THANK YOU FOR YOUR BUSINESS

Thank you to the Professionals: Jocko Toic of the Investors Group, John Mandoli from Coldwell Bankers Kelowna office and Kathy York from the Kelowna Prudential Office.

Thank you to the clients: Shaun Nichols, Derise Siems, Victor Prasad, Kim Roberts and Ric Resch.

Please click here to view photos from the Taste Of Westbank.

Click here to download the Valley Voice - OK Valley Home Inspection's newsletter.

Kieth R. Sutfin
Cell: 250 317 3349
Toll Free: 1 888 575 7784
http://www.okvalleyinspector.ca

Genworth Study Reveals...

There's No Place Like Home

The housing market may have experienced some ups and downs this year, but the spirits of potential first-time homebuyers across Canada remain strong. In our recent First Time Homebuyer Monitor, we found that 84 per cent of those surveyed said that owning a home goes beyond its financial value and feel that homeownership pays off in more ways than one.

The study measured both the financial and psychological factors of homeownership – providing the following insights into the link between homeownership and personal fulfillment:

84 per cent agree with the statement, 'Owning a home provides a greater sense of emotional well-being and security'.
85 per cent believe that even though homeownership may mean more work and effort, they’d rather own than rent.
88 per cent say they would feel more financially secure owning their own home.

The national survey of 2,521 Canadians was conducted between April 24 and May 4. Access Genworth.

Calgary housing market in full recovery mode

CALGARY - Calgary's residential real estate market has turned around dramatically from the doldrums it experienced at the beginning of the year.

In January, sales in both the single-family home and the condominium market had plunged to levels about 50 per cent below the previous year.

Click here to read more.

No guarantee rates will stay low, Carney warns

Paul Vieira, Financial Post

OTTAWA -- Governments will be required to undertake "concerted" and "sharp" efforts to restore fiscal sustainability once a market-led recovery is assured, Bank of Canada governor Mark Carney said Monday.

This will particularly apply to countries with ageing populations and "unsustainable entitlement programs," he said in a speech to the Victoria Chamber of Commerce.

Click here to read more.

Weekly Market Commentary

Materials, IT producers lead TSX 2% lower on the week

Canada's S&P/TSX composite index slipped for the third straight day Friday as downbeat data on U.S. manufacturing and new home construction outweighed new evidence of surging consumer confidence.

Figures released Friday showed activity in U.S. manufacturing remains choppy. The U.S. Commerce Department reported orders for U.S.-made durable goods tumbled 2.4% last month - the steepest decline since January. Most analysts had expected orders to climb as much as 0.7%. Orders for goods meant to last several years rose 4.8% in July.

At the same time, U.S. Commerce Department data showed sales of newly built U.S. homes rose less than expected last month. Sales rose to an annual rate of 429,000, slightly less than the 440,000 mark most analysts had expected... Learn More

This article of intrest was presented By Jocko Toic at the Investors Group. If you would like more one on one information, please feel free to contact him at:

Jocko Toic - CFP FMA CDFA
Investors Group Financial Services
3500 Carrington Road, Suite 102, Westbank BC, V4T 3C1
Ph. 250-869-9636
Email jocko.toic@investorsgroup.com
Success starts with a Sound Plan

Steve's Rates

YourMortgages.ca Premium Rates
Mortgage Term	Our Rates	Standard Rates
Variable Rate	2.25%	3.00%
6 Month Closed	4.75%	4.95%
1 Year Closed	2.65%	3.75%
2 Year Closed	2.85%	4.05%
3 Year Closed	3.40%	4.55%
4 Year Closed	3.74%	5.24%
5 Year Closed	3.89%	5.15%
7 Year Closed	5.05%	5.55%
10 Year Closed	5.15%	6.95%
15 Year Closed	9.05%	0.00%
18 Year Closed	9.05%	0.00%
25 Year Closed	9.15%	0.00%

Rates are subject to change with very little notice and certain conditions may apply to individual mortgage applications, QAC, E&OE

For the best rates call 1-866-993-8787.

Resources

Where Can You Find Me Now

I have been selected and recommended to the following Profesional Links: www.advisorslounge.ca, www.homesandlandbc.com, www.okanagannrg.ca.

Business Supporting Business — Thank You:

Investments
www.thenewwestside.ca

Doc's Golf and Ferrier Golf Academy in Penticton BC
Tel: 250-826-3627

Twice the Fun Games - Al Samson
1783 Ross Road on the Westside
Tel: (250) 769-4346
Fax: (250) 769-4347
www.TwiceTheFunGames.com

Rockworld - Natural and Manufactured Stone , Fireplaces & Stoves, Sales & Installations
Brent Copeland
PH: 250-769-7250

Private Home Sellers
www.privatehomesellers.ca

ROOMS BY ROSELYN
Painting and Design
Roselyn Anderson
PH: 250-469-0899
EMAIL: rosely_anderson@hotmail.com

BENSON SALLOUM WATTS
For residential legal call
Shaun Langin
PH: 250-861-5678
Email: slangin@BensonSalloumWatts.com

Leslie Marton, C-I-R REALTY
Calgary PH:403477-6996
EMAIL: lmarton@cirrealty.ca

Kieth R. Sutfin
OK Valley Home Inspections Ltd.
www.okvalleyinspector.ca
www.snowbirdsecurity.ca
Res/Office: (250) 769-2132 Cell: (250) 317-3349
Toll Free: 1-888-575-7784

Friends Supporting Friends — Thank You:

Krystal Beisick
www.krystalbeisick.com

For Investments check out — www.renascencedevelopments.com
Ask for Lisa Thomas lisa@renascencedevelopments.com

A Quote to Note:

"It is a comfortable feeling to know that you stand on your own ground. Land is about the only thing that can't fly away."
Anthony Trollope

Also a member of the Okanagan Mortgage Lenders Association

Contact

At Prolink Mortgage Inc., I have over 30 lending financial mortgage institutions in Canada with Steve Faux sourcing the best rates and the best products to suit your needs!

Direct Line — 250.768.0535

Direct Fax — 250.768.0510

Email — steve@yourmortgages.ca

www.yourmortgages.ca

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