Posted: November 12, 2009 at 12:49 pm | Tags: activity, Area, canadian funding corporation, census, CMA, economy, Estate, fact, Housing Market, JOB, market, moishe alexander, Outlook, Residential, Rivières, slowdown, transaction
Residential real estate market to remain active in 2009 and 2010
Despite a slight slowdown, activity will remain solid on the Trois-Rivières census metropolitan area (CMA) residential real estate market in 2009 and 2010. In fact, transaction volumes will stay high on the resale market, as will housing starts, which will remain above the average levels for the last few years. The rental market, for its part, will continue to post a relatively low vacancy rate. Even though the job market will be sluggish, financing conditions, which will still be very favourable, combined with strong migration, will energize the market. Job market to stay sluggish
The economy in Trois-Rivières, like in several other areas around the province, was affected by the global economic crisis that has been prevailing for over a year now. Already, the regional economy had suffered from the surging loonie, which had severely tested manufacturing companies by undermining their competitiveness on the market. The ensuing decline in demand, as a direct result of the economic slowdown, only made things worse. Consequently, job losses have now been accumulating for four quarters in the Trois-Rivières CMA (with almost all the losses having been full-time positions), in pace with the announcements of layoffs and plant closings, which have increased. On the other hand, the area will benefit from the vitality of other sectors of the regional economy, including the non-residential
Posted: July 17, 2009 at 9:13 am | Tags: Alexander, Association, Average, canada, canadian funding corp, canadian funding corporation, CEO, CFC, Click, CREA, Estate, Housing Market, June, market, Moishe, moishe alexander, Real, steam
The Canadian housing market appears to be picking up steam, as prices climbed an average of 4.2% across Canada in June, according to the Canadian Real Estate Association (CREA). However, some areas are struggling. Click the arrows to find out which markets have been left behind as prices rise.
http://finance.sympatico.msn.ca/banking/mortgages/most-struggling-housing-markets.aspx
reviewed by Moishe Alexander, CFC CEO
Posted: July 15, 2009 at 12:19 pm | Tags: adjustment, Alberta, Alexander, Better, body, British Columbia, canada, canadian funding corp, canadian funding corporation, Estate, evidence, June, market, marketplace, Milton, moishe alexander, News, Oakville, Ontario, price, property, scenario, Southern Central, speculation, United States, year
Some interesting Local Real estate news:
Having decided Canada would not face the same scenario in the real estate market as the United States there was still speculation late last year about supposed free-falling property prices, fuelled by market trends in British Columbia and Alberta where rapid price increases and speculation had been prevalent. Based on current statistics there is now an emerging body of evidence that the Southern Central Ontario real estate marketplace is seeing what is best described as a “market adjustment” resulting in a soft landing and not the crash that much of the media projected.
In our local area, residential resale activity for June is up on the same month last year. In Oakville, by 18% and the ever
expanding Milton by 34%. Current data would suggest little movement up or down in average sales prices with Oakville
down 1% and Milton up 2% on last June.
The median sale price. which is the midpoint of all sales, in Oakville for the first six months of this year is $418,000 down
just 2% from the same period last year and in Milton at $325,000 is down only 1%. With the number of new listings also down, year to date and June statistics showing signs of pent up demand resulting in higher sales we could be moving back to a sellers market. Many of the economical problems facing home buyers today have been offset by lower mortgage rates and a stable market place.
There are signs that we may be recovering from the first recession since 1992. Buyers, Sellers and REALTORS® will certainly find this scenario much less stressful.Taking the stress out of buying and selling is our day to dayactivity.
If you are considering either buying or selling now could be one of the best times to be reviewing your options while the market is stable. Preparation is a key part of the process.
http://valeriepeebles.com/better-signs-in-the-market/
reviewed by Moishe Alexander, CFC canadian funding corp CEO
