Tuesday, June 24, 2008

Real Estate In Canada Has Been Taking A Bit Of A Hit Lately

Real estate in Canada has been taking a bit of a hit lately, with the mortgage and housing mess down south. Recently MoneySense put out a list of good places to buy in Canada based on affordability, strength of local economy, and momentum.

To help us gain an even better sense of a city's Value, we looked at local wages and figured out the number of years of average household income that it would take to purchase the typical local home. We downgraded communities where local residents couldn't afford to buy homes easily; we gave highest marks to cities where they could. Our reasoning was that places where homes are affordable are places where real estate prices are solidly rooted in economic fundamentals and are therefore unlikely to plunge. The differences between communities can be huge. In Regina, a typical family needs two-and-a-half years of income to buy a home; in Vancouver, a typical family needs nearly eight years of income. Talking strictly in terms of bang for buck, Regina is a much better place to buy. Full Article.

Some of the top performers were: Regina, Saskatoon, Winnipeg, Edmonton and Vancouver.

Snap Up Real Estate Canada Is Growing

Snap Up Real Estate has added new city pages.

Niagara Falls, Thunder Bay, Windsor, and Langley are all new additions to our city page index. If you have any comments of suggestions for the pages feel free to let us know.

Thursday, June 05, 2008

Real Estate Is Falling Off In Most Of Canada, But Saskatchewan Is Still Flying

Real Estate is falling off in most of Canada, but Saskatchewan is still flying. Property that was once hard to give away is now being sold to the highest bidder, and the bids are high. Great deals can still be found on vacation property in Saskatchewan if you look. Try these building lots for sale near Esterhazy, SK at $50K a pop.

...view of Round Lake and a north view of the Qu'Appelle Valley hills. A Lilac hedge borders the south side of each parcel and the north side is bordered by Ash. Frontages range from 240 ft, to 325 ft. with depths of 150 to 250 ft. The parcels are flat, accessed by pavement, have access to power, natural gas, telephone, septic tanks and private well. View the original listing with pictures.

If the BC coast is more your flavour check out this condo in Sechelt. It has all the space you will need, plus views of the ocean and a place for your boat.