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The Real Estate Market in Winnipeg is Stabilizing

By Jeff Adolph

Residential Real Estate

Home prices in Winnipeg are said to be rising, and real estate experts believe this is a positive sign that the market is stabilizing.

Canada, like America has suffered since the global financial crisis, with home prices depreciating and many finding it difficult to sell or buy a home. However, a recent market and house price survey conducted by Royal LePage revealed that most Canadian markets over the second quarter of 2009 have appreciated in value, when compared to last year's prices.

Some areas of note are:

• River Heights- double-storey homes appreciated in value by as much as 4%;
• North West of the City - double-storey home prices appreciated by 6.5%;
• Charleswood- condominium prices rose by 5.1%.

Overall, the Winnipeg region is expected to see a 3.5% increase in home prices, when compared to last year's prices, and the inventory is expected to reach over 10,000 units by the end of the year.

Article Source: Staff Writer (2009) City's Residential Real Estate Market Continues to Exibit Stability; available online at http://www.winnipegfreepress.com

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By Jeff Adolph

Residential Real Estate

Home prices in Winnipeg are said to be rising, and real estate experts believe this is a positive sign that the market is stabilizing.

Canada, like America has suffered since the global financial crisis, with home prices depreciating and many finding it difficult to sell or buy a home. However, a recent market and house price survey conducted by Royal LePage revealed that most Canadian markets over the second quarter of 2009 have appreciated in value, when compared to last year's prices.

Some areas of note are:

• River Heights- double-storey homes appreciated in value by as much as 4%;
• North West of the City - double-storey home prices appreciated by 6.5%;
• Charleswood- condominium prices rose by 5.1%.

Overall, the Winnipeg region is expected to see a 3.5% increase in home prices, when compared to last year's prices, and the inventory is expected to reach over 10,000 units by the end of the year.

Article Source: Staff Writer (2009) City's Residential Real Estate Market Continues to Exibit Stability; available online at http://www.winnipegfreepress.com

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By Jeff Adolph

Residential Real Estate

Home prices in Winnipeg are said to be rising, and real estate experts believe this is a positive sign that the market is stabilizing.

Canada, like America has suffered since the global financial crisis, with home prices depreciating and many finding it difficult to sell or buy a home. However, a recent market and house price survey conducted by Royal LePage revealed that most Canadian markets over the second quarter of 2009 have appreciated in value, when compared to last year's prices.

Some areas of note are:

Overall, the Winnipeg region is expected to see a 3.5% increase in home prices, when compared to last year's prices, and the inventory is expected to reach over 10,000 units by the end of the year.

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Vancouver Home Prises Rise

By Jeff Adolph

Residential Real Estate

Areas of Canada are seeing a marked increase in not only the number of homes sold, but also in the prices that they are fetching.

Vancouver Realtors noted a 31 percent increase in April sales figures, when compared to the previous month. Plus, average home prices rose by 2.7 percent, to just under $500,000.

The Real Estate Board of Greater Vancouver felt this was significant, because March sales figures have always been historically greater than April figures in previous years. Thus, it is believed amongst local real estate experts that realty in area of Vancouver may be stabilizing.

Article Source: Morton, Brian (2009) Metro Vancouver Residential Sales, Prices Climb; available online at www.vancouversun.com

Image Source: www.gocanada.com and www.destination360.com

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Housing Sales Increase in Canada

By Jeff Adolph

Residential Real Estate

The Canadian housing market is exhibiting signs that it may be starting to recover from the downturn.

Home sales increased during February according to the Canadian Real Estate Associationwith Calgary recording 1,392 home sales in February, compared to 928 sales in January. The average sale price had also increased by more than $8,000, from $362,143 in January to $370,198 in February.

Lai Sing Louie, senior market analyst for Canada Mortgage, in Calgary, believes this increase in sales may be an indication of the market regaining its strength, but he is not counting the rise as a definite to the market reaching rock bottom just yet.

"The change from the January to February period (showed) there was some strengthening in the marketplace", Lai Sing Louie told the Calgary Herald in a recent interview.

"But I would say it would be a little too early to say that the market has bottomed and is turning up now. There have been some positive developments, though, with the pick up in sales here in Calgary. And prices appear to be a little more stable. But it's only a month of data," Louie added.

In addition to this increase in home sales, a decrease in inventory has also been noted, another favorable sign of an impending change in the real estate market. Therefore it is hoped that home sales continue to rise in the coming months and that the inventory of homes is reduced even further, so that the housing market can continue its long overdue recovery.

Article Source: Toneguzzi, Tony (2009) Housing Sales Increase in Canada; available online at www.calgaryherald.com

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Canadian Real Estate Companies Take Advantage of U.S. Realty Market

By Jeff Adolph

International Investment

Eager to profit from investment opportunities in the U.S., Canadian real estate companies are beginning to take advantage of the current U.S. realty marketplace.

This means that real estate firms in Canada are considering expansion into the U.S. and are starting to acquire services in America. For example - Brookfield Asset Management Inc., will purchase a U.S. based real estate firm from 'troubled parent company GMAC LLC', in the near future.

FirstService Corp is also considering purchasing a majority stake in GVA Williams Real Estate.

