OTTAWA – February 6th, 2012 The MLS® Home Price Index rebounded in January following monthly declines in each of the two previous months, according to statistics released today by The Canadian Real Estate Association (CREA).
The MLS® HPI is designed to be a reliable, consistent, detailed, and timely way of gauging home price trends. It is calculated each month and covers five major ...
Posted by Gary Zalepa Jr.
on February 6, 2012
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
The third quarter has demonstrated that Niagara-on-the-Lake's real estate market has turned the corner and is leading a local economic recovery. The local housing market has historically preformed well in comparison with other Canadian cities and towns during economic downturns. The financial crisis of last year has proven that again. Local housing values have held up well during the past ...
Posted by Gary Zalepa Jr.
on October 16, 2009
This was a great event. I feel it would be a good idea to capitalize on it's success. I believe in future years The Town of NOTL could promote this as a special event in NOTL, like the any of our other events and perhaps get more involved.
Perhaps Parks&Rec Committee can ask Clive to report back on increasing our involvement with this event with the goal to attract additional participants ...
Posted by Gary Zalepa Jr.
on July 30, 2009
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
By Don Lawby
President, CENTURY 21 Canada
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. In real estate, average prices in the ...
Posted by Gary Zalepa Jr.
on May 21, 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