Patrick Galesloot - Blog - Patrick Galesloot

Recent Blog Posts by Patrick Galesloot
Snow Love Beautiful cold, winter Sunday today. It actually is warmer than it was earlier in the week but a bit colder than yesterday @ -13C. Yesterday the wind was blowing and the roads were just terrible to be out. Friday morning it was -42C with the windchill and I witnessed a car travelling down Taylor drive dragging the electrical cord for the block heater behind it. We can moan and groan ... Posted by Patrick Galesloot on February 27, 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
Housing Starts Increase in May CMHC news release today. The seasonally adjusted annual rate1 of housing starts increased to 128,400 units in May from 117,600 units in April, according to Canada Mortgage and Housing Corporation (CMHC). "The increase in May is broadly based, encompassing both the singles and multiples segments," said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre. Housing starts are expected ... Posted by Patrick Galesloot on June 8, 2009		More
CARA wins Quality of Life award The Central Alberta Realtors Associaiton (CARA), was the recipient of the "Quality of Life" award. From Banff Western Connection Nancie Mackie, the Association Executive Officer, accepted the award from outgoing AREA President. Quality of Life award was awarded to CARA for there commitment to donating $250,000 to Red Deer Hospice. More on the Quality of Life ... Posted by Patrick Galesloot on January 30, 2009		More
2008 Red Deer Real Estate Market The numbers are in and we've been reviewing the 2008 Red Deer real estate market quite a bit here at Century 21 Advantage. Quite a journey it has been with highs and lows in financial markets, and changes to price frequently. There were a lot of sales in the City of Red Deer. The graphs below are compiled form MLS data provided by the Central Alberta Realtors Association. The ... Posted by Patrick Galesloot on January 18, 2009		More
Red Deer Real Estate Thanksgiving Numbers for the local real estate market here in Red Deer, were recently released. Despite a global economic freak-out on a local level real estate remains stable over all. The weekly sales volume reacting to media, but overall we're experiencing a consistent trend. Compared to a year ago September sales have been good, but 2008 has more spikes. Possible media connection with the ... Posted by Patrick Galesloot on October 10, 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
Joffre Joffre is located 23 km northeast of Red Deer, Alberta. For most residents of the area, the petrochemical site and the bridge over the river are more synonymous to Joffre than the actual village. A few name changes over the years with the exception of the large NOVA Chemicals. NOVA Chemicals' Joffre manufacturing facility lies just east of Red Deer, Alberta, and is the largest ethylene ... Posted by Patrick Galesloot on August 17, 2008		More
What are you doing this weekend that is FREE? Always lots to do on a summer weekend, especially here in Central Alberta. If you haven't had the opportunity you should look at the Tourism Red Deer's website The Alberta Sweet 16, 16 weekends of fun in Central Alberta from the May long weekend to Labour Day weekend, 2008. www.centralalbertaevents.com This weekend you'll find information regarding the Wetaskiwin Air Show. Smoke, precision, ... Posted by Patrick Galesloot on July 25, 2008		More
Red Deer, May Blockbuster Not your typical movie fare, but when it comes to new listings 2008, is a block buster of a year. It wasn't that long ago we were in a heated seller's market, we only have to look as far back as 2006. Then we started transitioning out of that frenzy in 2007 to today's buyer's market. Each market has it's good points and bad depending on the side of the transactional fence you are sitting. For ... Posted by Patrick Galesloot on May 26, 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
Spring is here? Some days yes, and some days no. What a weather roller coaster April has been. Today and the last few days we've returned to winter here in Alberta, and the lunch crowd was filled with excitement when the sun was shining a few hours ago. This morning on the way into the office approx 9:30 am Morning Parking Lot Looking out my office window this afternoon. What can possibly come from crappy ... Posted by Patrick Galesloot on April 21, 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
Back in the swing of things 2007 over and were into business in 2008. The number of active listings has decreased to a more manageable level it would seem. Rather than the 400 + single family homes available for sale we are now at 310 Active properties today.December was a quiet month for many of us with those listings. With so many homes to choose form and a Christmas season that historically has people waiting till after ... Posted by Patrick Galesloot on January 24, 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
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

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