According to the Conference Board of Canada and their analysis of Real Estate Board data, resale markets are tightening and prices in most areas are rising.
Locally in Niagara, unit sales figures are up 1.9% from September but still below those from October 2009. The number of resale homes available in October 2010 was still lower, 5% below the numbers in 2009. As some sellers ...
Posted by Gary Zalepa Jr.
on November 26, 2010
Gary Zalepa Jr. & Sr. are pleased to announce that GLORIA Szylak has joined their firm as a Broker. She brings with her over 20 years experience in the Real Estate industry in Niagara on the Lake.
We are thrilled to have GLORIA join our team. Our business is built on providing quality service for the real estate ...
Posted by Gary Zalepa Jr.
on January 22, 2010
In is a press release from the Canadian Real Estate Association, sales in the second quarter have rebounded. The local NOTL market is experiencing a more modest rebound then other Canadian cities. Sales figures for May 2009 are up 8% from the same period in 2008. June 2009 sales in NOTL are down 30% compared to 2008. Sales across Regional Niagara are up 5.6% in June versus June ...
Posted by Gary Zalepa Jr.
on July 15, 2009
Niagara-on-the-Lake's residential real estate market is displaying characteristics of a stablizing seller's market, according to local CENTURY 21 Broker, Gary Zalepa Jr.
Basically unit sales for June 2009 are down 32% from June 2008. Inventory of resale homes available is also down 17% for that same period. There was 44 new listings in the market for June 2009 ...
Posted by Gary Zalepa Jr.
on July 7, 2009
National resale housing market activity returned to pre-recession levels in May 2009. The rebound in activity is being led by an increase in transactions in some of the most expensive markets in the country, which is skewing the national average price upward.
According to statistics released by The Canadian Real Estate Association (CREA), actual (not seasonally adjusted) home sales via the Multiple ...
Posted by Gary Zalepa Jr.
on June 18, 2009
According to local CENTURY 21 Broker Gary Zalepa Jr. the key message for home owners derived from a recent CENTURY 21 Canada study is that an accurate evaluation of your home can only be achieved by comparing your home with similar type homes that have sold recently. Do not rely on market average figures. Real estate is highly localized and many areas in Canada have very active and ...
Posted by Gary Zalepa Jr.
on June 11, 2009
It has been brought to my attention that changes have been made with respect to Energy Audits on the sale on homes in Ontario. These audits will not be mandatory. Buyers shall have the right to have one completed or waive that request. Here is the proposed new wording.... It is nice to see Govt listen.
Clean Version: Part 1: Section 2 of the Green Energy Act
Mandatory ...
Posted by Gary Zalepa Jr.
on April 30, 2009
Resale housing activity in Canada in February 2009 was up from seasonally adjusted levels the previous month, according to statistics released by The Canadian Real Estate Association (CREA). www.crea.ca
A total of 28,669 homes traded hands via the Multiple Listing Service® (MLS®) nationally in February 2009 on a seasonally adjusted basis. This is 8.6 per cent above seasonally adjusted levels ...
Posted by Gary Zalepa Jr.
on April 9, 2009
As interest rates are lowered again, the local Real Estate market in NOTL continues to perform better then most other markets in Canada. "These low interest rates provide the perfect opportunity for home owners to consider a move up or a chance for first time buyers to get into the market away from renting" says REALTOR Gary Zalepa Jr. Broker.
He explains that with interest rates trending downwards ...
Posted by Gary Zalepa Jr.
on March 5, 2009
Budget 2009 introduces a series of innovative measures timed to provide some much-needed uplift to residential renovation and resale activity, which has been hard hit in many regions across Canada. In times of financial uncertainty, investments in residential housing remain relatively "safe" portfolio assets, given their intrinsic value. Furthermore, in the broader economy, stronger residential investment ...
Posted by Gary Zalepa Jr.
on March 3, 2009