Friday, November 13, 2009

Fall 2009 Housing forecast

For immediate release
Market Strength Extends Through 2010
BCREA Fall 2009 Housing Forecast
Vancouver, BC – November 13, 2009. The British Columbia Real Estate Association (BCREA) released its Fall 2009 Housing Forecast today.
BC Multiple Listing Service® (MLS®) residential sales are estimated to increase 20 per cent to 82,900 units this year from 68,923 units in 2008. Residential sales in 2010 are forecast to increase a further 8 per cent to 89,600 units. The ten-year average is 82,800 units.
“A sharp rebound in consumer demand turned a potentially dismal year into a very strong year for home sales,” said Cameron Muir, BCREA Chief Economist. “Vancouver and Victoria, in particular, are posting near record unit sales this fall.”
President Scott Veitch Vice President John Tillie Past President Andrew Peck Chief Executive Officer Robert Laing
604.683.7702 604.683.8601 (fax) bcrea@bcrea.bc.ca www.bcrea.bc.ca
1420 – 701 Georgia Street West, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6
BC interior housing markets are also experiencing robust consumer demand as low mortgage rates and stronger market confidence drive home sales higher.
The average annual MLS® residential price in the province is expected to post a new record this year, rising 2 per cent to $463,200 and is forecast to climb an additional 4 per cent to $482,800 in 2010. BC MLS® Residential Sales020,00040,00060,00080,000100,000120,000UnitsSource: BCREA
“Recovery in the BC economy will unfold gradually next year,” added Muir. “With sales prices in some markets flirting with record highs, affordability constraints will limit home price inflation over the next year.”
– 30 –
The full Fall 2009 Housing Forecast is available here: www.bcrea.bc.ca/economics/HousingForecast.pdf.
For more information, please contact:
Cameron Muir
Chief Economist
Direct: 604.742.2780
Mobile: 778.229.1884
Email: cmuir@bcrea.bc.ca

Tuesday, November 10, 2009

Canadian Consumer Confidence Improving!

Canada
National consumer confidence continued to improve for the third consecutive quarter in the third quarter of 2009, according to the Conference Board of Canada’s index of consumer confidence. Consumer sentiment is up from the end of 2008, and now stands above pre-recession levels. The sharp rise in confidence resulted from improved sentiment about households’ budgetary outlook, job growth prospects, and major purchases.

Consumer confidence was down slightly in October 2009 after seven consecutive monthly gains, but remains well above where it stood in the third quarter of 2008.

The balance of sentiment about making major purchases, such as a home or a car, broke into positive territory for the first time since the first quarter of 2008. Sentiment was on par with upbeat levels last seen at the end of 2007.

The balance of sentiment about making major purchases edged lower in October, but stayed positive for the third consecutive month.

A positive balance of sentiment means more survey respondents said it was a good time to buy a big-ticket item, such as a home or car, than said it was a bad time to do so. This indicator is an important factor underlying the housing market.

Sentiment about job growth prospects continued to improve significantly in the third quarter of 2009, rising into positive territory for the first time since the first quarter of 2008. More survey respondents expect employment to pick up over the next six months, and fewer expect more layoffs.

The balance of sentiment about households’ budgetary outlook also rose in the third quarter. A positive balance of opinion means more households said they expect their household budget to improve in the next six months than said they think it will worsen.

British Columbia
Consumer confidence in British Columbia continued improving in the third quarter of 2009, with the Conference Board of Canada’s index of consumer confidence rising to the highest quarterly level since the first quarter of 2008.

Consumer confidence rose further in October, reaching the highest monthly level since May 2008.

Sentiment about making major purchases, such as a home or a car, rose in the third quarter, building on improvements in the previous two quarters. The balance of sentiment about major purchases now stands in positive territory for the first time since the third quarter of 2007.

The balance of sentiment about major purchases dipped slightly into negative territory in October.

A negative balance of opinion means more survey respondents said that it was a bad time to buy a big-ticket item, such as a home or car, than said it was a good time to do so. This indicator is an important factor underlying the housing market.

Sentiment about job growth prospects continued improving in the third quarter of 2009, building on increases in the previous two quarters. The balance of sentiment about job growth prospects remains just shy of positive, but is up from levels recorded in the second quarter of 2008.

