Sunday, December 27, 2009 - Existing home sales activity remains strong in November
According to statistics released by The Canadian Real Estate Association, existing home sales activity remained upbeat in November 2009. The current strength of housing demand stands in sharp contrast to weak activity recorded one year ago. A total of 36,383 residential properties traded hands via the Multiple Listing Service® (MLS®) of Canadian real estate boards in November 2009. Up 73 per cent from year-ago levels, activity was down just four tenths of a per cent from the highest level of ...
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posted in General
at Sun, 27 Dec 2009 12:42:33 -0700
Sunday, December 27, 2009 - Consumer confidence in Canada ends on stronger footing
National consumer confidence ended the year 2009 on a stronger footing compared to pre-recession levels, despite having edged down slightly the fourth quarter compared to the third quarter. According to the Conference Board of Canada’s index of consumer confidence, confidence eased slightly in the fourth quarter for the first time in three quarterly periods. The decrease in confidence reflects weakening sentiment about making major purchases. The balance of sentiment about making major p ...
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posted in General
at Sun, 27 Dec 2009 12:40:45 -0700
Tuesday, December 15, 2009 - Existing home sales activity remains strong in November
OTTAWA – December 15th, 2009 – According to statistics released by The Canadian Real Estate Association, existing home sales activity remained upbeat in November 2009. The current strength of housing demand stands in sharp contrast to weak activity recorded one year ago. A total of 36,383 residential properties traded hands via the Multiple Listing Service® (MLS®) of Canadian real estate boards in November 2009. Up 73 per cent from year-ago levels, activity was down just four tenth ...
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posted in General
at Tue, 15 Dec 2009 10:58:43 -0700
Sunday, December 13, 2009 - Bank of Canada maintains overnight rate
Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010 OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. While significant fragilities remain, global economic developments have been slightly more positive and the global outlook has ...
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at Sun, 13 Dec 2009 15:41:05 -0700
Saturday, December 5, 2009 - Green
Hello All in Edmonton, Below is a list of all the Speed on Green & Red light cameras in Edmonton. Red light and speed on Green violations* • 34 Avenue WB at 91 Street • 91 Street SB at 34 Avenue • 170 Street NB at 95 Avenue • 104 Avenue EB at 109 Street • Yellowhead Trail EB at 149 Street • 127 Street NB at Yellowhead Trail • 50 Street SB at 137 Avenue • 82 Street NB at 153 Avenue • Yellowhead Trail WB at 107 Street • 170 Street SB at Stony Pla ...
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posted in General
at Sat, 05 Dec 2009 17:46:51 -0700
Saturday, December 5, 2009 - Homes sales hit record high; outlook upgraded
Homes sales hit record high; outlook upgraded John Morrissy, Financial Post OTTAWA -- Home sales hit a new record high in October, leading the Canadian Real Estate Association to boost its outlook for 2009 and 2010. Resale home activity was up 41.5% in the month, reaching a total of 42,288 units. On a seasonally adjusted basis, homes sold on the Multiple Listing Service totalled 45,818 units in October. "Low interest rates and upbeat consumer confidence continue to release the pent-up demand th ...
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posted in General
at Sat, 05 Dec 2009 17:18:28 -0700
Saturday, December 5, 2009 - Variable-Rate Mortgages: 3- or 5-Year?
This great article from Canadian Mortgage Trends certainly supports the new MERIX 3 year ARM at Prime-.25%. Variable-Rate Mortgages: 3- or 5-Year? November 16, 2009 We ve seen a noticeable increase in the number of people making variable-rate mortgage inquires. Perhaps it s because the media keeps reiterating how the Bank of Canada won t be upping rates until at least Q3 of next year. Whatever the case, the popular options for closed variable-rate mortgages have been: • 3-year variables ne ...
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posted in General
at Sat, 05 Dec 2009 17:17:57 -0700
Saturday, December 5, 2009 - Rapid rebound fuels fears of housing bubble
Garry Marr, Financial Post Canadian existing home prices are now rising at a pace not seen in 20 years, fueling talk that a bubble may be forming in the market. The average price of a home sold last month was $341,079, a 20.7% increase from a year ago, the Ottawa-based Canadian Real Estate Association said Monday. Sales also continued to climb with 42,288 units trading hands, a 41% jump from October, 2008. At the same time that demand continues to surge and interest rates remain at historic lo ...
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posted in General
at Sat, 05 Dec 2009 17:17:17 -0700
Saturday, December 5, 2009 - 'Everything for sale at a price'
Rick Spence, Financial Post Maybe there are just two types of entrepreneurs: those who stand ready to sell their companies at a moment's notice, and those who think of their businesses as intensely personal achievements, fused to their skills, their self-image, and their hopes and dreams. Both types showed up at an all-star business panel in Toronto last week organized by WXN, the Women's Executive Network, to discuss the buying and selling of businesses. The participants included two brawler ...
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posted in General
at Sat, 05 Dec 2009 17:16:35 -0700
Saturday, December 5, 2009 - Canadian Banks Cut Rate
THE CANADIAN PRESS TORONTO - Several of Canada's big banks said Wednesday they would cut their posted rates for fixed-rate mortgages by up to 0.25 percentage points. The Royal Bank (TSX:RY) cut its rates for one, two and three-year closed mortgages by 0.20 percentage points, effective Thursday. Canada's largest bank cut is posted five-year closed rate by 0.15 percentage points to 5.59 per cent, while its special five-year closed rate was cut by the same amounted to 4.29 per cent. Bank of Montre ...
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posted in General
at Sat, 05 Dec 2009 17:15:20 -0700
Thursday, December 3, 2009 - Just Sold - E3196105
Just sold this listing: "Affordable living with space for a large family. This completely renovated 4 bedroom, 2 bathroom townhome is in move in condition. Plenty of space for..."
posted in Listings
at Thu, 03 Dec 2009 05:00:00 -0700
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