Friday, August 14, 2009

House sales in Canada jump in July

CBC News

Canada's resale housing market for July posted the largest year-over-year gain in two years, with Western homebuyers leading the way, according to statistics released Friday by The Canadian Real Estate Association.

For the first time on record, sales of existing homes climbed to more than 50,000 units for July.

A total of 50,270 homes were sold last month via the Multiple Listing Service of Canadian real estate boards. This is up 18.2 per cent from the same month last year, and 3.9 per cent above the previous record for July that was set in 2007.

"The difference in the resale housing market now, compared to the beginning of the year, is night and day, and nowhere is this more evident than in the West," association president Dale Ripplinger said in a release.

"Homebuyers recognize that interest rates and prices have bottomed out, and are taking advantage of excellent affordability before prices and interest rates move higher."

Resale numbers for July were up from the same month last year in about 60 per cent of local markets.

The association said year-over-year gains in these cities contributed most to the national increase in activity:
  • Toronto (28 per cent)
  • Vancouver (90 per cent)
  • Montreal (19 per cent)
  • Calgary (22 per cent)
  • Edmonton (28 per cent)

Demand is rebounding sharply in some of Canada's priciest housing markets, skewing the national average price upward, with the average price rising 7.6 per cent from one year ago to $326,832.


John Prince, Alberta licensed real estate agent, CENTURY 21 'THE PROFESSIONALS LTD.' (Crowsnest Pass Real Estate). Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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Thursday, August 13, 2009

Why Hire A Professional Real Estate Agent?

A qualified, competent real estate agent will help you navigate the myriad of decisions that arise when buying and selling a home. An agent provides value to the homeowner in many ways:

  • Pays for all marketing and advertising costs.

  • Adds experience and expertise in all aspects of the sales process including marketing, financing, negotiations and more.

  • Handles all showings.

  • Brings a network of known, trusted real estate professionals. If your agent doesn't have the answer, he or she likely knows someone who does.

  • Always has your interests in mind so you always have someone on your side.

  • Can handle and advise on all price and contract negotiations.

  • Provides you with all the possible options and opportunities without holding back.

  • Gives an unbiased, realistic view of your home and your options. Unlike buyers and sellers, an agent has no emotional attachment to property.

  • Has the knowledge to help you ask the right questions.

  • Being a third party, potential buyers are more likely to tell your agent the truth about your home, even if it is unflattering. This objective viewpoint will help you make the necessary changes to get your home sold.

  • Your time is valuable. A real estate agent allows you to spend your time how you want.

Give me a call today (403) 564-4518 and let me help you buy or sell your next home!


John Prince, Alberta licensed real estate agent, CENTURY 21 'THE PROFESSIONALS LTD.' (Crowsnest Pass Real Estate). Serving the Crowsnest Pass and area. Call me directly at 403-564-4518 or by email at: johnprince@shaw.ca

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