And this is what it will look like once it's paid off.
Reclaimed by nature.Prices int his building normally range from $199,900 to $214,900 for a 2 bedroom and $178,900 to $188,900 for a 1 bedroom. He is asking us to sell these first 10 units at $155,000 for a 1 bedroom and $165,000 for a 2 bedroom.So in the future when showing these apartments from this building REALTORs do not have to mention those pesky discounts sales. God forbid a buyer making an informed decision with an accurate sales history! That could bring down the value of a building!
We WILL NOT be reporting these sales to the MLS system so that these sales don’t bring down the values of the buildings.
The number of single-family resale homes changing hands in Calgary this month has climbed over the 1,200 mark -- pretty typical of this time of the year, say industry expertsHowever from Mikes Stats, there have been 934 SFH sales between Feb 1-22. The article appears to be discussing the same area as these stats as it mentioned inventory over 4700 while Mikes stats show 4794.
Jensen says the industry experienced a slower market toward the end of December -- which wasn't unexpected because of the holiday season -- but January was a solid one for activity.January sales were down 28% YOY and February may be down 35%. To me that does not appear to be a continuation of 'solid activity', although I do see a pattern.He expects February to be a continuation of that pattern.
Feb 21Is it funny or sad that the article quotes the president of the Calgary Real Estate Boar, another REALTOR and shows an ad for REALTORs?
Feb sales are down 17% from the 7-year average.
Feb 20
With 4690 single family homes on the market, we have more than double the inventory compared to Feb 2007, yet prices continue to rise and the time required to sell a house has gone down dramatically. Over the past week, it took an average of 37 days for a home to sell. In January, the average was 50.
Another stat to consider is the Month Of Inventory. This represents the amount of time at the current sales rate it would take to sell all the inventory.
SFH from Feb 1-20 (Mike's Site)
Sales: 827
Inventory: 4703
MOI = (4703/827)*(20/30)
MOI = 3.8 (buyer's market)
| oungstown-Warren-Boardman | OH-PA | $72.60 |
| Saginaw-Saginaw Township North | MI | $74.90 |
| Decatur | IL | $75.00 |
| Elmira | NY | $81.20 |
| South Bend-Mishawaka | IN | $86.30 |
| Ft. Wayne | IN | $90.90 |
| Canton-Massillon | OH | $98.10 |
| Erie | PA | $98.60 |
| Davenport-Moline-Rock Island | IA-IL | $102.10 |
| Toledo | OH | $104.00 |
| Buffalo-Niagara Falls | NY | $105.40 |
| Dayton | OH | $106.60 |
| Springfield | IL | $108.60 |
| Akron | OH | $109.10 |
| Lansing-E.Lansing | MI | $109.60 |
| Binghamton | NY | $110.00 |
| Topeka | KS | $112.30 |
| Rockford | IL | $113.20 |
| Beaumont-Port Arthur | TX | $113.60 |
| Wichita | KS | $113.80 |
| Indianapolis | IN | $114.00 |
| Waterloo/Cedar Falls | IA | $115.40 |
| Cumberland | MD-WV | $116.60 |
| Pittsburgh | PA | $116.90 |
| Peoria | IL | $118.50 |
| Cleveland-Elyria-Mentor | OH | $118.60 |
| Amarillo | TX | $120.20 |
| Springfield | MO | $120.70 |
| Rochester | NY | $120.80 |
| Jackson | MS | $120.90 |
| Chattanooga | TN-GA | $121.60 |
| Spartanburg | SC | $121.80 |
| Charleston | WV | $122.90 |
| Grand Rapids | MI | $124.30 |
| Memphis | TN-MS-AR | $124.30 |
| Kankakee-Bradley | IL | $124.40 |
| Gary-Hammond | IN | $124.60 |
| Syracuse | NY | $126.30 |
| Little Rock-N. Little Rock | AR | $127.50 |
| Appleton | WI | $130.90 |
| Cincinnati-Middletown | OH-KY-IN | $132.40 |
| Louisville | KY-IN | $133.00 |
| Detroit-Warren-Livonia | MI | $133.30 |
| Saint Louis | MO-IL | $133.50 |
| El Paso | TX | $133.60 |
| Oklahoma City | OK | $133.80 |
| Cedar Rapids | IA | $134.90 |
