Latest Blog Posts
Posted by Richard Daoust on Tuesday, August 31, 2010 - 11:07
...
Posted by Mark Wilson on Sunday, August 29, 2010 - 17:00
Fantastic news for the whole area - this agreement signed is one more step towards the contract to build the Waneta Expansion Project. A very positive step that should help our local communities in all respects - shopping - real estate - restaurants - sports - it is to bring in $200 million in wages and benefits to our area. This is the shot in the arm that we need.
Posted by Richard Daoust on Tuesday, August 17, 2010 - 12:48
Housing Market Down
Unless you have been living under a rock for the entire summer, especially July, you probably have seen a slow down in the housing market. Pessimism has struck all media outlets which clients tend to read and over analyze. The fact of the matter is if you have a client who is a buyer, house prices have come down, which makes now a great time to purchase. Even...
Posted by Richard Daoust on Thursday, August 12, 2010 - 14:04
Canada's resale market has out-priced new housing over the past decade.
Between 2000 and the first half of 2010 the average cost of a new home increased by about 50 percent while the average price of a resale home more than doubled, according to a report released Tuesday by Scotiabank.
The bank attributes the robust resale numbers to a multitude of factors including the...
Posted by Richard Daoust on Thursday, August 12, 2010 - 13:55
The seasonally adjusted annual rate of housing starts reached 189,200 units in July, according to new data from CMHC.
"Housing starts moved lower in July, largely due to a decrease in urban single starts and a reduction in rural starts," said Bob Dugan, chief economist at CMHC's Market Analysis Centre. "Multiple starts partially offset this moderation."
The...
Posted by Mark Wilson on Thursday, July 22, 2010 - 17:00
Latest news is the 5 year fixed rate is now at 3.99% - these variable rates are not for everyone - especially for those who cannot handle monthly payment volatility - however for those that understand how variable rates work we realize more often than not variable rates are better from a cost standpoint. Good thing to keep in mind when selecting your mortgage.
Posted by Richard Daoust on Tuesday, June 22, 2010 - 14:18
Listing a home at too high a price is the biggest mistake home sellers make. A high price will discourage buyers from even looking at a home they might otherwise be able to afford. In addition, realistically priced homes in the same neighbourhood will look better by comparison.
Of course you don’t want to set your sales price too low either....
Posted by Richard Daoust on Thursday, June 17, 2010 - 09:54
As real estate professionals, we know the single most important factor in selling your home today is price. With so many homes on the market now, setting the “right price” is critical.
During the past housing boom, some homeowners priced their properties aggressively – well above market value. That was yesterday....
Posted by Paula Gaul on Sunday, June 13, 2010 - 17:00
One of my clients asked me for some statistics for the Rossland real estate market, so these are the stats for the last 12 months (ending 27 May 2010):
Selling Price of Single Family Detached Homes sold in last year:
below 150K: none
150-174K: 4 homes
175-199K: 4 homes
200-224K: 7 homes
225-249K: 5 homes
250-274K: 5...
Posted by Mark Wilson on Thursday, June 3, 2010 - 17:00
We have noticed that interest rates and qualifications for mortgage approval are getting higher and harder to handle - with a lot of inventory on the market it would seem that this would be the ideal time to buy - it is definitely a Buyers Market.
