 鲜花( 1)  鸡蛋( 0)
|
http://www.edmontonsun.com/Busin ... 11/3299288-sun.html
$ `" s5 T( O0 d: \; _, F
% T6 @! u0 B0 C* w* T! J Inside CANOE.CAAutonetC-HealthCanoe LiveCNEWSDatingHome & GardenJam! ShowbizJobboomLifewiseMoneyNewsstandSLAM! SportsTechnologyTravelWHAM! GamingEn Français------------Free E-MailAuctionsClassified Extrashop.canoe.caRSSFeedbackIndex------------BlogsConcertsCrosswordEcardsHoroscopesLotteriesMovie ListingsMutual FundsNewslettersObituaries TodayScoreboardSports TickerStocksSUN TVTV ListingsWeather ) m. Q% Z5 U- |- b3 m
- h9 x [6 _1 V _ + u8 x$ s( {% x% Z' k5 Y- e) x
6 h3 L. I8 v" E% W0 A; b& L% j
7 ^, P0 C+ k+ m) \ u6 P" h5 C. ]$ S! \" y+ h! \* I. M' `8 Z
% [# g& n& v& g" D
Thu January 11, 2007 www.edmontonsun.com7 c# l, X% J5 n" R+ s! E1 {( q
mailbag@edmsun.com
8 y# Y7 P c% u1 A: p( u% r
; g+ } s* g$ Y' j4 }$ [- {" z+ v
% X* U% q# f. \) `$ @" @ ' Q6 t: k$ s5 O2 _4 G
5 K" }( b, ^: Y' \
' v: r$ e0 F; W) M) k, i6 D- v" W* ~
In Tomorrow's PaperGet the latest Oilers news every day in Sports. Or check our Oilers homepage here.+ B7 L; Z6 E% L: u* c' g" @
}7 [$ B( \: _& |8 D
. n3 }8 b y: T# ?7 E- ` # ?! |7 U! k( B/ q% ~
6 k) Q) x" ?, K& ^ ; B/ g5 P1 N* F
" ?9 F/ y8 @: O( f" ` S7 ~1 |
2 y5 X& f4 V6 b t; H6 w# A- p
) z. O* k, t& n5 Z" d7 J2 H7 q, D0 \, _3 p# Z$ ^; C6 b# d
Current Conditions
! B8 ~! G$ ?( {, j6 y! W/ [
8 {- L/ l' V" K' x" h3 d Q Mostly cloudy- X( s! \% s! e% W/ w
-22oC 0 z, w9 E% N3 l6 q
3 `* f/ `; P- {% O" x& xFull Forecast( R. T2 e; T( H8 k+ b+ f; U% a
% Y/ F# ?' g9 U: C* D4 T: ~8 a
* I# g/ q7 m6 H0 W3 f
0 @" l6 {7 w: J
9 w T* u: M( P4 Q0 N - }$ O# _% H4 T
5 ~2 Q4 j% H# f' {0 b3 C( ?
/ Q' w" L/ Q2 j* J6 O! k
) j, O; ^1 Y) l3 V* }
4 H' h- P2 z; u/ b
& M E- x1 {1 b l+ L% X
Home- k0 F, A" W7 k1 H8 k$ ?: I J- H
News+ y( F9 ^* ^: A7 c: N
Sports" ]: N D/ B- _
Photo Galleries6 M# e) R9 w" y0 M! @
Entertainment
6 j* Q& S& q- \4 wOpinion/Comment- f; n- M0 y/ K6 U5 i
Columnists
: Z$ `8 \" y1 a* G: x" NLifestyle
7 O' W% u, G; g" oBusiness" w4 i0 V1 q5 l5 T" v# U9 R2 @1 P
Columnists8 ?* y3 _- T+ w8 K
News8 O: ` l0 L7 d: O1 t) R
Who's Suing
3 e* ^6 d' n6 meBay Eccentric2 n7 U5 P& R% K: C
* {+ M% c, `+ K, }; O
Contests & More % W: t. w- E1 H# {+ D& l) j# a
7 g! T6 \7 _( u3 j7 | ! \7 t0 U. S) Z; d0 m
! P3 c7 u L1 ]
% Z$ L4 n1 }/ Z) }2 IName 8 I: t* X0 c; U) c1 H
City % j( K* K- x! [7 r. J
+ b1 U" b# P- ?/ W9 Z 6 a: o6 o4 s3 V* c
0 a f& s- Q) t, `$ ?' Z
2 P$ B& d/ `% K; R5 i8 g0 G & U; ]+ y, P5 C" U8 P( i
$ f- z- L! d% s. t Z& f
* G: C( b8 s9 y, g
3 U" u5 N# M0 F. ~9 Q ; W. m) d, ^3 T
Snow Scene
+ F7 |% W3 t y$ u& @% J$ [Blogs2 T- P/ o7 u1 R
Papercuts Podcast# X/ p$ ~& C$ `1 _: o
First Light4 A, T( N# n7 H' T& S
8 ?" x7 E6 K0 p) A
