Just in case you missed my monthly news letter I've attached a link to it. If you are interested in receiving this just send me an email and I would be glad to send it to you!...Doug ..Just click on the link below:
http://www.justenuffnews.com/newsletter.php?id=394&n=VZ+c
Saturday, July 4, 2009
Thursday, July 2, 2009
June sales jump nearly 5%!
Last month, 946 homes exchanged hands in the jurisdiction of the London and St. Thomas Association of REALTORS® (LSTAR), a 4.5-per-cent increase over June 2008. Year to date, 3,296 detached homes have been sold – down 11 per cent compared to the same period in 2008.
“We are very pleased to see a 4.5 per cent increase in sales,” says Joe Hough, LSTAR President. “2008 was a record-breaking year, so it is just outstanding to see a gain for June 2009 over June 2008. Sales may be down year-to-date, but the numbers we are seeing are still very positive.”
Hough says the average residential price is also improving. “Year-to-date for June 2009, the total residential average price is up 1.5% to $211,583, compared with a decline of 1.2% in May, 1.8% in April, 2.7% in March, 2.4% in February and 2.8% in January.”
“We are very pleased to see a 4.5 per cent increase in sales,” says Joe Hough, LSTAR President. “2008 was a record-breaking year, so it is just outstanding to see a gain for June 2009 over June 2008. Sales may be down year-to-date, but the numbers we are seeing are still very positive.”
Hough says the average residential price is also improving. “Year-to-date for June 2009, the total residential average price is up 1.5% to $211,583, compared with a decline of 1.2% in May, 1.8% in April, 2.7% in March, 2.4% in February and 2.8% in January.”
Thursday, June 25, 2009
Home Ownership Up
The London Free Press reported that Canada has become a nation of home owners, according to a new report by Scotiabank, saying 68.4% of Canadian households owned their own homes in 2006 and the number likely edged up even further in 2007. That is up from 63.6% that owned their own homes a decade earlier. As well 9% of Canadian households own a second home, such as a cottage, resort condominium or other vacation residence, up from 7% in 1999.
Saturday, June 20, 2009
Tax Rebate for HST!
The Sun reported today that Premier Dalton McGuinty is proposing to provide a 75 per cent tax rebate on first $400,000 for new homes! The provincial government is sweetening the pot in a bid to make the controversial harmonized sales tax more palatable to Ontarians. In a surprise move this morning, the government announced it was capitulating to home builders' demands by effectively reducing taxes proposed on new homes. Under the change, buyers of new homes in all price ranges would receive a 75 per cent rebate of the 8 per cent provincial portion of the HST on the first $400,000 of the cost.
Wednesday, June 17, 2009
Great Weekend in Grand Bend
We finally had a real summer weekend here in Grand Bend! The weather co-operated and the place was finally busy with traffic getting backed up around the Bend. With Road construction going on 21 Highway the roads are starting to look better also! Hope to see you at Grand Bend soon to see our new beach improvements as well. They look great!
Thursday, June 11, 2009
Those Interest Rates are GREAT!
Got this graph sent to me by Mal Eccles, a London Mortgage Broker, showing the average interest rates since 1951. With rates this low is it a great time to buy for sure.
Wednesday, June 10, 2009
Buyer's Market!
Canada Mortgage and Housing Corporation's annual consumer survey shows that a majority of home buyers believe a home is a good investment and that this is a good time to buy a house! 90% of recent home purchasers believe that home ownership is a good long term investment. 86% say that housing and monthly payments should not exceed 40% of gross household income and 75% of purchasers have a goal to be mortgage free sooner than their original amortization.
Subscribe to:
Posts (Atom)