| k3uje | Date: Saturday, 2013-08-24, 7:35 PM | Message # 1 |
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| Royal LePage forecasts slower pace of housing sales
TORONTO The latest Royal LePage report on Canadian realestate shows average housing prices were up between two and four per cent in the fourth quarter of 2012 compared with time last year.
for the other hand, The same survey shows average prices for the three main categories of housing were down from the third quarter of 2012 a period that included new mortgage rules that have discouraged many firsttime buyers.
The quarterly market <a href=http://www.airumbrella.com/bottes.html>bottes ugg</a> update by the Torontobased real estate marketing firm forecasts a brief, Mild dip in sales volume in the first half of this year but not a major recession.
It says average prices for Canadian residential realestate will rise a further one per cent by the <a href=http://www.fantasyhockeyjournal.com/stiefel.html>ugg boots billig</a> end <a href=http://fsfrancesimulateur2.fr/australia.html>ugg australia</a> of 2013, As some owners opt to delay selling their home until conditions improve.
"Our sturdy domestic economy and promoting employment trends have emboldened sellers, And some have opted to let market criteria adjust before listing, discussed Phil Soper, Royal LePage's president and chief executive.
"the bottomline is, Fewer home owners listed their properties in the second half of the year, Which kept variety levels lower, <a href=http://gh05t.com/deutschland.html>ugg outlet</a> And held home values,
The Torontobased realestate marketing firm notes that there are a number of conditions in cities across Canada.
It says slower sales and a flattening of home prices in Vancouver and Toronto Canada's two largest and mostexpensive realestate markets will have a serious impact and drag down the national averages this year.
It says some marketplace, especially in Alberta and Saskatchewan where the resourceoriented economies have been vibrant, Are poised for huge growth in 2013.
The Royal LePage quarterly House Price Survey looks at three families of housing detached bungalows, Standard twostorey and standard condo properties in 16 local markets and calculates national averages.
most up-to-date survey, in sales between October and December, indicated that national average price for detached bungalows was $356,790 themsleves 3.6 per cent from a year earlier but down from the thirdquarter average of $377.773.
A similar pattern of yearoveryear increases but quartertoquarter declines were evident in the other national average sorts.
Many observers have <a href=http://lebouchongourmand.fr/france.html>lebouchongourmand.fr/france.html</a> noted that tighter mortgage rules brought in last July have made it trickier for firsttime buyers to borrow money, Since <a href=http://www.homeopatiktedavi.com/schuhe.html>www.homeopatiktedavi.com/schuhe.html</a> they must receive a 25year payback period. consequently down from 30 years.
the nation's average price for twostorey houses was $390,444 within the fourth quarter, Up four % from a year earlier but down from $403,747 within third quarter.
the nation's average price for condos was $239,374, Up two per cent from a year earlier but down from $243,607 around the third quarter.
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