Recent Blog Posts by CENTURY 21 Countryside Realty Ltd.

The Future continued

On April 4th, 2011 I posted about the Futures Project that CREA had launched and how interesting it was.  Well, over a year has passed and it continues to be interesting. The leaders of Organized Real Estate (ORE) gathered again in Ottawa this spring to get the update on all the various "Futures" meetings that had been held across the country and to see where CREA felt this was all ...

Happy New Year! 2011 a great year for Metro

Happy New Year everyone.  I hope your Christmas break allowed you a chance for a bit of rest and relaxation and visits with family and friends. We just received our year end report from the GMRGM Board and they are really solid.  Our sales volume was up 8% for the year, the number of units were up 3% and the average sale price is now $172,612, a 3.7 % increase which is very good for this ...

November Sales in Metro down a bit

Our fall slow down has finally started in Metro Moncton, but it is still pretty good.  MLS report from the GMRGM show that the average sale price is up 3.8% to $173,079.  This is good news for anyone selling their home.  Our sales dollar volume for the month of November was down 5% over November of last year and the actual number of sales were down 10% but year to date our volume is ...

Market stays strong

October continued to show strength as we move through our fall market.  Although there are a few signs of activity slowing down a bit, October was still a very good month at the Moncton Board.  Dollar volume YTD was up 7%, the dollar volume for October 2011 vs Oct 2010 was up 5% and the total number of units sold was up 3% for the month and the YTD. Our average sale price is up ...

Atlantic Nations come to town.

This past weekend, July 8th to 10th, over 2000 beautifully buffed, polished and pampered vehicles came once to Moncton once again.  My wife and I try to take an extended lunch hour on Friday to take advantage of all the cars being displayed on Main St.  They shut down a portion of Main St. all day Friday and park the cars all along road and people just mill about.  It's great ...

May was a really great month at the Moncton Board

Many people, some REALTORS (r) included, are beginning to think that we are no longer important in the real estate transaction.  Well, if May 2011 is any indication, people are still relying on their REALTOR to handle the buying and/or selling of their biggest single asset. Our local Board had an unbelieveable May 2011.  The total volume sold in May was $50,797, 409 - this ...

Vermiculite and Asbestoes

I have seen a number of purchasers get scared off of buying a home because of vermiculite insulation in the attic or, because the house had asbestos siding.  Some inspectors are even flagging VA or vinyl asbestos floor tiles as being as issue.  Good news folks, like UFFI and aluminum wiring, its a case of a little concern being blown all out of proportion. I spent some time "surfing ...

Market improves with the weather

We have received the Moncton Board stats and, as expected, they are a big improvement over March.  Number of sales for the month is up 11% over April 2010, the dollar volume is up 17%, which has put our year-to-date numbers into the positivies (finally) at 1%.  Average saleprice is now $169,754, up 0.5% over the same time in 2010. Weather plays such a big role in our market for the first ...

The Future of Organized Real Estate - where will we be in 10 years?

Over 400 REALTORS ® met over the weekend at the Canadian Real Estate Association’s (CREA) AGM in Ottawa.  The majority were members of the various local and Provincial Real Estate Boards and Associations from across the country.  As 1st VP of NBREA, I attended along with the President. The first day was tied up with the usual business meetings of an AGM but day 2 was very different ...

So you like the snow??!!

Here are a few shots around I took around the City over the past few weeks where you can get a feeling of the snow and the fact that it can be pretty as well.  I hope you enjoy these: This is a shot of my backyard from my dining room window. There was fog on the river one Saturday morning when I took these next photos. Occasionally we will get fog on the river when the tide comes in.  ...

A very special guest

We had a visit from a very special guest at our sales meetin gon Tuesday morning.  Noah, who is 10, is the Provincial Ambassitor for Easter Seals.  He came to speak to us to tell about the "Kids to Camp" program.  He brought with him a couple of his friends, Helene Caplice who is Resource Development Coordinator for Easter Seals and Chad, who is the Camp Director. The Kids to Camp ...

New Mortgage Guidelines

Our in-house mortgage broker just handled me the new mortgage guidelines as announced by Finance Minister  Jim Flaherty.  Three main changes are: maximum loan to value on a refinance is now 85%, down from 90% maximum amortization rate is now 30 years, down from 35 years Home Equity Line of Credit are no longer an eligible insured product and will not be offered So ...

