Real estate blog entries tagged with stony plain by Norm & Lisa Racine (Realty Executives Leading)

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stony plain: Strong dollar had affect on Real Estate Market - 01/28/08 12:33 PM

Four years ago an American could purchase a newer 1700 sq.ft. 2 storey house in Edmonton for $130,000 USD, $200,000 CDN. Today, the same home is $475,000 with either currency. This obviously has an impact on real estate demand. For this to happen over such a short period of time has … (0 comments)

stony plain: Are opinions really a dime a dozen? - 01/24/08 07:04 PM

They say opinions are like belly buttons...everybody has one. When it comes to real estate forecasts you could probably get a dozen for a nickel. The kind that really bother me the most come from non-industry armchair quarterbacks. I've seen investors abandon the very market that has enabled them to retire … (0 comments)

stony plain: Could U.S. subprime meltdown happen in Canada? - 01/23/08 04:03 PM

Put simply, yes and no. We have mortgage insurance in Canada, and this is law. American regulators put very few limitations on who can borrow mortgages. It is significantly more difficult to obtain a mortgage in Canada however, if our real estate value drops for any reason, (including economic meltdowns elsewhere) … (0 comments)

stony plain: Realtors give back - 01/22/08 02:37 PM

We wrapped up our annual Realty Executives Polar Bear Dip this weekend. We raised $19,000 for the Food Bank. Thank you to every realtor who took the plunge in 6C water at the Royal Glenora Club. Thank you to every donor, Edmonton is a warmer place because of you all. Being … (0 comments)

stony plain: Where have all the buyers gone? - 01/21/08 08:59 PM

Well actually they never really left. We are selling just as many properties on a month to month basis as anytime over the past couple of years. The problem is, we have four times the inventory as we had last spring, meaning 75% of the listed properties since spring '07 did … (1 comments)

stony plain: Investors should strike while iron is hot - 01/21/08 06:50 PM

We are all aware of the term "buy low and sell high". We are in a buyers market and the prices are as low as will ever be again. Some sellers are accepting $30,000 or more under their asking price. If the market value of the property is in line, that … (0 comments)

stony plain: Jobs galore will help spike market - 01/21/08 12:35 PM

It was announced this week, three international oil industry giants will move full speed ahead in northern Alberta oil sands development despite rising costs and increased royalties. Wasn't it reported a few months ago the royalties were going to destroy the oil sands? Total E&P Canada (H.O. France) will spend $10-$15 … (2 comments)

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