Royal LePage Niagara reports a 20% increase in residential sales units for the month of July

Royal LePage Niagara has exceeded the July 2010 sales activity by 20%.  The Niagara Association of Realtors reported an increase of 6% in home sales over July last year.  On average sales activity is down 9% in the region.   The average sale price of a single family home rose to $228,598 from the $223,099 reported for the same period last year.  This 2.5% rise in sale price is well below other markets which are experiencing increases of 10% or more.   The sales of luxury homes over $400,000 in the Niagara region are robust with sales units up 15%
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House Prices Approaching Pre-Recessionary Levels

House Prices Approaching Pre-Recessionary Levels According to a newly released survey from Royal LePage, home prices in Canada have continued their ascent towards pre-recessionary levels. The move upwards is modest- but sustainable- a good sign that the market, in general, may be returning to reasonable, balanced levels. The average price of a home in Canada increased between 3.5 and 4.3% in Q1 of 2011. Partly credited to continued low interest rates, and momentum generally from a recovering Canadian economy, home prices have continued to rise for the most part across the country, year-over year. According to the survey, “In the
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Niagara Residents Will See A Tax Decrease From Region

NIAGARA REGION, March 4, 2011 – Niagara Region held the line on taxes and residents will see a decrease in Regional taxes this year, after it passed its 2011 net operating budget of $282.8 million and capital budget of $135.2 million. On average a homeowner with a property assessed at $210,000 would pay about $1,320; a decrease of $18.35 from the 2010 tax levy. The budget actually represents a total tax levy increase of 0.10 per cent over 2010, but after assessment growth of 1.47 per cent, residents will see a decrease in property taxes of almost 1.37 per cent.
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Royal LePage Niagara January Press Release

Royal LePage Niagara Real Estate Centre Brokerage ended the year with an over all increase in sales of 5.6% over 2009 which was above the reported increase of 4% for the Niagara Association of Realtors.   The Canadian Real estate Association reported an average year over year drop of 3.9% in sales activity across Canada.   Residential MLS Reported Sales  in Local Markets Area Unit Sales 2010 Increase Over 2009 Fort Erie 476 -.02% Fonthill/Pelham 210 .05% Lincoln 268 13.6% Niagara On The Lake 226 -4.2% Niagara Falls 1070 8.5% Port Colborne 303 -2.6% St. Catharines 1583 0.1% Thorold 281
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Strengthening Economic Recovery and Low Interest Rates Point to a Stronger Than Anticipated 2011

Prospect of rising mortgage rates may prompt heightened buyer activity early in the year, according to Royal LePage forecast TORONTO, January 6, 2011 – The average price of a home in Canada increased between 3.9 and 4.6 per cent in the fourth quarter of 2010, compared to the previous year, as markets shrugged off a lackluster third quarter and returned to a post-recession growth profile. Home values are forecast to continue a moderate and steady climb in many of the country’s key housing markets through 2011 with sales activity skewed to the first half of the year, according to the
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Royal LePage Niagara Unit Sales up for the 3rd Quarter of 2010

Royal LePage Niagara Real Estate Centre reports a 9.8% increase in company sales units as of the 3rd Quarter of 2010 Royal LePage Niagara Real Estate Centre Brokerage has exceeded 2009 sales activity by 9.8% as of September 2010. The Niagara Association of Realtors reported a 9 month increase of 5.1% however the sales activity for the Month of September fell 15% compared to last year. Other major markets saw steeper declines in September with Toronto reporting a drop of 23%, Vancouver down 37.6% and Montreal down 13%. All areas are reporting a more balanced Market with Average sale prices
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Royal LePage Niagara Unit Sales Up 27 Percent

Royal LePage Niagara Real Estate Centre reports a 27% increase in company sales units in the 1st half of 2010. Royal LePage Niagara Real Estate Centre Brokerage has exceeded 2009 sales activity by 27.2% for the first half of 2010. The Niagara Association of Realtors reported a 6 month increase of 21% however the sales activity for the Month of June fell 7% compared to last year. Other major markets saw steeper declines in June with Toronto reporting a dip of 23%. Residential MLS Reported Sales in Local Markets Area Unit Sales 2010 Increase over 2009 Fort Erie 226 6%
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