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 9, 2009 at 9:21 am | Tags: Alexander, Board, Calgary, canadian funding corp, canadian funding corporation, crisis, Doug Porter, downturn, economist, Edmonton, Housing Market, June, moishe alexander, month, Ontario, ottawa, price, province, Real, record, sale, talk, Toronto, Vancouver, winter, year
TORONTO – Despite all the talk of a housing downturn and economic crisis in Ontario, the province’s two biggest cities both saw record housing resales last month for the month of June.
The Toronto Real Estate Board said Monday there were 10,955 sales in the Greater Toronto Area in June, a 27% increase from the 8,600 homes sold a year ago. It was the best June for sales since the board started tracking the numbers in the mid 1960s.
In Ottawa, housing sales jumped 12.5% in June to 1,895, also a new record for the month.
The average sale price in the GTA last month $403,972, up 2% from a year earlier. In Ottawa, the average sale price rose 3% annually to $306,925.
“I think the next stage” might be price pressure, said Doug Porter, deputy chief economist at BMO Capital Markets. “The moderation we have seen in prices may not last long if this kind of sales and listing balance remains in place.”
Porter said the mad scramble to buy a house is playing out across the country, as consumers wade back into the market tempted by interest rates the lowest they’ve been in 50 years.
Five-year fixed rate mortgages were as low as 3.75% last month, though they’ve nudged back up to about 4.5% since.
“Vancouver sales were up about 76% from a year ago, the second best June ever for them. Calgary sales were up 27%, and Edmonton sales were up 38%,” said the economist. “A lot of people emerged from their foxholes over the winter and have been brought in by low mortgage rates or a belief the economy is going to improve.
“There was some pent-up demand, things almost froze over solid over the winter.”
http://ontariomortgageinfo.blogspot.com/2009/07/housing-sales-soar-in-ontarios-biggest.html
brought by Moishe Alexander, CFC canadian funding corp CEO
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
|
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
|
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
