Hi All,
The BC Real Estate Association has now published their latest report on the BC Real Estate Market and also gives their views on the latest Forecasts for 2012 & 2013.
Kind Regards
Trish Cenci
Tel 250 864 1707
Email trishcenci@shaw.ca
Showing posts with label Canadian Real Estate. Show all posts
Showing posts with label Canadian Real Estate. Show all posts
Where did the Kelowna Real Estate Buyers come from in December 2011?
Hi All,
The results of OMREB's December 2011 Buyers Survey are in.
A total of 103 respondents participated in this survey – representing 48.6% of the 212 OMREB sales representatives who acted as Buyers Agents and 38.7% of the 266 deals closed on behalf of Buyers in December.
DECEMBER 2011 SURVEY SUMMARY
Property Type:23.8% of purchases were by Move-Up Buyers
21.8% buying Revenue/Investment Property
19.8% by First Time Buyers
8.9% moving from Single Family Home to Strata Unit
7.9% Recreation Property Buyers
5.0% moving from Strata property to Single Family Home
3.0% moving into Retirement Home/Seniors Community
Property Type:23.8% of purchases were by Move-Up Buyers
21.8% buying Revenue/Investment Property
19.8% by First Time Buyers
8.9% moving from Single Family Home to Strata Unit
7.9% Recreation Property Buyers
5.0% moving from Strata property to Single Family Home
3.0% moving into Retirement Home/Seniors Community
It is interesting to note that the number of revenue and investment property purchases improved significantly and rose to second on the list for December (from fourth) – pushing first-time buyers down to third place.
Reported purchases of recreation properties saw a noticeable improvement as well.
Moving From:
68.9% from Within OMREB Board Area
12.6% from Alberta
8.6% from Lower Mainland/Vancouver Island
2.9% from Other Areas in BC
2.9% from Saskatchewan/Manitoba
2.9% from Outside Canada
1.0% from NWT/Yukon (third month reported)
0% from Eastern Canada/Maritimes
68.9% from Within OMREB Board Area
12.6% from Alberta
8.6% from Lower Mainland/Vancouver Island
2.9% from Other Areas in BC
2.9% from Saskatchewan/Manitoba
2.9% from Outside Canada
1.0% from NWT/Yukon (third month reported)
0% from Eastern Canada/Maritimes
Kind Regards
Trish Cenci
Tel 250 864 1707
Email trishcenci@shaw.ca
Excellent Advice for the Long Term Real Estate Investor in 2012
Hi All,
I was reading Don R Campbell's latest blog post this morning and felt that I had to share it with you.
It offers really excellent advice to the Canadian real estate investor who is looking for a reasoned approach to making long term real estate investment decisions.
I hope you find this helpful!
Kind Regards
Trish Cenci
Tel 250 864 1707
EMail trishcenci@shaw.ca
I was reading Don R Campbell's latest blog post this morning and felt that I had to share it with you.
It offers really excellent advice to the Canadian real estate investor who is looking for a reasoned approach to making long term real estate investment decisions.
2012: The Year Of Confusion, Concern and Consternation – The Perfect Environment For A Sophisticated Investor
2012 is going to be a year of confusing economic signals, mixed real estate messages and fearful investors. In other words: the perfect environment for the sophisticated long-term real estate investor.
Over the last 20 years, my research team and I have been analyzing the Canadian real estate markets from a unique point of view – we don’t look at the real estate numbers. This approach has allowed us and the sophisticated investors who understand this approach to move forward when real estate signals all seem to be showing “stop” – and stop when signals all seem to be green.
To read more please go to the attached link.http://www.donrcampbell.com/2012-the-year-of-confusion-concern-and-consternation-the-perfect-environment-for-a-sophisticated-investor
I hope you find this helpful!
Kind Regards
Trish Cenci
Tel 250 864 1707
EMail trishcenci@shaw.ca
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