 鲜花( 1)  鸡蛋( 0)
|
http://www.edmontonsun.com/Busin ... 11/3299288-sun.html
% u f3 d! u% K2 X7 S0 C r" o7 c! y3 }% O: t- u2 U
Inside CANOE.CAAutonetC-HealthCanoe LiveCNEWSDatingHome & GardenJam! ShowbizJobboomLifewiseMoneyNewsstandSLAM! SportsTechnologyTravelWHAM! GamingEn Français------------Free E-MailAuctionsClassified Extrashop.canoe.caRSSFeedbackIndex------------BlogsConcertsCrosswordEcardsHoroscopesLotteriesMovie ListingsMutual FundsNewslettersObituaries TodayScoreboardSports TickerStocksSUN TVTV ListingsWeather
& O/ o* l) ~& O8 A ; K: l2 V; f+ W- F! ?* N: l: i
, Z/ ]/ `9 g1 X
9 U3 E" ]2 Y2 K. S8 ]' T
1 E( b" H) O4 f8 I
, X, `* l- m2 D! m6 k% b2 t7 q8 {
' y3 ]# U6 Y- f1 O Thu January 11, 2007 www.edmontonsun.com
0 I4 {" K" e6 I* f/ Zmailbag@edmsun.com
+ c/ t% c" M- U' @7 ]
- g& C/ P( H7 R- ?$ m" J9 v) F# C# h' W' `0 ?) t
) Y* N% M6 T* S- ^
( b# E% {4 B# f, R; L" ?, P
7 O" H+ ~4 k! N6 U) V
# \3 I4 g; H. T In Tomorrow's PaperGet the latest Oilers news every day in Sports. Or check our Oilers homepage here.
' [' R1 d3 V: v8 z7 V/ Q" l + i2 S0 j# k+ w# S
r: g5 m Q. k W0 O1 N q, i c5 q: |' o/ q
* ^& S" r5 q& k+ e& G f3 F
8 {( v/ h8 ?6 G, @8 C! `. G7 p: G
: e, n$ P% s! [) U( X2 _
- b2 @/ [! {# p# g4 O0 a8 q, F2 K7 k3 `1 L6 \0 B
; ?. K! P9 u+ b+ Q5 H+ c2 [Current Conditions
1 F* u. R8 E9 }" q3 v% w
' X+ Z1 Q- Q0 I: ` Mostly cloudy
% s% x+ e) O, E3 l/ ?: _-22oC
4 D" m4 v7 o7 u+ j1 H. @3 w$ T0 N: W/ B& t
Full Forecast6 E/ K2 H) k: `" ]$ t" p1 n( F
: l, z0 o" l3 }
M3 i, T- @' j! M: \
1 x- n/ b4 u& |- O9 o' a Y- N# W8 y7 {
) r" ?3 t. I2 P/ l7 `; F& \* |
- j* ?( G5 m% x/ w/ S
( V( R- ^& b; J2 z* M8 t 5 \( M( y0 {% q7 }0 g
; |$ T! w7 S, D
/ i9 {2 t1 f5 E t: O' W$ r2 z
* r# e" C7 E m l) DHome9 O4 Y' U* y* O' W
News- c& }8 ~8 s% c8 r' _
Sports
U( T) z& \6 b* `9 \Photo Galleries
2 n+ Z- ?2 ?* j; K9 w+ ?2 \Entertainment. e0 f) j, c( X' `3 _7 W5 v
Opinion/Comment& z4 V$ @7 L. B U
Columnists9 a' |& L* G3 t7 C
Lifestyle* G& h1 ?; }' y) B. O& O7 M
Business* Q4 u; z+ p# v. G/ k3 N
Columnists
; B3 e1 x+ g4 t8 v& l0 K& x$ \- I* S7 oNews% c: f4 {, ?4 r% \$ }
Who's Suing. L. C: Z( d2 I) e6 b7 |+ H! L
eBay Eccentric
' X4 `1 B4 p. h& L3 }, p/ O
1 w+ ~. x! @5 |0 G4 z% g/ kContests & More 7 h* ]! \7 p+ y0 x