After turning positive in the second quarter, the balance of sentiment about the outlook for household budgets continued improving in the third quarter of 2009.

Prairie region
Consumer sentiment in the Prairie region improved for the second consecutive quarter in the third quarter of 2009, returning to pre-recession levels.

Consumer confidence was also up slightly in October 2009.

Sentiment about making major purchases, such as a home or a car, improved for the third consecutive quarter. The balance of sentiment about making major purchases entered positive territory for the first time since the first quarter of 2008.

The balance of sentiment about major purchases remained positive in October 2009, despite having softened compared to September. This is the third consecutive month in which the balance remained positive.

A positive balance of sentiment means more survey respondents said it was a good time to buy a big-ticket item, such as a home or car, than said it was a bad time to do so. This indicator is an important factor underlying the housing market.

Sentiment about the prospects for job growth continued to improve, building on the significant increase in the previous quarter. The balance of opinion about job growth has been positive for two consecutive quarters.

The balance of sentiment regarding the outlook for household budgets also improved in the third quarter, and is now on par with levels from the first quarter of 2008.

Ontario
Consumer confidence in Ontario climbed for the third consecutive quarter in the third quarter of 2009, according to the Conference Board of Canada’s index of consumer confidence.

Consumer confidence continued its steady ascent in October 2009, building on increases since the beginning of the year. Consumer confidence now stands at the highest level since the first quarter of 2008.

Sentiment about making major purchases, such as a home or a car, improved for the third consecutive quarter. The balance of opinion about making major purchases was positive for the first time since the fourth quarter of 2007, and stood just below levels from that quarter.

The upward momentum in the balance of opinion regarding major purchases continued into October. The balance of sentiment remained in positive territory for the third consecutive month, and reached the highest level since the fourth quarter of 2007.

A positive balance of opinion means more households said it was a good time to buy a big-ticket item, such as a home or car, than said it was a bad time to do so. This is an important factor underlying the housing market.

Sentiment about job growth prospects in Ontario has improved significantly, returning to pre-recession levels. The balance of sentiment was just shy of positive in the third quarter, and was equal to levels from the third quarter of 2007.

The balance of sentiment about the outlook for household budgets remained positive in the third quarter of 2009, after rebounding sharply in the previous quarter.

Quebec
Consumer sentiment in Quebec continued to improve in the third quarter of 2009, with the Conference Board of Canada’s index of consumer confidence back on par with pre-recession levels.

Consumer confidence levels edged lower in October 2009 from the peak in September, back on par with where it stood in August.

The balance of sentiment about making major purchases, such as a home or a car, improved significantly in the third quarter after having returned to positive territory for the first time in more than a year in the second quarter. A positive balance of opinion means more households said it was a good time to buy a big-ticket item, such as a home or car, than said it was a bad time to do so. This indicator is an important factor underlying the housing market.

The balance of sentiment about major purchases was down significantly in October, but remained positive.

The balance of opinion about job growth prospects improved significantly in the third quarter of 2009, coming to rest just shy of positive territory. This was the best result since the first quarter of 2008.

Sentiment about the outlook for household budgets over the next six months also improved in the third quarter, becoming more upbeat than in any other quarter since the fourth quarter of 2007.

Atlantic region
Consumer sentiment rebounded above pre-recession levels in the third quarter of 2009. Consumer confidence rose for the third consecutive quarter, according to the Conference Board of Canada’s index of consumer confidence for the region.

Consumer confidence levels held steady in October compared to the previous month, remaining above where they stood in the second quarter of 2008.

Sentiment about making major purchases, such as a home or a car, continued to improve in the third quarter. The balance of sentiment entered positive territory for the first time since the first quarter of 2008, building on increases from the previous two quarters.

The balance of opinion regarding major purchases as of October 2009 was down slightly from September, but remained positive for the second consecutive month.

A positive balance of sentiment means more survey respondents said it was a good time to buy a big-ticket item, such as a home or car, than said it was a bad time to do so. This indicator is an important factor underlying the housing market.

After improving for the third consecutive quarter, sentiment about job growth prospects was just shy of entering positive territory in the third quarter of 2009.

By contrast, sentiment about the outlook for household budgets over the next six months was down in the third quarter compared to the previous quarter, but remained in positive territory for the third consecutive quarter.

