Daily Market Update

by REP11 Dec 2014
Calgary could see market downtown
A Calgary real estate consultant is warning that lower oil prices could contribute to a downtown in the Calgary market. Ross Kay, a realty analyst said that after an unprecedented 42 months of expansion, things are starting to slow down as the market shifts. Read the full story here.

Chiliwack rising to pre-recession real estate levels
Business is picking up in Chiliwack, B.C. as the market continues to bounce back post-recession. There’s been a 20 per cent increase in sales. A median price for a single family home in Chilliwack is about $350,000, compared to $450,000 up to $480,000 in Abbotsford as Chilliwack's big advantage is still affordability and decent interest rates. Read the full story.

Thunder Bay holding steady after tough winter
Things are also looking up in Thunder Bay, according to a REMAX agent. “The Thunder Bay Real Estate market was very similar as far as house sales was concerned. Because of the bad winter we experienced we did not get busy until late spring. The spring and summer market was very active with lots of activity in all price ranges.” Read the full story for details and other market updates.

Crowdfunding real estate
Crowdfunding is becoming an increasingly popular to raise money for under-funded projects but now the option is being seen as a viable tool for real estate. According to a report from Yahoo, realtors are creating crowdfunding platforms connecting developers with investors. Read the full story here.

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