OTTAWA, February 8, 2012 — The seasonally adjusted annual rate1 of housing starts was 197,900 units in January, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 199,900 units in December 2011.
“The slight decrease posted in January was attributable to a decrease in Quebec and in Atlantic Canada”, said Mathieu Laberge, Deputy Chief Economist at CMHC’s ...
Posted by Constantine Isslamow
on February 8, 2012
Peterborough sees little change on the job front as unemployment rate drops by .1% The unemployment rate for the end of January sits at 7.2 per cent, relatively unchanged from last month's rate of 7.3 per cent. The jobs numbers were released Friday morning by Statistics Canada. Peterborough's rate has been steadily improving since reaching highs of 11 per cent in the summer. The rate of 7.2 per cent ...
Posted by Constantine Isslamow
on February 3, 2012
When it comes to commercial real estate sales agency, there will always be opportunity around you regardless of the property market at the time. It all comes down to the focus that you adopt and the momentum and systems to support your progress.
When you consistently speak to more people in the property market, your database will grow and that creates opportunity.
Essentially the people to ...
Posted by Constantine Isslamow
on February 2, 2012
The property market is quite competitive today as ever more commercial and retail properties come on the market for sale or lease. The reality of this market is that tenants and buyers can pick and choose from the available stock.
Real Estate Agents and Brokers are of high value in the marketing of property today; the database of qualified prospects they have on their books can shorten the time ...
Posted by Constantine Isslamow
on February 2, 2012
December was a great month in Peterborough's unemployment rate. The new rate sits at 7.3%. COmapred to9.4% and if we compare this to our region throughout 2011, the rate was 11%.
In Canada, the unemployment rate is 7.4% compared 7.9% a month ago.
Posted by Constantine Isslamow
on January 25, 2012
The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on January 17th, 2012. This marks the 11th consecutive policy meeting in which borrowing costs have been left unchanged.
While recognizing that the outlook for the global economy had deteriorated and that uncertainty had increased since it released its October Monetary Policy Report (MPR), the Bank also made those same observations ...
Posted by Constantine Isslamow
on January 19, 2012
Tax rates multiplied by current value assessment equals tax on assessment.
Property Class/Subclass (C1)
Municipal Tax Rate (C2)
Education Tax Rate (C3)
Total Tax Rate (C4)
Residential RTEP, RTES, RTFP, RTFS, NTEP, NTES
1.1717390%
0.2310000%
1.4027390%
Multi-Residential MTFP, MTFS, MTEP, MTES
2.2816220%
0.2310000% ...
Posted by Constantine Isslamow
on January 10, 2012
Most business owners understand that they need to do some marketing. Counting on people walking by your store or hoping for referrals can leave you stuck in survival mode, or worse. You can't just hope people will make a purchase today, so the feeling of putting "something" out there for fresh prospects to engage with can be nearly overwhelming.
You might have considered any of the following ...
Posted by Constantine Isslamow
on December 29, 2011
LISTING STATUS REPORT 1-Dec-2011 TO 29-Dec-2011
RESIDENTIAL COMMERCIAL MULTIFAMILY FARM TOTALS
ACTIVE
169
27
3
5
204
SOLD
126
9
3
1
139
CONDITIONAL
46
8
2
0
56
EXPIRED
262
19
6
2
289
CANCELLED
50
2
1
0
53
WITHDRAWN
20
1
2
0
23
TOTALS
673
66
17
8
764
Posted by Constantine Isslamow
on December 29, 2011
OTTAWA, December 29, 2011 — Housing-related spending accounts for more than 20 per cent of Canada’s Gross Domestic Product, contributing about $330 billion to the Canadian economy in 2010 — up 7.1 per cent from $308 billion in 2009. This and other key findings are in the ninth annual Canadian Housing Observer, released today by Canada Mortgage and Housing ...
Posted by Constantine Isslamow
on December 29, 2011