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Real estate in Canada: average resale prices, changes in new home prices

Canada’s real estate market began cooling off in the second half of 2008 and the statistics that were coming out in the first few months of 2009 strongly suggested that the trend would continue.

But that changed in the second quarter. Despite a deep recession, a surge in activity spurred by first-time buyers attracted by historically-low interest rates sent the number of sales much higher than expected, in several markets.

More detail from CBC News

How to buy from sinking homeowners

Today’s tough market is encouraging more short sales, in which sellers avoid foreclosure and lenders OK reduced mortgage payoffs. For buyers, there are both deals and pitfalls.

By Bankrate.com

There are few active buyers in the real-estate market these days, but every one of them seems to be looking to buy a foreclosure or a short sale.

Foreclosure is a fairly well-understood process, but as “short-sale” signs sprout like weeds, you may wonder what they’re all about.

More detail from MSN

“Buy, Sell or Hold?” From CNBC

Buy, Sell or Hold?

Thanks partly to a homebuyer’s tax credit, people are jumping back into the market. Some say the long-awaited recovery is here; others say it’s a bargain-hunters paradise driven by foreclosed properties. Regardless, buyers and sellers alike can profit from our guide.

More detail from CNBC

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One of the most popular reasons why homeowners choose to sell their house without the assistance of an agent is to avoid paying an agent’s commission. In the US the agent’s fee typically makes up 6% of the selling price of the property.

www.99trader.com can assist you to advertise your real estate in the U.S. and Canada with our FREE For Sale By Owner (FSBO) real estate listing services.