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Canada Mortgage and Housing Corporation (CMHC) released this report yesterday. I thought readers would be interested in what Chris Janes, CMHC's senior market analysthere in St. John's, had to say about the local market. ST. JOHN'S, May 19 ...[Read More]
“Real Estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care it is about the safest investment in the World.” —Franklin D. Roosevelt ________________________________________ ...[Read More]
Time marches on and as happens, people age. Currently, boomers becoming eniors is an influential population trend which will continue well after the last baby boomer hits 65. Sometime ago developers realized there would be a growing need for appropriate ...[Read More]
Yesterday morning we heard the news that a helicopter had ditched at sea 30 nautical miles east southeast of St. John’s. Eighteen people were aboard. Thirty hours later 1 man is in hospital in critical condition, and one body has been recovered. ...[Read More]
CMHC’s forecast for the local housing market: ! Total housing starts for 2009 between 1,475 and 1,725 ! Total housing starts for 2010 between 1,525 and 1,850 ! MLS sales between 3,200 and 3,700 for 2009 ! MLS sales between 3,300 and 3,800 for 2010 ...[Read More]
It's a crisp, cold, day with a promise of spring. Maybe that's why I got to thinking about a sunny day last fall when I took a walk around Quidi Vidi Village , a once rough and tumble fishing community, that's become one of the cool places ...[Read More]
Construction projects appear to be proceeding ! while labour requirements will not peak for 2-3 Years, these projects will continue to enhance business and consumer confidence. Also the Alberta oil patch slowdown is expected to bring some relief to the ...[Read More]
The latest Canda Mortgage and Housing release suggest that the craziness of 2008 has all but vanished and we are entering into a period of market stability, which means great news for buyers.....[Read More]
Outdated kitchens make homes more difficult sell (or rent if it is an investment property). My home stager Glenys Moss has encountered many out dated kitchens in her career. She says if the walls, countertops, and cupboards are in good shape paint can ...[Read More]
Excellent Investment Property • 1,750 sq. ft., 2 bath, 4 bdrm 2 story "main floor in law " - $150,000 Rabbittown, St. John's - Excellent investment opportunity! On the doorsteps of the university this 2-apartment home offers excellent ...[Read More]
If you have been reading this blog you will know that I like to break down statistics into a form that is meaningful for the consumer. For instance this post will look at single family detached homes, both bungalows and 2 stories in St. John's East ...[Read More]
Given that it is the end of July I thought it would be a good time to take a closer look at what has been happening with Mount Pearl Real Estate this year . The following* information gives you a quick snapshot of the activity for detached bungalows, 2 ...[Read More]
When people think of buying a new home, these days a condominium is often their first choice. When you are considering a purchase it is always helpful to know how the market is behaving. The following tables give you a quick snapshot of the St. John’s ...[Read More]
Last year there were far more people who wanted to buy condominiums than there were condos for sale. This may not be the case this year with the number of new condominium projects in various stages of development. Three of these new developments are in ...[Read More]
This is one of those times. I just checked out John Gushue's latest posting on his blog Dot Dot Dot and came across this link to a gem of a short, animated film, Sparky's Book, by Newfoundland filmmaker Mary Lewis. Briefly put, it is a heartwarming ...[Read More]
I sometimes think my home stager, Glenys Moss of Stage-to-Sell , is a miracle worker. Not the laying on of hands sort, more the turning water into wine variety. She takes your home and, with your permission, creates a space that buyers compete with their ...[Read More]
St. John’s real estate is on a good many investors radar these days. Some of these people are seasoned real estate investors; others are just beginning to feel their way. If you’re new to the game it’s often hard to know where to start? ...[Read More]
In seven years I have handled 100+ new homes builds with my clients. New home builds are always trickier to manage than buying a resale home. This year it became a little more complicated. For instance, I have a client whose costs to build just went up ...[Read More]
I always like to drill a little deeper into real estate statistics. It generally gives you a better picture of how a particular set of numbers affect your personal situation. NLAR released their March statistics on Monday and little analysis proved interesting. ...[Read More]
It’s simple really. The listings are old news before they hit MLS.ca. There is a reasonable explanation. Remember when you had to write a school essay entitled “A Day in the Life of a Penney”? I’ll do something similar here, and ...[Read More]
For our family there is. We're from Freshwater and proud of it and my brother Ted's daughter Allie is in Sweden competing in the World's Ice Dance Competition. And needless to say we're very proud of her. Forgive an uncle if he takes an ...[Read More]
I offer all my vendors a free home staging consultation with a professionally trained home stager. Even now when the market is on fire, I encourage clients to use the service. For sellers this is an opportunity to maximize the equity in your home. The ...[Read More]
It's old news that homes are getting snapped up the day they hit the market, often for more than the list price. What’s a buyer to do? Make a clean offer they can’t refuse! Mortgage Pre approval tops the list – I can’t overstress ...[Read More]
Why Such a Big Prize This past week CMHC (Canada Mortgage and Housing Corporation) presented their annual real estate review and projections for the coming year. Once it was all said and done the St. John’s CMA (Census Metropolitan Area) area walked ...[Read More]
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