This Month in Real Estate for Canada - Feb. 2010

Released: February 5, 2010 Commentary 2 The Numbers That Drive Real Estate 3 Recent Key Events 9 Topics for Home Buyers, Sellers, and Owners 13

Commentary ,[object Object],[object Object]

The Numbers That Drive Real Estate Home Sales 4 Home Price 5 Inventory 7 Mortgage Rates 8

Home Sales In Thousands ,[object Object],Data released on January 15, 2010 Sources: Conference Board, The Canadian Real Estate Association, Royal Bank of Canada Up 72% from a year ago

Average Home Price In Thousands ,[object Object],Data released on January 15, 2010 Sources: Conference Board, The Canadian Real Estate Association, Royal Bank of Canada Up 19% from a year ago

Home Prices by Province and Territory 10 out of 12 experienced an increase in home price Average home price as of December every year (Data released on January 15, 2010) Sources: Conference Board, The Canadian Real Estate Association, Royal Bank of Canada National Average: $337,000 NT $272K YT $231K BC $496K AB $351K SK $240K MB $202K ON $331K QC $236K NL $231K NS $200K NB $149K PE $131K Prices Increased Prices Decreased Home Price Direction (Year-Over-Year Change)

Inventory – Sales-to-Listings Ratio ,[object Object],Number of homes available for sale Sales-to-listings ratio is an indicator of price pressure in the home market. (Data released on January 15, 2009) Sources: Conference Board, Canadian Mortgage and Housing Corporation, The Canadian Real Estate Association Buyer’s Market Balanced Market Seller’s Market

Mortgage Rates Average for: 25-Year Amortization, 5-Year Term ,[object Object],Source: Bank of Canada

Recent Key Events World Economic Forum 10 “ Good and Boring” 11 Jobless Benefits 12

World Economic Forum ,[object Object],[object Object],[object Object],[object Object],Source: The Financial Post

“ Good and Boring” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: The New York Times

Jobless Benefits ,[object Object],[object Object],[object Object],[object Object],Source: The Financial Post

Topics for Home Buyers, Sellers, and Owners Bidding War Tips 14

Bidding War Tips for Buyers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: HGTV.ca

Your Local Market Although it is important to stay informed about what is going on in the national economy and housing market, many different factors impact the real estate market in your area. Talk to your Keller Williams agent for assistance interpreting the conditions in your local market . Keller Williams associates are equipped with all the knowledge and information to help navigate you through the process of buying or selling a home in this challenging market.

About Keller Williams Realty ,[object Object],[object Object],[object Object],www.kw.com

This Month in Real Estate for Canada - Feb. 2010

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This Month in Real Estate for Canada - Feb. 2010