Wednesday, January 23, 2013

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Thinking of a career selling real estate>?

Call 705 428 4500

And learn what Re/Max Clearview offers………….

www.joinremaxclearview.blogspot.com


“Using the systems that RE/MAX already had in place, I immediately started generating income.”

Jennifer Laughton

RE/MAX Prosperity Realty Phoenix, Arizona

JOIN THE MOST PRODUCTIVE TEAM IN REAL ESTATE.

Nobody in the world sells more real estate than RE/MAX.

When you’re supported by award-winning training, industry-leading tools and the most recognized brand in the industry, the business follows naturally.

The RE/MAX model serves top-producing agents, and those who aspire to be. At RE/MAX, you surround yourself with high-quality professionals. Performance inspires performance, and creates a high-energy, winning office environment.

Why would you choose to be with someone else, when you can join the best?

joinremax.com

DISCOVER THE RE/MAX DIFFERENCE

There are a number of reasons why RE/MAX agents outperform other agents.

Here are a few:

• An agent-focused philosophy

• High-commission concept – keep more of what you earn

• The most recognized brand in real estate

• Extensive services, training and technology

• A high-energy, productive environment

• A vast support system

• Free and effective lead generation

• Premier quality service

• Personal control over your business

REALITY VS. RUMOR

We’ve all heard the rumors. The competition’s spin would have you believe that RE/MAX offers minimal support, little training, and is just too expensive.

Nothing could be further from reality.

So before you make the biggest career decision of your life, be sure to separate fact from fiction.

And the fact is, the RE/MAX model was specifically designed to position you for success. You receive unparalleled training, support and brand awareness in a winning environment that encourages camaraderie and sharing the best ideas.

Discover more facts about RE/MAX by visiting joinremax.com, or talk to us in person at

(800) 525-7452.

COMPARE YOUR OFFICE TO RE/MAX

Scan this QR code with your smart phone using a free scanner app.

COMBINE YOURSTRENGTHS WITH OURS

RE/MAX offers you the training, tools and support to take your productivity to the next level. At the same time, you remain in control and enjoy theindependence to conduct your operations as you see fit.

The flexibility of the RE/MAX model puts you in prime position to reach your full potential in real estate.

And it’s one of the reasons why, among the top national franchiseorganizations, RE/MAX agents average 85% more transactions thanagents at the nearest competitor.

ENJOY A LARGER SLICE OF THE PIE

Not only do RE/MAX agents close more transactions, they also keep more of what they earn.

At RE/MAX, you won’t experience that sinking feeling watching your hard-earned commission getting split into a smaller and smaller slice after everyone takes their cut.

RE/MAX agents contribute their fair share toward monthlyoperational expenses. There are no surprises.

joinremax.com

“The value of RE/MAX is undeniable. The tools and resources at RE/MAX enable me to provide top-notch service to my clients. At the same time,I enjoy the freedom to make the key decisions to best run my business.”

Patrick Meehan Jr.

RE/MAX at Barnegat bay

Forked River, New JerseyKeller WilliamsCentury21PrudentialERAColdwellBanker

AVERAGE U.S. TRANSACTION

SIDES PER AGENT

13.5

WHERE DO YOU WANT TO BE?®

7.3

6.5

5.9

5.6

5.1

This chart of national franchise organizations is based upon 2009 data each organization provided to either REAL Trends, Inc. a leading industry analyst or to the United States Securities and Exchange Commission on Form 10-K. Annual report for 2009. Prudential data is based on REAL Trends estimates.

INSTANT RECOGNITION. INSTANT CREDIBILITY.

Want to make a real impression among potential clients?

Try placing the RE/MAX balloon logo next to your name.

When you attach the most recognized brand in real estate to yourbusiness, you establish an immediate connection with consumers.

The RE/MAX brand enhances your already-established credibility and market influence – which leads to more business, and more income.

“The RE/MAX brand makes a powerful statement about the professionalism and expertise I can offer clients.”

Ed ViselliRE/MAX Preferred RealtyWindsor, Ontario

joinremax.com

ADVERTISINGTHAT DRIVES BUSINESS

Through the years, billions of dollars havebeen invested in promoting the RE/MAX brand.

Consumers learn about the value of RE/MAX, and you,through an extensive ad campaign.

TV, radio, print, outdoor and online. Your RE/MAX ads are everywhere.

These ads build brand awareness and tout the benefits ofworking with you, a RE/MAX agent.

Additionally, the RE/MAX ad campaign serves another,yet equally important purpose: Every RE/MAX addrives consumers to your listings at remax.com®.

On average, remax.com delivers more than 4,000 leads to theRE/MAX membership every day, with no referral fees.Century 210%Prudential0%72.5%ERA .1%Coldwell Banker27.4%Keller Williams0%

U.S. TV SHARE OF VOICE

Adults 25-54/1-4Q 2009

Source: Nielsen Monitor-Plus / A25-54 GRPs Unequivalized

RE/MAX percentage of total ad impressions by national real estate franchises for ads purchased through nationwide buys.


