Johnnie A. Anderson, CRA

Jun 13, 2008 - Frost & Associates would like to congratulate Johnnie Anderson who recently received his CRA accreditation. John has been appraising residential real estate for four years with our firm.

1st Quarter Industrial Report

Jun 1, 2008 - Despite adding 2.5 to 3.5 million square feet of industrial space per year over the last few years, industrial vacancy rates remain low.

It is noted that since this report was published new product is coming online. Some of which is at lower prices than had been seen last year. read more

House Prices Stable but Down from 2007. Note Significantly More Inventory

May 15, 2008 - "Single family dwellings sold on average* for $386,033 in April just 0.4% down from the previous month. SFD prices are still 6.6% lower than April 2007. Condos sold on average for $256,947, a decrease of 2.3% from last month. On the other hand, duplexes and rowhouses sold during April were priced 2.3% higher at $316,065 on average. Overall, the average price for all types of residential property was down 2% at $336,931 when compared to March and down just 2.1% from a year ago.

There are 10,606 residential properties currently available on the MLS® (up 12% from last month’s record inventory). The average days on market was just 52 days~: up one from March. There were 4,471 residential listings during the month and the sales to listing ratio is a low 41%. Total residential sales were $1.99 billion and total MLS® sales were $2.3 billion."

read more

Albertans intend to pay off Mortgages Quickly

Apr 16, 2008 - "2007 Mortgage Consumer Survey shows that 82 per cent of Alberta residents who recently purchased a home intend to pay off their mortgage as quickly as possible, compared to the national average of 78 per cent.

“CMHC’s survey reveals that Canadians all across the country share the goal of paying off their mortgage debt quickly, and Albertans are leaders in this regard,” said Pierre Serré, Vice-President, Insurance Product & Business Development, CMHC. “The survey also confirms that Albertans, like most Canadians, remain fundamentally cautious when it comes to managing their mortgage debt.”" read more

GE`s Condo Outlook

Mar 27, 2008 - Sales (condominiums) also slowed sharply after mid-2007, dramatically slashing the sales-to-listings ratio. Unsurprisingly, price growth is slowing—it hit a four-quarter low last spring, and price advances appear set to crumble under the weight of this new supply and slowing sales. While 2007’s average price was up an estimated 43 per cent, the 2008 price advance will be roughly one-seventh the size. Both sales and active listings will remain high in 2008, despite a slowdown in growth from 2007’s stratospheric levels. Indeed, a smaller relative deceleration in sales than in active listings will improve the market’s tone later in 2008. Boosted by a rising and aging population, sales growth will resume by 2010. read more