Posted: June 16, 2009 at 12:00 pm | Tags: canadian funding corp, canadian funding corporation, com, duplex, Estate, home, June, loft, market, May, moishe alexander, Montreal, Quebec, Real, report, Residential, Search, Service, studio, Values
Home values Montreal monthly report : June 2009
Residential home values and monthly trends for Montreal Metro Area, Quebec Canada, report from Moishe Alexander
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Home Values MONTREAL,
Residential For Sale – June 2009 |
| |
|
<=> May
|
| – 4br |
$1.240.000,00 |
= |
| – 2br |
$640.000,00 |
+23%▲ |
| – 3br |
$620.000,00 |
+19%▲ |
| – duplex |
$430.000,00 |
= |
| – 1br |
$360.000,00 |
+20%▲ |
| – studio |
$310.000,00 |
= |
| – loft |
$250.000,00 |
= |
| – single family |
$170.000,00 |
-11%▼ |
| |
|
|
Home Values Service © 2009 Homes-Market.com – Real Estate Search
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Home Values MONTREAL,
Residential For Rent – 06/2009 |
| |
|
<=> May
|
| – 3br |
$1.600,00 |
= |
| – 4br |
$1.500,00 |
+25%▲ |
| – loft |
$1.200,00 |
= |
| – 2br |
$1.100,00 |
-15%▼ |
| – duplex |
$850,00 |
= |
| – 1br |
$790,00 |
-11%▼ |
| – studio |
$590,00 |
= |
| |
|
|
Home Values Service © 2009 Homes-Market.com – Real Estate Search
Posted: June 16, 2009 at 11:56 am | Tags: activity, aflutter, Alexaner, Association, Average, Brings, Calgary, canada, canadian funding corp, canadian funding corporation, cent, CEO, CFC, Edmonton, Gregory Klump, May, Moishe, moishe alexander, Montreal, National, price, record, sale, Toronto, Vancouver
All the Canadian newspapers are aflutter because the Canadian Real Estate Association released their monthly report today, with positive news. I think people tend to get over excited about these releases whether positive or negative, but, here is the gist of it.
Resales of existing Canadian homes showed continuing improvements in in May, with both the number of transactions and the national average price on the rise. The national average sale price in May hit the highest monthly level on record, at $319,757, which was up four-tenths of a percentage point from the previous record in May 2008.
The real-estate association said the dollar value of sales through its members reached $11.4 billion in May, up 10 per cent from the previous month and more than 50 per cent above the low of $7.5 billion in January.
The association said the the rebound in activity was led in some of the most expensive local markets in Canada and that had the effect up pushing the national average price upward.
Seasonally adjusted sales were up on a monthly basis in about 70% of local markets. Monthly activity gains in Toronto (9%), Calgary (25%), Montreal (10%), Vancouver (8%), and Edmonton (12%) contributed most to the overall increase in monthly activity.
“Inventory levels are still high in many markets, but fewer new listings and rising sales activity suggests that the selection of homes available for sale may shrink as the year progresses. The supply of homes up for sale needs to be drawn down further before average price increases become more widespread among local markets,” said CREA economist Gregory Klump.
http://www.edmontonrealestateblog.com/my_weblog/2009/06/edmonton-brings-up-the-national-average.html
Posted: June 16, 2009 at 11:47 am | Tags: Alexander, canada, Canadian, canadian funding corp, canadian funding corporation, CMHC, Consumer, Corporation, Diane Finley, home, Housing Market, lender, market, Minister Responsible, MLI, moishe alexander, Mortgage, Optimistic, payment, Savvy, Survey, week
Canada Mortgage and Housing Corporation’s (CMHC) 2009 Mortgage Consumer Survey results were released last week, and indicate that nearly 90% of recent home purchasers across the country believe that home ownership is a good long-term investment and that almost 70% think that now is a good time to purchase a home in their community.
Buyers are knowledgeable about the mortgage process and their lender’s assessment of eligibility. For example, 86% are of the view that the level of total housing and other monthly payments should generally not exceed 40% of gross household income, which is in line with generally accepted mortgage lending practices.
Recent buyers are prudent mortgage managers.
According to the survey, 75% of purchasers have a goal to be mortgage free sooner than their original amortization. In fact, 20% of recent purchasers report having made a lump sum payment to their mortgage.
“The survey results are encouraging and provide insightful information, indicating that Canadians feel positive about Canada’s housing market. As well, Canada’s Economic Action Plan’s home purchase and renovation incentives, and CMHC’s recent outreach campaign to help Canadians who may be facing difficulties with their mortgage payment, are clear actions to support homeowners and the housing market.” said Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC). “
Canadian mortgage consumers recognize the benefits associated with mortgage loan insurance (MLI). According to the survey, 80% of recent buyers believe that MLI provides an important benefit to the financial system. Similar to CMHC’s last Mortgage Consumer Survey, the 2009 survey also indicates that Canadians continue to be well served by the mortgage industry, with 77% of recent mortgage purchasers expressing satisfaction with the service received from their lender or broker.
http://montrealrealestateblog.com/canadian-home-buyers-savvy-and-optimistic/
reported by Moishe Alexander, CFC CEO