“RE/MAX University gives me the training I need, at my convenience. It’s great to be able to earn a designation in the comfort of your home.”

Anne Marie Faulkner

RE/MAX Equity Group

Beaverton, Oregon

LEARN MORE TO EARN MORE.

You want the best training, and you want it at your convenience.

Through RE/MAX University, you receive education from the industry’s top experts, covering nearly every facet of real estate productivity.

More than 1,100 on-demand courses are available when and where you want them – online, on television or on your mobile device. It’s all offered through the latest high-speed distribution network.

Whether it is motivation, education, or information, RE/MAX University delivers.

joinremax.com

THE PROPERTIES MAY BE DISTRESSED. YOU DON’T HAVE TO BE.

Distressed properties are expected to constitute as much as half the market in the next few years, so training in this area is critical for business success.

RE/MAX University provides a number of courses for dealing with

distressed-property scenarios, including: short sales, deeds-in-lieu, forbearance, refinances and foreclosures.

As with other RE/MAX University programming, it’s all available on demand through a variety of platforms. Century 21 Prudential Coldwell Banker Keller Williams

More than 24,000 real estate agents have earned their CDPE Designation.

...MORE THAN 47% ARE

*

*As of August 31, 2010. The CDPE logo is a registered trademark of the Distressed Property Institute, LLC.


MORE LEADS FOR YOU

At RE/MAX, leads and referrals come often, and from all over.

In addition to a referral network that circles the globe, RE/MAX agents enjoy the benefits of LeadStreet®, an in-house system that sends an average of 120,000 leads to RE/MAX agents every month.

Leads distributed through LeadStreet come as a result of visitors toremax.com, the most visited real estate franchise Web site.

In total, LeadStreet has generated more than 9 million leads forRE/MAX agents since 2006 – with no referral fees chargedby RE/MAX.

“The technology and support at RE/MAX help me better serve my existing clients, while RE/MAX referral and lead systems help me connect with new ones.”

Barry Gates

RE/MAX ProfessionalsLawton, Oklahoma

joinremax.com

AT YOUR SERVICE:

TECH, TOOLS AND SUPPORT

RE/MAX remains on the forefront of technology, with the latest tools andsupport systems.

It’s all designed to help support your business and generate more income for you.

RE/MAXMAINSTREET®

RE/MAX DESIGN CENTER

RE/MAX WEB ROSTER

It’s like your ownpersonal ad agency. The RE/MAX Design Center offers more than 1,200templates for listingpresentations, Webvideos, and more.

Allows direct referrals between more than 90,000 agents around the world.

The RE/MAX intranet site at remax.net offers countless templates, services, tools andresources for growing your business.

RE/MAXONLINEADVERTISING KIT

RE/MAXTRAININGAND SUPPORT

RE/MAX SOCIALNETWORKING

REMAX.COM®

The RE/MAX consumer website is among the most visited sites in the real estate industry.Leads generated from remax.com aredelivered toRE/MAX agents.

RE/MAX on Facebook, YouTube, Twitter and elsewhere on the Web keeps you updated on the latest news andinformation.

Customize RE/MAX TV, radio, print and online ads with your personal message.

RE/MAX technology trainers offer regular webinars and online training programs, in addition to liveclassroom sessions.


RE/MAX COMMERCIAL®

The entrepreneurial-based business model of RE/MAX Commercialplaces the control of your business where it should be – with you,the commercial expert in your market.

RE/MAX Commercial gives you the autonomy to operate your businessas you see fit, while supporting you with superior lead-generation tools,training and resources – and the most recognized brand name inreal estate.

A global referral network of more than 90,000 agents funnel leads your way, while your listings are sent to 140,000 targeted prospects every month. And the RE/MAX Maximum Commission Concept ensures thatyou keep more of what you earn.

RE/MAX COMMERCIAL – A SNAPSHOT

More than 400 commercial offices and divisions

More than 3,000 commercial professionals in 42 countries

More than $65 billion in commercial volume since 2003

“I make more money with RE/MAX Commercial,period. The big commercial companies cannot touch the services and compensation modeled at RE/MAX Commercial.”

Mark Hulsey

RE/MAX Results Commercial

Minneapolis and St. Paul, Minnesota

joinremax.com

“The RE/MAX Collection helps my luxury homes stand apart. The logo is classy, andclients notice the difference.”

Lori McGuire

RE/MAX Select One

Dana Point, CaliforniaFine Homes & Luxury Properties

THE RE/MAX COLLECTION®

Fine Homes & Luxury Properties

The RE/MAX Collection builds on RE/MAX brand recognition while offering specialized and customized resources designed specifically to reach buyers and sellers of fine homes and luxury properties.

