July 2008 - Posts
At first glance it looks like the average price has taken quite a tumble in July. It's down $19,000 from June. If you look a little deeper, it's simply because sales of high-end homes were down in July. 26 homes have sold in July for $1 million
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It's been repeated a number of times that statistics for the entire city do not paint an accurate picture for individual communities. This table shows that sales in Evergreen, Bridlewood and Somerset are up 8% compared to last year. It also shows
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July sales are continuing the upward trend that started in June. Single family home sales volume, after being down 34% for the first five months of 2008, showed an 18% drop in June, and July sales are down 12% compared to 2007. At this rate, we might
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Effective Oct. 15, CMHC will guarantee loans only up to 35 years and require a 5% down payment. Will this motivate any buyers to get a house before the Oct 15 deadline? Here's the story from the Globe & Mail: The federal government, fearful of
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