New Calgary Real Estate in Meadowlark Park

This three bedroom, two bathroom home is located in the Meadowlark Park area of Calgary, Alberta. For $518,360, you will be located ten minutes away from downtown Calgary in this impressive home. It features a new kitchen with granite counters, hardwood floors, high end appliances, wood burning fireplace, and a multi level deck.

You can check out this Calgary real estate property listing at Snap Up Real Estate Canada.

Kamloops Real Estate Activity in May, 2009

Real estate property listings in the Kamloops and district real estate association (KADREA) went from 2865 in April to 1850 in May. This shows the sales-to-active listings are getting closer to a balanced market. In the KADREA, residential home listings decreased from 950 to 642 and condo townhouse listings decreased from 266 to 187.

The residential median price in Kamloops real estate in May dropped from $332,000 to $328,000. There were 20 sales in the $400 - $439,000 range. There was an overall increase in sales between the $360 - $519,000 price range. The $240 - $279,000 price range only had 26 sales in May compared to 31 sales in April.

In Kamloops, Brock and Westsyde had the largest increase in sales. Both areas combined for 47 sales. Sahali and Aberdeen combined had 49 sales. Most of those sales were in the $320 - $359,000 price range. Pineview Valley only had 19 sales compared to 26 in April.

New Halifax Real Estate Property Listing - Waterfront Home at Snap Up Real Estate Canada

If you are looking for real estate in Halifax, you should check out the new four bedroom and four bathroom waterfront home that was just added to Snap Up Real Estate.

This three level home has just been recently decorated with hardwood floors, granite powder room, custom built in desk in the office, and built in wall units. You will be able to enjoy walks to the lake in the evening or play a round of golf with two memberships to Glen Arbour Golf Country Club that's included in the price.

This home is priced at $675,000. Check out the real estate on Glen Abour Way to find out more details.

Optimism in the Kamloops Real Estate Market for April 2009

Sales in the Kamloops real estate market increased by 30% in April. In the $300 - $399,000 range, sales increased from 11 to 27. The $240 - $279,000 real estate range had 31 sales compared to 8 in March. Even the $600,000 and above price range had 6 sales.

The median price for KADREA real estate also increased to $307,000. The actual real estate median price in Kamloops increased from $315,000 to $332,000.

Sahali had the largest increase in sales from 14 to 24. Bachelor Heights, Aberdeen, Brocklehurst, the North Shore, and Barnhartvale contributed to the overall sales increase in the Kamloops area.

Apartment real estate property listings doubled to 102 in April.

Canadian Real Estate Review - Kamloops Real Estate - March 2009 Review

Real estate sales in Kamloops did increase by 76% in March compared to February. The median prices in the Kamloops area increased to $304,250. That’s an $8,250 increase.

Sales were up in the $360 - $399,000 range, doubling to 19 sales in March. In the $400 - $439,000 range, sales increased by 5 times the amount in February. These two real estate price ranges are generally the first to be affected by a slower economy. Constant sales in the $200 - $319,000 range were achieved. That price range represented more than 50% of the overall sales in March.

The largest increase in Kamloops real estate sales came from the Aberdeen area, increasing from 5 to 18. Other areas in Kamloops including South Kamloops and Westsyde increased to 17 sales, while the North Shore and Brocklehurst areas also contributed.

Sales for residential homes in Kamloops increased by 60% while sales for townhouses and apartments doubled.

Kamloops, BC Real Estate February Review at Snap Up Real Estate Canada

Real estate sales are going up while the prices are going down. This is a good time for home buyers looking for a new home. The average price of homes in the Kamloops area has decreased from $322,500 in January 2009 to $294,000 in March 2009.

The price of homes dropped due to an increase in sales between the $240,000 - $319,000 range. Sales also increased in the $520,000 - $559,000 price range.

Overall, real estate sales in Kamloops increased by 46% to a total of 92 homes sold. Compared to 2008, that’s still much lower when 229 homes were sold in the same month. 8% more homes have been listed for sale in the Kamloops area in February. More lots for new homes have also increased to 370.

The top area in Kamloops for sales in February was Sahali with 12 homes sold. Find homes for sale on the Kamloops real estate page on Snap Up Real Estate Canada.

New Kamsack Real Estate at Snap Up Real Estate Canada

Check out the new Kamsack real estate city page for more details about the area and property listings for sale. You can even add your own Kamsack real estate property listings for free on Snap Up Real Estate Canada. If you would like to sell real estate in other areas around Saskatchewan, feel free to post them for free as well.

If you have a company and would like an opportunity to advertise on the Kamsack real estate city page, please feel free to contact Snap Up Real Estate Canada for more details. We offer an affordable, measurable, and effective advertising solution for your business.

Wainwright Real Estate City Page Added to Snap Up Real Estate Canada

If you are looking for real estate in Wainwright, AB, you are in luck. Snap Up Real Estate Canada has just expanded to include a new Wainwright, AB city page. You can check out the new Wainwright real estate city page to find out more details about the city, view available properties for sale, and even post your own real estate property listing for free.