The distinctive signage and advertising promotional materials ofThe RE/MAX Collection set luxury properties apart. Ad programswith global publications help promote these properties tomillions of qualified customers.

Any RE/MAX agent who lists a property that qualifies forThe RE/MAX Collection is able to take full advantage ofthe program and the marketing materials.

Through RE/MAX University, RE/MAX agents can receive trainingspecifically for the luxury market, including education credits toward theCertified Luxury Home Marketing Specialist (CLHMS) designation.


GLOBALIZE YOUR BUSINESS

When you join RE/MAX, you become part of a worldwide sales force of more than 90,000 agents in over 80 countries. You tap into the world’s most effective referral network and enjoy the benefits of one of the planet’s most powerful real estate brands.

THE GLOBAL NATURE OF RE/MAX VASTLY EXTENDS YOUR PERSONAL REACH. YOU BENEFIT FROM:

• International Web presence – No matter where in the world you’re located, consumers can find you and your listings through remax.com.

• International Referral System – You can identify the perfect Associates for your referrals through the RE/MAX Web Roster.

• Global Educational Opportunities – Hone your international real estate skills and latch onto your share of the growing international market through RE/MAX University courses.

“The RE/MAX brand gives me instant credibility among clients around the world. Also I have access to training, technology and resources that other real estate companies can’t match. It all boils down to more business and more income for me.”

Cristiane Souza

RE/MAX Premier

Rio de Janeiro, Brazil

joinremax.com

FIND YOUR NICHE

RE/MAX partnerships provide RE/MAX offices and agents with an even broader set of resources to drive leads.

From charity involvement to sponsorships, these relationships help you further connect with customers in your community.

RE/MAX GREEN

CHILDREN’S MIRACLE NETWORK®

The RE/MAX Green program helps agents attract and assist buyers and sellers who value homes that are energy-efficient and environmentally friendly.

RE/MAX agents have donated more than $100 million to Children’s Miracle Network, supporting 170 hospitals. RE/MAX is the exclusive real estate sponsor. Green

SUSAN G. KOMEN FOR THE CURE®

RE/MAX WORLD LONG DRIVE CHAMPIONSHIP

RE/MAX is a national sponsor of the Susan G. Komen Race for the Cure, and RE/MAX agen

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Image001

Thanks Erica!

This is 54 Indiana in Wasaga Beach, Ontario

229,900

Loaded in park place lifestyle community.

http://www.remax.ca/on/wasaga-beach-real-estate/na-54-indiana-ave-gtrb_20126239-lst

Photo1a

Posted via email from collingwoodrealestate's posterous

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GREAT STUFF!

Multi-Unit Residential Real Estate News, Tuesday, January 22 2013

Toronto's core feeling the pressure of Echo Boomer influx - TD Canada Trust

In the last five years, the population of Toronto’s downtown core has more than tripled, fuelled by demand from the so-called Echo Boomers who want to live and play close to their workplaces. The explosion in density in the heart of Toronto is also in sharp reversal of a three-decade-long trend by Echo Boomers’ parents, who fled the downtown in the early 70s eager to buy larger, more affordable homes in the suburbs.

Globe and Mail   Tue Jan 22 2013

Downtown Toronto condo market shows strange signs of life

Some Toronto realtors are seeing an unexpected surge in condo buyers scouring the market post Christmas and the return of a phenomenon not seen in months — bidding wars. “I was shocked,” says ReMax realtor Peter Krpan who advised one couple, first-time buyers, that the softening condo market meant they could take their time and bid low on almost any downtown unit they wanted.

Toronto Star   Tue Jan 22 2013 - Globe and Mail - Jan 16 - Toronto Star - Jan 16

Apartment REITs a good bet for investors: Scotia Capital

It’s time for real estate investors to load up on apartment operators and owners if they want to hedge against a rising rate environment, says Mario Saric, an analyst with Scotia Capital. “We recommend [Real Estate Investment Trust] investors concerned about rising rates overweight apartment REITs,” said the analyst in a note to clients.

Financial Post   Tue Jan 22 2013

Wrd000

Is Canada talking itself into a housing crisis?

Little was heard of housing bubbles in Canada up to about a year ago. Now, predictions of crashes are on the front cover of Maclean’s and other publications. One might wonder if we are talking ourselves into a housing miasma, even though the fundamentals don’t point to one.

Globe and Mail, January 21, 2013

 

InterRent REIT buys four-building apartment complex in Montreal - InterRent Real Estate Investment Trust - IIP.UN-T

InterRent Real Estate Investment Trust has entered into an unconditional agreement to acquire a four-building apartment complex in Côte Saint-Luc on the Island of Montreal. The 174 suite acquisition is expected to be completed by the end of the month at a purchase price of about $19 million.

