Patrick Galesloot - Blog - Patrick Galesloot

Recent Blog Posts by Patrick Galesloot
Banff, Location, Location, Location How often have you heard that saying about real estate? Location, Location, Location. The last few days I have been attending the Banff Western Connection Real Estate Conference and I've been thinking about "The Location". I just love Banff and coming here at all times of the year. I don't get to ski as near as often as I would like, but standing on top of the resorts here and ... Posted by Patrick Galesloot on January 29, 2011		More
Full of Fun in Em Te Town, Alberta Father's day weekend with Red Deer Kinsmen club means it is time for the Kinsmen Camp Out. Every year the Red Deer Kinsmen get together for a camping weekend. The Red Deer Kinsmen is a social club made up of young men who raise money for the communities greatest needs. The largest and main fundraiser we do as a club id the Dream Home Lottery. The Dream Home campaign has grown to ... Posted by Patrick Galesloot on June 22, 2009		More
AREA installs 2009 board memebrs Yesterday AREA (the Alberta Real Estate Association) installed the board of directors for 2009. I'm pleased to announce that Janice Resch is one of them. Janice Resch is part owner of Century 21 Advantage, a company that has deep family roots for her. Janice has been active with the Red Deer Real Estate Board now called CARA (Central Alberta Realtors Association) for years and served ... Posted by Patrick Galesloot on January 29, 2009		More
AREA predicts decrease in prices and sales for real estate 2009 AREA predicts decrease in prices and sales for real estate 2009 I'm in Banff today, at the Banff Western Connection Conference. A conference geared towards Realtors and Real Estate Associations from Western Canada. It is also open to Realtors from all over not just the western provinces. While it is not surprising that we are hearing a prediction regarding a decline in real estate as that has ... Posted by Patrick Galesloot on January 29, 2009		More
Another Red Deer real estate week. Weekly Stats # Listings # Sales # Price Changes Nov. 17-Nov. 23 44 26 60 Listings declined a little bit this past week, which is not a bad thing. We still have plenty of listings to choose from and from a selling standpoint it helps to get the ... Posted by Patrick Galesloot on November 24, 2008		More
Financial Market Bailouts and Real Estate It's been a busy few weeks in the financial markets, with constant attention to mortgages and credit. With strong economic environment in Alberta it can be hard to grasp or see the impact that these changes will have on the average home buyer or seller. The changes: Zero down is gone. This was announced to be phased out many weeks ago but the deadline is here. The description ... Posted by Patrick Galesloot on October 13, 2008		More
Penhold Alberta, the place to invest in Looking for a small town loaded with potential? Penhold may just have what you are looking for. Penhold although small in stature is the only "bedroom" or "commuting city" with in 15 - 20 minutes of Red Deer that has experienced an increase in MLS sales volume. The average sale price for real estate in Penhold has also experienced growth over 2007, not matched by Blackfalds or Sylvan ... Posted by Patrick Galesloot on September 21, 2008		More
Red Deer Weekly Market Update The bank of Canada decided to hold interest rates steady on September 3rd. The department of Finance set a date with imposed restrictions on 40 year amortizations and the use of zero down. The kids went back to school, and families settled into to back to school mode etc... So where are we now? The number of new listings began to cool off during the first two weeks of August, and ... Posted by Patrick Galesloot on September 15, 2008		More
August market in Red Deer Back to school may be the most wonderful time of the year for those of us with kids. The question is will it be the same for the real estate market? August turned out to be a mixed bag yet again. The single family home sales were strong if you were priced right and not in a higher price point. Town houses and duplexes are settling out into a good groove. Apartment condos on the other hand not ... Posted by Patrick Galesloot on September 5, 2008		More
Alberta Budget Surplus Announced Tuesday the Alberta government released latest budget information for the province. Finance and Enterprise Minister Iris Evans released the province's First Quarter Update, showing a forecast surplus of $8.5 billion for 2008-09, $7 billion higher than predicted in Budget 2008. Higher-than-budgeted resource revenues will enable government to increase its savings this year and cover the full cost of ... Posted by Patrick Galesloot on August 27, 2008		More
Long weekend destination Sylvan Lake is of the place to be for sunshine, and water fun. I've been going there for years and witnessed the growth and development in the Town. Sylvan Lake in the summer is always fun with boating on the lake, playing in the water and beach, zooming down the slides at Wild Rapids, and of course walking in your bare feet ever so carefully to grab an ice cream at the Big Moo. Fortunately ... Posted by Patrick Galesloot on August 1, 2008		More
April open for business and business was... Good. Sales were down from record 2007 sales volume, but well above 2006 numbers. Here at Century 21 Advantage, we led the way with listings sold in Red Deer. Out of the 220 properties sold in April Century 21 Advantage sold 56 which is a little over 25%. How does this compare to what the market is like or what is every one else doing? Well today we see a total of 785 properties available in the ... Posted by Patrick Galesloot on May 8, 2008		More
More drops in the Interest rates, benefits who?? Today the Bank of Canada announced yet another decrease in interest rates. A significant cut from 3.5% to 3.0%. The last time the Bank of Canada dropped rates by 1% in the same short time frame (6 weeks) was back in 2001. The Bank of Canada indicates that they are doing so in response to economic indicators primarily from the US economy. From the Bank of Canada Press Release: "The Bank is now projecting ... Posted by Patrick Galesloot on April 22, 2008		More
