Statistics Archives

The Canadian Leading indicators were released on August 19th. The following information is supplied by Stats Canada and reproduced here in its entirety, and is a breakdown and more in-depth analysis of the Leading indicators report. It’s interesting reading as it shows the breakdown of each sector and clearly you can see that housing is slowing, confirming other evidence of a weaker close to the year than the beginning. Although the Barrie real estate market may not be representative of the Canadian Real Estate market as a whole it’s likely a similar trend.

Barrie Real Estate – Economic effects!

So here we go again? The question mark was deliberate as to be honest, I’m actually not sure this time around. Two years ago we were warning our readers that the Canadian housing market, and yes Barrie as well, would suffer over the coming year or two and it was likely that there would be some form of slow down or sell off in house prices. So here we are, August 19th and we are looking at worse than forseen wholesale trade and leading indicators. Barrie Real Estate - Economic effects!

So what you might ask, and exactly what does that have to do with the Barrie real estate market? First off you need to Read the rest of this entry

Home sales down in July

Residential property sales recorded through the MLS® System of the Barrie District Association of REALTORS® Inc. were down considerably in July 2010. A slowdown in demand in Ontario had been widely expected in July, with many purchases having been brought forward into the first half of the year in advance of the introduction of the HST.

There was a really interesting article posted in the Globe and Mail this morning. (Thank you Katherine for bringing it to my attention). It concerns the levels of debt that Canadians are taking on and looks at various cities around Canada to try and figure out the net growth of wealth in certain cities. The full article is contained within this link: http://www.theglobeandmail.com/globe-investor/personal-finance/want-to-boost-your-net-worth-live-in-a-mid-sized-city/article1640442/?service=email

Of course in my usual way I just felt compelled to reply to the post. Debt can be a widely misunderstood  term and I thought I would share here my post on the globe and Mails website.  Hopefully this is thought provoking and no too antagonistic. Read the rest of this entry

Press release from the president of the Barrie Association of Realtors.

Sales activity cools in June

Residential property sales recorded through the MLS® System of the Barrie District Association of REALTORS® Inc. came in well below last year’s record levels in June. Home sales numbered 461 units in June 2010, down 19 per cent from the record in the same month in last year. On a year-to-date basis, however, activity was still up 12 per cent compared to the first six months of 2009. New listings rose five per cent from a year earlier to 767 units in June. While still up, the Read the rest of this entry

Hi all,

Caroline and I just came back from a fairly intensive 3 day real estate marketing course centred around branding and we were curious. One of the subjects covered was why people buy from you? On Real estate translated to , “Why do people choose the Hocking Homes brand” to help them buy or sell a home?
Read the rest of this entry

The following article was written by the president of the Barrie Real Estate association. It is reprinted here in its entirety as it’s a concise and up to date look at a changing market.

Home sales down in May

Residential property sales recorded through the MLS® System of the Barrie District Association of REALTORS® Inc. were down from year-ago levels for the first time in a year in May 2010.
The average price for homes sold via the Association’s MLS® System in the first five months of the year was $278,708. This is up eight per cent from the year-to-date average price last May, and represents the highest average price for this period on record.
Read the rest of this entry

All cheer….YEEAAAHHH, the recession is over, the wicked witch of the manufacturing layoffs is dead and we can all go on spending again….Or can we? In this post we examine some of the recent trends in the Barrie real estate market and try to identify what’s really happening, or more importantly what’s around the corner.

A quick revisit into recent history; In August 2008 the Barrie real estate market peaked after a reasonably healthy start to the year. The average price of homes in the area was approx $259,000. The storm clouds were hovering south of the border as USA sub prime lending spiralled out of control and eventually imploded, taking with it several large US investment banks. The world held its breath and in Barrie,
Read the rest of this entry

By popular demand we will be hosting a lease to own evening  on Wednesday 28th April 2010. The owners of an ethical lease to own company will be coming to Barrie to talk to investors about the pros / cons of lease to own investing. Read the rest of this entry

Just hot off the press, the Federal Reserve Bank of New York this afternoon surprised everyone by raising the discount rate from 0.50% to 0.75%. This is a 25bp hike and represents what could be the beginning of a new shift in policy. The Discount rate is the emergency lending rate that the Fed will lend to banks. Read the rest of this entry

 Page 3 of 4 « 1  2  3  4 »