Marketwire   Tue Jan 22 2013

In the US big-name developers, investors boomerang back into condos

For six long years following the burst housing bubble and subsequent recession, residential condominium sales remained in a deep freeze. However, late last year condo sales quietly began to recover in gateway markets such as Boston, San Francisco and New York.

Costar Group   Wed Jan 16 2013

Apartment building market remains strong in Vancouver - Goodman Report

Prices and total sales are up, but the number of transactions is falling. That's the picture of Vancouver's apartment building market, according to the Goodman Report, produced by David and Mark Goodman. In 2012, both overall dollar volume and the average price per suite hit record highs, David Goodman said in the report.

Vancouver Sun   Tue Jan 22 2013

Vancouver housing ranked among world's least affordable - Demographia

Six Canadian cities on an international survey are described as having severely unaffordable housing, with Vancouver listed as the second-most unaffordable in the world behind Hong Kong. Sydney, Australia, was third internationally. Other Canadian cities listed were Toronto, Victoria, Montreal, Abbotsford and Kelowna, B.C.

CBC   Tue Jan 22 2013 - Sydney Morning Herald

Wrd000

McDonald's restaurant closes to make way for more Toronto condos

A multi-billion-dollar corporation has given up a prime piece of Toronto real estate - a casualty of condos. The McDonald’s outlet across from the Royal Ontario Museum on Bloor St. W. has closed. Taking its place will be a 32-storey condo tower called Exhibit, developed by Bazis International Inc.

Toronto Star

 

What women want: Single women taking over Canadian condo market

Move over bachelor pad, and make way for the lady condo! A new report reveals that young single women are taking up an increasing share of the new condo market — up to one third of all sales in some cities — and developers are tailoring their designs to give solo female buyers exactly what they’re looking for in a new bachelorette home.

Yahoo - Shine On   Tue Jan 22 2013

B.C. landlords 'powerless' as tenants get free ride - BC ResidentialTenancy Branch

Landlords are calling for tougher enforcement after being taken for thousands of dollars by “professional” scam-artist tenants who never pay rent and work the system to delay eviction. “They are in your house — and you know they are taking advantage of you," said Margarita Loyola, of Victoria, B.C. "You are powerless and there’s nothing you can do.”

CBC   Mon Jan 21 2013

Landowners responsible for environmental cleanup, court rules - Ontario Divisional Court

The Ontario Divisional Court has ruled that innocent landowners can be held responsible to remedy contamination caused to their properties by a neighbour. Back in December, 2008, Thompson Fuels filled the fuel oil tanks at the Hazel St. home of Wayne and Liana Gendron in the city of Kawartha Lakes (Lindsey). Subsequently, several hundred litres of the oil leaked from the basement of the house onto city property.

Toronto Star   Fri Jan 18 2013

The nation's capital looks for better way to manage its rental properties - National Capital Commission

The National Capital Commission is tweaking the way it manages its $100-million portfolio of rental properties. And it is inviting the property management industry to offer advice about how to do it. The NCC rents out about 600 residential properties and 94 commercial buildings and other assets, many of them along Sussex Drive.

Ottawa Citizen   Fri Jan 18 2013

Wrd000

Video: Micro apartments are the future in New York

The number of singles and couples living in big cities is growing, according to city planners. That is why a New York City museum has built a full size micro apartment to showcase the need for smaller living spaces.

Globe and Mail

 

Vancouver builders follow the lure of culture

Vancouver is suffering growing pains as the landmarks and small beloved icons come down to make way for condo and mixed-use developments. The recent selling of the Waldorf Hotel to a condo developer felt like the nail in the coffin for many Vancouverites, after the recent loss of the old Pantages theatre on Hastings and the Ridge movie theatre on Arbutus Street.

Globe and Mail   Mon Jan 21 2013

Barrie’s Harmony Village will work with nature - Harmony Village

For decades, Barrie has been known as a major hub for urban workers commuting the hour or more to and from Toronto. So much so that it is now commonly considered a suburb of Toronto. Barrie is also one of Canada’s fastest growing cities. A new project on the edge of Lake Simcoe on Kempenfelt Bay will deliver an innovative, mixed-use community, setting a new standard for architectural design and landscaping.

Toronto Star   Mon Jan 21 2013

Canadian homebuyers more experienced, financially prudent , says RE/MAX - RE/MAX

Changing market conditions have triggered a shift in the Canadian homebuyer mix and mindset, a fact identified and confirmed by the RE/MAX Canadian Homebuying Trends Survey 2013-2014 released Tuesday. The national survey provides a snapshot of Canadian homebuyers heading into a period of moderation.

Canada News Wire   Tue Jan 22 2013 - RE/MAX National Trends - Montreal Gazette - Globe and Mail

Scotiabank cuts off mortgage brokers at ING Direct - Scotiabank

ING Direct, fresh off its purchase by Bank of Nova Scotia in November, informed mortgage brokers Wednesday it will no longer do business with them. The move is rankling some people in the industry, who fear the consumer is losing a major advocate.