: F* R8 E! J5 t+ i( p ' a, l- ^( b4 V& u- v! |' o" q9 [
& @1 O$ o' N8 r
8 }4 @% D/ r& t1 f1 S: GName ' G- g9 n3 J* H$ N9 C
City 8 M5 {: L* h7 r% u1 p% C
- }0 F8 r# j5 C+ x/ h; l! E* G- L
' [/ x, q" p( j$ _
5 e" \8 D" W% ? . Q; j% E1 i8 J" b) h9 ~
% n# }1 Z8 H9 Q6 g. |. |4 m1 z8 J( K6 m: N1 B$ c0 u
t7 l3 E: K* `. K# ]! a6 K 5 G1 v5 i) `# J7 p
q. i+ T4 f( ~9 p$ H, d$ U* {
Snow Scene
3 t: f" B* V ZBlogs
) k A; A. g; _- k) G+ ]: ~9 tPapercuts Podcast
9 R& y0 _; P) G" M. \. {First Light9 \, c% ` H. `2 m3 s
% I& m F, O$ U/ ~2 `# f
8 A5 l$ L4 X D; `0 Y& d: E; F) [4 X+ t: v/ f* I0 i
0 b- s1 b8 r% Z' o
& e9 Y6 l# T; g5 ?* d) r+ X
* i( t- k% ~+ L0 i0 n$ i " L7 X: r) W A6 H/ V
; h$ _) [; U2 t' Q
Active Edmonton
4 ^/ u, v& _& u/ r% E K. JColleges & Uni's4 Q% e1 B' P5 h/ r0 |% z9 z
Curling Guide
+ V6 m. b1 _ w! ^& ^Manufacturing Works
: O) P" L& f; [( lSwimsuit Edition
$ |! P/ W+ t2 | c- H" S* ^# L* F, YOn The Outskirts: q4 ^! U: P# h6 n
Coupon Book
$ G+ b1 S) C5 ?Home Design
4 G9 O8 ^/ u3 Z: O1 l% WTravel Tips
; Q$ y( g j. |7 N" fPolice Beat T* Y8 k$ V: F
Pets On Parade! E# | L3 c. l
Look & Feel) a& k/ G( _: Q5 c( t. T
Neighbourhoods- u1 S9 O. w( y) i, `
Autonet Section
, h+ X" @ U$ b% c) ~
' V3 a' i2 I# {) O+ G |' v4 J T3 Y/ H q7 a& N
7 t- F F1 {9 g3 H
/ w7 b$ C& [- q! _5 N, B/ U U) K& C5 i7 D
' J `) ?3 i8 i* q" G7 x2 L3 F . l G- P. r6 w( k
; R! ~9 \3 X4 u, U; zClassified Extra2 x3 K# g& S4 x" M0 z n
Jobboom 3 g8 w6 f: a) n: [5 z! c
Autonet9 C' u& g* I/ `& c5 Y
Dating
6 ?$ R; C" J+ J/ @' c! I# ` / V& t5 X i$ L% L1 Q1 H
/ ]* h8 ?& q1 Z2 m0 z
, Z9 e. s1 o! {& c SUNshine Girl * |4 B2 D. N6 B, ^# |/ }
% @ V* e. K, A! \3 M, [# } : ` e- ~' y# I7 s, z2 S
5 j3 q1 I' u5 X; N- R
1 n3 Z+ _/ @9 G7 N8 N
3 s; W9 T. {* E0 Q. E+ T# t; H/ u) x2 W: s
Your Health9 L6 ~* G; q0 I* X3 v) D. a
Trends
2 i m. G- ~2 d! K8 m U6 K' NEat
# k- a7 F" @4 [2 Y6 ]$ @) wSex Files
; R5 [7 u Y( _5 u8 GDIY
' W: i r. Z& xGadgets2 r' O; [, ~ r4 I# w( B8 j
Lotteries `/ ^- j5 w7 S
Comics
' {3 I. R. a! R- f- g: z4 w1 p/ SCrossword
: ]% y% e; c0 n1 f0 e Q2 C. d* jHoroscopes
' ?6 {+ L5 e }. j& t* O4 i' }9 R# tTV Listings2 r8 W8 X) b6 c4 Q1 `# \
Movie Listings 5 t6 Z, u" A6 Z- i5 a' L3 R( c
! B0 Z# R( G8 L! \# o$ {7 T6 N/ v/ S5 ?
