| Recent Blog Posts by Patrick Galesloot | ||
Seasons of Change for Red Deer Real EstateOctober is truly a season of change with harvesting done or in final stages, snow appearing and disappearing, leaves turning, and houses on the move.
We've officially entered the 4th fiscal quarter for 2009. So how are we doing? A recent article in the Red Deer Advocate would have you believe that the market outlook is quite flat and bleak. This week we've experienced market news ...
Posted by Patrick Galesloot
on October 14, 2009
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Red Deer Real Estate Update part 2A busy few days kept me from updating on how February ended in Red Deer. It ended on a positive note. After experiencing a few months of sluggish sales we experienced an increase over January.
The bulk of the activity is occurring in the $250 - $350,000 range. The activity that occurred in January in that range probably pushed the wave up into higher ranges for February. ...
Posted by Patrick Galesloot
on March 8, 2009
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Budgets Updates, Throne Speeches, and Real Estate.Alberta remains an economic area of prosperity, but slow downs and caution is in the air. Much of the update had to do with the changes in Oil and Gas Royalties. Oil and Gas is the main economic driver for the province. Oil prices have declined from a peak of US$147 per barrel in July to a low of US$56 in November. Things were looking quite rosey when oil was at the $140/barrel number, then as ...
Posted by Patrick Galesloot
on November 20, 2008
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JoffreJoffre 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
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Penhold and Springbrook Real Estate Update:Saturday May 31, I had the pleasure of speaking to the attendees at the community breakfast. There were approximately 60 residents in attendance. The topic of discussion was that of an economic update with myself being asked to give a Real Estate update.
I'm always happy to discuss real estate and changes in the market place with home owners so I enjoyed the opportunity to do so.
The house prices ...
Posted by Patrick Galesloot
on June 3, 2008
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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
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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
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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
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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
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