After a brutal downturn, Canada's economy eked out growth of 0.1 per cent in June – the first monthly increase in the gross domestic product since July, 2008. Economists took this as a sign that the economy is finally turning the corner, but cautioned that the recovery is fragile.
One month of growth certainly does not by itself herald an end to the recession but there are plenty of indications ...
Posted by Constantine Isslamow
on August 31, 2009
Tip #19
PRESENTING AND NEGOTIATING THE OFFER
Let’s set the stage:
You’ve written the offer and it’s time to present it to the sellers. Do you simply fax it over to the listing agent and await their response?
Let me ask you this, is that truly representing the buyer? Of course not.
Call the listing agent and let them know you would like to personally present the offer.
Here ...
Posted by Constantine Isslamow
on August 29, 2009
Tip 20
LISTING STRATEGIES (1)
Why do we want take more listings? Think of the following benefits.
Schedule Management: You can work with a buyer for hours, days and even months, and never get a sale. When you are working with buyers, you are working for all the other Sales Representatives in your marketplace trying to sell their listings. When you work with sellers, all ...
Posted by Constantine Isslamow
on August 29, 2009
New U.S. home sales surged 9.6 per cent in July, rising for the fourth straight month and beating expectations as the housing market marches steadily back from its historic downturn.
The Commerce Department said Wednesday that sales rose to a seasonally adjusted annual rate of 433,000 from an upwardly revised June rate of 395,000. Sales are now up more than 30 per cent from the bottom in January, ...
Posted by Constantine Isslamow
on August 26, 2009
TORONTO -- Prices for repeat sales of Canadian homes climbed for a second straight month in June on gains in four of six metropolitan areas, including Vancouver, a report on Wednesday showed.
The Teranet-National Bank National Composite House Price Index, which measures the rate of change of prices for repeat sales of single-family homes in six metropolitan areas, rose 1.5% in June.
"The turnaround ...
Posted by Constantine Isslamow
on August 26, 2009
OTTAWA -- Despite growing confidence that economic growth is in the offing, monetary policy around the world is likely to remain "ultra-accommodative," perhaps until 2011, as doubt remains as to whether or not the growth expected this quarter is sustainable, analysts say.
That is the view emerging following the weekend gathering of the world's leading central bankers in Jackson Hole, Wyo., highlighted ...
Posted by Constantine Isslamow
on August 25, 2009
Tip #18
PREPARING THE OFFER
It’s typical of the real estate industry, everyone wants to submit a lowball offer. Your first step is to bring buyers to the reality of your current marketplace. How do you do this?
Is it a buyers market or is it a sellers market?
Additionally, your other responsibility is to negotiate in the best interest of your buyer. Keep in mind, negotiating ...
Posted by Constantine Isslamow
on August 21, 2009
Canada's annual inflation rate hit a 56-year-low in July, when prices fell by 0.9 percent from a year earlier on sharply lower energy prices, Statistics Canada said on Wednesday.
Analysts had on average expected an annual decline of 0.8 percent. July's figure -- the lowest since the 1.4 percent drop recorded in July 1953 -- is far weaker than the Bank of Canada's target range of around 2 percent ...
Posted by Constantine Isslamow
on August 19, 2009
SALES ACTIVITY:
PROPERTY TYPE
July 2009
July 2008
+ / - %
Residential
270
234
+13.3%
Cottages/Waterfront
34
26
+30.7%
Farms
5
6
-16.7%
Vacant Land
18
14
+28.6%
Income/Commercial
7
7
0.0%
Total
334
287
+16.4%
I hope you find ...
Posted by Constantine Isslamow
on August 18, 2009
Nationwide Building Permits - June 2008
Residential
$2,682,375,000
Commercial
$2,506,480,000
Total
$5,188,855,000
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Source: Stats Canada - preliminary figures
Posted by Constantine Isslamow
on August 15, 2009