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.
Thursday, June 05, 2008
Wednesday, April 30, 2008
Canada Has Become Infected With The Recession From The South
Canada has become infected with the recession from the south. The price of oil is at all time highs, and the economy is stagnant. The next 24 months could be a very bumpy ride for the Canadian economy hurt by the loss of manufacturing jobs.
The economy has sharply deteriorated to near recessionary levels and the cost of filling the tank and putting bread on the table is going to go sharply higher, Canadians were told Thursday.
A bleak economic assessment came from the Bank of Canada's quarterly monetary report, which warned that Canadian exports, particularly from manufacturers in central Canada, will be hard hit this year by the U.S. slump and tight money in the credit markets. Article.
The economy has sharply deteriorated to near recessionary levels and the cost of filling the tank and putting bread on the table is going to go sharply higher, Canadians were told Thursday.
A bleak economic assessment came from the Bank of Canada's quarterly monetary report, which warned that Canadian exports, particularly from manufacturers in central Canada, will be hard hit this year by the U.S. slump and tight money in the credit markets. Article.
Wednesday, April 23, 2008
Saskatchewan Real Estate Is Red Hot, And Sees No Cooling Trend In Sight
Saskatchewan real estate is red hot, and sees no cooling trend in sight. But, don not despair, decent homes with decent prices can still be found.
In a city where the average selling price of houses is now $265,000, the report says first-time buyers looking for something affordable in Saskatoon are still finding bungalows in good condition for under $200,000 in west-end neighbourhoods such as Confederation Park, Fairhaven, Meadow Green, Mayfair and Westmount.
There are also condos to be had in apartment conversions in neighbourhoods such as Hudson Bay Park.
Should a first-time buyer look at going into a $200,000 detached house in the Saskatoon real estate market, carrying costs for a $180,000 mortgage would sit at about $1,150 a month for a conventional 25-year mortgage or about $976 for a 40-year mortgage. Those numbers were calculated by Re/Max using TD Canada Trust financing at 5.75 per cent for a five-year term. The mortgage rate payments were calculated before Tuesday's Bank of Canada half-point rate cut. Article
In a city where the average selling price of houses is now $265,000, the report says first-time buyers looking for something affordable in Saskatoon are still finding bungalows in good condition for under $200,000 in west-end neighbourhoods such as Confederation Park, Fairhaven, Meadow Green, Mayfair and Westmount.
There are also condos to be had in apartment conversions in neighbourhoods such as Hudson Bay Park.
Should a first-time buyer look at going into a $200,000 detached house in the Saskatoon real estate market, carrying costs for a $180,000 mortgage would sit at about $1,150 a month for a conventional 25-year mortgage or about $976 for a 40-year mortgage. Those numbers were calculated by Re/Max using TD Canada Trust financing at 5.75 per cent for a five-year term. The mortgage rate payments were calculated before Tuesday's Bank of Canada half-point rate cut. Article
Tuesday, April 08, 2008
Canadian Real Estate News
The loss of jobs in Ontario is dragging down the Ontario real estate market. Not only are building permits down, but Ontario is pulling down the permit averages for the rest of Canada.
Ontario dragged down the rest of the country, with municipalities issuing $5.8 billion worth of building permits, down 1% from January, after peaking at $7 billion last spring. Take out Ontario, and the total value of building permits nationally would have jumped 9.8%. Article.
Permits for new structures are also shifting to multi-family dwellings.
Nationally, the value of non-residential permits fell 25.6% to $1.9 billion due to double-digit decreases in permits for all three components: institutional, commercial and industrial. Ontario construction intentions fell 16% to $2 billion, the lowest value since April 2007. Non-residential intentions in the province fell 44.9% while residential intentions were up 21.3%. Meanwhile, residential permits were up 21.3%. Article.
The Star has launched a new "website created to serve home buyers, sellers, owners and renters throughout the Greater Toronto Area." The site is Yourhome.ca.
Ontario dragged down the rest of the country, with municipalities issuing $5.8 billion worth of building permits, down 1% from January, after peaking at $7 billion last spring. Take out Ontario, and the total value of building permits nationally would have jumped 9.8%. Article.
Permits for new structures are also shifting to multi-family dwellings.
