Derek Layman

Market Moves !

2009-03-12T02:28:00Z

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

! Average sale price between $187,500 and 198,500 for 2009

! Average sale price between $192,500 and $202,500 for 2010

! Vacancy rates expected at .5 to 1.5 range in 2009

! Vacancy rates expected to be 1.0 per cent to 2.0 per cent in 2010

! Two-bedroom rental rates running between $675 and $725 in

2009

! Two-bedroom rental rates running between $710 and $750 in

2010

! Condo sales and starts fluctuate, and amount to about 3.2 per

cent of MLS sales

! Prospective buyers prefer mid-priced neighbourhood condos

Hebron-Vale Inco...

2009-03-10T01:32:00Z

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 skilled labour market as displaced workers seek local employment opportunities.

Source...Real Estate market Overview,Kirland -Balsom & Assoc.

Getting back to "NormaL"-NL Real Estate Markets

2009-03-05T19:00:00Z

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.....

Thought for the Day !

2008-04-21T00:18:00Z

Adversity introduces a man to himself.
Anonymous