What is Selling in Okanagan Shuswap Real Estate (YourOkanaganRealEstateUmbrella.com)
Approximately $30 Million in property value spread over 90 transactions traded in the week of Nov1 – 8, 2010.
Moderate Rise in Home Sales Forecast (BCREA)
BC Multiple Listing Service® (MLS®) residential sales are forecast to decline 12 per cent from 85,028 units in 2009 to 74,950 units this year, before increasing 6 per cent to 79,700 units in 2011.
Housing set to find even keel in spring (Globe and Mail)
“There are many reasons to now be optimistic,” said TD Bank senior economist Pascal Gauthier, who called for prices to fall 10 per cent from peak to trough but now expects to issue a more upbeat forecast later this week. “I think there are now limits to both the upside and the downside – things may have firmed up quicker than we expected.”
New house prices edge higher (Globe and Mail)
New home prices rose in 10 of the 21 cities in the index, edged down in three and were unchanged in either, Statistics Canada said. Compared with September 2009, prices climbed 2.7 per cent.
Boomers not opting for condos when they downsize (Globe and Mail)
it looks as if another generation or two will have to go by before the high-rise apartment becomes a viable retirement alternative to the stand-alone house.
Canada’s housing market ‘pricey, not dicey,’ BMO says (Globe and Mail)
Canada's housing market is moderately overvalued but not a bubble waiting to be burst, BMO Nesbitt Burns says.
No housing bubble here, says BMO (Toronto Star)
Average housing prices are about 11 per cent overvalued, but the market is not experiencing a “bubble” and is unlikely to suffer a U.S.-style collapse, says a report by the Bank of Montreal released Monday.
Canadian mortgages top $1 trillion (Toronto Star)
The Canadian Association of Mortgage Professionals says in its annual report that the value of outstanding mortgages is now 7.6 per cent higher than it was last year.
Canadian Real Estate Association Introduces Hand Held House-Hunting with New Mobile Application (CREA)
The Canadian Real Estate Association (CREA) unveiled its latest home buying and selling innovation, a new mobile application of REALTOR.ca for Windows® Phone 7.
Expert expects market turnaround (Calgary Herald)
"Why is the market in the doldrums? Truthfully, I don't really know, but I believe we're at the tail-end of this thing," says the broker-owner of Royal LePage Foothills following the release of the latest house price survey.
See you online,
Brell ~ Brenda Ellis REALTOR ®
Your Okanagan Real Estate Umbrella
with Century 21 Executives Realty Ltd
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2
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