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REMAX News July 2009
Recovery underway in key Canadian markets ends buyer dominance in resale housing. Pent-up demand for residential housing has bolstered sales in Canada’s major markets—a clear signal that the housing sector has shifted into recovery mode, says RE/MAX. Jul. 13, 2009 Mississauga, ON. (July 13, 2009) – Pent-up demand for residential housing has bolstered sales in Canada’s major markets—a clear [...]
Continue reading...Remax News – Gen X flex purchasing muscle in recreational markets
2. June 2009
Gen X to flex new purchasing muscle in recreational property markets across Canada, says RE/MAX Mississauga, ON (June 2, 2009) -- Generation X purchasers are poised to replace aging baby boomers as the major force in recreational property markets across the country, according to a report released today by RE/MAX. The demographic shift was noted in the 2009 RE/MAX [...]
Continue reading...Average Price?
6. January 2009
The media buzz word of the moment is "Average Price" and mainly used in the context that the average price of homes has dropped XYZ percentage. The reality is, when taking either national or even local community statistics; it is assuming incorrectly that there is an average property. This "average price" might well give an indication of [...]
Continue reading...RE/MAX Housing Market Outlook 09
3. December 2008
Threat of global recession to hinder home sales in major Canadian housing markets in 2008 and 2009, says RE/MAX Recovery linked to economic stability next year Mississauga, ON (December 3, 2008)Global economic uncertainty weighed heavily on residential real estate activity in most major Canadian centres during the latter half of 2008. Although the forecast for 2009 promises more of the same, most markets are expected to weather the storm, says RE/MAX. The RE/MAX Housing Market Outlook for 2009 examined residential real estate trends in 22 markets across the country and found that average price held up remarkably well in 2008, despite 13 centres reporting double?digit declines in home sales. Solid gains earlier in the year likely served to prop?up housing values at year?end. The prognosis for housing activity in the first six to nine months of 2009 is somewhat static, given continued volatility in financial markets and the threat of recession, but as stability returns to the financial sector, housing markets are expected to recover. Nationally, 440,000 homes are expected to change hands in 2008, down 15 per cent from record 2007 levels. Canadian housing values are expected to hover at $300,000, a nominal three per cent decline from last year's historic peak. By year?end 2009, unit sales should match 2008 levels, while average price is forecast to fall another two per cent to $293,000. "Housing market performance will clearly be contingent on economic performance at a local, provincial, and national level in 2009," says Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario?Atlantic Canada. "Issues affecting the overall economy are impacting housing markets across the country and the situation is not expected to be remedied until consumer confidence is restored. That said, we could see a bounce back as early as spring - if inventory levels remain stable, pent?up demand kicks into gear, and lower interest rates stimulate home?buying activity." Major markets are evenly split in terms of housing performance in 2009, with 11 centres forecast to match or exceed 2008 home sales and 11 expected to slide from 2008 levels. The highest percentage increase in unit sales is anticipated in Saskatoon, where the number of homes sold is forecast to climb three per cent in 2009. Housing values are expected to hold the line in 2009, with St. John's, Montreal, Kingston, London, Winnipeg, Saskatoon, and Regina posting modest gains in average price in 2009. "Canada's real estate environment is considerably more complex than it has been in recent years," says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. "The landscape is definitely changing ?? with most markets shifting into either balanced or buyer's territory. The shut out is over. Sellers no longer rule the roost. Opportunities exist for purchasers like never before, including lower interest rates, greater inventory levels, the luxury of time to make decisions, and the upper?hand at the negotiating table. Motivated vendors will need to take note of the new mindset and set their prices accordingly." Canadian sellers are slowly adjusting to new realities. For most markets, 2008 started in balanced territory and moved into buyer's market conditions during the latter half of 2008. The year ahead will prove challenging, especially for vendors. "While the economy will dictate real estate performance next year, it's important to remember that demand still exists in the marketplace," says Sylvain Dansereau, Executive Vice President, RE/MAX Quebec. "In the midst of stock market turmoil, sold signs continue to appear on lawns across the country. With affordable lending rates and increased selection, first?time and move? up buyers with good credit may choose to play their investment strategy safe and purchase a home. The comfort of a tangible investment like real estate goes a long way in tough times." RE/MAX is Canada's leading real estate organization with over 18,000 sales associates situated throughout its more than 670 independently owned and operated offices across the country. The RE/MAX franchise network, now in its 35th year, is a global real estate system operating in close to 70 countries. More than 7,000 independently owned offices engage more than 100,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral and asset management. For more information, visit: www.remax.ca., or call Valerie at 905-338-9000.
Continue reading...Tax Assessments to rise in 2009
17. November 2008
Ontario residential property taxpayers will see an average assessment increase of five percent in 2009, the first year of a four-year phase-in plan. "Residential property values have increased by an average of approximately 20 percent across Ontario since 2005, when the last assessment update was done," Carl Isenburg, President and Chief Administrative Officer of the Municipal Property [...]
Continue reading...Green Leases – Going green just got easier
17. November 2008
Green leases make going green easier for commercial buildingsThe need for and benefits of green commercial buildings have been discussed for several years, and many commercial landlords agree that green is the way to go. Through best practices in energy measuring, monitoring and management, Canada's commercial landlords are realizing the advantages of reducing energy consumption. The benefits [...]
Continue reading...A note from Valerie – Real Estate is Local
6. November 2008
Media headlines and the mainly negative news that drives them, with respect to the unstable financial markets, fuel prices, slow economic growth and a level of uncertainty in the real estate market, has definitely had an effect on consumer confidence. Resale housing sales activity is easing from its peak last year and buyers are taking more [...]
Continue reading...Investment in home improvement, key in competitive housing market
1. October 2008
An increasingly competitive housing environment is prompting a significant number of Ontario homeowners to invest in renovation before listing their homes for sale, according to a recent survey by RE/MAX Ontario-Atlantic Canada. The RE/MAX Survey of Home Buying and Selling Trends in Ontario, conducted by COMPAS Research, in the first half of 2008 found 79 per cent of [...]
Continue reading...RE/MAX Press Release – Yard Sale for the Cure
11. July 2008
RE/MAX sales associates and support staff raise more than $100,000 for Yard Sale for the Cure Mississauga, ON (June 25, 2008) -- RE/MAX sales associates and support staff in more than fifty communities across the country threw their wholehearted support behind Yard Sale for the Cure this year, raising close to $115,000 in the [...]
Continue reading...Thanks for the Support
24. June 2008
I wanted to thank everyone that donated their time and money to the Heart and Stroke Foundation Big Bike Ride on June 19th you really did help make it a success. My team the RE/MAX Wheeltors ended up raising the most amount of money for the charity. So thanks again for all the support! I am looking forward to [...]
Continue reading...- NEW LISTING: In the heart of Oakville’s downtown! 185 Robinson Street, TH # 2
- Onwards Into 2010
- LISTED AND SOLD IN 3 DAYS! 2470 Wooden Hill Circle, West Oak Trails Oakville
- OPEN HOUSE & NEW PRICE: South East Oakville- Saturday and Sunday February 13th and14th, 2010 2-4pm
- Donate: Haiti Earthquake Relief
- NEW LISTING: 1447 Constance Drive, South East Oakville
- Watch: Prom Night in Mississippi: One town. Two proms. Until now.
- SOLD IN JUST 12 HOURS FOR OVER 100% OF LIST PRICE!
- NEW LISTING: 2142 Oakmead Blvd, River Oaks Oakville
- Good News! Toronto Sun Reader’s Choice Award!
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14. July 2009
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