Nationally, the value of non-residential permits fell 25.6% to $1.9 billion due to double-digit decreases in permits for all three components: institutional, commercial and industrial. Ontario construction intentions fell 16% to $2 billion, the lowest value since April 2007. Non-residential intentions in the province fell 44.9% while residential intentions were up 21.3%. Meanwhile, residential permits were up 21.3%. Article.
The Star has launched a new "website created to serve home buyers, sellers, owners and renters throughout the Greater Toronto Area." The site is Yourhome.ca.
Thursday, April 03, 2008
Real Estate In Canada Is The Same As Always
You may think that real estate prices are too high, and no one can afford a home any more, but that is what people thought 10 years ago, and will ten years from now.
Yes, these are troubled times, we also may be getting closer to the end of this particular cycle but long term we will be just fine.
To buy real estate in 2008 will feel as troublesome as it did in 1966 or 1975 or 1983 or 1988 or 1991 or 2001 when we had all these troubled events (stock crashes, crisis, troubles) the previous year. And aren't you happy you bought then?
For all the 38 years I have been in this business there are the same stories every year.
There are too many Realtors in the business.
No young couple can afford to buy anymore.
I wish I bought 5 years ago.
Every Year!
Article.
Yes, these are troubled times, we also may be getting closer to the end of this particular cycle but long term we will be just fine.
To buy real estate in 2008 will feel as troublesome as it did in 1966 or 1975 or 1983 or 1988 or 1991 or 2001 when we had all these troubled events (stock crashes, crisis, troubles) the previous year. And aren't you happy you bought then?
For all the 38 years I have been in this business there are the same stories every year.
There are too many Realtors in the business.
No young couple can afford to buy anymore.
I wish I bought 5 years ago.
Every Year!
Article.
Tuesday, April 01, 2008
Spring Real Estate Sales To Rise
Spring means that it is time for real estate prices to rise and the people to start buying and selling property. Canadian real estate enjoys the spring rush due the change in seasons, and winter restlessness. Try some of these recent additions to Snap Up Real Estate listings: four bedrooms in a great neighborhood in Calgary, Alberta for only $329K, a newer 4 bedroom home with a 2 car garage in Halifax, Nova Scotia for only $255K, or try a renovated bungalow in Toronto for only $406K.
Wednesday, March 26, 2008
Real Estate Property Listings Are Piling Up Quickly On Snap Up Real Estate
Real estate property listings are piling up quickly on Snap Up Real Estate. Check out some of this week's newest additions to the real estate game. A vacation home in Sorrento, BC is just what the doctor order for rest and relaxation. For the budget conscious try these three bargains: A mobile home in Nelson, BC, an eight year old vacation home in Nakina, ON, or a half duplex in Dartmouth, NS.
For investors we also have a great selection of properties. You can purchase a commercial building in Hamilton, ON for only $327K. Also, you could buy 143 Acres of development property in Revelstoke, BC, or a huge condo in downtown Montreal. Lastly there is a cabin on Kamloops Lake with two residences for only $385K.
For investors we also have a great selection of properties. You can purchase a commercial building in Hamilton, ON for only $327K. Also, you could buy 143 Acres of development property in Revelstoke, BC, or a huge condo in downtown Montreal. Lastly there is a cabin on Kamloops Lake with two residences for only $385K.
Tuesday, March 25, 2008
Snap Up Real Estate Has Some Great Bargains
Snap Up Real Estate has some great bargains. Check out this week's newest properties:
- A small home on Brier Island
- try this great mobile home in Edmonton, Alberta
- or recreational or investment property in Field, Ontario
- how about a huge near new home in Brampton, Ontario
- a condo in North York
- maybe a renovated Calgary home for $260K
- or a really cheap home in Meteghan, Nova Scotia
- lastly, why not live in Massey Drive, Newfoundland?
Always list real estate for free with Snap Up Real Estate.
- A small home on Brier Island
- try this great mobile home in Edmonton, Alberta
- or recreational or investment property in Field, Ontario
- how about a huge near new home in Brampton, Ontario
- a condo in North York
- maybe a renovated Calgary home for $260K
- or a really cheap home in Meteghan, Nova Scotia
- lastly, why not live in Massey Drive, Newfoundland?
Always list real estate for free with Snap Up Real Estate.
