newfoundland real estate: Canadian housing markets buck recession and trend upwards, says RE/MAX
- 09/24/09 01:29 PM
With the worst of the recession over, residential real estate markets in major Canadian centres are poised for growth in the final quarter of 2009, according to a report released today by RE/MAX. The RE/MAX Bricks and Mortar Report found the bounce back that began in early Spring has made this recession one of the shortest on record for real estate. Low interest rates, pent-up demand, and improved affordability levels have all played a role in the recovery now well underway. Percentage increases in sales from January to August 2009 were led by Vancouver, (up a substantial 14 per cent to … (2 comments)
newfoundland real estate: Hebron: the After Effect
- 09/08/08 06:29 AM
Well, it's almost a week since the big Hebron deal was signed. Lots of talk, hype and rumors about the real estate market has surfaced. I've "heard" houses being jacked up 40k to 50k the day after and keep getting questions from my past clients....are they true? Remember the quote, "Believe half of what you see and none of what you hear." There have been a fair number of listings this past week. None to me seem 40 to 50k over where they should be. Does this mean that people will not be cashing in on the positive news? Of course … (0 comments)
newfoundland real estate: Herbon a GO for Newfoundland
- 08/20/08 04:47 AM
Worth potentially 20 billion dollars to Newfoundland over the next 20 years and over 3000 jobs to be had. Today Danny Williams unveiled the Hebron deal in a live news conference at the Fairmont Hotel in St. John's. Start of construction is aimed for 2012 with oil projected to flow in 2017.
So far this year St. John’s Real Estate has jumped about 20% with a projected 15% increase in 2009. In the beginning of the year CHMC went on record saying 7 - 8% increase in housing prices while Remax was deemed highly optimistic with their 12% projection for … (1 comments)
newfoundland real estate: Newfoundland Real Estate....firing on all cylinders
- 12/19/07 12:28 PM
The Globe and Mail printed an article on December 17, describing the recent boom in the Newfoundland Real Estate market. Dubbed “The Danny Williams Effect” after the recent Hebron offshore oil project, homes in St. John’s and surrounding areas (including Mount Pearl, Paradise, CBS, and Torbay) surged 68% from October to November. While it hasn’t been classified as a sellers market yet, the activity noticed from reduced inventory, multiple offers on homes and at times over asking prices in recent weeks, are clearly pointing in this direction. Inventory is down with pre-existing homes which leads buyers to the decision of building. … (2 comments)
Moving to St. John's Newfoundland? Looking for a great city to buy affordable investment properties? Call Fraser and Stephen Winters - Remax Realtors Today!
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