0 H+ a5 l5 M; i$ w$ Z) |. ]+ s s" q3 ^. N. M2 S# i1 h
7 ]# k/ n6 N, f" F! K0 b" t, H5 [: T* O4 Y4 M8 \* n% o
5 t! b Z2 X6 X0 U$ f+ f4 t
* {: x2 S$ Q7 c8 F5 x" v 7 ?% `5 i3 Z9 _1 d8 L5 h& x/ E
Active Edmonton
: J# l8 u4 b& QColleges & Uni's! i6 G% o6 Q4 j3 T% b: i. T
Curling Guide
( a, R3 U8 i- |5 d( `Manufacturing Works
( U& q9 U R/ v' L. }1 `0 fSwimsuit Edition6 ~; s8 M8 p% i8 W3 f, u
On The Outskirts& J X' Q x ^; z1 I
Coupon Book
5 e9 M! J$ r3 u( A, SHome Design
" @6 T1 {+ P3 L2 yTravel Tips1 c& b$ C6 u" B/ _" k
Police Beat
4 f1 @7 L6 w2 y+ u1 hPets On Parade
1 u* z4 _8 I7 f- U6 `! ?, p9 jLook & Feel
: c/ y5 u4 q$ A$ `, rNeighbourhoods' ?$ G p- ~. e6 A
Autonet Section
1 M; v9 T5 R/ e! ]( l# i 0 _3 }; L% F* G& T
- ~ }: E$ h/ C5 {0 b/ s8 Z
4 ]* L' |" C p# M2 i" G) o& K! g% z4 r& I( M7 [7 {
$ L; @: \) e6 e* z7 h, t
4 [2 }( K s" J2 u3 o, P) b' A: L3 P 1 y) P5 i( ^* C# k& m# m" U
2 z. y, {3 U+ Q& oClassified Extra" K; M9 a* g7 o& @% @) h
Jobboom
) b) u/ I. e/ e# k; b- H$ N5 NAutonet( T' {. H; S* c2 O' L5 o
Dating $ v) X2 |0 w; Y; f
5 ?# x8 i# w1 l
: m& A3 }: h; t
9 P' B' N5 R% h) ^, c: v3 Z
SUNshine Girl
: K; s9 o; A4 v. Q5 g/ a 2 i/ a% w% W+ d3 Q! v
: T! F/ I D# s7 ?/ L7 i
* l" G, j N8 N
3 r* u+ L9 m# G/ r0 n) j 3 F0 q0 q1 G/ |/ G% X
- G* Q! `+ @3 L9 |! s( P, @% G/ }Your Health% ?7 v% V# k8 i
Trends
+ c5 Z) O( U5 h% R! gEat E3 B4 K ~. r; r
Sex Files* W( U0 p/ H, G7 e: y$ X" C0 D! H$ _
DIY
) v' m' w' b X9 A- nGadgets
?5 X: j8 \, X4 S: d6 Q: kLotteries8 u P+ e7 p* S' I6 E0 F1 v1 ^' w2 c
Comics
5 k% o5 w; g- o* ^4 M. _0 d z' jCrossword4 m2 h9 T% s8 ~( M, H
Horoscopes
/ [6 @% K$ e. s- CTV Listings
& u" Y J6 C' K/ v" ]4 O/ sMovie Listings
9 @6 A7 y4 S! [- n4 ?* m
. n: B% `3 l; `. G0 V! e* f* H* x' x8 ^) y
6 L7 f( x4 A+ E% q0 Y, ]* e
& o$ k5 `5 c$ K3 G& [3 h6 o$ [9 G2 I. y! k: l; e
# i/ U8 v _6 f
2 \, }1 m+ \; U4 H8 x* H d( I* U! N9 S3 K
Mobile
6 L& Y8 m; W) U8 \" ?Sun Underground3 o5 P8 p" ~% E: V! H& m/ p; l
Subscriptions" x# H1 `2 n& h) v# a* u! ^
Advertising# m3 \$ g; t8 G0 X+ T* G
News Research
8 c0 B* }" k. s: u1 A2 _, L- H1 j% OAbout Us
5 ~/ Y' {2 H+ g; K* c2 VEmployment
0 Y4 i! R' [% D. M. Y" j( [Contact Us
/ p8 T. N5 h$ B) _& J( hPrivacy Policy
3 {- G/ _- I6 Z/ e4 g% U
8 o5 o4 }2 Z' i% q: P( g8 I
; h# l: y1 p5 J
. y, l8 C/ }# S1 l' j# c
5 a6 C; J! f# L: G8 g4 B6 z5 FThu, January 11, 2007( @* v/ v# b) E7 a
$ p% N. s) ^: | ]- B+ w
Price is still rightEdmonton Real Estate Board president expects a 15% climb in 2007
$ {/ r+ S9 n% ^! t2 {; g4 _By NEIL WAUGH, EDMONTON SUN8 ~' F6 J$ x. L. G* a
' i3 D% A5 ^4 R, M6 }$ b
% O5 K! B- d$ M. G( e7 ]- K/ ]; _
7 o* @* x/ T) y6 W! z
' k7 R) F( m% S$ i$ Z9 hThey're changing the guard down at the Edmonton real estate palace.