Financial Post   Thu Jan 17 2013

Real Estate Forums 2013 - Winter Event Calendar

Quebec Apartment Investment Conference

Montreal

February 14, 2013

RealCapital

Toronto

February 26, 2013

Montreal Real Estate Leasing Conference

Montreal

May 23, 2013

Montreal Real Estate Forum

Montreal

April 4, 2013

Vancouver Real Estate Forum

Vancouver

April 9, 2013

Green Real Estate Forum

Toronto

April 11, 2013


For more information visit: realestateforums.com

 

Home > Residential > Market Conditions

Is Canada talking itself into a housing crisis?

Little was heard of housing bubbles in Canada up to about a year ago. Now, predictions of crashes are on the front cover of Maclean’s and other publications. One might wonder if we are talking ourselves into a housing miasma, even though the fundamentals don’t point to one.

Globe and Mail   Tue Jan 22 2013

Video: Is this Canada's real estate tipping point?

Chief strategist John Johnston of Davis Rea says lower prices in Vancouver is a sign of a coast to coast correction on housing prices.

CTV   Thu Jan 17 2013

What will spring bring for Toronto real estate? - BMO

For now, anxious sellers in the Toronto real estate market who are hoping for a spring rebound seem evenly matched by optimistic buyers looking for a deal. Bank of Montreal economist Douglas Porter looks at the Toronto housing market and sees a satisfying balance. But February is traditionally the month when the spring market revs up.

Globe and Mail   Thu Jan 17 2013

More young Americans leaving the parental nest, boosting housing recovery

Americans are feeling increasingly confident in the future and more and more are striking out to set up their own homes, a move that is helping propel the housing recovery. The deep financial crisis and recession of 2007-2009 kept many Americans from leaving their parents’ nests and drove others back into them, putting a sharp brake on the pace at which new households formed.

Financial Post   Mon Jan 21 2013

U.S. home construction rises at fastest pace since 2008 - U.S. Commerce Department

U.S. builders started work on homes in December at the fastest pace since the summer of 2008 and 2012 finished as the best year for residential construction since the start of the housing crisis. The Commerce Department says builders broke ground on houses and apartments at a seasonally adjusted annual rate of 954,000. That was up 12.1 per cent from November’s annual rate of 608,800.

Globe and Mail   Thu Jan 17 2013

Deals for snowbirds as foreclosure crisis won’t end for Florida - RealtyTrac Inc.

Florida’s foreclosure crisis just won’t end. More than six years after subprime lending and overbuilding led to the worst U.S. real estate slump, the state had the biggest increase in home seizures last year, and the highest foreclosure rate, RealtyTrac Inc. said. One in every 32 Florida households received a notice of default, auction or repossession in 2012.

Bloomberg   Fri Jan 18 2013

Home > Residential > Mortgage and Finance

Banks see more evidence of slowing mortgage growth

Historically, bull housing markets have tended to end sharply with little warning. But among financial industry players there is growing consensus that this time will be different. At a recent bank chief executive conference in Toronto, the heads of the major Canadian lenders agreed that the mortgage volume growth is moderating after a period of double-digit growth, partly because of moves by the federal government to tighten rules around mortgage lending.

Financial Post   Thu Jan 17 2013

Home > Residential > Buying and Selling

RECO and Tarion play different roles - Real Estate Council of Ontario

Q: What’s the difference between RECO and Tarion? A: There can sometimes be confusion about the roles the two organizations play. Both the Real Estate Council of Ontario (RECO) and the Tarion Warranty Corp. were established by the Ontario government to protect the public interest by regulating a sector of the real estate industry.

Your Home   Wed Jan 16 2013

Who’s losing in the housing slump? Real estate agents - Canadian Real Estate Association

December transactions from the Canadian Real Estate Association show the dollar volume for the month was down almost $1.379-billion from a year ago. Using a 5% commission rate, the industry standard, that means almost $70-million in lost revenue for realtors in December alone.

Financial Post   Thu Jan 17 2013

Electronic signatures for real estate deals coming to Canada - Instanet Solutions

The Canadian Real Estate Association and Instanet Solutions have reached an agreement that will allow electronic signatures on real estate documents. Instanet's electronic signature solution is known as Authentisign which is an online signing service.

PR Newswire   Thu Jan 17 2013

Commission Pitch hopes to get agents bidding for business - Commission Pitch

Homebuyers and sellers use the online platform to help them choose a real estate agent through anonymous profiles. Local agents reply with competing offers that detail their commission rates and fees. Commission Pitch is launching in Southwestern Ontario.

Marketwire   Fri Jan 18 2013

Home > Residential > Construction

Two different approaches to four-season living - Knight Developments Canada

Two condominium developments underway here are taking two distinct construction approaches and targeting different price points in the market. Knight Developments is converting the 129-year-old Connaught School building on Napier St. into four condo units known as Duke Lofts.

