YOUR CANADIAN MORTGAGE BROKER

August 25, 2010

Taking longer to sell home in Calgary: Website

CALGARY - It's taking Calgarians longer now to sell their homes on the MLS market.

According to preliminary unofficial data on the website of realtor Mike Fotiou, of First Place Realty, so far this month up until Sunday the average days on the market for a single-family home to sell was 52 while it was 53 days for condominiums.

In August last year for the entire month, single-family homes were on the market for an average of 42 days prior to a sale while condos were averaging 47 days.

Last month, the days on the market were 45 for single-family homes and 51 for condos.

So far this month, the single-family home sale price on 401 transactions was $458,699. July had 915 sales for an average of $464,655 and August 2009 had 1,277 for an average of $454,130 for the entire months.

Month-to-date, condos are averaging $290,081 on 155 sales. For the entire month, July had 396 transactions for an average of $291,168 and August 2009 had 632 sales for an average of $283,330.

mtoneguzzi@theherald.canwest.com

Click HERE for the complete article.

BREAKING NEWS

Page 1 of 11  > >>

September 1, 2010
Not that there are a lot of people buying houses these days, but the answer to the age-old question of whether to go long or short on your mortgage is unclear yet again.
August 25, 2010

CALGARY - It's taking Calgarians longer now to sell their homes on the MLS market.

According to preliminary unofficial data on the website of realtor Mike Fotiou, of First Place Realty, so far this month up until Sunday the average days on the market for a single-family home to sell was 52 while it was 53 days for condominiums.

August 17, 2010
Five of Canada's major banks reduced many of their posted mortgage rates by one-tenth of a percentage point, effective today.
August 11, 2010
When investing in real estate, sometimes it’s necessary to look beyond your own backyard. The Real Estate Investment Network (REIN), a national organization of investors, has compiled what it says are the top 10 Canadian cities in which to invest.

www.mymortgage.ca

PHONE: 1.866.509.1090
FAX: 1.866.392.3672

Head Office
Unit 207, 4603 Varsity Drive NW

Calgary, AB. T3A 2V7

Today's BEST Rate:
2.05%

Canadian
Mortgage Rates

Term Rate (%)
as of Sep 3, 2010

Apply
TODAY!

Get the BEST possible RATE!

FREE Newsletter & Mortgage Rate Update

First Name:

Email Address:


Enter Security Code:





You can unsubscribe anytime.