer is available only to buyers who close a purchase of a property and

SMART Real Estate Corporation is acting as their sole and exclusive agent in the purchase.

 The offer is fifteen percent (15%) of the cooperating broker commission actually received by SMART Real Estate Corporation at the transaction closing date, and is payable after receives the commission from the seller's brokerage, net of any GST, allowances or other deductions by SMART Real Estate Corporation related to the transaction. Occasionally, the seller and/or listing broker in a transaction will offer the broker representing the buyer a bonus or other additional incentive over and above the cooperating brokerage commission. Any such bonuses or other additional incentives are separate and apart from the cooperating brokerage commission actually received by SMART

Real Estate Corporation. The buyer is not entitled to any bonus or other additional incentive monies paid to SMART Real Estate Corporation over and above the cooperative broker commission.

 SMART Real Estate Corporation recommends our clients to look for legal or tax advice.

 Offer subject to conditions, limitations, exclusions, modifications and/or discontinuation without notice.

Motivational Quote of the Month:

"If you add passion in what you do, you will succeed!"  by SMART

Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 per cent

OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 3 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 1/4 per cent. Growth in the global economy has weakened, reflecting the effects of a sharp slowdown in the U.S. economy and ongoing dislocations in global financial markets. Growth in the Canadian economy has also moderated as buoyant growth in domestic demand, supported by high employment levels and improved terms of trade, has been substantially offset by the fall in net exports. While both total and core CPI inflation were running at about 1.5 per cent at the end of the first quarter, the underlying trend of inflation is judged to be about 2 per cent, consistent with an economy that was operating just above its production capacity.

The Bank is now projecting a deeper and more protracted slowdown in the U.S. economy. This has direct consequences for the Canadian economic outlook, with declining exports projected to exert a significant drag on growth in 2008. In addition, tightening credit conditions and softening sentiment are expected to moderate business investment and consumer spending. Nevertheless, domestic demand is projected to remain strong, supported by firm commodity prices, high employment levels, and the effect of cumulative easing in monetary policy. The Bank projects that the Canadian economy will grow by 1.4 per cent this year, 2.4 per cent in 2009, and 3.3 per cent in 2010. Consistent with this growth profile, the economy moves into excess supply in the second quarter of 2008, and spare capacity continues to increase through early next year. However, a gradual recovery in the U.S. economy, a return to more normal credit conditions, and accommodative monetary policy should generate above-potential growth and bring the economy back into balance around mid-2010.

The recent price-level adjustments for automobiles and the effect of past changes in indirect taxes will keep measured inflation below target through 2008. The emergence of excess supply in the economy should keep downward pressure on inflation through 2009. Both core and total inflation are projected to move up to 2 per cent in 2010, as the economy moves back into balance. There are both upside and downside risks to the Bank's new projection for inflation; these risks appear to be balanced.

In line with this outlook, some further monetary stimulus will likely be required to achieve the inflation target over the medium term. Given the cumulative reduction in the target for the overnight rate of 150 basis points since December, the timing of any further monetary stimulus will depend on the evolution of the global economy and domestic demand, and their impact on inflation in Canada. A full analysis of economic and financial developments, trends, and risks will be set out in the Bank's Monetary Policy Report, to be published on 24 April 2008.

Information note: The Bank's next scheduled date for announcing the overnight rate target is 10 June 2008.

 ASSUMABLE Properties!

If the BANKS say "NO!",  if you are NEW to Canada, if you are an INVESTOR  or you had some CREDIT issues, this might be the solution for you to own a property. Give us a call and we will try to help you!