| Shreveport-Bossier City | LA | $135.40 |
| Omaha | NE-IA | $135.70 |
| Columbus | OH | $137.20 |
| Mobile | AL | $137.40 |
| Corpus Christi | TX | $137.90 |
| Lincoln | NE | $138.10 |
| Fargo | ND-MN | $141.70 |
| Sioux Falls | SD | $142.40 |
| Lexington-Fayette | KY | $142.90 |
| Montgomery | AL | $143.40 |
| Champaign-Urbana | IL | $143.60 |
| Bismarck | ND | $144.70 |
| Columbia | SC | $144.90 |
| Dallas-Fort Worth-Arlington | TX | $145.00 |
| Bloomington-Normal | IL | $145.30 |
| Kansas City | MO-KS | $148.20 |
| Green Bay | WI | $148.90 |
| Houston-Baytown-Sugar Land | TX | $150.30 |
| Gulfport-Biloxi | MS | $150.40 |
| Greensboro-High Point | NC | $150.70 |
| Palm Bay-Melbourne-Titusville | FL | $151.30 |
| San Antonio | TX | $151.70 |
| Des Moines | IA | $152.60 |
| Reading | PA | $153.60 |
| Knoxville | TN | $155.00 |
| Ocala | FL | $155.10 |
| Greenville | SC | $155.40 |
| Birmingham-Hoover | AL | $156.10 |
| Pensacola-Ferry Pass-Brent | FL | $156.40 |
| New Orleans-Metairie-Kenner | LA | $158.20 |
| Glens Falls | NY | $163.90 |
| Atlanta Sandy Springs-Marietta | GA | $164.30 |
| Baton Rouge | LA | $169.70 |
| Yakima | WA | $170.60 |
| Kennewick-Richland-Pasco | WA | $172.40 |
| Jacksonville | FL | $177.60 |
| Durham | NC | $178.10 |
| Tallahassee | FL | $180.90 |
| Deltona-Daytona Beach-Ormond Beach | FL | $181.10 |
| Austin-Round Rock | TX | $185.70 |
| Farmington | NM | $186.50 |
| Hagerstown-Martinsburg | MD-WV | $192.10 |
| Spokane | WA | $194.10 |
| Albuquerque | NM | $195.90 |
| Gainesville | FL | $196.70 |
| Boise City-Nampa | ID | $198.00 |
| Dover | DE | $199.60 |
| Albany-Schenectady-Troy | NY | $199.70 |
| Tampa-St.Petersburg-Clearwater | FL | $201.60 |
| Pittsfield | MA | $202.60 |
| Charleston-North Charleston | SC | $204.50 |
| U.S. | Median | $206.20 |
| Charlotte-Gastonia-Concord | NC-SC | $204.70 |
| Springfield | MA | $206.40 |
| Colordo Springs | CO | $210.70 |
| Minneapolis-St. Paul-Bloomington | MN-WI | $217.20 |
| Milwaukee-Waukesha-West Allis | WI | $219.50 |
| Cape Coral-Fort Myers | FL | $225.30 |
| Richmond | VA | $225.70 |
| Philadelphia-Camden-Wilmington | PA-NJ-DE-MD | $226.80 |
| Madison | WI | $227.70 |
| Salt Lake City | UT | $229.10 |
| Denver-Aurora | CO | $230.10 |
| Salem | OR | $231.20 |
| Raleigh-Cary | NC | $235.60 |
| Tucson | AZ | $235.80 |
| Virginia Beach-Norfolk-Newport News | VA-NC | $236.00 |
| Eugene-Springfield | OR | $237.60 |
| Orlando | FL | $240.40 |
| Phoenix-Mesa-Scottsdale | AZ | $241.70 |
| Portland-South Portland-Biddeford | ME | $242.10 |
| Kingston | NY | $246.10 |
| Allentown-Bethlehem-Easton | PA-NJ | $246.50 |
| Norwich-New London | CT | $252.40 |
| Hartford-West Hartford-East Hartford | CT | $258.00 |
| Worcester | MA | $259.00 |
| Chicago-Naperville-Joliet | IL | $261.00 |
| New Haven-Milford | CT | $268.80 |
| Providence-New Bedford-Fall River | RI-MA | $273.20 |
| Las Vegas-Paradise | NV | $273.50 |
| Sarasota-Bradenton-Venice | FL | $274.10 |
| Baltimore-Towson | MD | $275.10 |
| Atlantic City | NJ | $278.80 |
| Saskatoon* | SK | $284.50 |
| Portland-Vancouver-Beaverton | OR-WA | $290.50 |
| Sacramento--Arden-Arcade--Roseville | CA | $297.60 |
| Reno-Sparks | NV | $301.30 |
| Trenton-Ewing | NJ | $306.80 |
| Riverside-San Bernardino-Ontario | CA | $338.00 |
| Miami-Fort Lauderdale-Miami Beach | FL | $345.90 |
| Edmonton | AB | $364.00 |
| NY: Edison | NJ | $370.30 |
| Boulder | CO | $371.10 |
| Seattle-Tacoma-Bellevue | WA | $377.50 |
| Boston-Cambridge-Quincy | MA-NH** | $380.70 |
| Barnstable Town | MA | $382.30 |
| Washington-Arlington-Alexandria | DC-VA-MD-WV | $400.10 |
| Calgary | AB | $410.00 |
| NY: Newark-Union | NJ-PA | $435.80 |
| New York-Northern New Jersey-Long Island | NY-NJ-PA | $457.40 |
| Bridgeport-Stamford-Norwalk | CT | $460.20 |