Advertising is available on the new Wainwright, Alberta page. If you are interested, you can contact Snap Up Real Estate Canada for more details.

White Rock Real Estate for Sale on Snap Up Real Estate Canada

Snap Up Real Estate Canada has expanded the website to include a new White Rock real estate city page. You can find out more information about White Rock, view the available properties for sale, and list your property for free!

You can find properties for sale all across Canada at Snap Up Real Estate. Let us know what you think of the new White Rock, BC real estate page. Please post a comment.

Real Estate For The Well To Do Is On The Slide

Experts involved in the Calgary Real Estate market say that the selling of high end homes is down drastically. The market downturn in Calgary and area does not have professionals spooked though, they say conditions are still strong.

"Cautious, price-sensitive purchasers are now weighing their options, waiting as long as six months for the right property to come along," the report says. "Properties that are priced well will sell, while those that are priced too high will linger."
Although people who buy an upscale house generally have deeper pockets than those buying an average home, factors that influence their decision are largely the same, said Lowell Martens, a realtor with Re/Max Mountain View. Article.

Free Real Estate Listings.

Real Estate In Canada Is About To Take A Plunge

Real estate experts across Canada have concluded that the decade long real estate jump is about to run off a cliff. Prices reaching of half a million for homes in Kelowna and Calgary are about to drop off significantly.

To analyze whether housing prices are overvalued, the researchers looked at current house prices in nine major Canadian cities. They compared these prices to their own calculation of what a balanced market price should be, derived from the relationship between house prices, rents and the cost of investing in housing in each market.
The study warned that the potential for price declines is greatest in cities that have a large supply of unsold inventory or a mismatch between the number of units and the number of households ready to occupy them.
Somerville concluded that only in Toronto are prices in balance with rents. In Halifax, Montreal, Ottawa, Regina and Winnipeg prices would need to drop by at least 20 per cent to be in balance, while Calgary and Vancouver would require a 7 to 11 per cent drop in prices to reach the study's equilibrium level. But the study found in Edmonton prices are actually below equilibrium, by 8 per cent... Article.

US Bargain Real Estate

Some experts area sating that USA real estate is going to get even cheaper.

Attention, real estate shoppers: the entire U.S. sunbelt is now officially on sale. Prices in many areas of Florida, Arizona, Nevada and California have dropped 40 per cent from their peaks of a couple of years ago, to the point where the deals seem nearly too good to be true. In Naples, Fla., a three-bedroom, two-bathroom home that sold for $350,000 in 2007 is on the market for only $200,000. A starter home in Sacramento, Calif., that sold for $215,000 in 2004, is on offer for a mere $129,000. And remember: these aren't sale prices. They're asking prices. Article.

This means that in a couple of years your average Albertan can sell there home in Edmonton or Calgary for $500K, then move to sunny California and buy a home for $100K. This is an exaggeration of course, but if the trend continues any longer that 2012 it will be the reality.

Real Estate In Canada Is Continuing Its Cooling Trend

Canadian Real Estate is not in the same state as prices to the south of the border, but concern is mounting. Prices are still increasing in Canada, but softer markets in Alberta and British Columbia are blamed for the slowdown in increases.

New house prices rose in May at their slowest pace in almost six years, a further sign that Canada's real estate market is cooling, particularly in Alberta and British Columbia.

Prices rose 4.1 per cent in May from a year earlier, down from 5.2 per cent in April and the weakest since the 4 per cent registered in July, 2002, Statistics Canada said Friday.

On a monthly basis, prices remained unchanged between April and May.

Statscan said the May showing continued “a deceleration that started in September, 2006, due mainly to the softening market in Alberta and British Columbia.”

Saskatchewan continued to see the biggest increases. In Regina, for example, home prices rose 30.4 per cent, and in Saskatoon 30.2 per cent. Still, Statscan noted, Regina's showing slipped from 34 per cent in April and Saskatoon's from February's record 58.3 per cent.

In Alberta and British Columbia, the impact was noticeable. Article.

The Price Of Thunder Bay, ON Real Estate Is On The Rise

The price of Thunder Bay real estate is on the rise. Traditionally the city was home to some of the most affordable homes in the country, but market conditions have changed and prices are climbing.

The president of the Thunder Bay Real Estate Board says home prices in the city are up four to five percent from last year and the shortage of homes on the market is largely responsible.

John Litt says the average price for a house in Thunder Bay right now is in the $120,000 range and people who already have houses seem to be content with what they have and are sitting tight.

So it's the best of times of times and the worst of times depending on whether you are trying to buy or trying to sell a home.

Thunder Bay's housing market has become a major seller's marketplace and those looking to buy a house are finding a lack of good, affordable homes or are encountering an all-out bidding war or must rush to close a deal. And with market analysts predicting current trends to continue, that's forcing prospective buyers to think later or be left in the dust. Article

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.

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.

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.

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

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.