FLAHERTY SAYS NO MORE MORTGAGE CHANGES – FOR NOW
Although there have been several reports of late indicating that debt in this country is on the rise, Jim Flaherty does not believe that the answer lies in more mortgage and lending restrictions.
Flaherty cites the health of the Real Estate market in this country as the main reason that there is no immediate need to further impose lending restrictions.
Property Wire Canada
Friday, June 24, 2011
A Moment with Marianne...
HOME PROJECTS FOR JUNE
Summer has just arrived. Put these home projects on the Must-do list for June & get the house ready for the dog days of summer.
AIR CONDITIONER CHECKUP
Don’t wait until it dies to have the a/c serviced. Make sure it’s ready for the hottest months of the year. Properly maintained, the cooling system runs more efficiently & has a longer life expectancy.
PROGRAMMABLE THERMOSTAT
Traditional thermostats can waste both money & energy. Consider installing a programmable thermostat.
TURN ON CEILING FANS
When used properly, fans can greatly improve comfort levels. Ceiling fans make people feel cooler by circulating air across the skin and creating a wind chill effect.
REPAIR SCREENS
If damaged, screens can allow insects, leaves & other debris to get into the home. Check all windows and doors and repair any damaged screens.
Clint Briscoe
McClatchy-Tribune News
AIR CONDITIONER CHECKUP
Don’t wait until it dies to have the a/c serviced. Make sure it’s ready for the hottest months of the year. Properly maintained, the cooling system runs more efficiently & has a longer life expectancy.
PROGRAMMABLE THERMOSTAT
Traditional thermostats can waste both money & energy. Consider installing a programmable thermostat.
TURN ON CEILING FANS
When used properly, fans can greatly improve comfort levels. Ceiling fans make people feel cooler by circulating air across the skin and creating a wind chill effect.
REPAIR SCREENS
If damaged, screens can allow insects, leaves & other debris to get into the home. Check all windows and doors and repair any damaged screens.
Clint Briscoe
McClatchy-Tribune News
Monday, June 13, 2011
COMING SOON SENIORS' REAL ESTATE SEMINAR
This Seminar is especially directed to Seniors who are thinking of selling their current home sometime in the future.
There are so many considerations and decisions that must be made when this time arrives. Marianne has an ASA degree (Accredited Seniors’ Agent) and, although she deals with the broad perspective, she specializes in working with Seniors. She has designed this Seminar to assist with their future planning. There will be talks by a professional Stager, a Real Estate Lawyer and a Realtor. In addition other related service people will be available to consult with participants.
The Seminar is scheduled for the afternoon of Wednesday, September 28th – if you or anyone you know is interested, please call Sharon Carson at 613-788-7490 for further details.
Friday, June 10, 2011
Ottawa resale housing market remains in balance
Members of the Ottawa Real Estate Board sold 1,659 residential properties in May through the Board’s Multiple ListingService® system compared with 1,686 in May 2010, a decrease of 1.6 per cent.
Of those sales, 369 were in the condominium property class, while 1,290 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.), which is registered as a condominium, as well as properties, which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.
According to the Canada Mortgage and Housing Corporation (CMHC) in their Spring 2011 Ottawa Housing Market Outlook, the Ottawa Census Metropolitan Area (CMA) transitioned from a seller’s market to a balanced market in 2010 and will remain in that territory in 2011. CMHC analysts define Ottawa’s resale housing market as balanced when between 35 and 55 per cent of the number of homes listed for sale (new listings) in a given month are sold.
“Sales numbers for May were virtually unchanged from 2010, but prices continued to rise at about the same rate as we have seen for the past few months, demonstrating solid demand for resale housing in our area,” said Board President Joanne Tibbles. “A balanced market offers no distinct advantage to either buyers or sellers, so I’d advise anyone thinking of buying or selling to work with a local REALTOR® to help them achieve their goals. There are different strategies for marketing a home or making an offer to purchase in a balanced market versus a buyer’s or seller’s market. An Ottawa REALTOR® can help make the process easier for consumers,” Tibbles added.
The average sale price of residential properties, including condominiums, sold in May in the Ottawa area was $352,347, an increase of 5.6 per cent over May 2010. The average sale price for a condominium-class property was $261,871, an increase of 6.4 per cent over May 2010. The average sale price of a residential-class property was $378,228, an increase of 6 per cent over May 2010.
source Ottawa Real Estate Board June 2011
Of those sales, 369 were in the condominium property class, while 1,290 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.), which is registered as a condominium, as well as properties, which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.
According to the Canada Mortgage and Housing Corporation (CMHC) in their Spring 2011 Ottawa Housing Market Outlook, the Ottawa Census Metropolitan Area (CMA) transitioned from a seller’s market to a balanced market in 2010 and will remain in that territory in 2011. CMHC analysts define Ottawa’s resale housing market as balanced when between 35 and 55 per cent of the number of homes listed for sale (new listings) in a given month are sold.
“Sales numbers for May were virtually unchanged from 2010, but prices continued to rise at about the same rate as we have seen for the past few months, demonstrating solid demand for resale housing in our area,” said Board President Joanne Tibbles. “A balanced market offers no distinct advantage to either buyers or sellers, so I’d advise anyone thinking of buying or selling to work with a local REALTOR® to help them achieve their goals. There are different strategies for marketing a home or making an offer to purchase in a balanced market versus a buyer’s or seller’s market. An Ottawa REALTOR® can help make the process easier for consumers,” Tibbles added.
The average sale price of residential properties, including condominiums, sold in May in the Ottawa area was $352,347, an increase of 5.6 per cent over May 2010. The average sale price for a condominium-class property was $261,871, an increase of 6.4 per cent over May 2010. The average sale price of a residential-class property was $378,228, an increase of 6 per cent over May 2010.
source Ottawa Real Estate Board June 2011
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