| NY: Nassau-Suffolk | NY | $461.70 |
| Los Angeles-Long Beach-Santa Ana | CA | $509.70 |
| San Diego-Carlsbad-San Marcos | CA | $522.90 |
| New York-Wayne-White Plains | NY-NJ | $523.30 |
| Honolulu | HI | $625.30 |
| Fort McMurray* | AB | $632.50 |
| Anaheim-Santa Ana | CA | $657.40 |
| Greater Vancouver** | BC | $742.50 |
| San Francisco-Oakland-Fremont | CA | $777.30 |
| San Jose-Sunnyvale-Santa Clara | CA | $845.30 |
...housing market uncertainty in the U.S. is prompting more Canucks to buy winter retreats in Canada...Tight market fuels winter retreat boom
While a $650,000 condo or $1.4-million chalet in Whistler sounds pricey, their comparative affordability has Europeans buying, Mr. Soper said
“High levels of demand combined with limited inventory have pressured winter recreational property prices upward — a trend expected to continue well into the future,” said Lisa da Rocha, vice-president of marketing communications at Royal LePage.
...Canadians in search of winter recreational properties are casting a jaundiced eye on the subprime-tainted market south of the border. Instead, they are favouring properties in Canada, which is helping to drive up prices across the country...
"We expect to see strong demand from three types of purchasers over the next few years: baby boomers approaching retirement or inheriting wealth, professionals who are able to work from satellite or home offices and foreign visitors looking to get away from crowded cities, Hawker said.
... the uncertainty clouding the U.S. housing market now has many Canadians favouring properties north of the border.
Canadians in search of winter recreational properties are casting a jaundiced eye on the subprime-tainted market south of the border, according to a study by Royal LePage Real Estate Services.
Canadians aren't just looking south for real estate this winter, with recreational properties across the country seeing relatively strong demand, according to a report released yesterday by Royal LePage Real Estate Services.
Canadians are homebodies when it comes to their winter recreational property desires, particularly in these times of U.S. economic turmoil, according to a Royal LePage survey.The Calgary Herald, Edmonton Journal and the Vancouver Sun are all owned by CanWest Global Communications. Here is an extensive list of CanWest Holdings in case you are concerned about media concentration.
The article Women lead revolution in home ownership serves up the 'conventional wisdom' of home ownership with little analysis.Atkinson fits the profile of individual Canadian women homeowners who are single, financially savvy and most likely to purchase a condominium, according to a new national poll released Thursday.Do not let these empty assertions from the financial industry influence you. Try to separate information from catch-phrases and then do the math yourself.
"I never wanted to rent because I figured it was a waste of money.
Seven in 10 Canadian women homeowners bought their properties as a "good investment," with 29 being their average age when they made their first purchase.
Michelle Atkinson, 26, who entered the real estate market 21/2 years ago, is part of an emerging demographic of women who are single, financially savvy and opting for condominiums.
"With more and more Canadian women marrying later in life or remaining single, we're seeing the emergence of the young, financially savvy woman who's taking on the commitments, joys and responsibilities of owning a home," said Joan Dal Bianco, vice-president of real estate secured lending for TD Canada Trust.
"Right across the country, they are investing in themselves and in their futures by becoming homeowners, and in doing so are strongly reinforcing their financial and personal freedom," she said.
