Sunday, November 27, 2011
Friday, November 25, 2011
Tuesday, November 22, 2011
post
Canadian home sales edge higher in October
OTTAWA – November 15, 2011 – According to statistics1 released today by The Canadian Real Estate Association (CREA),
national resale housing activity picked up a little further in October 2011 following the uptick in September.
Highlights:
• Sales activity rose in October, marking the highest level since January.
• Actual (not seasonally adjusted) national sales activity in October stayed in line with the 10-year average for the month,
as it has most months this year.
• Year-to-date sales are also even with the 10-year average.
• The number of newly listed homes remained little changed from levels in the previous three months.
• While the combination of stronger sales and stable new listings resulted in a slightly tighter balance of supply and
demand, the national housing market remains firmly rooted in balanced territory.
• The national average price posted a 5.5 per cent year-over-year gain in October, the smallest increase since January.
Homes sold through MLS® Systems of real estate Boards and Associations in Canada rose 1.2 per cent in October 2011 from the
previous month. While national sales activity levels are still best described as average, the monthly rise in October sales built on the
2.5 per cent gain in September, and lifted activity to the highest level since January.
Just over half of all local markets posted monthly sales increases, led by gains in Montreal, Toronto, and Vancouver.
“There was no shortage of headline news in October about global financial market volatility and economic uncertainty, but it doesn’t
appear to have dampened homebuyers’ spirits,” said Gary Morse, CREA’s President. “Interest rates are at low levels and are likely to
stay that way for some time to come. Homebuyers clearly see the opportunities that the current interest rate environment presents.
That said, all real estate is local, so buyers and sellers should consult their local REALTOR® for an understanding of opportunities
in their housing market.”
As has been the case in most months this year, actual (not seasonally adjusted) national home sales in October stayed in line with
the 10-year average for the month. Although up 8.5 per cent from levels one year ago, the gain in large part reflects last year’s
nascent pick-up in activity following a mid-year lull.
A total of 397,561 homes have traded hands via Canadian
MLS® Systems so far this year. This represents an increase
of 1.8 per cent from levels in the first 10 months of 2010, but
is directly in line with the 10-year average for the year-to-date
figure. (Chart A)
The number of newly listed homes remained little changed
in October compared with levels recorded in each of the
previous three months.
“The prevailing economic outlook for Canada is one of slower
but still positive economic growth, with heightened caution
about investment and hiring decisions,” said Gregory Klump,
CREA’s Chief Economist. “Consumer confidence and the
housing sector are being supported by low interest rates and
high employment levels, but their prospects depend on how
Canada’s economic outlook evolves in response to global
economic risks and outcomes in the months ahead.
1 All figures in this release, unless otherwise noted, are seasonally adjusted to remove normal seasonal variation. Removing regular seasonal variations enables
analysis of monthly changes and fundamental trends in the data.
٭ Data table available to media upon request, for purposes of reprinting only.
Chart A
News Release
The Canadian Real Estate Association
Home sales activity over the past couple of months suggests buyers are confident that the Canadian economy will remain relatively
unscathed by global economic risks, since every home purchase is a homebuyer’s vote of confidence in the future. That confidence
is no doubt rooted in the success of coordinated fiscal and monetary policy responses that helped quickly pull Canada out of the last
recession, and a stated willingness and ability to carry out further policy actions if need be.”
While the combination of stable new listings and stronger sales made for a slightly tighter balance between supply and demand in
October, the national housing market remains firmly rooted in balanced territory. The national sales-to-new listings ratio, a measure
of market balance, stood at 53.4 per cent in October, up from 52.8 per cent in September.
Based on a sales-to-new listings ratio from 40 to 60 percent, about 60 per cent of local markets in Canada were in balanced market
territory in October. Of the remaining markets, there was a handful more seller’s markets than buyers’ markets.
The number of months of inventory stood at six months at the end of October on a national basis, little changed from the end of
September (6.1 months). It has remained stable at about six months since April. The number of months of inventory represents the
number of months it would take to sell current inventories at the current rate of sales activity, and is another measure of the balance
between housing supply and demand.
The actual (not seasonally adjusted) national average price for homes sold in October 2011 stood at $362,899. This is up 5.5 per
cent from October 2010, making it the smallest increase since January.