Toronto Star   Wed Jan 16 2013

Going for gold in Toronto's West Don Lands

Formerly a sprawling grey vista of old industrial lands, the West Don Lands is on its way to becoming a vibrant community, thanks to historic revitalization plans that include affordable housing, green space and the 2015 Pan/Parapan American Games Athletes' Village. Located at Cherry and Front Sts., the village will later become a state-of-the-art YMCA and George Brown College student residence.

Toronto Star   Mon Jan 21 2013

Home > Residential > Cities, Towns and Urban Issues

Spain launches housing plan for neediest eviction victims

Spain’s government on Thursday launched a social housing plan offering properties at low rents to some families who have been evicted from their homes. Close to 6,000 properties owned by the country’s banks will be offered to the most needy, the government said.

Globe and Mail   Thu Jan 17 2013

Underground work lays foundation for vertical communities of the future

Peek behind the plywood barrier, and you’ll see a different side of the transformation that is occurring from the waterfront to North York. Descending about 10 metres below street level, the massive condo hole is supported by concrete walls, hundreds of wooden slats (or tie-backs) and steel bolts and cables, driven horizontally into the ground and anchored with more concrete.

Toronto Star   Mon Jan 21 2013

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Monday, January 21, 2013

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                                http://www.remax.ca/Agent/Details/81273

Jonathan J. Knight

Posted via email from collingwoodrealestate's posterous

Tuesday, January 15, 2013

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December 2012 statistics and MLS HPI.pdf Download this file


Subject: CREA Media Release: December 2012 Statistics & MLS® HPI

Canadian home sales little changed in December

 

Ottawa, ON, January 15, 2013 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity was little changed on a month-over-month basis in December 2012, holding it in line with levels reported in August when demand first geared down in the wake of tighter mortgage lending rules.

 

Highlights:

•       National home sales edged 0.5% lower from November to December.

•       Actual (not seasonally adjusted) activity down 17.4% from December 2011.

•       Number of newly listed homes dropped 1.3% from November to December.

•       Canadian housing market remains firmly in balanced territory.

•       National average sale price up 1.6% year-over-year in December.

•       MLS® HPI up 3.3% in December, the smallest gain since April 2011.

 

The number of home sales processed through the MLS® Systems of real estate Boards and Associations in Canada edged down 0.5 per cent on a month-over-month basis in December 2012. While sales activity was little changed nationally, it picked up in just over half of all local markets in December. 

 

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Tuesday, January 8, 2013

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Multi-Unit Residential Real Estate News - Tuesday, January 08 2013

Mild correction expected for housing market: Royal LePage - Royal LePage - Housing Trends PDF

Real estate agency Royal LePage expects Canada’s housing market to go through a mild correction in coming months, but is predicting that the average national home price will be 1 per cent higher by the end of this year. It believes sales in the first half of this year will be slower than last year, tempering the pace at which prices have been rising.

Globe and Mail   Tue Jan 08 2013 - Financial Post - Toronto Star - Royal LePage Market Report

RBC says Canadian housing market is solid despite slow down to mortgage lending - Royal Bank - RY-T

Royal Bank CEO Gord Nixon says a slowdown in the Canadian real estate market is affecting mortgage lending but the softness is not a crisis since he expects the country's housing market will remain solid. The head of Canada's largest bank told a RBC banking conference Tuesday that he expects the bank's consumer lending growth will slow to mid single digits but it should see an increase in commercial loans.

CTV   Tue Jan 08 2013

Housing prices aren't coming back, a severe correction is coming: Globe analysis - George Athanassakos

Increases in home prices in recent years have not been matched by underlying increases in fundamentals suggesting the market is due for a severe correction. One particularly telling statistic is housing investment as a share of GDP. After similar ratios in the 70s and 80s, the housing market crashed within a few years.

Globe and Mail   Fri Jan 04 2013

Timbercreek committed $928 million in customized mortgages across 101 transactions in 2012

Customized loans for experienced real estate investors

- First or second mortgages from $0.5 - $50 million
- Up to 85% LTV
- Flexible terms, cash-flow friendly payment options, quick turnaround and response time
- Financing by Timbercreek, a leading alternative asset manager with $3 billion AUM

Julie Neault, 416-800-2056, jneault@timbercreek.com
Charles Lingren, 604-833-0725, clingren@timbercreek.com

 

Cooling house market could undercut retirement plans - BMO Retirement Institute

A report from the Bank of Montreal says almost one in three Canadians, upon finding they do not have enough money set aside to retire, have sold their homes in order to generate more cash — opting for a smaller house, condominium or rental unit. Financial planners warn that selling off real estate is no replacement for more conventional retirement savings, despite Canada's healthy housing market.