# X, [! W) D) O: j9 x6 O, W3 _0 F5 `; t3 ^( h* i. c
, G+ Q" L! T: y$ T; h8 Z& X$ [, M8 Y4 g( @
9 D2 W. K3 i* t 7 C' _' w6 z, A( t3 n
( Z+ r4 y1 J% a8 R& Y
Mobile
3 D, c+ v% |/ X. {4 ZSun Underground8 o p/ J9 A/ n6 x2 V
Subscriptions
/ F9 R% l3 M% m% `9 U g1 H! L7 ?: aAdvertising, n; N. O; `# `! h
News Research
m( k% M6 A& d" B* r$ ^8 @* YAbout Us
8 E% i; u0 i1 G! Y4 D9 N; oEmployment+ c/ ~0 N9 ^) K$ }
Contact Us" `& u+ o- r7 ~, L7 V* `' K
Privacy Policy 8 E4 c& M5 p1 V" Q* m' |
* e( H/ V: i+ z
4 _( o9 A7 x r! ~ * t/ Z* }8 s6 v1 V
, U& T% J% n3 l. J2 Y+ N0 IThu, January 11, 2007" n" E0 |. T$ T: d6 |# ]2 s
& }7 r9 P) y) A' H4 D: T+ C" P4 U8 ]
Price is still rightEdmonton Real Estate Board president expects a 15% climb in 2007
. Q8 v1 m; y! y' k9 hBy NEIL WAUGH, EDMONTON SUN% q9 F7 z' X; E: a7 z2 y5 X9 T' U- n
! [. c' {1 ?& u3 V, W 6 K4 J" k+ {& Q
+ S4 Q" O/ r: N# o6 `
2 t6 A* Q. Z1 m. PThey're changing the guard down at the Edmonton real estate palace. ( p- M. O0 d: n6 W; t
" z; S' x6 r G5 J3 F
Madeline Sarafinchan is out. Carolyn Pratt is taking over the Edmonton Real Estate Board president's gavel - the kind of blunt instrument that some realtors, I suspect, would like to use on ComFree Edmonton upstart Travis Holowach. More on that later. ' |) p- E# K* M) x9 ]4 N
- A; O" [' q5 Q" Z8 g
But first, the EREB president's bold predictions and fearless forecasts. ( i# G4 t4 y3 A: t0 a* c8 b) N4 W
# i& v6 b. v/ o7 a4 y% i
Don't expect a repeat of last year's housing boom where condo and single family dwelling prices spiked an incredible 52%. Pratt is now calling for a more modest increase of 15%.
* q7 x0 V. A9 V b/ Y7 R3 ]) [- t; e# B3 D6 J; W4 k
'CONTINUED DEMAND'
, O& W1 O# C& i9 F! L) t2 F+ o" j7 j1 b+ `' D6 q' O
6 A" s- A7 s5 C; L# a, t D& w' {! Y+ W5 Z d7 p- P
"We feel the increase will come because there will be continued demand, consumer confidence, a very robust economy and low interest rates," Pratt whooped at the EREB's New Year's kick-off conference at the Westin. "All the factors are there for another terrific year." + f# a* v. y6 a- Y" \
8 \% n1 L" Y9 ]8 p- Y' S
She predicted that the total number of residential sales isn't expected to increase in 2007 - despite thousands of pot-of-gold seekers still flocking to the capital region from across the country as Ontario continues to sputter.
) d% t. y5 h6 U6 B& X0 W; _1 Q5 `% Y$ v! i/ V5 J4 @" W: ]4 s* S
"There just won't be enough houses to sell," she sighed. : D1 ?- C) G: ?2 @1 l
! ]; o% a$ p+ o4 I1 D
Canada Mortgage and Housing Corporation senior analyst Richard Goatcher was also talking a good-news-bad-news scenario at the board meeting. 1 ~. E# T; L1 r$ \8 ?% y2 @0 U1 A
5 f& R% n0 M$ F. Z& d9 [9 \' L4 c"The big issue is, are we going to see continued in-migration into the city with the volumes we had last year?" Goatcher said. His expectation is "somewhat less."
0 D! f# D7 ~6 W( k7 j! Q' j
. r+ o8 E0 j8 D: u" uStill, total new-house starts will be "fairly similar" to last year's pace. 2006 turned out to be a record year. So was 2005. But Goatcher is predicting a 5% decrease in house starts. : {6 |' `9 m, H4 c, |( Q
. _# ?7 L, G5 g( L7 X
"A lot of it is due to capacity issues," he said. Developers are running out of serviced lots in some areas. Some homebuilders "got a little overstretched" during last year's house-building frenzy. - Q3 o s! d# e$ v; |/ V# Y
/ A5 R8 N% u0 m1 a"There are too many shortages in the system," he shrugged. 4 w e1 K5 b% [ W- w [
2 s( o) T! {4 ]! b5 H"But it's still going to be very, very strong," he quickly added, with the average new-home selling price ramping up by 20%.