Heritage Property For Sale

This is the YWCA property located in downtown Moncton.  Built as a single family home in 1905, by the Peters family, it was purchased in 1920 by the YWCA.  Mr. Peters owned a lock company and this place is full of custom made door knobs, hinges, and striker plates.  The workmanship in the building is amazing. This is a shot of the foyer and stairway to the second floor.  The ...

Should you get a survey on your property when you buy?

The short answer is absolutely!  Having a survey done tells you if the property you're buying has anything of the neighbours encroaching on your property or if anything that you're buying is encroaching onto a neighbour or an easment or right-of-way.  Remember, just because you can see survey markers at the corners and everything looks fine, it doesn't mean it is.  Underground cables ...

Volunteering - why do I do it?

Last night I had 3 hours, plus a bit more, to kill while waiting in the Pierre Elliott Trudeau airport in Montreal for my flight back to Moncton.  I had gotten up at 4am the day before to fly to Ottawa for real estate meetings and here it was, after 9 pm the next day - and I volunteered to do this to myself.  Duh! I have done a lot of volunteering over the past 25 years.  I was a Cub ...

Moncton's market and the Provinces' Taxes

The Greater Moncton Real Estate Board continues to have a good year regardless of the melt down's going on in the larger centers.  We are still up 4% on total number of sale at the end of July, out dollar volume is up 6% and our average sale price is up 4.4%.  Nice steady growth - like we always seem to have. The New Brunswick Real Estate Association (NBREA) has come out with a discussion ...

Atlantic Nationals returns to Moncton

Vintage cars and hot rods take to the streets for the next few days as the Atlantic National car show returns to Moncton again.  Nearly 2000 vehicles participate and they are something to see.  If you're a car lover or, like me, just think they are really cool, you need to be in the City this weekend.  Here is a shot I took at last years event: A portion of Main street ...

MoneySense magazine chooses Moncton

In the last MoneySense magazine, Moncton was chosen, along with Regina, as having the best real estate deals in the country.  See the full article at http://ca.finance.yahoo.com/personal-finance/article/moneysense/1662/best-deals-in-real-estate Just another great reason to live in the area!

Dragon Boat races a major success

Despite the rain, the REALTOR dragon boat team had a great day on Saturday.  They were good Canadians by finishing 4th in the racing but where it really counts - fundraising - they finished first!  Our intrepid paddlers raisied approximately $8200, the majority of which goes to the charity of the day - Lions Sick Children Fund.  A small portion goes to the Moncton ...

Market flattens a bit in May

Metro Moncton experienced a bit of a flattening of our market in May.  The units sold is still up 12% for the year but May was down 7% over May 2009.  Part of this might have been caused by the new mortgage rules put in place on April 19th by the Federal Finance Minister to cool off the inflated market that we never seem to get in Moncton.  Regardless, the market remains good and sellers ...

A very sucessful NBREA AGM in St. Andrew's

For the first time in many years the NBREA AGM went somewhere besides the "Big 3" cities. We "took over" the entire Fairmount Algonquin in beautiful St. Andrews.  It was a two day event with our Members Open Forum and AGM on Wednesday and our manditiory education being held today.  Approximately 325 REALTORS (r) were in attendence. This morning Pat Cassidy did a super job going through ...

How I decide if an Investment Property is worth a look.

I see it in real estate advertising all the time.  This ___plex is a great investment opportunity.  However, when I run the numbers it isn't.  Often the return on investment is lower than a GIC or sometimes, it doesn't even carry itself. Here is how I decide if a property is worth introducing to one of my clients. First I obtain the Gross Revenue.  How much does this ...

Times they are a changin' - Bob Dylan ( I think)

Yes things are changing in our real estate profession.  You may have read some articles in the newspapers or heard some news reports on all the shenanaghans going on.  Most of what you have read or heard is only partially correct but that doesn't really matter at this point. You undoubtedly will be seeing all kinds of new listing formats going on while REALTORS try out various ...

February stats are in

I received the February sales report for the Greater Moncton Real Estate Board today and the numbers are encouraging.  We are solidly ahead of 2009 levels but not quite up to 2008 yet. The number of expired listings arre down and our new listings are up 7% which is all good news.  Most of us are desperate for some new inventory and so an increase in listings is welcome.   ...

CMHC Housing Report

Once again I had a chance to attend the CMHC Housing breakfast at the Hotel Beau.  I enjoy these annual seminar's as it is an excellent chance to learn more about the economics of the Atlantic Provinces, and more importantly, the local market. One thing which was repeated in many different ways was that Atlantic Canada faired much better than the rest of the major markets, and Moncton did better ...