Wednesday, October 27, 2010
Tuesday, October 26, 2010
We have a new council here in Lambton Shores after yesterdays election. The mayors race was close, with Bill Weber edging out John DeHondt by a 9% margin and in Ward 7 south of Grand Bend, it was a real squeaker with incumbent John Russell winning over Allan Martelle by 25 votes or 9% as well! We will have a new Deputy Mayor as well as Carolyn Jaimeson was defeated. So there will be quite a few new faces on council here in Lambton Shores and we wish them well!
Wednesday, October 20, 2010
Jeannette, Mark and myself just got back from Beautiful BC. and as Mark says, "there are a lot of trees there". Saw the salmon run up the Adams River, the Gold rush town of Barkerville and the old Mayra Canyon Rail line at Kelowna, so we were busy and drove too many miles.
RBC reported that housing starts in the U.S. unexpectedly rose by 0.3% in September to an annualized pace of 610K units, representing the third consecutive monthly increase, following August’s 10.5% increase to an upwardly revised 608K annualized units (previously reported 598K) and July’s 2.0% rise, and the fastest pace of starts since April. Market expectations going into today’s report were for a 3.0% decline to 580K annualized units. Building permits, however, surprised to the downside by falling 5.6% to an annualized 539K and compared to market expectations for a slight 0.7% rise to 575K.
Friday, October 1, 2010
Last month 475 detached homes and 114 condos exchanged hands – a total of 589 sales. “Over the third quarter of this recovery year, we’ve seen sales that are more like those of the early two thousands than the period leading up to the global financial crisis,” observes Richard Thyssen, President of the London and St. Thomas Association of REALTORS®. “Given that 2001 and 2002 were both banner years in our market, that’s news we can live with.” Year to Date sales continued to outpace last year’s by 2.7%. “The flurry of activity we saw in the latter part of ’09 and the first two quarters of 2010, as fence-sitters waiting out the recession got back in the game and buyers hustled to avoid paying the HST has subsided. Now, it’s back to business as usual.”