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GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Tuesday, November 24, 2015

This housing market has slumped 20 per cent in a year

The impact of the oil downturn is becoming clearer as annual data shows how some housing markets have been hit. Fort McMurray for example has seen its average MLS sale price slump by 20 per cent in a year to $468,199 in October. That’s wiped around $117,000 off the price of an average home. In volume terms sales dropped 44 per cent to just 85 homes and year-to-date sales are down 44.8 per cent compared to 2014.

BMO Capital Markets’ chief economist Doug Porter told The Financial Post that current conditions are exacerbating the issue: “The renewed sag in oil in recent months looks to have triggered a renewed weakening in housing markets across much of Alberta and Saskatchewan. Six of the 25 major markets reported double-digit declines in sales last month, and four of those were in these two provinces.”

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

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