Gary Zalepa Jr. - Blog - Gary Zalepa Jr.

Recent Blog Posts by Gary Zalepa Jr.
Home Prices Edge Higher in January OTTAWA – February 6th, 2012 The MLS® Home Price Index rebounded in January following monthly declines in each of the two previous months, according to statistics released today by The Canadian Real Estate Association (CREA). The MLS® HPI is designed to be a reliable, consistent, detailed, and timely way of gauging home price trends. It is calculated each month and covers five major ... Posted by Gary Zalepa Jr. on February 6, 2012		More
Resale Markets Firm Up In October According to the Conference Board of Canada and their analysis of Real Estate Board data, resale markets are tightening and prices in most areas are rising. Locally in Niagara, unit sales figures are up 1.9% from September but still below those from October 2009. The number of resale homes available in October 2010 was still lower, 5% below the numbers in 2009. As some sellers ... Posted by Gary Zalepa Jr. on November 26, 2010		More
NOTL Housing Sales up 60% The third quarter has demonstrated that Niagara-on-the-Lake's real estate market has turned the corner and is leading a local economic recovery. The local housing market has historically preformed well in comparison with other Canadian cities and towns during economic downturns. The financial crisis of last year has proven that again. Local housing values have held up well during the past ... Posted by Gary Zalepa Jr. on October 16, 2009		More
Great Waterfront Trail Adventure- begins in Niagara-on-the-Lake This was a great event. I feel it would be a good idea to capitalize on it's success. I believe in future years The Town of NOTL could promote this as a special event in NOTL, like the any of our other events and perhaps get more involved. Perhaps Parks&Rec Committee can ask Clive to report back on increasing our involvement with this event with the goal to attract additional participants ... Posted by Gary Zalepa Jr. on July 30, 2009		More
Rebounding Sales in 2nd Quarter In is a press release from the Canadian Real Estate Association, sales in the second quarter have rebounded. The local NOTL market is experiencing a more modest rebound then other Canadian cities. Sales figures for May 2009 are up 8% from the same period in 2008. June 2009 sales in NOTL are down 30% compared to 2008. Sales across Regional Niagara are up 5.6% in June versus June ... Posted by Gary Zalepa Jr. on July 15, 2009		More
Stabilizing Sellers Market Niagara-on-the-Lake's residential real estate market is displaying characteristics of a stablizing seller's market, according to local CENTURY 21 Broker, Gary Zalepa Jr. Basically unit sales for June 2009 are down 32% from June 2008. Inventory of resale homes available is also down 17% for that same period. There was 44 new listings in the market for June 2009 ... Posted by Gary Zalepa Jr. on July 7, 2009		More
Sales Figures Rebound in May National resale housing market activity returned to pre-recession levels in May 2009. The rebound in activity is being led by an increase in transactions in some of the most expensive markets in the country, which is skewing the national average price upward. According to statistics released by The Canadian Real Estate Association (CREA), actual (not seasonally adjusted) home sales via the Multiple ... Posted by Gary Zalepa Jr. on June 18, 2009		More
IS YOUR NEIGHBOURHOOD HOT? According to local CENTURY 21 Broker Gary Zalepa Jr. the key message for home owners derived from a recent CENTURY 21 Canada study is that an accurate evaluation of your home can only be achieved by comparing your home with similar type homes that have sold recently. Do not rely on market average figures. Real estate is highly localized and many areas in Canada have very active and ... Posted by Gary Zalepa Jr. on June 11, 2009		More
Being Average? Not for you. By Don Lawby President, CENTURY 21 Canada Let's face it, nobody wants to be average. It's the terrain of the unremarkable-the realm of the safe middle ground. But while "average" is by its very definition nothing to brag about, it does have its place in our world. It shows us the big picture. It reminds us where we stand, right? Well, to a point. In real estate, average prices in the ... Posted by Gary Zalepa Jr. on May 21, 2009		More
Local market effected- 2009 1st Quarter for NOTL Resale housing activity in Canada in February 2009 was up from seasonally adjusted levels the previous month, according to statistics released by The Canadian Real Estate Association (CREA). www.crea.ca A total of 28,669 homes traded hands via the Multiple Listing Service® (MLS®) nationally in February 2009 on a seasonally adjusted basis. This is 8.6 per cent above seasonally adjusted levels ... Posted by Gary Zalepa Jr. on April 9, 2009		More
