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June 2013
Real Estate Newsletter
FROM LOUISE FULLER |
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Visit My Website to View Fantastic Canmore listings.
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Greetings!,
If you know anyone who is thinking of buying or selling their home we will ensure they are well taken care of! Sales for the month of May 2013 are as follows: Single family: 15 sales, average sale price $787,700, average days on market 70 (DOM).
Half duplex: 4 sales, average sale price $606,750, average days on market 163 (DOM).
Townhouse: 7 sales, average sale price $581,492, average days on market 127 (DOM).
Apartment: 13 sales, average sale price $384,042, average days on market 68 (DOM).
Lots: 3 sales, average sale price $595,916, average days on market 97 (DOM)
Please remember these are averages only.
Best Regards,
Louise Fuller |
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1009 Benchlands Trail
Feature Listing
South facing, Great views!
AAn oasis in the center of desirable Eagle Terrace! This Koronko built home is located on an almost 10,000 sq ft lot and offers a private and peaceful setting to relax at the end of the day. Front entrance is spacious and inviting. The layout offers options... use the full space for a growing family...5 bedrooms, 4 1/2 baths, living/dining/kitchen open plan. Or, separate the areas into 3 bedrooms up and 2 bedrooms down to allow an inlaw suite or operation of 2 bedroom B&B. Main living is at the back of the home, overlooks the back expanse and benefits from the southwest exposure. Soaring vaulted ceiling in living room allows double height windows ... great light and views. There are 2 laundry rooms, 2 fireplaces, 2 family areas. There is a kitchenette in lower area with walkout entrance. There is plenty of parking, an attached double car garage and spacious concrete driveway. Lot is level so fully accessible.
925,000
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Calgary and Edmonton buck national housing market trend of declining sales.
Only two major markets to see growth in existing home sales
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By Mario Toneguzzi
CALGARY - A soft landing is underway in the Canadian housing market and should continue but Calgary and Edmonton are bucking the trend with sales rising compared with a year ago, says a new report released Tuesday by BMO Capital Markets.
The report, by Sal Guatieri, senior economist for BMO, said the Canadian housing market is "calming not crashing."
"In most regions, sales have fallen at double-digit rates this year from high levels last year," said Guatieri. "But the rate of decline has slowed recently.
"By contrast, Alberta enjoys decent sales growth."
As of April, the three month moving average of sales in the existing home market was down 10.9 per cent across the country. However, Calgary and Edmonton were the only two major markets to see growth at three per cent and 1.2 per cent, respectively.
Also, while the average sale price across Canada rose by only 1.0 per cent, Calgary led the nation with a 7.5 per cent hike. Edmonton was up 3.2 per cent.
Guatieri said Calgary's resale prices are "supported by good valuations, following the 2008 correction, and strong job growth."
"The upward trend should continue, as Alberta is expected to lead the nation's economic performance in 2014," he said.
According to the Calgary RealEstate Board, year-to-date until May 27, there have been 9,541 MLS sales in the city, up 3.89 per cent compared with the same period a year ago. The average sale price has risen by 6.6 per cent while the median price has increased by 5.51 per cent to $399,900.
At the national level. Guatieri said tighter mortgage ruls have slowed credit growth, helping to cool the housing market in an orderly fashion.
"Lack of pent-up demand, with homeownership rates near 70 per cent, and elevated household debt have abetted the slowing," he said.
"Nationwide, sales are expected to stabilize this year amid steady job growth. Although long-term interest rates are likely to rise moderately next year, they should remain relatively low for some time."
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CMHC Releases First Quarter Results |
OTTAWA, May 30, 2013 - Canada Mortgage and Housing Corporation (CMHC) released today its results for the first quarter of 2013.
At the end of the first quarter of 2013, CMHC's total insurance-in-force was $562.6 billion; $3.5 billion lower than the insurance-in-force at year-end 2012.
CMHC expects mortgage repayments to continue in the range of approximately $60 to $65 billion per year. These repayments off-set future increases to CMHC's insurance-in-force, resulting from new business being written.
CMHC's mortgage insurance portfolio is strong with an overall arrears rate at March 31, 2013 of 0.35%, unchanged from year-end 2012. The average credit score in CMHC's high-ratio insured homeowner portfolio is 726. The high average credit score demonstrates a strong ability among homebuyers with CMHC-insured mortgages to manage their debts. The average amortization period at the time of mortgage approval for all CMHC-insured homeowner and multi-unit residential loans has remained stable at 25 years.
Losses on Claims were $21 million lower in Q1 2013 compared to the same quarter in 2012. The lower losses are the result of declining claim volumes (14% lower than those received in Q1 2012).
For the three months ended March 31, 2013, CMHC's net income (after taxes) was $378 million, a decrease of 15% ($69 million) when compared to the same period in 2012. Over the last decade, CMHC has contributed more than $17 billion towards improving the Government of Canada's fiscal position through both its income taxes and net income. Of the $17 billion, CMHC's insurance business has contributed more than $15 billion.
Total insured volumes (units) for the three months ended March 31, 2013 were approximately 54% lower than the same period in 2012. The decline can mainly be attributed to lower portfolio insurance volumes, lower levels of housing starts and resale activity, and the reduced size of the high ratio homeowner mortgage loan insurance market as a result of the new mortgage insurance parameters that took effect in July 2012. The parameter changes eliminated high ratio refinancing.
As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable housing solutions that will continue to create vibrant and healthy communities and cities across the country.
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Thanks for reading and I will send you more info next month.
For all your real estate needs I am ready and willing to help you take that next, very important step.
Sincerely,
Louise Fuller
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