CBC   Tue Jan 08 2013

Private sector should take on CMHC's role: C.D. Howe Institute - C.D. Howe Institute

When the forerunner of the Canada Mortgage and Housing Corporation opened shop in 1946, its job was to help war veterans find housing. As this baby-boom behemoth contemplates life after 65, it should consider a more modest public role.

Globe and Mail   Fri Jan 04 2013 - Globe and Mail (Subscribers only)

Bank of Canada flags lenders' role in consumer debt - Bank of Canada

Research has found that “neighbourhoods with more bank branches and payday lenders per capita have looser lending standards and experience greater bankruptcies,” says the presentation, which was given to bank officials in the summer. The disclosure adds a new dimension to the public debate about the factors that have caused Canadians to borrow record amounts of money.

Globe and Mail   Fri Jan 04 2013

Financial considerations for Canada's real estate snowbirds - RBC Wealth Management

With the Canadian winter now in full swing, so is the exodus of Canadian snowbirds seeking warmth in the southern U.S. Before heading off this winter for a long stay, there are some things you should do to ensure you take all U.S. tax and real estate issues into account, because failing to adhere to applicable U.S. laws could have some serious implications.

Winnipeg Free Press   Tue Jan 08 2013

Graphic: A look at Canada's richest cities

From rocketing house prices in several Canadian markets to job-rich Alberta oilfields, Maclean's has put together a chart showing Canada's richest cities. And you may be surprised to see the results.

Maclean's, January 7, 2013

 

Nova Scotia rental and commercial real estate operation sold for millions - Ron Wallace Realty Ltd.

The sale involves more than 600 residential and commercial rental units in Truro, Bible Hill and other parts of Colchester County. The price paid by two investors to take over Ron Wallace Realty Ltd. was not disclosed. An industry insider suggested that at an average market price of $60,000 per unit, the assets would be worth at least $36 million.

Truro Daily News   Fri Jan 04 2013

Delta B.C. approves 37-storey highrise in bid to increase population density - Blexo Developments

Delta council has unanimously approved a proposal to build a 37-storey apartment tower on busy Scott Road to increase density in a commercial area it says is well-equipped with amenities. The Blexo Developments’ 114-metre-tall highrise was recommended as a good fit for seniors wanting to downsize, but remain in Delta.

Vancouver Sun   Fri Jan 04 2013

Vancouver home sales plummet 31% compared to last December - Real Estate Board of Greater Vancouver

Vancouver home sales fell sharply in December and new listings plummeted as the cooling of what was once the country’s hottest real estate market continued. The Real Estate Board of Greater Vancouver said Thursday home sales and prices were down in December.

Financial Post   Fri Jan 04 2013 - Vancouver Sun - Vancouver Sun - Forecast - Vancouver Sun - Commentary

Single-family homes still winners in Vancouver's property price race - B.C. Real Estate Association

Single-family homes have been the winners over the long term while apartments have been struggling, an analysis of Metro Vancouver real estate statistics released last week shows. B.C. Assessment released 2013 assessments on Wednesday, while the region's real estate boards released December and year-end information on Thursday.

Vancouver Sun   Mon Jan 07 2013 - Vancouver Sun - Sun Video - Absurd properties

TD's Ed Clark says Canada won't have a U.S.-style housing bust

TD chief executive Ed Clark recently sat down with Financial Post reporter John Greenwood to talk about the shaky state of household finances, the frothy housing market and what it all means for the banking sector. Here is an edited version of the interview.

Financial Post, January 7, 2013

 

Calgary average house price of $428,655 a new record, bright forecast for 2013 - Calgary Real Estate Board

Average house prices in Calgary reached a record level in 2012, outpacing the housing boom peak of 2007. According to the Calgary Real Estate Board, there were 21,207 MLS sales in Calgary in 2012 at an average sale price of $428,655, spiked by the high amount of sales in the luxury home market.

Calgary Herald   Fri Jan 04 2013 - Calgary Herald - Luxury - Calgary Herald - Demand - Edmonton Journal

Affordability helping condos in Calgary market - Calgary Real Estate Board

Higher prices and lower supply in the detached single-family home market is driving home buyers into the condominium market, says the Calgary Real Estate Board. Condo sales in Calgary are improving, CREB’s December report notes. Monthly fluctuations saw increases and dips in sales month-over-month, while the year-over-year numbers show an overall increase in sales.

Calgary Herald   Fri Jan 04 2013

Winnipeg home sales hit record $3-billion mark in 2012 - WinnipegREALTORS

Winnipeggers spent a record $3.2 billion buying 13,007 homes in 2012. That marks just the second time the city’s resale home market topped the $3-billion mark in sales in its 109-year history.

