This week in Real Estate and the Economy - Media Watch Oct. 27 2009 edition

Here is a list of links that we hope will make it easier for you to sort thru the masses of information about real estate locally in the Okanagan and Shuswap as well as in Canada as a whole. These links are to information generated within the last week. We hope you find the information of interest.

Okangan & Shuswap Real Estate News

What Sold last week in Central Okanagan Real Estate (TheOkanaganRealEstateHub.com) See how the various sectors faired for market activity and performance with information on the 65 sales that happened last week in Central Okanagan Real Estate. This is the first time we have included the Central Okanagan and Shuswap in what we analyze with new reports for each part of the Okanagan Mainline Real Estate Board.

What Sold last week in North Okanagan Real Estate (TheOkanganRealEstateHub.com) Find out about the 15  properties changed from active to Sold status in north Okanagan real estate last week. See how sellers faired and where prices were.

What Sold Last Week In Shuswap Real Estate (TheOkanaganRealEstateHub.com) Seven properties moved to Sold status in the Shuswap region last week. You’ll find an overview here.

Okanagan Investment Club (acollection of real estate articles put together by the good folks at the Okanagan Investment Club.

Canadian Real Estate News

Real Estate News Exchange Commercial Newsletter (renx.ca) a collection of recent articles impacting commercial real estate

Real Estate News Exchange Residential News (renx.ca) a collection of recent articles about residential real estate

Bank of Canada monitors real estate surge (Globe and Mail)  Central bank Governor Mark Carney says there is ‘some concern' but for now boom is factor in economic rebound

Fixed or variable mortgage? That is the question (Globe and Mail)  BMO economists conclude that the economic and interest rate outlook will ultimately again slightly favour the variable rate option

More home owners using cash for renos (Globe and Mail)  Survey suggests Canadians less likely to use credit cards to pay for home renovations this year than they were in 2008

Developers willing to dive into distress (Globe and Mail)  Taking over hole-in-the-ground projects that have been halted for lack of financing is risky. But these firms like to build and put people to work, and they aren't afraid to operate on the edge

Has a backlash begun? (Globe and Mail)  Housing markets in Toronto, Vancouver and Calgary have all been ablaze lately, but many agents acknowledge that a reckoning may be coming.

Sales of existing homes in full recovery after downturn (Toronto Star)  Existing home sales increased by 34 per cent in the first two weeks of October, compared to the same time a year earlier, according to figures released last week.

Analysts forecast near-record home sales in 2009 (Toronto Star)  Consumers can expect to be barraged with some headline-grabbing record home sales numbers over the next few months. But don't forget to put them into context, say analysts.

CMHC bubble is 100% made in Canada (National Post)  Ottawa's low interest rate policy and Crown agency Canada Mortgage and Housing Corporation's dramatic increase in mortgage backstopping, for people who put only 5% down, have pushed up activity and prices.

Commercial real estate bounces back (Globe and Mail)  While not a full-blown recovery, sector sees encouraging trends 'across the country' in renewed transactions

Housing, industry fuel U.S. rebound (Globe and Mail) Federal Reserve's Beige Book says many sectors of the economy either stabilized or logged modest improvements; commercial real estate still weak

Waiting for the Next McMansion to Drop (Wall Street Journal)  Despite some tentative signs of recovery, the U.S. housing market remains vulnerable to further price drops—especially in areas where large numbers of mortgages are headed toward foreclosure over the next few years.

Visit our office sites for Vernon BC and Kelowna BC and other Okanagan real estate properties for sale  or to help you find Realtor.

Bill

Bill Hubbard
Broker, Owner of Century 21 Offices in the Okanagan.
The Okanagan Real Estate Hub
  - Century 21 Vernon, BC

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