As the economy begins to creep out of its economic rut, the market has begun to speculate on when interest rates will rise. The Bank of Canada pledged in April to hold interest rates at 0.25% until the end of June, 2010. The move was designed to ease credit pressures on financial institutions and consumers as the recession intensified. However, the pledge -- an unconventional monetary policy tool used ...
Posted by Constantine Isslamow
on August 5, 2009
2009
Listings
Sales
Sales/Listings Ratio
Average Sale Price
Area
Month
YTD
Month
YTD
Month
YTD
Month
12 Month
1UHTS,1NORT,1CENT,1SOUT
34
237
28
166
82%
70%
$238,018
$220,847
2NORT,2CENT,2SOUT
42
308
45 ...
Posted by Constantine Isslamow
on August 4, 2009
If you're like most Canadians, your home is probably the most important investment you will ever make. But how do you know if you are financially ready for all the responsibilities that come with homeownership?
To help you avoid any unpleasant surprises, Canada Mortgage and Housing Corporation (CMHC) offers the following tips on how to assess your current financial situation, calculate your monthly ...
Posted by Constantine Isslamow
on July 25, 2009
According to a recent survey by CMHC, almost half (49%) of people planning to buy a home in 2009 are first-time buyers compared to a little over third (36%) of buyers in 2008. This illustrates a significant emergence of first-time buyers who can take advantage of the First-Time Home Buyer Tax Credit in the Economic Action Plan. The study found most first-time buyers fall between the ages of 25 ...
Posted by Constantine Isslamow
on July 25, 2009
2009
Listings
Sales
Sales/Listings Ratio
Average Sale Price
Area
Month
YTD
Month
YTD
Month
YTD
Month
12 Month
1UHTS,1NORT,1CENT,1SOUT
36
202
29
138
81%
68%
$224,510
$217,199
2NORT,2CENT,2SOUT
48
267 ...
Posted by Constantine Isslamow
on July 11, 2009
Peterborough and The Kawarthas Number of Units Sold by
Price, Average Days on Market and Sale to List%
January 1, 2009 - June 30, 2009
Price
Units Sold
Average Days
Sale to List %
<30,000
0
0
0
30000-39999
1
98
80
40000-49999
2
68
76
50000-59999
0
0 ...
Posted by Constantine Isslamow
on July 8, 2009
April 1, 2009 through June 30, 2009
Price Range
Current # of Listings
Avg # of Sales Per Month
Selling Price % of List Price
Ave Days on Market
Remaining # Months Inventory
$<145,000
16
5
96
55
3.2
$145-185
54
29
97
47
1.9
$185-225
56
39
98 ...
Posted by Constantine Isslamow
on July 8, 2009
SUB-DISTRICT 1-5 SINGLE FAMILY HOMES
Residential
Unit Sales
Number of Bedrooms
Active
Listings
Price Class
2 or Less
3
4 or More
Price Class
2 or Less
3
4 or More
Under $100,000
0
0
0
Under $100,000
2
0
0
$100,000 - 149,999
2
5
1
$100,000 ...
Posted by Constantine Isslamow
on July 8, 2009
There seems to be good news coming out of the States for our fellow REALTORS.
Although in a few recent interviews with Federal Chairman Bernanke it was revealed that the economy would probably start to slowly recover in 2010, NAR has reported a projected sales volume of 4.68 million transactions for 2009.
So what does that mean? Well, that's only slightly down from 2008 (which had a volume of 4.9 ...
Posted by Constantine Isslamow
on July 8, 2009
Spring 2009 Peterborough housing market:
Average prices have little relevance to your home
Let's face it, nobody wants to be average. It's the terrain of the unremarkable-the realm of the safe middle ground. But while "average" is by its very definition nothing to brag about, it does have its place in our world. It shows us the big picture. It reminds us where we stand, right?
Well, to a point. ...
Posted by Constantine Isslamow
on June 11, 2009