National Bank Financial analyst, Micheal Smith, believes that this opportunity is one that many will embrace. "Rather than acting as a stumbling block, tumultuous times in the U.S. real estate market are creating interesting acquisition possibilities, especially for companies focused on smaller purchases that fit well with their current businesses", Michael said.

Of course the positive outcome for the United States is that foreign investment of any kind helps to boost the economy, and ultimately keep it afloat. Thus, creating a win-win situation for all involved.

Sources: McLeod, Lori (2008) Brookfield Seizes Chance to Expand U.S. Footprint;available online at http://www.theglobeandmail.com

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By Jeff Adolph

International Investment

Eager to profit from investment opportunities in the U.S., Canadian real estate companies are beginning to take advantage of the current U.S. realty marketplace.

This means that real estate firms in Canada are considering expansion into the U.S. and are starting to acquire services in America. For example - Brookfield Asset Management Inc., will purchase a U.S. based real estate firm from 'troubled parent company GMAC LLC', in the near future.

FirstService Corp is also considering purchasing a majority stake in GVA Williams Real Estate.

National Bank Financial analyst, Micheal Smith, believes that this opportunity is one that many will embrace. "Rather than acting as a stumbling block, tumultuous times in the U.S. real estate market are creating interesting acquisition possibilities, especially for companies focused on smaller purchases that fit well with their current businesses", Michael said.

Of course the positive outcome for the United States is that foreign investment of any kind helps to boost the economy, and ultimately keep it afloat. Thus, creating a win-win situation for all involved.

Sources: McLeod, Lori (2008) Brookfield Seizes Chance to Expand U.S. Footprint;available online at http://www.theglobeandmail.com

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By Jeff Adolph

International Investment

Eager to profit from investment opportunities in the U.S., Canadian real estate companies are beginning to take advantage of the current U.S. realty marketplace.

This means that real estate firms in Canada are considering expansion into the U.S. and are starting to acquire services in America. For example - Brookfield Asset Management Inc., will purchase a U.S. based real estate firm from 'troubled parent company GMAC LLC', in the near future.

FirstService Corp is also considering purchasing a majority stake in GVA Williams Real Estate.

National Bank Financial analyst, Micheal Smith, believes that this opportunity is one that many will embrace. "Rather than acting as a stumbling block, tumultuous times in the U.S. real estate market are creating interesting acquisition possibilities, especially for companies focused on smaller purchases that fit well with their current businesses", Michael said.

Of course the positive outcome for the United States is that foreign investment of any kind helps to boost the economy, and ultimately keep it afloat. Thus, creating a win-win situation for all involved.

Sources: McLeod, Lori (2008) Brookfield Seizes Chance to Expand U.S. Footprint;available online at http://www.theglobeandmail.com

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$60 Million Real-Estate Ski Resort and Spa for LGBT Community Approved

By Jeff Adolph

LGBT Developments

The Sante Chaleur group has been backed by Midland Baring Financial Group for a $60 million real-estate ski resort and spa development, which will be tailored to the LGBT community's needs.

The exact location of the spa, ski resort and real-estate development is still to be announced.

The project, according to Sante Chaleur will include a full-service health spa and ski resort as well as a real-estate development that will be built specifically for the gay community.

'Having worked on the financing plan for some time now, we are very enthusiastic to finally be chosen as the financial partner along with Midland Coop and Relations Canada,' said Constantine Caros, President of midland Baring. 'The gay community is a very important market segment, and this vacation home real-estate development and state-of-the-art ski resort and spa will be completely tailored to their needs,' said Mr. Caros.

While the project is only in the initial stages, it has been approved and it is expected that construction will begin in the coming months.

Source: Midland Baring (2008) Midland Baring Signs $60 Million Financing Agreement for the Development of Real-Estate Ski Resort and Spa Tailored to the Gay Community; available online at www.marketwire.com

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Rosie the Realtor

By Jeff Adolph

LGBT Icons

Halifax Realtor, Rosemary Porter also known as Rosie the Realtor by many has hit the notoriety nail on the head with her unusual advertising campaign.

Rosie placed a red and white headscarf and blue shirt on and rolled up her sleeves to promote her motto 'Rosie gets the job done, she also knew that she would be unofficially announcing her sexuality to the world.'

Ms. Porter's move was not only bold as her image has a 'cult status' in the gay and feminist communities but also has gained her continual recognition. Many people in Nova Scotia automatically think of Rosie when they think of real estate.

Neville McKay, owner of a Halifax flower shop believes Ms. Porter's marketing is 'phenomenal.'

'I haven't bought a house from her, but I certainly know what her ads look like. I know who she is. When I think about real estate, she comes to mind,' he said.

Based on the 1942 united States War Commission Image of Rosie the Riveter, Ms. Porter confesses it took her awhile to release the advertising image.

'I had some postcards done up and I showed it to a lot of people to see what they thought about it. The common reaction was falling down laughing hysterically. That was good, because that was really what I wanted, in a way.'

What began as a joke -- 'Rosie the Realtor'  -- between Rosemary and her partner has become a story of success.

Source: Bolton, M (2007) Coming Up Rosie; available online at www.chronicleherald.ca

Image Source: www.chronicleherald.ca and www.rosiep.ca

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