PLEASE NOTE: The information contained in this news release combines both major market and national MLS® sales
information from the previous month.
CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual
prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas.
Statistical information contained in this report includes all housing types.
MLS® is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties listed
for sale.
The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than
100,000 REALTORS® working through more than 100 real estate Boards and Associations.
Further information can be found at http://www.crea.ca/public/news_stats/media.htm.
- 30 -
Jonathan J. Knight
Broker - Re/Max Clearview
O - 705 428 4500
P - 705 441 6839
F - 705 428 5951
post
Canadian home sales edge higher in October
OTTAWA – November 15, 2011 – According to statistics1 released today by The Canadian Real Estate Association (CREA),
national resale housing activity picked up a little further in October 2011 following the uptick in September.
Highlights:
• Sales activity rose in October, marking the highest level since January.
• Actual (not seasonally adjusted) national sales activity in October stayed in line with the 10-year average for the month,
as it has most months this year.
• Year-to-date sales are also even with the 10-year average.
• The number of newly listed homes remained little changed from levels in the previous three months.
• While the combination of stronger sales and stable new listings resulted in a slightly tighter balance of supply and
demand, the national housing market remains firmly rooted in balanced territory.
• The national average price posted a 5.5 per cent year-over-year gain in October, the smallest increase since January.
Homes sold through MLS® Systems of real estate Boards and Associations in Canada rose 1.2 per cent in October 2011 from the
previous month. While national sales activity levels are still best described as average, the monthly rise in October sales built on the
2.5 per cent gain in September, and lifted activity to the highest level since January.
Just over half of all local markets posted monthly sales increases, led by gains in Montreal, Toronto, and Vancouver.
“There was no shortage of headline news in October about global financial market volatility and economic uncertainty, but it doesn’t
appear to have dampened homebuyers’ spirits,” said Gary Morse, CREA’s President. “Interest rates are at low levels and are likely to
stay that way for some time to come. Homebuyers clearly see the opportunities that the current interest rate environment presents.
That said, all real estate is local, so buyers and sellers should consult their local REALTOR® for an understanding of opportunities
in their housing market.”
As has been the case in most months this year, actual (not seasonally adjusted) national home sales in October stayed in line with
the 10-year average for the month. Although up 8.5 per cent from levels one year ago, the gain in large part reflects last year’s
nascent pick-up in activity following a mid-year lull.
A total of 397,561 homes have traded hands via Canadian
MLS® Systems so far this year. This represents an increase
of 1.8 per cent from levels in the first 10 months of 2010, but
is directly in line with the 10-year average for the year-to-date
figure. (Chart A)
The number of newly listed homes remained little changed
in October compared with levels recorded in each of the
previous three months.
“The prevailing economic outlook for Canada is one of slower
but still positive economic growth, with heightened caution
about investment and hiring decisions,” said Gregory Klump,
CREA’s Chief Economist. “Consumer confidence and the
housing sector are being supported by low interest rates and
high employment levels, but their prospects depend on how
Canada’s economic outlook evolves in response to global
economic risks and outcomes in the months ahead.
1 All figures in this release, unless otherwise noted, are seasonally adjusted to remove normal seasonal variation. Removing regular seasonal variations enables
analysis of monthly changes and fundamental trends in the data.
٭ Data table available to media upon request, for purposes of reprinting only.
Chart A
News Release
The Canadian Real Estate Association
Home sales activity over the past couple of months suggests buyers are confident that the Canadian economy will remain relatively
unscathed by global economic risks, since every home purchase is a homebuyer’s vote of confidence in the future. That confidence
is no doubt rooted in the success of coordinated fiscal and monetary policy responses that helped quickly pull Canada out of the last
recession, and a stated willingness and ability to carry out further policy actions if need be.”
While the combination of stable new listings and stronger sales made for a slightly tighter balance between supply and demand in
October, the national housing market remains firmly rooted in balanced territory. The national sales-to-new listings ratio, a measure
of market balance, stood at 53.4 per cent in October, up from 52.8 per cent in September.
Based on a sales-to-new listings ratio from 40 to 60 percent, about 60 per cent of local markets in Canada were in balanced market
territory in October. Of the remaining markets, there was a handful more seller’s markets than buyers’ markets.