Winnipeg Free Press   Mon Jan 07 2013 - Winnipeg Free Press

Toronto housing prices to flatline in 2013: report - Toronto Real Estate Board

Toronto house prices are expected to flatline rather than fall in 2013 — with gains averaging just one per cent — with the “cyclical correction” that has taken hold since spring likely to be more short-lived than severe, according to a new report from Royal LePage. The softening in Toronto’s condo market in particular, will have a “significant dampening effect” on Canadian average house prices in 2013.

Toronto Star   Fri Jan 04 2013 - Financial Post - Marketwire

Real Estate Forums 2013 - Winter Event Calendar

Quebec Apartment Investment Conference

Montreal

February 14, 2013

RealCapital

Toronto

February 26, 2013

Montreal Real Estate Leasing Conference

Montreal

April, 2013

Montreal Real Estate Forum

Montreal

April 4, 2013

Vancouver Real Estate Forum

Vancouver

April 9, 2013

Green Real Estate Forum

Toronto

April 11, 2013


For more information visit: realestateforums.com

 

Home > Residential > Market Conditions

Toronto leads Canadian cities in economic growth, condos: CIBC - CIBC

Toronto ranked as the fastest growing economy in the country last year, but a new study from CIBC suggests Canada’s biggest city will be hard pressed to maintain that growth trajectory. The report found Toronto ranked tops amongst its peers, helped by a recovery in manufacturing and a surge in condo sales.

Financial Post   Fri Jan 04 2013 - Canadian Business - Toronto Star - Global News

Cultural shift to renting in the UK set to continue in 2013 say rental experts

A cultural shift in favour of renting property in the UK rather than buying looks set to continue into 2013 and beyond, it is forecast. An analysis of data from lettings franchise Belvoir’s nationwide offices confirms that there has been a change in cultural attitude towards renting property in the UK and that this change is likely to be permanent.

Property Wire   Fri Jan 04 2013

Ottawa's real estate market cools in December - Ottawa Real Estate Board

Home sales in Ottawa dropped 11 per cent in December, which meant the local real estate market finished the year slightly behind 2011 levels, a report released last week shows. But a second housing survey released only days later projected growth for 2013.

Ottawa Business Journal   Fri Jan 04 2013 - Ottawa Business Journal

Record year for house building permits in Saskatoon - City of Saskatoon

The City of Saskatoon issued building permits valued at more than $1 billion, a record that smashes 2011’s total permit value of $937 million. With a value of $1,082,100,000, a record-total of 5,196 permits were issued, also surpassing 2011’s total of 4,651 permits issued.

Saskatoon StarPhoenix   Fri Jan 04 2013

Property prices lead Ecuador to be named top destination for retirees

With its low cost of living, balmy climate and cheap property prices, Ecuador has been ranked the top foreign retirement destination for North Americans for the fifth consecutive year. The South American nation bordered by Colombia and Peru scored the highest marks in InternationalLiving.com’s annual ranking of the best places to retire.

Financial Post, January 7, 2013

 

Home > Residential > Mortgage and Finance

Canadians can still buy a house without saving their pennies

It would seem that regulators want to dissuade Canadians from buying homes with nothing down. Yet despite all of the recent changes, buyers can still get into the real estate market with little cash on hand.

Globe and Mail   Mon Jan 07 2013

Canada Pension Plan's investments see 'explosive' growth - Canada Pension Plan

The odds are also good that many of us will one day reap the benefits of our holdings in Australian shopping malls, toll roads in Chile and the sale of a $964-million stake in Skype, all part of the Canada Pension Plan. The fund was worth just over $170 billion by the end of 2012, up from $152 billion in 2011, partly on the strength of overseas real estate and infrastructure.

CBC   Mon Jan 07 2013

Bank of America reaches multi-billion dollar deal with Fannie Mae - Fannie Mae - FNMA-Q2

Bank of America says it will spend more than $10-billion (U.S.) to settle mortgage claims resulting from the housing meltdown. Under the deal announced Monday, the bank will pay $3.6-billion to Fannie Mae and buy back $6.75-billion in some 30,000 loans that the North Carolina-based bank and its Countrywide banking unit sold to the government agency from 2000 through 2008.

Globe and Mail   Mon Jan 07 2013 - Housing Wire - Reuters - New York Times

Home > Residential > Buying and Selling

Buying a home? Key is finding a company aligned with customer interests

As a condo buyer in 2008, Shayan Hamidi was frustrated: His realtor at the time turned out to be urging him to pay $50,000 over the unit’s true value. The real-estate industry, as he saw it, was shackled by a system in which agents’ interests just weren’t aligned with customers.

Globe and Mail   Mon Jan 07 2013

B.C./Calgary family works and plays in paradise

Jon Legg doesn’t need to be tucked away in a downtown office to get his work done. Everything he needs is with him in his personal paradise at a luxury getaway on the tip of Mexico’s Baja Peninsula. Jon and his wife Pam purchased a resort residence in Cabo San Lucas.

Calgary Herald   Fri Jan 04 2013

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