(CREA 10/10/09)

Monday, September 21, 2009

"Rules" for life

I received this email today, and I thought it was very interesting. Some good "rules" in it. So read it, and take from it what you will!




ONE. Give people more than they expect and do it cheerfully.



TWO. Marry a man/woman you love to talk to. As you get older, their conversational skills will be as important as any other.



THREE. Don't believe all you hear, spend all you have or sleep all you want.



FOUR.. When you say, 'I love you,' mean it.



FIVE. When you say, 'I'm sorry,' look the person in the eye.



SIX. Be engaged at least six months before you get married.



SEVEN. Believe in love at first sight.



EIGHT. Never laugh at anyone's dreams. People who don't have dreams don't have much.



NINE. Love deeply and passionately. You might get hurt but it's the only way to live life completely.



TEN.. In disagreements, fight fairly. No name calling.



ELEVEN. Don't judge people by their relatives.



TWELVE. Talk slowly but think quickly.



THIRTEEN! ... When someone asks you a question you don't want to answer, smile and ask, 'Why do you want to know?'



FOURTEEN. Remember that great love and great achievements involve great risk.



FIFTEEN. Say 'bless you' when you hear someone sneeze.



SIXTEEN. When you lose, don't lose the lesson.



SEVENTEEN. Remember the three R's: Respect for self; Respect for others; and Responsibility for all your actions.



EIGHTEEN. Don't let a little dispute injure a great friendship.



NINETEEN. When you realize you've made a mistake, take immediate steps to correct it.



TWENTY. Smile when picking up the phone. The caller will hear it in your voice



TWENTY- ONE.. Spend some time alone.

Thursday, August 20, 2009

Did you know?

Here's some interesting facts about real estate, RE/MAX and other stuff. Trust me its an interesting video.
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Wednesday, August 12, 2009

Social Networking for Realtors

I was just reading an article in the Real Estate Professionals magazine. It was about social networking and the rules for Realtors. The top 3 social networking sites they mentioned are Facebook, Twitter and LinkedIn.
There are 3 rules that we (as Realtors) are supposed to follow:
1. LinkedIn - this is ALL BUSINESS. Therefore, when posting, my posts must be all business.

2. Facebook - this site is a mix of business and pleasure. So I can be a little goofy here.

3. Twitter - this site is "pure pleasure". So I can be really goofy on this site with my tweets.

There you have it. Now you know if reading my tweets, wall posts or LinkedIn posts you know the rules!

Oh by the way, I'm never too busy for any of your real estate referrals!

Friday, August 7, 2009

Monday, July 27, 2009

Time to Buy!

The weather is heating up, so is Real Estate! Now is the time to buy property. We are definately seeing more "walk ins" in our office. With the hot weather so comes people thinking about buying recreational property. Even some people want to move here to get away from the "big city". So with interest rates so low, now is the time to buy real estate, where ever you are.
Remember, I can refer you to a Realtor anywhere! If you want to buy in Princeton, come see me! If you want to buy elsewhere talk to me too, because I have a great referral program!
Talk to you soon!

Saturday, July 25, 2009

My Honda's Home

I got my Accord back yesterday. She had to go into the body shop for some painting. I gots lots of "rock" chips this past winter. Of course, Argo Road Maintenance (highway contractor for our area) doesn't use rocks or gravel when maintaining our roads in the winter time. No, they use "winter abraisive". Well, the winter abraisive sure is tough on the paint of my car! I couldn't believe the number of chips in the paint. I almost had to get the entire car repainted! Now it looks so much better. There's still a few little spots left where I didn't spend money on getting repainted, so I'll have to use my touch up paint.

I definately plan on NOT driving my car this winter. I'll use our beloved 1991 Chev Cavalier this winter or use Randy's truck as needed. Or as I like to say I'll use the humble car!

Monday, May 25, 2009

What a great weekend!

What a kick off to riding season! Well riding season had already begun, but it was our first overnight away during the riding season.

Osoyoos was a great weekend. Randy & I met up with the Norwestars at the Sahara Courtyard Inn. We got to see some friends that we haven't seen for a while. So it was great to visit and laugh again!

