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GARRY GREWAL
N EED A M ORTGAGE ?
KEN DHILLON CONSTRUCTION MORTGAGE SPECIALIST
No fee construction mortgage Upto 80% Financing Construction Mortgage @ Prime + 1% Transfer your mortgage to RBC (no legal fees or appraisal fees)
FAST DEPENDABLE SERVICE
604-614-3400
For More Information Please Contact
Sutton Group Medallion Realty 7832 - 120 St., Surrey, BC V3W 3N2 Ph: 604.572.1211 Fax: 604.572.3216
KEN DHILLON @
604-377-9015
Commercial Medallion Club Memeber
Fax: 604-535-3017 Email: ken.dhillon@rbc.com
Vol. 5 No. 37 - Saturday - April 18, 2015
Tel: 604-591-5423
- E-mail: ads@theasianstar.com
Professional and Award Winning Service
House prices rise in Spring selling season
C
anadian resale home prices were up 4.7 per cent across Canada in March, according to Teranet, with only two cities – Winnipeg and Ottawa-Gatineau — reporting a drop in prices compared to March 2014. The Teranet housing index showed
prices rose an average of 0.3 per cent in the month, with eight of the 11 metropolitan areas surveyed marking rising prices. The figures mark the strong beginning to the spring house-buying sea-
son, with the months between March and May traditionally seeing the largest number of home sales. This spring consumers are benefiting from low mortgage rates and competition for the mortgage business. Last week, Meridien, Ontario’s largest credit uniton, offered an 18-month fixed term mortgage rate of 1.49 per cent, the lowest in living memory. Variable rate mortgages start at around 1.95 per cent, according to RateSpy At the end of March, BMO dropped its fixed five-year rate to 2.79 per cent, prompting TD Bank to match those terms and kicking off a rate war among the big banks. Cheaper mortgages But cheaper mortgages may be helping to boost home prices, especially in markets with tight supply such as Toronto, Vancouver and Hamil-
ton, which lead in year over year price rises for resale homes. In Hamilton, prices were up 8.4 per cent, in Toronto, 7.6 per cent, and in Vancouver, 5.3 per cent. Even Calgary house prices are 4.4 per cent higher than a year ago and up 0.2 per cent on the month, despite layoffs in the oil patch which had driven prices down earlier in the year. However, price acceleration in Calgary has decelerated from the nine per cent average seen last year.
City Annual increase Month to month
Halifax 1.1% Quebec 1.5% Montreal 0.2% Toronto 7.6% Hamilton 8.4% Ottawa-Gatineau -0.9% Winnipeg -1.0% Edmonton 4.7% Calgary 4.4% Vancouver 5.3% Victoria 3.3%
1.2% 1.5% 0.7% 0.3% -0.3% -0.3% 0.2% 0.4% 0.2% 0.3% -0.3%
More
declines
ahead
TD Bank analyst Admir Kolaj said the deceleration in home price growth seen in the last four months has ebbed, in part because of lower rates. But he expects prices will continue to moderate later in the year. “While price growth in Calgary and Edmonton have remained in positive territory, we still expect home prices in commodity-dependent housing markets such as Alberta, Saskatchewan and Newfoundland and Labrador to decline by three to severn per cent over the course of 2015,” he said in a note to investors. Meanwhile, prices in Ontario and British Columbia should stay strong, he said. The wild card is what the Bank of Canada does with interest rates — if there is another rate cut, that could mean even lower mortgage rates and even more Canadians rushing to get into the market while mortgages are cheap.
2 L Saturday - April 18, 2015
REAL ESTATE / FINANCE Finding A New House, Starts With Finding The Right Realtor.
PRITPAL GILL Cell:604-726-8410 ppalgill@hotmail.com LISTINGS WANTED!!
7832 - 120th St. Surrey, SUTTON GROUP - MEDALLION REALTY An Independent Member Broker B.C. Canada V3W 3N2 Bus: 604-572-1211 Fax: 604-572-3216
www.sutton.com/realtor/pritpalg
LOTS FOR SALE
HOUSE FOR SALE 6240 148TH ST, Surrey
Truly delightful only 4 years young 3 level 2852 SF house sits on rectangular 3534 SF lot in the heart of Sullivan Heights with easy access to all major routes. House has 4 bedrooms upstairs with 1 registered unauthorized 2 bedroom rented suite in the basement with theater room for upstairs use. House is custom designed & finished with top quality work. Close to schools, shopping, recreation & golf course. Seller is definitely motivated. Priced to sell. A must see inside. Call now to book your private showing. Asking $571,900
SOLD SOLD
SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD
3,058 SqFt To 4,000 SqFt ZONE RF-9 & RF-12
SOLD
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BUILD YOUR 3 LEVEL CUSTOM HOME
LOTS FOR SALE 13 LOTS AVAILABLE Average Size From 4,365 SqFt to 4,974 SqFt Start From $399,900
ZONE RF-12 SUITABLE FOR 3 LEVEL HOME LOTS FOR SALE IN SURREY RF level Lots, ready to build,3 level house in Cedar Hills, Surrey. Very close to both level of schools. 2 Lots 17,000 Sqft. Less tress. Call Now
I have a qualified buyer for Commercial Plaza on Scott Road. Call me now @ 604-726-8410
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6 L Saturday - April March18, 21,2015 2015
FOOD FOOD
Chana - Puri Ingredients Split Bengal gram (chana dal) soaked 3/4 cup Ginger 1 inch piece Garlic 2-3 cloves Salt to taste Coriander powder 1 tablespoon Cumin powder 1 tablespoon Red chilli powder 1 teaspoon Turmeric powder 1/4 teaspoon Dry mango powder (amchur) 1/4 teaspoon Cumin seeds 1 tablespoon Dried pomegranate seeds (anardana) 1/2 tablespoon Oil 1 1/2 tablespoons Green chillies slit 2 Tomato quartered 1 medium Garam masala powder 1/2 teaspoon
and dried mango powders. Step 3 Dry roast the cumin seeds and dried pomegranate seeds separately. Cool and grind them together to a powder. Heat one tablespoon of oil in a non-stick kadai. Add the green chillies and gingergarlic paste. Stir-fry briefly. Step 4 Add the mixed spice powder and stirfry for half a minute. Stir in quarter cup of the reserved cooking liqueur and cook for two minutes. Step 5 Add the cooked grams,
salt, half a cup of the reserved cooking liqueur and cook on high heat for three to four minutes, stirring occasionally. Step 6 Top it with the tomato, sprinkle garam masala powder, roasted pomegranate seed-cumin powder. Heat the remaining oil and pour over the prepared grams. Stir well and adjust the seasoning. Step 7 For puris, knead the flour and semolina with salt and enough water to a semi soft dough. Cover with a damp cloth and rest for half an hour. Step 8 Divide into twelve equal portions and
Puris Whole wheat flour (atta) 1 cup Semolina (rawa/suji) 2 tablespoons Salt to taste
Oil
to deep fry Method Step 1 Pound the ginger and garlic to a fine paste. Drain the split Bengal gram, add two and half cups of water and salt and cook till done. Step 2 Drain and reserve the cooking liqueur. Mix together the coriander, cumin, red chilli, turmeric
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roll out each portion into a puri. Heat oil in a non-stick kadai and deep fry the puris on medium heat till golden. Step 9 Drain on absorbent paper. Serve hot with the chana.
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What you smell.
What your guests smell.
Has your nose gone curryblind? Febreze eliminates the smells of kal ka khana and leaves a light,fresh smell.
Š 2015 P&G
8 L Saturday - April 18, 2015
OPEN HOUSE SUNDAY 3-5