MLS Stats 2008: The Economies impact on the NOTL Housing Market The following figures are for the Region of Niagara,provided by the MLS operated by the Niagara Association of REALTORS. I appologize for the poor quality image I would be pleased to email a copy to you. Gary@GaryZalepa.com 20082007 ListingsSalesSales/Listings RatioAverage Sale PriceListingsSalesSales/Listings RatioAverage Sale Price AreaMonthYTDMonthYTDMonthYTDMonth12 ... Posted by Gary Zalepa Jr. on January 17, 2009		More
Local Broker comment on Housing Outlook http://www.niagarathisweek.com/news/communities/Niagara-on-the-Lake/article/228823 The link above will take you to media coverage of a previous blog. The focus is on the Housing Market Outlook for NOTL. Posted by Gary Zalepa Jr. on January 13, 2009		More
Spread the News... I know most people are worn out over talk of the ecomomy. Especially negative information. Well here is a fair, fact based article from The Golbe's Report on Business... http://www.theglobeandmail.com/servlet/story/LAC.20090110.RJOBSCYCLE10/TPStory/Business In summary Canadians should Cheer up. By comparison to the US where I was last week in NYC at a real estate conference. I heard of markets where ... Posted by Gary Zalepa Jr. on January 12, 2009		More
Where is the Market Going? According to RBC we are experiecing a "Housing Downturn- Canadian Style" Let me explain... For the past two years we in Canada watched as the US and UK experienced a housing collapse fueled by overpriced housing and extensive speculation leading upto the correction. When was it coming here? Well it is here and as the RBC Economic Report -Housing Trends and Affordability indicates Canada is in ... Posted by Gary Zalepa Jr. on December 11, 2008		More
Buyer's market? Depends on motivations says local REALTOR Canada's longest housing boom of the post-war period has come to an end, according to the latest Real Estate Trends report released November 20 by Scotia Economics. The reversal of fortune has been most pronounced in the previously hottest markets of Western Canada, including Calgary, Edmonton and Vancouver. "In Ontario including Niagara-on-the-lake we are witnessing a cooling off but not to the same ... Posted by Gary Zalepa Jr. on November 20, 2008		More
Third Quarter MLS Results The key message is that "all Real Estate is local". Three quarters of 2008 is behind us. Our local Real Estate market is performing solidly with healthy unit sales and prices trending upwards 7% from this time last year. Last Sept, year to date the average sale price in town was $374,000 and for September 2008 that figure is $403,000. NOTL MLS sales in September were very strong. Unit ... Posted by Gary Zalepa Jr. on October 6, 2008		More
Federal Gov't Adjusts Economic Forecast Finance Minister Jim Flaherty has recently announced an downward adjustment in the anticipated growth of Canada's economy from 1.7% to 1.1%. This forecast will be used to prepare the federal budget for February 2009. The government has been monitoring events in the US. Weaker US consumer demand, continuing finacial/banking sector weaknesses and other global economic factors are ... Posted by Gary Zalepa Jr. on August 28, 2008		More
Gary Zalepa Jr. The LOCAL Expert in NIagara on the Lake This week's Niagara Crier featured an article with local Real Estate Broker Gary Zalepa Jr. Owner/Broker with CENTURY 21 City Realty Inc. located in Historic Old Town Niagara on the Lake. www.CENTURY21Niagara.com As published in the NIagara Crier, July 25, 2008... DECREASE SEEN IN AVAILBLE HOMES... The number of homes available in Niagara-on-the-Lake has decreased by six per cent this year says ... Posted by Gary Zalepa Jr. on July 26, 2008		More
2nd Quater 2008 MLS Stats 2008 2007 Listings Sales Sales/Listings Ratio Average Sale Price Listings Sales Sales/Listings Ratio Average Sale Price Area Month YTD Month YTD Month YTD Month 12 Month Month YTD Month YTD Month YTD Month 12 Month 01 53 323 20 120 38% 37% $343,525 $403,382 58 346 31 148 53% 43% $378,949 $384,953 Here are the MLS figures for Niagara ... Posted by Gary Zalepa Jr. on July 17, 2008		More
MLS Statistics, 1ST quarter 2008 residential NOTL Here are the numbers. Do not beleive what you read in the papers or see on TV. NOTL's residential resale market is keeping pace with 2007. What does that mean for homesellers and buyer? Well for seller's it means you must have a fair expectation of your selling price and make sure it is well researched and feasable in todays market. For buyers, the message is remain patient and keep looking for the ... Posted by Gary Zalepa Jr. on May 26, 2008		More

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