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% ...
Posted by Constantine Isslamow
on August 18, 2009
Average House Prices by Province
Jun 2009
Jun 2008
Jun 2007
National
$326,613
$314,028
$315,332
Yukon
$281,420
$257,647
$209,687
Northwest Territories
$331,696
$321,812
$314,022
British Columbia
$461,931
$463,458
$446,893
Alberta
$346,955
$363,638 ...
Posted by Constantine Isslamow
on August 15, 2009
Average House Prices by City
Jun 2009
Jun 2008
Jun 2007
Yellowknife
$331,696
$321,812
$314,022
Vancouver
$575,949
$611,613
$564,702
Victoria
$476,686
$476,639
$573,415
Edmonton
$328,285
$341,376
$350,357
Calgary
$392,601
$418,866
$427,205 ...
Posted by Constantine Isslamow
on August 15, 2009
Current Bank & Prime Rates
Bank Rate
0.50%
Prime Rate
2.25%
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Source: Bank of Canada
Posted by Constantine Isslamow
on August 15, 2009
Showing and Selling Property
The culmination of your previous efforts has arrived. Your abilities you have been practicing and the strategies you plan to use is now ready to begin.
Here is the process of showing and selling a home to a buyer:
Allow the buyer to look at the home at their pace. Don’t smother them and don’t walk into small rooms. Allow ...
Posted by Constantine Isslamow
on August 15, 2009
The Canadian Real Estate Association said Friday that 50,270 homes traded hands on the Multiple Listing Service in July. That's 18.2 per cent more than in July, 2008.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Source: Canadian Real Estate Association
Posted by Constantine Isslamow
on August 15, 2009
Existing-home sales in the second quarter showed healthy gains from the first quarter in the vast majority of states, and price declines have increased affordability in most metro areas, according to the latest survey by the NATIONAL ASSOCIATION OF REALTORS®. Total state existing-home sales, including single-family and condo properties, rose 3.8 percent to a seasonally adjusted annual rate of ...
Posted by Constantine Isslamow
on August 15, 2009