Homebuying Confidence Remains But Intentions Are Dissipating in Alberta
0 views
Skip to first unread message
J. Samson
Mar 31, 2013, 7:00:04 PM3/31/13
to publish-the...@googlegroups.com
*****************************************************************
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
J. Samson
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1828479
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1828479
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Homebuying Confidence Remains But Intentions Are Dissipating in Alberta
Author: J. Samson
Word Count: 505
Article URL: http://www.isnare.com/?aid=1828479&ca=Home+Management
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1828479
Easy Publish Tool: http://www.isnare.com/html.php?aid=1828479
*********************** ARTICLE START ***********************
Most people of Alberta regard purchasing a house a financially-sound investment decision. A recent Annual RBC Homeownership Survey suggests that 89 per cent of the Albertans consider buying a home is a good investment, which is supersedes the national average of 84 per cent.
But the percentage of people with the intention of buying a house in Alberta has dropped somewhat from 31 to 22 percent within the last year.
According to RBC�s vice-president and Mortgage Specialists Don Peard, this is an expected result from the study. As the changes in regulations governing mortgage rules and the economic situation has compelled a lot of Albertans to re-evaluate their decision to take an interest in buying a home.
The optimistic news is that people who have already invested have faith on the value of their investments and their ability to manage their mortgage obligations.
The poll also revealed some interesting statistics where it was found that 71 per cent of Albertans regard their community housing market as overpriced as opposed to a national average of 73 per cent. Nearly half of the Albertan population (49%) regards the housing market as balanced, which is more than the Canadian average of 40%/.
As per the statistics revealed by the Calgary Real Estate Board, so far this year, until March 25, the number of MLS sales in the city has increased by 3.45% up to 4,677 sales. Along with that, the median sale price has increased by 5.88% to $396,000 and the average sale price has also risen by 9.12%to $453,710.
Some other information was also revealed by the poll which is vital for the housing industry of Alberta. 48% anticipate the mortgage rates to go up next year and 45 per cent expect it to remain constant and only a minority of 7 per cent thinks that it will dip next year. As per as housing prices are concerned, 50 percent expect it to rise next year, while 32% expect it to remain the same and only 18 percent foresee lower housing prices. 74% people also think that regulatory changes introduced by the government will change the timing of people entering the housing market.
Across the nation, 40% Canadians who are planning to buy a house within the coming years will be first-time home buyers. Most people are just sitting back and watching from the outside for the market to settle down, and 15% are likely to take the plunge within the next 2 years. This is a 12 percentage-point dip from the high of 27% last year and reflects the overall gloomy market scenario.
For more information on which way is real estate heading in Calgary. Please contact the author and he�ll be happy to answer any questions that you may have regarding the condominium market or luxury market in Calgary. Homes are still very price sensitive in Calgary, so having access to the right information is the key to your real estate success in today's market. Regardless if you're looking for an investment property or a high end luxury real estate, we can help!
About The Author: For information about the Calgary real estate market, visit http://www.joesamson.com an excellent resource for Homes for sale in Calgary at http://www.joesamson.com/idx/ .
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1828479
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
J. Samson
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1828479
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1828479
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Homebuying Confidence Remains But Intentions Are Dissipating in Alberta
Author: J. Samson
Word Count: 505
Article URL: http://www.isnare.com/?aid=1828479&ca=Home+Management
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1828479
Easy Publish Tool: http://www.isnare.com/html.php?aid=1828479
*********************** ARTICLE START ***********************
Most people of Alberta regard purchasing a house a financially-sound investment decision. A recent Annual RBC Homeownership Survey suggests that 89 per cent of the Albertans consider buying a home is a good investment, which is supersedes the national average of 84 per cent.
But the percentage of people with the intention of buying a house in Alberta has dropped somewhat from 31 to 22 percent within the last year.
According to RBC�s vice-president and Mortgage Specialists Don Peard, this is an expected result from the study. As the changes in regulations governing mortgage rules and the economic situation has compelled a lot of Albertans to re-evaluate their decision to take an interest in buying a home.
The optimistic news is that people who have already invested have faith on the value of their investments and their ability to manage their mortgage obligations.
The poll also revealed some interesting statistics where it was found that 71 per cent of Albertans regard their community housing market as overpriced as opposed to a national average of 73 per cent. Nearly half of the Albertan population (49%) regards the housing market as balanced, which is more than the Canadian average of 40%/.
As per the statistics revealed by the Calgary Real Estate Board, so far this year, until March 25, the number of MLS sales in the city has increased by 3.45% up to 4,677 sales. Along with that, the median sale price has increased by 5.88% to $396,000 and the average sale price has also risen by 9.12%to $453,710.
Some other information was also revealed by the poll which is vital for the housing industry of Alberta. 48% anticipate the mortgage rates to go up next year and 45 per cent expect it to remain constant and only a minority of 7 per cent thinks that it will dip next year. As per as housing prices are concerned, 50 percent expect it to rise next year, while 32% expect it to remain the same and only 18 percent foresee lower housing prices. 74% people also think that regulatory changes introduced by the government will change the timing of people entering the housing market.
Across the nation, 40% Canadians who are planning to buy a house within the coming years will be first-time home buyers. Most people are just sitting back and watching from the outside for the market to settle down, and 15% are likely to take the plunge within the next 2 years. This is a 12 percentage-point dip from the high of 27% last year and reflects the overall gloomy market scenario.
For more information on which way is real estate heading in Calgary. Please contact the author and he�ll be happy to answer any questions that you may have regarding the condominium market or luxury market in Calgary. Homes are still very price sensitive in Calgary, so having access to the right information is the key to your real estate success in today's market. Regardless if you're looking for an investment property or a high end luxury real estate, we can help!
About The Author: For information about the Calgary real estate market, visit http://www.joesamson.com an excellent resource for Homes for sale in Calgary at http://www.joesamson.com/idx/ .
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1828479
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Reply all
Reply to author
Forward
0 new messages