Consumer Confidence - 12/22/08 03:28 PM
What is it, and why should you pay attention to it? It's an indicator of confidence in the current economy, driven down recently by concerns about people's personal financial circumstance and their jobs. According to the most recent report, it has fallen by 3.3 points, the third straight decline, and is now at it's lowest level in 26 years at 67.7. This should improve next month as the stimulus package promised by Prime Minister Stephen Harper in the January 27th budget is unveiled.
It's not all doom and gloom though, as according to the news release on the Conference Board of … (0 comments)

Risky Mortgages - 12/22/08 09:50 AM
Interesting news filtering in this morning, that CMHC had been warned about the burden it was placing on borrowers of home loans with minimal downpayment and long term amortization, and it's potential effect on the current economic crunch.  In February 2006, U.S. based insurance companies were allowed to insure mortgages in Canada, and this competition for market share saw the introduction of mortgage products beyond the traditional 25 year Amortizaton, and 25% Downpayment.  CMHC said the introduction of the new mortgage products "reflected the market trends for the period". Interesting indeed.
Are you ready 2 move?  Send an email to szabolcs.pall@century21.ca
… (0 comments)

What, me worry? - 12/22/08 09:47 AM
Finance Minister Jim Flaherty has recently said, that panicking in the face of this global economic crisis could prove tragic for Canada's own economy. I think it should also be stated, that some of the frightning headlines we are seeing in the news today, have been kicking around for about a year now. And even longer in the U.S and the U.K. So while the financial bailout of the U.S. automakers has recently collapsed (and GM considers bankruptcy), according to Mr. Flaherty "Canada is better positioned to cope with the global economic crisis than other countries, including the U.S." Things are … (1 comments)

How's the market? - 12/02/08 11:27 AM
How's the market?  It's the one question we seem to be hearing over and over again.  The market can typically fluctuate within three types of market conditions:
1. Seller's Market
2. Buyer's Market
3. Normal or Balanced Market
And a good indicator of market conditions is to interpret the number of months of listing inventory.  This is arrived by taking the total number of listings on the market, and divide that by the average number of sales per month.
This will give you the number of months of inventory.  4-6 months is a Seller's Market, 6-8 months indicates Balanced and 8-10 … (2 comments)

 
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Szabolcs Pall

Ottawa, ON

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CENTURY 21 Capital Realty Inc., Brokerage

Address: 851 Richmond St., Ottawa, ON, K2A 3X2

Office Phone: (613) 564-0021

Cell Phone: (613) 327-2521

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