Friday, August 28, 2009
Monday, August 24, 2009
Friday, August 14, 2009
House sales in Canada jump in July
Reprinted courtesy of cbcnews.ca
House sales in Canada jump in July
Last Updated: Friday, August 14, 2009 | 11:12 AM ET Comments36Recommend33
CBC News
Canada's resale housing market for July posted the largest year-over-year gain in two years, with Western homebuyers leading the way, according to statistics released Friday by The Canadian Real Estate Association.
For the first time on record, sales of existing homes climbed to more than 50,000 units for July.
A total of 50,270 homes were sold last month via the Multiple Listing Service of Canadian real estate boards. This is up 18.2 per cent from the same month last year, and 3.9 per cent above the previous record for July that was set in 2007.
"The difference in the resale housing market now, compared to the beginning of the year, is night and day, and nowhere is this more evident than in the West," association president Dale Ripplinger said in a release.
"Homebuyers recognize that interest rates and prices have bottomed out, and are taking advantage of excellent affordability before prices and interest rates move higher."
Resale numbers for July were up from the same month last year in about 60 per cent of local markets.
The association said year-over-year gains in these cities contributed most to the national increase in activity:
- Toronto (28 per cent).
- Vancouver (90 per cent).
- Montreal (19 per cent).
- Calgary (22 per cent).
- Edmonton (28 per cent).
Demand is rebounding sharply in some of Canada's priciest housing markets, skewing the national average price upward, with the average price rising 7.6 per cent from one year ago to $326,832.
Saturday, August 8, 2009
Meet Laura Barker.....
Please help us welcome Laura Barker, officially, to our team in Woodstock. Laura is available at extension #485 or at laura@laurabarker.ca.
From her horse farm in the Norwich/Scotland area, Laura comes to us with a love for Ontario community and farm living. Laura's Client-First philosophy has always been her approach to doing business in her prior careers in Construction Project and Sales Management. You may have met Laura on the roof of the County of Oxford Administration Building while demonstrating green roof technologies in her prior career as Sales Manager for a local green roof company. Green building technologies and environmentally conscious living are two things Laura never tires of promoting. Laura brings a wealth of experience and a reputation for thoroughness and excellence to her new real estate business.
Laura supports the RE/MAX a-b Realty Ltd., Brokerage's commitment to the Children's Miracle Network and the Canadian Breast Cancer Foundation as well as many other charities that are important to her. Laura has already graduated from the Brian Buffini "100 Days to Excellence" program and the RE/MAX developed "Succeed" Program. Both programs will enable Laura to immediately provide her clients with the quality of service expected by those who choose RE/MAX.
Monday, June 22, 2009
Come Fly with me!!!
Ben Sage, Sales Representative for RE/MAX a-b Realty Ltd. Brokerage invites you to take a ride in the RE/MAX balloon on Friday, July 3rd & Saturday, July 4th from 5pm to 8pm. Weather permitting.
The balloon will be tethered and riders will be elevated up over the Woods of Sally Creek.
We are expecting to see amazing views of the Sally Creek Golf Course, other area features and the Claysam Homes development.
Background music provided by the Sally Creek Folk Festival (scheduled the same weekend).
The balloon will launch at the community park on Lakeview Drive (west from Highway #59 north of the City) and rides will be provided on a first come-first serve basis.
Come by and say hi!!
The balloon will be tethered and riders will be elevated up over the Woods of Sally Creek.
We are expecting to see amazing views of the Sally Creek Golf Course, other area features and the Claysam Homes development.
Background music provided by the Sally Creek Folk Festival (scheduled the same weekend).
The balloon will launch at the community park on Lakeview Drive (west from Highway #59 north of the City) and rides will be provided on a first come-first serve basis.
Come by and say hi!!
Monday, June 15, 2009
Canada's housing market shows more recovery signs: CREA
Reprinted courtesy of CBCNEWS.ca
Canada's housing market showed more signs of a rebound in May, with the national average residential price reaching its highest monthly level on record, the Canada Real Estate Association said Monday.
Driven by price gains in some of the most expensive markets in the country, the national average resale price rose to $319,757, up 0.4 per cent from the previous record set in May 2008.
CREA said that over the past four months, the national residential average price has recovered 16.4 per cent from the low in January.
New record high prices were also seen in Saskatchewan, Ontario, Quebec, New Brunswick, and Nova Scotia.
“Fueled by a string of monthly increases in activity, the number of transactions in May reached the highest point since July 2008,” said CREA chief economist Gregory Klump.
“Inventory levels are still high in many markets, but fewer new listings and rising sales activity suggests that the selection of homes available for sale may shrink as the year progresses," Klump said.
The supply of homes up for sale needs to be drawn down further before average price increases become more widespread among local markets.”
On a seasonally adjusted basis, home sales rose eight per cent to 37,649 units in May from April.
"This marks the fourth consecutive monthly increase in seasonally adjusted activity," CREA said. "Seasonally adjusted activity in May was 43 per cent above where it stood in January 2009."
BMO Capital Markets economist Douglas Porter said low borrowing costs, more affordable prices in many markets and some pent-up demand after the slow fall and winter period have given support to the market.
"However, even with these positives, further gains will be much tougher to come by, especially with employment continuing to sag," Porter said. "The housing market is not about to go off to the races, even if it has been pulled back from the brink."
Canada's housing market showed more signs of a rebound in May, with the national average residential price reaching its highest monthly level on record, the Canada Real Estate Association said Monday.
Driven by price gains in some of the most expensive markets in the country, the national average resale price rose to $319,757, up 0.4 per cent from the previous record set in May 2008.
CREA said that over the past four months, the national residential average price has recovered 16.4 per cent from the low in January.
New record high prices were also seen in Saskatchewan, Ontario, Quebec, New Brunswick, and Nova Scotia.
“Fueled by a string of monthly increases in activity, the number of transactions in May reached the highest point since July 2008,” said CREA chief economist Gregory Klump.
“Inventory levels are still high in many markets, but fewer new listings and rising sales activity suggests that the selection of homes available for sale may shrink as the year progresses," Klump said.
The supply of homes up for sale needs to be drawn down further before average price increases become more widespread among local markets.”
On a seasonally adjusted basis, home sales rose eight per cent to 37,649 units in May from April.
"This marks the fourth consecutive monthly increase in seasonally adjusted activity," CREA said. "Seasonally adjusted activity in May was 43 per cent above where it stood in January 2009."
BMO Capital Markets economist Douglas Porter said low borrowing costs, more affordable prices in many markets and some pent-up demand after the slow fall and winter period have given support to the market.
"However, even with these positives, further gains will be much tougher to come by, especially with employment continuing to sag," Porter said. "The housing market is not about to go off to the races, even if it has been pulled back from the brink."
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