Your Credit Score and You When working with buyers the question will come up have you spoken with your bank about whether or not you are qualified for the price level you are shopping in? This can be a conversation that happens at one of our first meetings and really it should. The challenge can be the buyer may be reluctant to part with this information until they get to know us, or simply they just don't know. The ... Posted by Patrick Galesloot on March 27, 2008		More
Penhold Market at a Glance: Here it is the day before Valentines day, and Penhold Real Estate appears to be as strong as ever. For those unfamiliar with Penhold, Penhold is located 14 kilometers south of Red Deer. Penhold is a growing community yet one who's growth has been slower than some of its neighbors. That is changing. For years now the north section has been tied up with a developer who was just slow to get things done. ... Posted by Patrick Galesloot on February 13, 2008		More
January 2008 Market Update, More of the same? Kind of, yes.December was a slow month in comparison to the other months in 2007. Sales of single family homes totaled 62 and in January we saw a modest increase up to 69 single family homes sold. Not a large numbers jump but still a 11.29% increase in sales. I wouldn't be surprised if I read a head line that indicated sales increase by 11%. That would not be an accurate reflection ... Posted by Patrick Galesloot on February 4, 2008		More
Government Giving at Christmas Time Time of year for giving and it starts at the top. The past few years have been very good for Alberta. Recent announcements and plans released indicate that 2008 will also be a great year in Central Alberta. Both provincial and federal levels of government are workin with regional levels to improve the quality of life for us all. More money is being spent on infrastructure helping ... Posted by Patrick Galesloot on December 23, 2007		More
Penhold receives $6 million for new multiplex facility Penhold... The federal and provincial governments will jointly invest $6 million towards the construction of a multiplex recreation facility in the Town of Penhold.Bob Mills, Member of Parliament for Red Deer, on behalf of the Honourable Rona Ambrose, President of the Queen's Privy Council for Canada, Minister of Intergovernmental Affairs and Minister of Western Economic Diversification, and the Honourable ... Posted by Patrick Galesloot on December 23, 2007		More
The Tiger... Today we were fortunate to attend the Red Deer Chamber of Commerce Luncheon with guest speaker Don Drummond, SVP & Chief Economist with TD Bank. Don presented his follow up to "Canada's economic Tiger, the Calgary-Edmonton Corridor", to a full house. This time Don's economic report is aptly titled "The Tiger that Roared Across Alberta". You can view the entire report your ... Posted by Patrick Galesloot on November 29, 2007		More
Best Year Ever? With head lines indicating that the end is near, and that we're in a buyers market so look out for falling prices how can 2007 be the best year ever? By the numbers it is. Volume of sales is up, the average sale price is up, and the economy is strong. This is what it looks like for 2007 in the city of Red Deer: 2006 YTD 2007 Average List Price $252,791 $313,378 Average ... Posted by Patrick Galesloot on November 22, 2007		More
Penhold Real Esate Market Update The Town of Penhold is located approximately half way between Red Deer and Innisfail. Roughly 13 km south of Red Deer on Highway 2A, and the junction of Highway 42. It is a small growing bedroom community with a population of 1,961 (2006 stats). The potential for future growth is definitely there, making Penhold an ideal Town to invest in for future development. With its proximity to the ... Posted by Patrick Galesloot on November 7, 2007		More
October ends but wasn't a scary finish! In fact it was another busy month for real estate in Red Deer. It was very similar to October 2006. There was a total of 100 Single family homes sold in October 2007 compared to 101 in 2006. The similarities continued with the average sale price. The average sale price for 2007 single family homes was $338,856 and in 2006 it was $333,138. Our growth has slowed to a point where we've caught up to ourselves. ... Posted by Patrick Galesloot on November 2, 2007		More
September stats are Balanced The Red Deer Real Estate Board released their stats yesterday for September. A few of the highlights are:"BUYERS BENEFIT FROM BALANCED REAL ESTATE MARKET"FOR IMMEDIATE RELEASERed Deer – October 9, 2007 – Throughout Central Alberta homes continued to change hands at areasonable rate last month according to the MLS® figures released by the Red Deer & District RealEstate Board.Residential sales ... Posted by Patrick Galesloot on October 10, 2007		More
Market Watch, Comfort Zone in Fall Market Recently I was having a conversation about the market with a few friends and colleagues. Those that were not Realtors were asking about the so called price decline in Listings. "How much do you think the market will fall?" they asked me. I look at them and reply "fall?". The market is competitive and yes there is pressure on price, and on the surface it may seem like ... Posted by Patrick Galesloot on October 7, 2007		More
Things to do on a fall day In Central Alberta. There is so much to see and do in Central Alberta in any season. Recently I had an opportunity to take some time off with a few friends and enjoy a round of golf. Sure there was a frost delay as there are in many areas across Canada this time of year, but it was worth it. One of the joys of golfing is enjoying the outdoors, and taking in the scenic views of a well cared for course. ... Posted by Patrick Galesloot on October 6, 2007		More

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