" S0 z: i. e+ g, e4 q c0 X/ g% ?+ X: l8 ~: e# t
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.
6 p+ C+ I4 _' k! Y; K0 z; e3 f: Z
% Z0 Q( Z+ b+ Q9 x6 [( `3 i- c- WBut first, the EREB president's bold predictions and fearless forecasts. 6 K6 A& M5 K* G
+ S- N* N; F ], 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%.
. Y! \* h' {) n1 q
* s! l1 Q" k+ z& E e4 s+ M1 i'CONTINUED DEMAND' ) C- I: X% S$ x* x+ ?
6 `% Q. o H& y . ^. v+ r8 }. t. m& e
% ?' W' E( t9 i* m7 k8 O+ b2 v"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."
3 h" H% s, R& c' S0 _& Y5 }" l4 Y5 A3 n* F2 V7 o0 }
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.
( x5 W3 ?+ Y9 i% O- [
, J. s( b4 ?. {"There just won't be enough houses to sell," she sighed.
0 x3 [2 k' [! C2 H* {* ^$ O
C$ b8 a( z* i7 bCanada Mortgage and Housing Corporation senior analyst Richard Goatcher was also talking a good-news-bad-news scenario at the board meeting. 1 T$ `% b1 U( T% v
) T2 ~0 L, {% O$ J+ Z' [ o
"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." - ]4 i. a% C1 {! e! p
* Q% @' E; O) e7 y; E0 ^Still, 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. 0 M h2 b$ r, P+ V0 ]0 Y6 f7 q
4 y/ v/ B. S$ H* T( @7 X# v; U
"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. ( n5 r9 S: h0 \' q* I3 `" O+ r
* p. e, t9 L: T; \ F$ a
"There are too many shortages in the system," he shrugged. , T5 I& |) h7 _; [# E4 _# v
0 j0 V# e1 i* E( X8 J7 M"But it's still going to be very, very strong," he quickly added, with the average new-home selling price ramping up by 20%.
2 u' p' K) R# G4 N; r' ?9 p9 Y' w7 y' I/ {- c
NO PRICE BOOM REPEAT ) k6 ^; v) n1 m( x& M: ~. `8 F: |
; u# B# R$ e7 B! ^5 d
He also doesn't see a repeat of the 2006 price boom in the resale market, which he described as "unsustainable." / t5 E! w: w9 T. @ f
* v- p/ Z& ?3 B! z
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. # v W! a( u& W' W
- B/ @4 M. F' \) j1 S9 Q1 Z$ f' l& ?3 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. ( ~: x& Q8 E7 I- Z9 l8 ?) [! }
! t1 e; v3 p; F8 a9 }+ P+ h. G
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.
7 ] R' W- T8 E3 F# p# I& w2 }' d3 V) X2 b
"Our growing presence in the marketplace is having a strong impact on the competition," Holowach winked.
8 w: b$ x v O) K7 h9 D: P
) Z, q0 T: K6 {$ ^. ^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. - K1 J; d+ g2 k, _0 m
2 M5 S* H& Y) ^' }# o$ k4 G0 _( `2 uYesterday ComFree was still claiming 30% share of the residential market. And "commissions saved" of $82 million from his sell-it-yourself operation. Which, of course, is what the battle is really all about. 8 K- ^# A( F. I9 T
! D& q7 l& L/ ^: U# p
"We do 95% of the sales in the real estate market," Pratt countered.
) B* G9 P3 G' j! @* S$ s) }! }& @" [- v( x; O
Let the good times roll.
( n' q& S! g4 n6 K4 n! {/ C& ^, U/ P9 S* I- |/ ~# P3 [
Previous story: Bottom Line
) ^+ ?2 _5 Q" _) B: _7 bNext story: Building permits hit record
/ q3 T5 n8 q( ]
9 v- R, k' A% |$ |4 B! H, ?0 J/ |1 b
/ {8 ~% p# p' H7 \
+ K2 l( T( |) F7 k! ]
9 T! j' J( U; o3 ^+ G 5 ?5 @; M; W$ K0 ]
% l. }+ C3 k( N
6 E2 S. z% S' n4 p& k6 d 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
( R( m6 {; u5 z: L. \ 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. : Q N2 `& a5 y' ~/ U. v9 D
& _: F4 B# z6 W; ^8 s- y; d& Y: c) \3 E& a
+ R- z; ~* i+ ~4 K! o! h9 y# n6 g! X ~
3 S/ f. ^+ [6 a3 i. d
4 n3 P+ l z9 E; u2 s/ j) t( Z) GSend a Letter to the Editor
4 y' b6 g/ d+ \+ }+ D$ lCANOE home | We welcome your feedback.- v; h0 ?: }. |8 u- j
Copyright © 2006, Canoe Inc. All rights reserved. Test |
|