andrew: Does the USA Housing market need a shot of Viagra?
- 10/29/06 06:07 PM
Are you experiencing an up or down market? Our market seems to be more balanced in our market area. I have spoke with a few realtors and brokers in the states and this wasn't the case. Record drop for U.S. home prices Sales of existing homes fall for sixth straight month Wednesday, October 25, 2006 U.S. home prices posted their biggest drop on record in September while sales fell for the sixth month in a row, a real estate group said today.The U.S. National Association of Realtors said sales of existing homes fell to an annual pace of 6.18 million last month from 6.3 … (1 comments)
andrew: Canada's major markets are becoming more balanced
- 10/19/06 10:45 AM
Solid third quarter for MLS® home salesCanada’s major markets are becoming more balancedExisting home sales activity in Canada’s major markets remained solid in the third quarter of 2006, according to statistics released by The Canadian Real Estate Association. The housing market continues to become more balanced, which is resulting in smaller price increases. Year-to-date sales activity remains slightly ahead of levels recorded for the first nine months of last year, and is on track to set a new annual record in 2006. Seasonally adjusted home sales activity via the Multiple Listing Service ® (MLS ®) in Canada’s major markets totaled 82,119 units … (0 comments)
andrew: 50 Year Amortizations .... What do you think of this?
- 10/18/06 07:38 PM
New mortgage insurer enters Canadian marketAIG CEO suggests 50-year mortgages on the wayAIG United Guaranty became the third company to provide mortgage insurance in Canada in mid-October. Canada Mortgage and Housing Corp. currently handles 70 per cent of the mortgage insurance market in Canada, while private insurer Genworth Financial Canada covers the remaining 30 per cent. Two additional companies are expected to enter the market in 2007. “We have seen significant activity in the Canadian mortgage insurance industry over the past six months in anticipation of increased competition,” said AIG United Guaranty President and CEO Andy Charles. Included in AIG United … (0 comments)
andrew: Bank of Canada holds central rate steady
- 10/18/06 07:28 PM
Bank of Canada holds central rate steadyInterest rates on hold indefinitelyThe Bank of Canada held its benchmark overnight lending rate steady at 4.25 per cent on October 17th. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 4.5 per cent. CREA expects interest rates to remain on hold over the rest of the year. The rate was raised seven times by 0.25 per cent from September 2005 until it was put on hold in July 2006. “The current level of the target for the overnight rate is judged at this time to be … (0 comments)
andrew: Referral Network amongst Realtors
- 10/18/06 06:36 AM
A bulk of our business is from referral sources. I would like to find out if there is any realtors and brokers that would like to work together when referring opportunities present itself. We are experiencing a lot of new purchases in the Victoria MArket from non Victoria residents. People from across Canada, USA and other parts of the world are looking at Victoria as a prime real estate market. Let me know if this would interest you. … (4 comments)
andrew: Victoria Realtors Applaud New Housing Strategy - October 2006
- 10/18/06 06:28 AM
VICTORIA AREA REALTORS® APPLAUD NEW STRATEGY FOR HOUSING News Release - October 2006 Victoria area REALTORS® are applauding the new strategy for housing unveiled today by provincial housing minister Rich Coleman. "The strategy helps those people most in need and will likely have a minimal impact on the private sector housing market,"said Scott Kendrew, president of the Victoria Real Estate Board.Kendrew was one of a number of invited guests at today's news conference where Minister Coleman announced the new $63 million housing package of rent supplements, new supportive housing for the Premier’s Homeless Initiative and new assisted living units under the Independent Living … (0 comments)
andrew: Victoria Real Estate Market - October 2006
- 10/17/06 04:21 AM
Move Toward More Balanced Market Continues October 2, 2006 The Victoria area real estate market continued the move toward a more balanced market last month with more properties becoming available for sale, prices remaining strong and sales moderating slightly. The number of homes and other properties listed through the Victoria Real Estate Board's Multiple Listing Service® (MLS®) increased to 3,449 last month - up from 3,345 in August and up 42% compared to September of last year. There were 593 sales in September, down from 694 sales in August. There were 714 sales in September of last year. Victoria Real Estate … (4 comments)
Are you experiencing an up or down market? Our market seems to be more balanced in our market area. I have spoke with a few realtors and brokers in the states and this wasn't the case. ;)
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