Sunday, June 26, 2011

A new neighbour at our son's BC home

[wpvideo C8uAllKF]

This video was taken from the porch of his home on Whonnock Lake.

A New neighbour at our son's BC home.

[wpvideo qTBZtVmE]

Sent from my iPad

Friday, June 24, 2011

Our beautiful back yard

If only you could hear the birds signing.

Photo_1Photo_2Photo_3Photo_4

Please excuse my spelling and brevity. Sent from my iPhone

A view of our deck AAAHHH!

Photo

Please excuse my spelling and brevity. Sent from my iPhone

Thursday, June 9, 2011

Housing starts advance in May - The Globe and Mail

Housing starts advance in May

The Canadian Press
Click Here

Canada Mortgage and Housing Corp. says housing starts increased in May, largely on the strength of rural homes and urban condos.

The seasonally adjusted annual rate of housing starts was 183,600, up from 178,700 in April. The agency reported single starts declined in May.

“Housing starts increased modestly in May due to an increase in multiple construction in most provinces and in rural starts,” said Bob Dugan, chief economist at CMHC's Market Analysis Centre.

“The increase in multiples and rural starts was partly offset by a decrease in single starts.”

Urban starts increased 0.8 per cent to an annual rate of 161,000 units in May. Urban multiple starts were up four per cent to 100,000 units, while single urban starts fell 4.1 per cent to 61,000 units.

May's annual rate of urban starts increased 33.3 per cent in British Columbia, 13.5 per cent in Quebec, 11 per cent in the Atlantic region and 10 per cent in the Prairies. Urban starts fell 22.9 per cent in Ontario.

Rural starts were estimated at a seasonally adjusted annual rate of 22,600 units in May.

TD Bank economist Francis Fong said in a note that affordability is beginning to erode as home price increases have significantly outpaced income and job growth.

“With the Bank of Canada set to raise interest rates later this year affordability will weaken further, putting downward pressure on overall prices and, thus, construction activity,” Mr. Fong wrote.

“TD Economics anticipates housing starts to run below their long-run sustainable level over the next few years as multi-unit building slowly unwinds.”

CIBC World Markets economist Krishen Rangasamy said housing starts reached a peak of around 200,000 in the first quarter of last year and the numbers have been on a gradual decline ever since, even with low interest rates.

“And with a recent softening in the pace of existing home sales, the listing to sales ratio rose to a seven-month high in April. So, we may see some softness ahead for housing,” the economist said.

“We expect housing starts to continue to soften — a 10 per cent or so drop in starts compared to last year — as home prices stagnate in light of higher interest rates in the second half of the year.”

The condo market just keeps motoring along as the most desirable, affordable and fastest growing life choice for Canadian home owners.

As we say "Condo to Castle to Condo, Where Ever Life Moves - Choose Wisely - Choose The Grants

THE GRANTS 

Connie Grant
Broker, ACCI, FCCI, CRES, CMOC
RE/MAX Hall Of Fame

 Fraser Grant
Broker, CPM, FRI, CMOC, CRP, ACCI, FCCI
RE/MAX Hall Of Fame

RE/MAX Centre City Realty Inc., Brokerage
675 Adelaide St. N.,
London ON  N5Y 2L4

Phone 519.667.1800
Fax     519.667.1958
Toll Free 1.800.667.1801
Email:  sales@the-grants.com
Web Page: www.the-grants.com


Friday, June 3, 2011

May London and St. Thomas Association of REALTORS?? MLS ?? Statistic Report

Lstar_activity_chart

Over the last 3 years the London Ontario Real Estate market has been a roller coster ride with its ups and downs.  The good news it that on average the market has gained and done better than most RRSP's.  As REMAX says "YOU CAN'T LIVE IN AN RRSP".  

Condo to Castle to Condo - Wherever LIfe Moves You - Choose Wisely - Choose The Grants

THE GRANTS  
Connie Grant
Broker, ACCI, FCCI, CRES, CMOC
RE/MAX Hall Of Fame 

 
Fraser Grant
Broker, CPM, FRI, CMOC, CRP, ACCI, FCCI
RE/MAX Hall Of Fame 

RE/MAX Centre City Realty Inc., Brokerage
675 Adelaide St. N.,
London ON  N5Y 2L4

Phone 519.667.1800
Fax     519.667.1958
Toll Free 1.800.667.1801
Email:  sales@the-grants.com 
Web Page: www.the-grants.com

Connieqrcode