CMHC news release today.
The seasonally adjusted annual rate1 of housing starts increased to 128,400 units in May from 117,600 units in April, according to Canada Mortgage and Housing Corporation (CMHC).
"The increase in May is broadly based, encompassing both the singles and multiples segments," said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre.
Housing starts are expected ...
Posted by Patrick Galesloot
on June 8, 2009
Latest headlines are still about Chrysler and GM, still talking about the deficit spending and the "bad" economy, still talking about politics etc... Now let's talk real estate. Sales for May 2009 increased from April, and overall it was a busy month. There was a total of 197 MLS® sales in the city of Red Deer for May 2009. This was up from the 178 reported in April, an increase ...
Posted by Patrick Galesloot
on June 5, 2009
Last week in real estate was a busy week. Sales increased, pending sales increased, and new listings slowed down just a bit. It ads up to a good week.
Overall sales numbers continue the April trend that saw us mirror the sales results of 2006. With interest rates continued to be fore-casted at record lows, and oil prices steadily climbing, the so called spring fling market blip is turning out ...
Posted by Patrick Galesloot
on May 26, 2009
Days on Market is a measure of sales typically an average number. A better measure may be the "median" rather than an "average". The average DOM for April sales was 44 days while the median DOM for April was 40 days. An indicator that buyer's are looking and buying at those listings that are "fresh" on the market. On the Red Deer MLS® system we have our housing data sorted ...
Posted by Patrick Galesloot
on May 17, 2009
One of the more frequently asked questions I and my peers receive is "How long has it been on the market?", and another is "how long will it take to sell my home?". Both questions essentially centered around "days on market" (DOM). Days on Market (DOM) is reported on sold properties, and not often calculated on active properties. The days on market for active properties can be influenced ...
Posted by Patrick Galesloot
on May 16, 2009
Just in time for the long weekend, Stats.
As you can see, the market is looking up. All in all there has been lots of activity. Busy open houses, and lots of buyers taking advantage of the record low interest rates. The spring like conditions are also bringing more would be sellers to market. New listings increased by 31% form the week before, while sales increased 16%. ...
Posted by Patrick Galesloot
on May 13, 2009
Welcome to May! April is always a mixed bag when it comes to weather. We had snow, followed by double digits and temps into low 20's for a brief period, then frigid snow again. We were up and out BBQing, then hunkered down while the chill was in the air. Interest rates mean while remained low, and dropped slightly. Happy home buyers can now lock in for under 4% with rates ...
Posted by Patrick Galesloot
on May 3, 2009
What a gorgeous day it was to be outside for our inaugural "Shredathon".
The shredding event we dubbed "Shredathon" is a new concept in Red Deer and area for the most part. The response was well received by those that attended.
The shredding was free courtesy of Merlin Shredding, and co sponsored by us, Cenutury 21 Advantage. All that we asked was you bring your shredding to us, ...
Posted by Patrick Galesloot
on May 2, 2009
What is a "Shredathon"?
I'm not sure, I actually made up the word to convey an event where you can bring your old files from home and shred them safe and secure.
The event is this Saturday at 9 am and runs until 3:00 pm at Parkland Mall. Look for the Merlin Shredding Truck in the west parking lot in front of Staples and Safeway.
Spring clean your home office with ...
Posted by Patrick Galesloot
on April 29, 2009
We were invited to attend the Chairman's Circle for Century 21 Canada this year. This invitation only conference is for the top 30 offices in Canada. Century 21 Advantage was number 12 for sales production in the Century 21 Canada ranks.
Luckily for us it was held in beautiful Fort Lauderdale Florida at The Atlantic Hotel.
The agenda consisted of marketing in today's online ...
Posted by Patrick Galesloot
on April 29, 2009