Good News for the Annapolis Valley Real Estate Market

It is winter time in the Beautiful Annapolis Valley and this past week or so we’ve had lots of snow and reasons to celebrate with family and friends. With the shorter and colder days, we all look forward to getting home to a cooked meal, the following recipe takes minutes to prepare in the morning, add some veggies and a loaf of crusty bread and maybe a salad-you’ll be hoping there is leftovers for tomorrows lunch!

Awesome Slow Cooker Pot Roast

Ingredients

  • 2 (10.75 ounce) cans condensed cream of mushroom soup
  • 1 (1 ounce) package dry onion soup mix
  • 1 1/4 cups water
  • 5 1/2 (approx)pounds pot roast

Directions

In a slow cooker, mix cream of mushroom soup, dry onion soup mix and water. Place pot roast in slow cooker and coat with soup mixture.

Cook on High setting for 3 to 4 hours, or on Low setting for 8 to 9 hours.

 

Now The Good News for our Real Estate Market.

The following is a report from the Canadian Real Estate Association

Atlantic region
Consumer sentiment rebounded above pre-recession levels in the third quarter of 2009. Consumer confidence rose for the third consecutive quarter, according to the Conference Board of Canada’s index of consumer confidence for the region.

Consumer confidence levels held steady in October compared to the previous month, remaining above where they stood in the second quarter of 2008.

Sentiment about making major purchases, such as a home or a car, continued to improve in the third quarter. The balance of sentiment entered positive territory for the first time since the first quarter of 2008, building on increases from the previous two quarters.

The balance of opinion regarding major purchases as of October 2009 was down slightly from September, but remained positive for the second consecutive month.

A positive balance of sentiment means more survey respondents said it was a good time to buy a big-ticket item, such as a home or car, than said it was a bad time to do so. This indicator is an important factor underlying the housing market.

After improving for the third consecutive quarter, sentiment about job growth prospects was just shy of entering positive territory in the third quarter of 2009.

By contrast, sentiment about the outlook for household budgets over the next six months was down in the third quarter compared to the previous quarter, but remained in positive territory for the third consecutive quarter.

(CREA 10/10/09)

Average prices are forecast to climb a further 4.7 per cent in 2010. Much of the annual increase reflects weakness in the average price in first quarter of 2009, which is not expected to repeat in 2010. Average sale prices are forecast to rise in every province in 2010.

The price trend is similar but less dramatic for the weighted national MLS® average price, which compensates for changes in provincial sales activity by taking into account provincial proportions of privately owned housing stock. The weighted national MLS® average price is forecast to climb 2.9 per cent in 2009, with a further 4.0 per cent rise in 2010. CREA previously forecast that the weighted national average price for MLS® homes sales would hold steady from 2009 to 2010.

“Pent-up demand built in late 2008 and early 2009, as many buyers moved to the sidelines pending an improved economic outlook,” said CREA President Dale Ripplinger. “With the economic outlook having improved since then, the release of that pent-up demand will boost activity over the rest of the year and in 2010.”

“Significant weakness in activity and average prices seen in late 2008 and earlier this year is not expected to repeat in 2010, so 2010 will look a lot better by comparison,” said CREA Chief Economist Gregory Klump. “The raised outlook for MLS® sales activity in 2010 still puts annual activity below the pre-recession peak recorded for 2007.”

For the complete release:

http://www.crea.ca/public/news_stats/pdfs/mlsForecast_nov09.pdf

For information concerning your Real Estate requirements please feel free to give me a call.

Linda A. Schofield

“putting experience to work for you”

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