Thursday, March 26, 2009

What are you waiting for?


Well spring has finally sprung, a great time to be in Alberta. The temperatures are rising and people's moods are changing for the better! But, unlike some other places in the country, it is still not shirt sleeves weather yet!

The market for Crowsnest Pass homes is still a buyer's market. Working with buyers this past week it became apparent there are some great deals out there. And you don't have to look very far. Multiple homes are for sale in the same neighborhood at very competitive prices.

In the Crowsnest Pass areas of Bellevue/Hillcest, Frank, Blairmore and Coleman there are dozens of homes to choose from. Sellers are willing to negotiate and the buyers are starting to enter the market again. Often the TV/print media is quick to laud the woes of the market. They fail to see the opportunities that exist for the discerning buyer.

If you have been kicking around the idea of purchasing a home in Alberta or any area for that matter, get out there and look. It does not cost anything. Buyers don't pay real estate agents, the sellers do! What are you waiting for?


John Prince, Alberta licensed real estate agent, MaxWell City Central – Crowsnest Pass. Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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Wednesday, March 11, 2009

The Crowsnest Pass is Happening!

It seems that the market is starting to happen and now folks are ready to get in the game! This, of course, is based on what was reported in the last week's Crowsnest Pass Promoter - Housing sales rebound and on my own experience over the past couple of weeks. The inquiries have increased in frequency, showings are increasing, and, hopefully, the contracts will follow. In the Real Estate field, as in any sales field, a positive attitude is critical.

Critical for my success, and critical for my clients! Why would anyone want to list their home with a negative agent? Who wants to spend a day looking at properties with a down in the mouth real estate agent? Give it another week or so, after the First of April, and we will see. Why not get in the game?

If you are buying or selling a house in the Crowsnest Pass (Bellevue/Hillcrest, Frank, Blairmore or Coleman) area, call me, please. I would welcome a chance to discuss how I can assist you in the process.


John Prince, Alberta licensed real estate agent, MaxWell City Central – Crowsnest Pass. Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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Friday, March 6, 2009

Canadians optimistic about home buying: RBC

CBC News

Almost two-thirds of Canadians think the time is right to buy a house despite the ongoing global recession, according to a new survey released Wednesday.

RBC said 65 per cent of people in this country term the current housing sector a "buyer's market." More than a quarter of Canadians said they would look to buy a new house within the next two years.

That optimism is despite the current economic environment: Canada's GDP dropped by an annualized 3.4 per cent in the last three months of 2008 and home prices were down more than 11 per cent in January 2009 compared to a year earlier.

"The current economic environment does not appear to have dampened Canadians' overall confidence in the housing market," said Karen Leggett, head of RBC's Home Equity Financing.

"Canadians continue to have an overwhelming belief in the long-term value of a home and we're seeing this in the buying intentions of many first time homebuyers this year," she said.

Indeed, the current interest in purchasing a new home was four percentage points higher than the 23 per cent for the same time in 2008 and is at its highest level since 2007.

Falling home prices

One reason for the relatively positive outlook among Canadian homeowners and potential purchasers was the belief that slumping home values will drop even further in 2009.

More than half — 54 per cent — of Canadians said they think housing prices will be lower this year than they were at the end of 2008.

Cheaper prices combined with falling interest rates — down 50 basis points after March's rate cut by the Bank of Canada —indicate that people believe they will be able to pay less for a relatively valuable asset that will begin rise in net worth as the economy recovers.

Of course, that scenario only plays out as the economy recovers

In another recent survey, a majority of Americans said they think the North American recession is getting worse, not better, a situation that could pushing home values down further and delay a decision to buy a new home.

Regional differences

Alberta remains the most optimistic place in Canada for home buying in the near future.

Canadians who: say it's a buyers' market will buy house in '09 or '10

B.C. 78% 26%
Atlantic 58 25
Sask./Man. 34 25
Alberta 72 35
Source: RBC

Alberta remains the most optimistic place in Canada for home buying in the near future.

In the oil-rich province, 35 per cent of residents said they will purchase a new abode this year or in 2010. That level of buying interest contrasted sharply with Quebec where only 22 per cent of those surveyed said they would buy a home in 2009 or the year after.

In Ontario, 30 per cent of people asked expressed an interest in purchasing a new house.

Ipsos Reid conducted the poll between Jan. 6 and Jan. 9, 2009. The online survey of 2,026 adult Canadians is considered accurate to within 2.2 percentage points, 19 times out of 20.


John Prince, Alberta licensed real estate agent, MaxWell City Central – Crowsnest Pass. Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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Wednesday, March 4, 2009

Secrets of selling to seniors

Extract: By Lloyd R. Manning

A few basic rules:
  • Never think of a senior as old. They don't consider themselves old.
  • Never use scare or high-pressure tactics. This turns them off immediately.
  • Save the glitz and razzle-dazzle. Don't try to confuse seniors with camel dung. It will backfire if you do.
  • Know that seniors are skeptical.
  • Treat them as equals. They value independence, personal growth, and revitalization as do we.
  • Never talk down to seniors. They are not stupid or confused; they are probably smarter and richer than you, and they certainly have more experience.
  • Do not put all of them in one basket. They are all individuals and not like other seniors in many ways.
  • Relationships and associations are important to seniors. Maintaining nearness and contact with family, friends, church, social centres and their familiar haunts is important.
  • And most important, always treat seniors with respect.
...............................................................

Let me share with you one of my favouite poems with respect to Silence... and seniors:

Wisdom ripens into silence
When she grows more truly wise
And she wears a mellow-saddness
In her heart and eyes.

Wisdom ripens into silence
And the lesson she does teach
Is that life is more than language
And that thought is more than speech.


If you are considering selling/buying a home in the Crowsnest Pass, Alberta area, give me a call or drop me an email.


John Prince, Alberta licensed real estate agent, MaxWell City Central – Crowsnest Pass. Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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Tuesday, March 3, 2009

Bank of Canada cuts key borrowing rate again

Tuesday, March 3, 2009
CBC News

The Bank of Canada cut a key interest rate on Tuesday, dropping its target for the overnight rate by one-half of a percentage point to 0.5 per cent.

The rate cut had been widely forecast by economists. The bank has now reduced interest rates by four percentage points since it commenced the latest cycle of easing in December 2007.

The rate cut comes one day after Statistics Canada said the economy contracted at an annualized rate of 3.4 per cent in the last three months of 2008. The Bank of Canada had been projecting a 2.3 per cent rate of decline.

Monday's negative report left economists predicting a weaker first quarter this year, with annualized declines of five to six per cent forecast.

In its Jan. 22 update to its outlook on the Canadian economy, the Bank of Canada said real gross domestic product for 2009 is projected to decline by 1.2 per cent, followed by a rebound of 3.8 per cent in 2010.

Many critics charged the central bank's forecast was overly optimistic, but Bank of Canada governor Mark Carney has defended the outlook vigorously.

In the commentary accompanying Tuesday's rate decision, the central bank said data for the fourth quarter of 2008 and other indicators point "to a sharper decline in Canadian economic activity and a larger output gap through the first half of 2009 than projected in January."

note: With mortgage rates at the lowest level in more than 40 years, affordability is at an all-time high. Call me at 403-564-4518 if I can be of any assistance.


John Prince, Alberta licensed real estate agent, MaxWell City Central – Crowsnest Pass. Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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