Comments on: Saskatoon real estate week in review–November 23-27 2009 http://teamfisher.com/saskatoon-real-estate-week-in-review%e2%80%93november-23-27-2009/ We're bringing Saskatoon real estate to life Tue, 07 Feb 2012 19:41:41 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jason http://teamfisher.com/saskatoon-real-estate-week-in-review%e2%80%93november-23-27-2009/#comment-3584 Jason Mon, 30 Nov 2009 23:29:22 +0000 http://www.teamfisher.com/?p=5435#comment-3584 Jen, thanks for including September's gain. With this release, GDP for April was revised from -0.4 to -0.2 (+0.2), May from -0.4 to -0.5 (-0.1) and June remained unchanged. <i>"Oh, come on… isn’t it nice to know that our $28.6 billion deficit is working it’s magic?"</i> This pales in comparison to the <b>$203-billion</b> we spent on corporate bailouts over the past 13 years; that's $15,126 for every who paid taxes between 1994 and 2007. Ask yourself what you might have done with the $30,252 instead... :) (Captcha = 'dangerous lazies') Jen, thanks for including September’s gain. With this release, GDP for April was revised from -0.4 to -0.2 (+0.2), May from -0.4 to -0.5 (-0.1) and June remained unchanged.

“Oh, come on… isn’t it nice to know that our $28.6 billion deficit is working it’s magic?”
This pales in comparison to the $203-billion we spent on corporate bailouts over the past 13 years; that’s $15,126 for every who paid taxes between 1994 and 2007. Ask yourself what you might have done with the $30,252 instead… :) (Captcha = ‘dangerous lazies’)

]]> By: Jen http://teamfisher.com/saskatoon-real-estate-week-in-review%e2%80%93november-23-27-2009/#comment-3583 Jen Mon, 30 Nov 2009 20:36:39 +0000 http://www.teamfisher.com/?p=5435#comment-3583 Jason, The 0.1% gain was for Q3, and the 0.4% gain was September's gain, annualized. "Before anyone starts getting excited and drinking the kool-aid" Oh, come on... isn't it nice to know that our $28.6 billion deficit is working it's magic? ;) Jason,

The 0.1% gain was for Q3, and the 0.4% gain was September’s gain, annualized.

“Before anyone starts getting excited and drinking the kool-aid”

Oh, come on… isn’t it nice to know that our $28.6 billion deficit is working it’s magic? ;)

]]> By: Jason http://teamfisher.com/saskatoon-real-estate-week-in-review%e2%80%93november-23-27-2009/#comment-3582 Jason Mon, 30 Nov 2009 16:30:59 +0000 http://www.teamfisher.com/?p=5435#comment-3582 <b>Canada's economy edges out of recession</b> http://www.canada.com/business/Canada+economy+edges+recession/2285314/story.html <i>"OTTAWA — Canada's economic recession officially ended in the third quarter of this year, but with a weaker-than-expected increase."</i> Anytime they start hyping a resurgence in housing you know it's not a good sign: <i>"A red-hot real estate market has also helped support the economy by stimulating residential investment, related to a significant bounce-back in housing starts..."</i> You have to read through the entire article because it's not clear what the GDP growth is (they throw out so many different numbers). The direct link to Stats Canada's report is here. Officially, growth Q3 was 0.1%. http://www.statcan.gc.ca/daily-quotidien/091130/dq091130a-eng.htm <i>"Real gross domestic product (GDP) increased 0.1% in the third quarter, the first quarterly gain since the third quarter of 2008."</i> Before anyone starts getting excited and drinking the kool-aid, don't forget that even Stats Canada acknowledges that they continually revise the numbers as they move forward. Which means while everyone is clamouring about the Canadian economy being 'officially out of the recession', the reality is that a -0.1 adjustment to July, August or September means we're not. I think we've created another very precarious and potentially dangerous housing bubble, and I would not want to be basing any economic recovery on something that's being artificially sustained (low interest rates, CHMC). Canada’s economy edges out of recession
http://www.canada.com/business/Canada+economy+edges+recession/2285314/story.html
“OTTAWA — Canada’s economic recession officially ended in the third quarter of this year, but with a weaker-than-expected increase.”

Anytime they start hyping a resurgence in housing you know it’s not a good sign:
“A red-hot real estate market has also helped support the economy by stimulating residential investment, related to a significant bounce-back in housing starts…”

You have to read through the entire article because it’s not clear what the GDP growth is (they throw out so many different numbers). The direct link to Stats Canada’s report is here. Officially, growth Q3 was 0.1%.
http://www.statcan.gc.ca/daily-quotidien/091130/dq091130a-eng.htm
“Real gross domestic product (GDP) increased 0.1% in the third quarter, the first quarterly gain since the third quarter of 2008.”

Before anyone starts getting excited and drinking the kool-aid, don’t forget that even Stats Canada acknowledges that they continually revise the numbers as they move forward. Which means while everyone is clamouring about the Canadian economy being ‘officially out of the recession’, the reality is that a -0.1 adjustment to July, August or September means we’re not.

I think we’ve created another very precarious and potentially dangerous housing bubble, and I would not want to be basing any economic recovery on something that’s being artificially sustained (low interest rates, CHMC).

]]> By: Norm Fisher http://teamfisher.com/saskatoon-real-estate-week-in-review%e2%80%93november-23-27-2009/#comment-3581 Norm Fisher Sun, 29 Nov 2009 22:37:44 +0000 http://www.teamfisher.com/?p=5435#comment-3581 There are a number of ways that a listing can be removed from the "active inventory" including a sale, a conditional sale, a cancellation, or by expiring without a sale. New listings exceeded sales in all but three weeks this year, some weeks significantly but the active inventory fell by nearly 50% from its peak. There are a number of ways that a listing can be removed from the “active inventory” including a sale, a conditional sale, a cancellation, or by expiring without a sale. New listings exceeded sales in all but three weeks this year, some weeks significantly but the active inventory fell by nearly 50% from its peak.

]]> By: Dallas http://teamfisher.com/saskatoon-real-estate-week-in-review%e2%80%93november-23-27-2009/#comment-3580 Dallas Sun, 29 Nov 2009 21:10:21 +0000 http://www.teamfisher.com/?p=5435#comment-3580 how can listings exceed sales by 20 and total listings still go down? how can listings exceed sales by 20 and total listings still go down?

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