Archive for June, 2008
Monday, June 23rd, 2008
CALGARY REAL ESTATE BUBBLE BLOG
Bank Of Canada Jolts Economists With Stand-Pat Rate Decision Amid Inflation Risk"Holt said one possible explanation is that the Bank of Canada and the U.S.Federal Reserve are co-ordinating policy in an effort to bolster the Americandollar and "take the froth" off of commodity prices."Back in March ...
Posted in Calgary | No Comments »
Monday, June 23rd, 2008
Alberta Bubble
Quite a lot has happened in macro economic world since I wrote the ‘deflationary scenario’. While there are still quite a number of deflationary proponents holding there ground, the mainstream economists and pretty much all the central banks are getting perturbed over rising commodity prices. And for once, their ...
Posted in Calgary | No Comments »
Monday, June 23rd, 2008
Alberta Real Estate Watch
Some more on the ridiculous discounts offered back in February:The second building is located in Aldergrove, not far from West Edmonton Mall. It’s a terrific location, with walking trails on 2 sides of the building and with easy access to everything. Prices int his building normally ...
Posted in Calgary | No Comments »
Monday, June 23rd, 2008
Alberta Real Estate Watch
Anyone remember these condos? The ridiculous discounts? The 1 bedrooms normally range in price from $179,900 to $190,900. The 2 bedrooms range from $204,900 to $227,900....The developer, for these first 10 units only, is selling them at $150,000 for a 1 bedroom and $160,000 for ...
Posted in Calgary | No Comments »
Monday, June 23rd, 2008
Alberta Real Estate Watch
The new Comfree is here as described in the monthly report:Further assisting sellers with pricing, ComFree launched the “New ComFree” with a bang. Thursday June 5th ComFree played host to a day of fun-filled activities including special appearances from the Edmonton Esks cheerleaders, Edmonton Rush, Joe ...
Posted in Calgary | No Comments »
Monday, June 23rd, 2008
Alberta Real Estate Watch
Notice how when offering as an incentive they disclose how little money you are putting towards principal."Remember 95% of your payments in your first year could be interest"Marketers are creative with numbers! This inspired me to look at the 40 year mortgage more creatively myself.With ...
Posted in Calgary | No Comments »
Monday, June 23rd, 2008
Alberta Real Estate Watch
Here is a builder ad for new condos in Edmonton I got in the mail:Wow! $824/monthThe fine print:4.15% with a $9875 down payment & combined income of $51,364.On the back:*Based on a variable rate of 4.15%, OAC, clients to qualify at a 3 yr posted rate ...
Posted in Calgary | No Comments »
Monday, June 23rd, 2008
FindCalgary.com Blog
For the past 2 weeks in June SFH inventory in Calgary has fluctuated around 7100, and around 3300 since the beginning of May for Condos.
Has the influx of new inventory peaked?
(A special thanks to Matthew for compiling all the daily stats and providing us with the graph!)
To view the ...
Posted in Calgary | No Comments »
Monday, June 23rd, 2008
Edmonton Real Estate Blog
I recently had a client referred to me who had put an offer on a million dollar+ property being sold privately. They put their offer on the property with the hope that they would sell their own property and everything would be hunky dory. The only ...
Posted in Edmonton | No Comments »
Monday, June 23rd, 2008
Edmonton Real Estate Blog
Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 686 (627, 757, 660)# Sales: 310 (257, 280, 287)Ratio: 45% (41%, 37%, 43%)# Price changes: 693 (628, 617, 671)# Expired Listings: 74 (202, 625, ...
Posted in Edmonton | No Comments »
Monday, June 23rd, 2008
Edmonton Real Estate Blog
How do you look at me with those lumps of coal for eyes and tell me you're sitting in front of the hottest most desirable property on the market? It’s obviously not hot enough to melt the snow on your front lawn! No, indeed it is now ...
Posted in Edmonton | No Comments »
Monday, June 23rd, 2008
Edmonton Real Estate Blog
Everyone has seen all the crazy condo construction that has been going on in Edmonton. There are mega-projects to be completed all over the city. More of the same old, same old, where you walk from one unit to the next you can’t remember the differences ...
Posted in Edmonton | No Comments »
Monday, June 23rd, 2008
Edmonton Real Estate Blog
Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 627 (757, 660, 608)# Sales: 257 (280, 287, 245)Ratio: 41% (37%, 43%, 40%)# Price changes: 628 (617, 671, 572)# Expired Listings: 202 (625, 103, ...
Posted in Edmonton | No Comments »
Monday, June 23rd, 2008
Edmonton Real Estate Blog
It’s a market full of hard decisions and sometimes tough love is necessary, especially when examining your home's value compared to last year. Last weekend when one of our listings sold the seller said to me "that’s the most excited I've heard you get." The deal was ...
Posted in Edmonton | No Comments »
Monday, June 23rd, 2008
Edmonton Real Estate Blog
To rent or not to rent? That is the question. I can see the fingers getting ready to type their rapid responses to this article already, but chill for now because the question is actually for home owners. Many of the people who have properties on ...
Posted in Edmonton | No Comments »
Monday, June 23rd, 2008
Edmonton Real Estate Blog
Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 757 (660, 608, 709)# Sales: 280 (287, 245, 299)Ratio: 37% (43%, 40%, 42%)# Price changes: 617 (671, 572, 605)# Expired Listings: 625 (103, 205, ...
Posted in Edmonton | No Comments »
Friday, June 6th, 2008
Posted Jun 6th 2008 3:55PM by Joseph Lazzaro
Americans net worth declined by $1.7 trillion in Q1 2008 - - the biggest drop in wealth since 2002 - - as declining home prices and a sluggish stock market took a toll on portfolios and asset holdings, CNNMoney.com reported Friday.
U.S. household net ...
Posted in Uncategorized | No Comments »
Friday, June 6th, 2008
Downsizing the American Home
by Shawn Tully
Friday, June 6, 2008
provided by
During the housing bubble, KB Home priced out first-time homebuyers by building bigger. Its new, more modest model provides a glimpse of what the return of the housing market may look like.
In the history of real estate ...
Posted in Market View | No Comments »
Thursday, June 5th, 2008
CALGARY REAL ESTATE BUBBLE BLOG
According to Statistics Canada's 2006 Census of Population and Housing, 73.1% of Albertans own there "dwellings."What does this mean?It translates into the fact that the pool of remaining buyers in Alberta's real estate market is small. During the boom years of 2006 and on, many Albertans ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
CALGARY REAL ESTATE BUBBLE BLOG
Real Estate Type : Single FamilyBuilding Type : HouseBedrooms : 1Bathrooms : 1Interior Floor Space : 925.70 sqftStoreys : BungalowBuilt in : 1926Land Size : W:8.840m D:36.580m Shape:RECTitle : FreeholdLocation : 112 9 Av NECalgary, AB T2E 0V2MLS®: C3322995Aren't post grow-op properties supposed to ...
Posted in Calgary | No Comments »