4 B8 r/ O% {/ T% o E( t6 O) j, k% Z3 D) j, N1 i
NO PRICE BOOM REPEAT
* d3 n; l4 l- _) O7 v& g: X4 f6 |) H2 e3 J% x- b: u7 E$ a/ P
He also doesn't see a repeat of the 2006 price boom in the resale market, which he described as "unsustainable."
} ^+ O6 w; n9 o
- P1 ^7 t3 E7 J) h' O* \Expect a more gentle 10% increase - mainly because many potential buyers are now being priced out of the market - even with zero down payment and 40-year mortgages. , c$ O8 M( Z' I1 |* p
3 _! l( w1 \0 XOver at ComFree Edmonton, president Travis Holowach was also celebrating what he described as a "steaming red hot" real estate market, and another "record-setting" year for his commission-free real estate service.
/ L: k/ b. J- }: E" K, A5 j. C- a- L m( a6 X: V
His 2006 wind-up report shows 4,375 total sales and 5,721 new listings, up 74% from 2005 - clearly sucking up a lot of the inventory that would otherwise have gone to an EREB realtor.
4 g/ x) h- [& M: v7 _5 ]
5 e$ j: P. ~; O% O7 K"Our growing presence in the marketplace is having a strong impact on the competition," Holowach winked. 3 v2 V, u; t( Q) u2 s
5 j9 Q+ X0 u0 d/ \ v) U+ B/ }
So strong that the Alberta Real Estate Association launched a complaint with Alberta Government Services claiming ComFree was bending the truth about its market share. 7 k% a) c, X; ^. a @2 E5 \
- x/ ?4 L& m1 K$ N0 X7 i
Yesterday ComFree was still claiming 30% share of the residential market. And "commissions saved" of $82 million from his sell-it-yourself operation. Which, of course, is what the battle is really all about.
. s/ w/ M8 s) V* ?9 g
. j/ m# s9 I# l- b+ T8 a"We do 95% of the sales in the real estate market," Pratt countered. 2 ]# N9 P0 d5 K3 Z
% x+ M3 ^" T; Y+ p2 l& ?Let the good times roll. 0 i: R0 _( J& I3 Q0 Q" I Y" w" x
2 i6 n* c- w- P+ j. B, x
Previous story: Bottom Line0 {& E5 d B: d4 B$ _
Next story: Building permits hit record, I8 n# M# j( f( ?
# p+ x5 p0 P+ G6 P3 x9 ]
; e" x1 [% l4 q( s4 H4 O+ h5 v
m$ ?/ G* j6 m, t/ g. m
7 ], {3 A+ T5 j' P2 @! E) ` 3 N# p% S. A& c- L
! c/ X {4 y! s " s# ~7 E2 ?' ~" R0 M5 g T! G7 _: C
Newspapers- Toronto Sun- Calgary Sun- Ottawa Sun- Edmonton Sun- Winnipeg Sun- London Free Press- 24 Hours Toronto- 24 Hours Vancouver- 24 Heures Montreal- Brockville Recorder & Times- Fort McMurray Today- Grande Prairie Daily Herald-Trib.- Kenora Daily Miner & News- Portage la Prairie Daily Graphic- St. Thomas Times Journal- Simcoe Reformer- Stratford Beacon Herald- Woodstock Sentinel-Review- Jobboom Career Connection------------BOWES PUBLISHERS- Alberta- Saskatchewan- Manitoba- Ontario- Quebec ! e! L+ A5 _2 O- B2 L D3 }# U9 K6 U
This site is updated by 4:00 a.m. MST each day and includes stories and columns from the day's print edition of The Edmonton Sun. - v+ O0 Z' e7 _
/ M" M2 n j) T2 [' D ?) T4 {
, z2 i0 N. |. t9 ^
# |1 i( F* q, [' L: N
0 k5 }# ~& y8 E7 j% X: r# m# k
7 \- i. Z, N* _+ ?8 _8 eSend a Letter to the Editor8 M. p, m) U& J P+ g& W$ a
CANOE home | We welcome your feedback.; k( ^8 [/ c9 B) w9 {
Copyright © 2006, Canoe Inc. All rights reserved. Test |
|