The Canadian Real Estate Association (CREA) published its monthly report on sales activity in Canada yesterday.  Sales of existing homes remain strong with sales volumes (dollar value) up 73% from November of 2008.

British Columbia and Ontario saw the largest Y/Y (year-over-year) gains at 165% and 77% respectively (dollar value). 

Vancouver led the way within Canada with an astounding 252%  increase in dollar sales volumes, Victoria was second at +116%, Toronto third (+105%) and Calgary fourth (+67%).

It is important to note that although the 437,507 homes sold through the Canadian MLS® system in the first 11 months of 2009 represents a 5% increase over the same period in 2008, those sales are still lower than the levels seen in the previous 3 years.

Details can be found in CREA’s November Report, and the Vancouver Sun.

Thanks for reading, as always, please contact us for all of your real estate needs in Victoria.

Sean

To our Clients, Friends and Colleagues

As we approach the end of the year, we realize this is the perfect time to tell you that one thing we treasure is our relationship with you. We hope that this holiday season you find yourself surrounded by loved ones, have peace in your hearts and wish you much success in the New Year!

The start of December brought with it sunny skies and the reality that 2009 is almost over.  As we continue to work through to the end of the year, we find ourselves reflecting on the prosperous year we enjoyed, not just locally, but nationally and globally as well.  It has been a time of growth through the strength and resilience of all.

In June 2009 we made a corporate move to the new offices of Macdonald Realty Victoria.  We are happy to report that our location in the “Humboldt Valley” has been a good fit for us bringing renewed energy in a thriving location.  Macdonald Realty has been in business for 65 years beginning in Vancouver and recently branching to other major western cities. 

As it is time to plan our 2010 goals, we intend to create an email campaign to provide clients and colleagues with ongoing local and national real estate information.

We wish to respect your privacy yet offer something of interest available at your finger tips.

We also have a blog on the website www.lesleefarrell.com that provides current and timely information as well.

Please stay in touch and let us know if we can help you in any way.

Happy Holidays to you All!

Leslee Farrell, Sean Farrell, Nanna Nielsen