The number of properties listed in some of Canada's major markets was down this quarter. This shift can be interpreted as a shift towards a more balanced sales-to-new-listings ratio. To achieve what would be considered a "balanced market", we look for the number of sales to equate to the number of houses put on the market for sale. Calgary, Edmonton, Vancouver and Montreal have all shown slight ...
Posted by Sean Kavanagh
on October 29, 2008
Burlington, Ontario: Although there is a lot of news permeating our print and airways regarding a softening real estate market, Burlington still seems to be holding strong. Burlington is still experiencing an increase in average housing prices for the month of September from last year to this year. Average prices were $329,416 in September 2007 to $370,479 in September 2008 representing a 12.47% ...
Posted by Sean Kavanagh
on October 15, 2008
Oakville, Ontario: Although there is a lot of news permeating our print and airways regarding a softening real estate market, Oakville seems to be showing some resistance. Oakville is still experiencing an increase in average housing prices for the month of September from last year to this year. $466,802 in September 2007 to $479,853 in September 2008 representing a 2.8% increase. Housing prices ...
Posted by Sean Kavanagh
on October 14, 2008
For those of us concerned about how the much publicized American financial meltdown will permeate north of the border, we should all take some relief in knowing that a World Economic Forum Report on global competitiveness has rated Canada's banking system as the soundest system in the world. These statistics were released to quell the panic due to the global financial crisis and bank failures. To ...
Posted by Sean Kavanagh
on October 10, 2008
Recent popular belief is that Canada will fall into the disastrous economic situation that has crippled the U.S. economy. As our economy is affected by what happens south of the boarder, it is important to understand that we have been able to maintain a solvent banking system (where the U.S. has failed) and our government has implemented measures to prevent a collapse of our real estate market (no ...
Posted by Sean Kavanagh
on October 10, 2008