The number of months of inventory stood at six months at the end of October on a national basis, little changed from the end of
September (6.1 months). It has remained stable at about six months since April. The number of months of inventory represents the
number of months it would take to sell current inventories at the current rate of sales activity, and is another measure of the balance
between housing supply and demand.
The actual (not seasonally adjusted) national average price for homes sold in October 2011 stood at $362,899. This is up 5.5 per
cent from October 2010, making it the smallest increase since January.
PLEASE NOTE: The information contained in this news release combines both major market and national MLS® sales
information from the previous month.
CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual
prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas.
Statistical information contained in this report includes all housing types.
MLS® is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties listed
for sale.
The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than
100,000 REALTORS® working through more than 100 real estate Boards and Associations.
Further information can be found at http://www.crea.ca/public/news_stats/media.htm.
- 30 -
Jonathan J. Knight
Broker - Re/Max Clearview
O - 705 428 4500
P - 705 441 6839
F - 705 428 5951
Monday, November 21, 2011
THEY ARE INSANE>>>>>>>What DND will pay to campus: $635M revamp Nortel's former Carling http://ping.fm/bpr6M
Wednesday, November 16, 2011
too bad they can't see the importance as the ... Feds rule out high-speed rail funding for Windsor-Quebec corridor http://ping.fm/6n2g8
Wednesday, November 9, 2011
Monday, November 7, 2011
in the crea news
The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on October 25, 2011. This marks the ninth consecutive announcement in which interest rates have been held steady.
The tone of the accompanying statement was very dovish, with the Bank noting that “the global economy has slowed markedly as several downside risks to the projection outlined in the Bank’s July Monetary Policy Report (MPR) have been realized.”
Of particular note, the Bank said it now expects a “brief recession” in the Eurozone. The Bank remains of the opinion that the euro-area crisis will be contained, but flagged obvious downside risks to that assumption.
As a result of this and other factors, the Bank has downgraded its forecast Canadian economic growth this year (2.1% compared to 2.8% in the July MPR) and for 2012 (1.9% compared to 2.6% in the July MPR).
That said, the outlook for growth in 2013 was upgraded to 2.9% from 2.1%, indicating the Bank believes that anticipated stronger growth will eventually be achieved. Along with the return of more robust economic activity being pushed further out into the future, core inflation is now expected to remain below the Bank’s 2% target until the end of 2013.
What it all means is that interest rates will likely be on hold even longer. Expectations as to how long it would be before the Bank hikes rates had previously centered around the fall of 2012, although it will now more likely be into 2013 before the Bank begins to tighten monetary policy from current levels.
As of October 25, 2011, the advertised five-year lending rate stood at 5.29 per cent. This is down 0.1 percentage points from 5.39 per cent on September 7, when the Bank made its last policy interest rate announcement.
The Bank will make its next scheduled rate announcement on December 6th, 2011.
http://creastats.crea.ca/natl/interest_rate_trends.htm
(CREA 10/25/2011)
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Emailing: CMHC Housing Research e-Newsletter 2011-11-07
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Fw: Forget the Stock Markets - Real Value is Canadian Housing
Jonathan J. Knight
Broker
RE/MAX Clearview Inc. Brokerage
202 Montreal St, Stayner L0M 1S0
705 428 4500 - office
705 441 6839 - direct
705 428 5951 - fax
877 441 6839 - free
www.jonjknight.com
looking for real estate?
www.letmeknow.ca
Broker
RE/MAX Clearview Inc. Brokerage
202 Montreal St, Stayner L0M 1S0
705 428 4500 - office
705 441 6839 - direct
705 428 5951 - fax
877 441 6839 - free
www.jonjknight.com
looking for real estate?
www.letmeknow.ca
From: "Michael Polzler " <remaxinfo@remax-oa.com>
Sender: remaxinfo@remax-oa.cp20.com
Date: Mon, 7 Nov 2011 08:09:47 -0500
To: <jonjknight@gmail.com>
Subject: Forget the Stock Markets - Real Value is Canadian Housing
Please add remaxinfo@remax-oa.com to your address book, CLICK HERE to view this email. | ||
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