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Archive for November, 2012

Calgary top real estate investment market in Canada, Edmonton ranked second

Tuesday, November 13th, 2012

http://www.edmontonjournal.com/business/Calgary+real+estate+investment+market+Canada/7535200/story.html

November 11 – Remembrance Day in Canada

Sunday, November 11th, 2012

The common British, Canadian, South African, and ANZAC tradition includes either one or two minutes of silence at the eleventh hour of the eleventh day of the eleventh month (11:00 a.m., 11 November), as that marks the time (in the United Kingdom) when the armistice became effective.

The Service of Remembrance in many Commonwealth countries generally includes the sounding of the “Last Post“, followed by the period of silence, followed by the sounding of “The Rouse” (often mistakenly referred to as “Reveille“), and finished by a recitation of the “Ode of Remembrance“. The “Flowers of the Forest“, “O Valiant Hearts“, “I Vow to Thee, My Country” and “Jerusalem” are often played during the service. Services also include wreaths laid to honour the fallen, a blessing, and national anthems.

The central ritual at cenotaphs throughout the Commonwealth is a stylized night vigil. The Last Post was the common bugle call at the close of the military day, and the Rouse was the first call of the morning. For military purposes, the traditional night vigil over the slain was not just to ensure they were indeed dead and not unconscious or in a coma, but also to guard them from being mutilated or despoiled by the enemy, or dragged off by scavengers. This makes the ritual more than just an act of remembrance but also a pledge to guard the honour of war dead. The act is enhanced by the use of dedicated cenotaphs (literally Greek for “empty tomb”) and the laying of wreaths—the traditional means of signalling high honours in ancient Greece and Rome.

In Canada, Remembrance Day is a public holiday and federal statutory holiday, as well as a statutory holiday in all three territories and in eight of the ten provinces (Ontario and Quebec being the exceptions). From 1921 to 1930, the Armistice Day Act provided that Thanksgiving would be observed on Armistice Day, which was fixed by statute on the Monday of the week in which November 11 fell. In 1931, the federal parliament adopted an act to amend the Armistice Day Act, providing that the day should be observed on November 11 and that the day should be known as “Remembrance Day”

In rememberance, this article is being published on 11 month(nov), 11th day, at 11h 11min.

Nothing Scary in Halloween Housing Market

Friday, November 2nd, 2012

Edmonton, November 2, 2012: Even with ghosts, ghouls, and goblins running through the streets, homeowners could find refuge in the local housing market. The REALTORS® Association of Edmonton reports that housing prices in October were up compared to a year ago and are the highest in October in the past five years. The all residential average price for the Edmonton Multiple Listing Service® was up 0.6% at $324,924 when compared to October 2011. The average price of a single family detached home was $372,061 up 2.1% over a year ago. Condos were priced on average at $234,177 which was an uptick of 1.8% from a month ago and up 5.4% from last October. Duplex/row house prices were down 1.1% Y/Y at $305,777.

Homesellers are pleased that their property may be worth more than it has been in the past five years but homebuyers can plan their financing in an environment of small, steady price increases. The housing market is be-deviled in other centres but here in Edmonton both buyers and sellers find it heavenly. The pace of sales is steady, prices increase year-over-year, there is sufficient inventory and average days-on-market is reasonable.

REALTORS® listed an average of 72 homes each day in October and sold an average of 44 per day. There were a total of 2,228 residential listings in October, with sales of 1,375 properties. As a result of lower listings and larger sales volumes, the month end residential inventory was down (-7.9%) from last month with 6,406 properties available. Days-on-market was an average of 61 and the sales to listing ratio was 62%. There was $447 million worth of residential property, $53 million of rural and $23 million of commercial property sold through the Edmonton MLS® in October.

Life happens to us all, unless you are an investor, the best time to buy or sell your home is when your lifestyle changes. No matter what your personal circumstances, Irina Mierzewski – your REALTOR® is here when life happens.

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