Tuesday, March 18, 2008
Snap Up Real Estate Has A New Real Estate Property Listing In Ottawa, Ontario
Snap Up Real Estate has a new listing in Ottawa, Ontario. This home has 4 bedrooms, 3 bathrooms, and a huge yard. This home also features a 3 car garage. The location of the home is Aylmer, QC and is priced to sell.
In real estate news the unsteady markets and continuing housing crunch south of the border is effecting Canadian markets:
The impact on Canada from the deepening crisis was sudden and unequivocal. Panic from the south spilled over to the Toronto Stock Exchange on Monday as investors worldwide cashed in their valuable resource stocks to cover losses and ensure quick access to their money. Canada will undoubtedly suffer from more shudders as the crisis runs its course. Article.
Also Revelstoke, BC is now the hottest real estate market in Canada. Yeah, that's right. The city's new ski resort is off to a great start.
Within hours launching its latest real estate endeavour, more than $ 35-million worth of property was snapped up by eager Revelstoke Mountain Resort investors on March 1, bringing the total sales to more than $100 million.Currently North America’s hottest destination, Revelstoke Mountain Resort is expected to be completed over 15 years and will include over 5,000 new housing units (1,500 apartments, 2,000 hotel suites, 850 town houses and 550 private plots), as well as more than 500,000 square feet of commercial and retail space, and a signature golf course.However skiers and boarders are more likely to be excited by the news that additional gondolas and chairlifts are expected to be completed in the winter of 2008/09. Revelstoke will then boast North America’s longest lift-serviced vertical descent.Since its opening less than three months ago in December 2007 with an eight-person, $16-million gondola and a high-speed quad chairlift, Revelstoke Mountain Resort has received rave international reviews. Article.
In real estate news the unsteady markets and continuing housing crunch south of the border is effecting Canadian markets:
The impact on Canada from the deepening crisis was sudden and unequivocal. Panic from the south spilled over to the Toronto Stock Exchange on Monday as investors worldwide cashed in their valuable resource stocks to cover losses and ensure quick access to their money. Canada will undoubtedly suffer from more shudders as the crisis runs its course. Article.
Also Revelstoke, BC is now the hottest real estate market in Canada. Yeah, that's right. The city's new ski resort is off to a great start.
Within hours launching its latest real estate endeavour, more than $ 35-million worth of property was snapped up by eager Revelstoke Mountain Resort investors on March 1, bringing the total sales to more than $100 million.Currently North America’s hottest destination, Revelstoke Mountain Resort is expected to be completed over 15 years and will include over 5,000 new housing units (1,500 apartments, 2,000 hotel suites, 850 town houses and 550 private plots), as well as more than 500,000 square feet of commercial and retail space, and a signature golf course.However skiers and boarders are more likely to be excited by the news that additional gondolas and chairlifts are expected to be completed in the winter of 2008/09. Revelstoke will then boast North America’s longest lift-serviced vertical descent.Since its opening less than three months ago in December 2007 with an eight-person, $16-million gondola and a high-speed quad chairlift, Revelstoke Mountain Resort has received rave international reviews. Article.
Wednesday, March 12, 2008
Check Out The Newest Properties Available On Snap Up Real Estate
Check out the newest properties available on Snap Up Real Estate:
$40K for a Saskatchewan Church
$389K for almost 5 acres and two dwellings on Christina Lake
$205K for 10 acres and a great home in Annapolis Royal, NS
$429K for 2 acres of river frontage in Saint John, NB
$120K for a 3 Bedroom Townhouse in Prince George
$80K for 100 acres of nature in Chipman, NB
These and other great deals on Canadian real estate can be found at with Snap Up Real Estate.
Don't Forget you can list your real estate for free with Snap Up Real Estate.
$40K for a Saskatchewan Church
$389K for almost 5 acres and two dwellings on Christina Lake
$205K for 10 acres and a great home in Annapolis Royal, NS
$429K for 2 acres of river frontage in Saint John, NB
$120K for a 3 Bedroom Townhouse in Prince George
$80K for 100 acres of nature in Chipman, NB
These and other great deals on Canadian real estate can be found at with Snap Up Real Estate.
Don't Forget you can list your real estate for free with Snap Up Real Estate.
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