Randy and I also toured a couple of winery's this weekend. We went to our favorite first, Tinhorn Creek in Oliver. The view from their winery is awesome!

Then we rode around a bit and found another nice winery, Burrowing Owl Winery. This winery also has a nice restaurant and guest house. The setting is just beautiful, I'd recommend a visit when in Oliver.

Friday, May 22, 2009

Looking forward to the weekend!

Today is going to be a short work day! I'm headed to Osoyoos this weekend to join the Norwestars gathering. It will be great to visit with some people that I haven't seen for a while!
Some people are coming thru Princeton today, so I hope to meet up and have lunch.

I'm so excited about this weekend, it's going to be nice weather, so nice to be riding in the warm weather!

Oh, I also did my first "double ender" sale this week. Yay me! I sold a really cute cabin in Coalmont to a first time buyer. It was really enjoyable working with her, she's so excited. It was a great sale!

Monday, March 16, 2009

RE/MAX International Convention

What a great time! Dave Liniger (Co-Chairman and founder of RE/MAX) spoke at our opening general session. He's a great speaker, he tells it like it is! He encouraged everyone to become a specialist in the foreclosure market. Unfortunately in the States this is happening to far too many people. We in Canada are doing ok, not like the States. But I've encouraged everyone in my office to attend our upcoming educational seminar on Foreclosures. This way our office is trained and ready should the need arise.
I learned a lot at this convention, RE/MAX provides the best training in the industry, I'm really fortunate to be a part of the RE/MAX family.

Wednesday, February 18, 2009

Old You Tube never dies!

Just for fun I thought I would put up a link to some old you tube videos I did when I worked at CENTURY 21 and for Dean Stinson. They are still good, I just have to change names and company!

Tuesday, February 17, 2009

RE/MAX Convention

I won an award! I still can't believe it! I won an Executive Club award at our RE/MAX convention, this is for production in transactions last year. Not bad for only 7 months work eh?

The convention was great, I enjoyed Victoria. It was nice and warm compared to Princeton at this time of year! I met some great realtors and learned lots of stuff. It was a valuable weekend to me. I plan on attended the next convention as well in Edmonton next February.

Here's a picture of me receiving my award from Elton Ash, the Regional Vice President for RE/MAX of Western Canada.
From Blogger Pictures

Sunday, January 18, 2009

I was totally surprised

We had an office award's party at my house last night. 2 of my realtors won awards from RE/MAX last year and I got to present them with their trophies. Both Dean Stinson and Jim Junkin won the 100% club award, which means earning over $100,000 in commission last year. Way to go guys! I'm so proud of them. I also won my first award in Real Estate, Executive club, meaning over $50,000 in gross commission last year.

To my surprise, my Realtor's and staff had an award made just for me! They presented me with a trophy. I didn't expect this. Click here to see the trophy!

Monday, January 5, 2009

Found a new "favorite" show

My daughter, Candace, was home for winter break from UBC for the past 3 weeks. She now has us hooked on a new TV show, The Big Bang Theory . It's about some science geeks, and it's very funny. I haven't laughed so much since the dead parrot skit on Monty Phython's Flying Circus. Check it out!

Sunday, January 4, 2009

Winter is evil to me!

A few years ago, I slipped on the ice in the winter time and broke my wrist. Well, it's happened again!
I was snow shovelling on Thursday Jan 1. I slipped on some ice and the shovel hit me in the ribs. I was thinking when this happened I was glad to have the shovel because I didn't fall on my butt this time!

Well by Friday night I was in a lot of pain, and had a hard time sleeping. So Saturday morning, Randy (hubby) took me to the hospital and I saw the doctor. He's decided that I have a fractured rib (98% sure) or it could be a really bad bruise. Doesn 't really matter as the treatment is the same, rest and pain meds. So I get to look forward to 4 - 6 weeks of pain. YAY, I love winter, not!

Thursday, January 1, 2009

I've finally figured it out, maybe

So it's January 1, 2009. I think I've figured out the great toilet paper debate!

It's also the slow time of year for real estate, so perhaps, I have too much time on my hands too!

Now for that answer to the burning question of all time, over or under for the toilet paper roll!
If you are left handed, the toilet paper dispenses better when the roll is placed with the paper coming out from under! If you are right handed it works better the "over" method.

What do you think???