New listing inspections Re/Max November 21/2012

 Three new listings we looked at. 703 Chemong Ave, 1085 Yankee Line and 388 Jopling Lane

New name for Smith Ennismore Lakefield

I stopped today at the Smith Ennismore Lakefield office for the open house on the strategic plan and name change

The open house is open:

Nov. 20th from 3 - 6 pm
Nov. 21st from 5 - 8 pm.

You can vote for the new name at the open house or online (as i was told by staff). I could not find where online to vote but you can start here. Click Here. Let me know if you find it.

The new names that you can vote for are:

1. Bridgeland
2. Chemong
3. Drumlin
4. Lakeland or Lakelands
5. Mapleview
6. Portage
7. Shining Waters
8. Selwyn or Selwin
9. Terracrest
10. Trinity

While you are at the open house you will see some presentation boards displayed for the Strategic Plan. A lot of words on the boards but to a person that is not involved in the plan it makes little sense. A survey is provided on the Strategic Plan that is easily navigated. You can also do the survey at the open house or online. (again I was not able to find the page to vote)

I believe the name change will be announced early December. Click here to see all the name suggestions.

Quick update of our market in October 2012

According to MLS statistics, total numbers of sales in October 2012 is up by 15% over October 2011. Year to date we are still up 1% in number of sales and up 4% in total sales dollars from last year in the Peterborough area. Current number of listing including all categories in the area is 1851. This is down from a little over 2000 listings total in October 2011. Real lack of inventory of listings.

 

The Bank of Canada announced on October 23^rd, 2012 it is keeping kept its key policy rate at 1 per cent, where it has been held steady for two years. This marks the longest period since the 1950s that rates have been left unchanged.

The announcement was similar to those in September and July, including the bottom line that the Bank would still like its next move to be a rate hike. However, the Bank’s tone surrounding the timing and degree of such a move was softened, saying some “modest withdrawal” of current monetary stimulus – read small increase in interest rates– will “likely” be required “over time”.

 

On another note, I write and video great blogs on the market every few days. Check it out at    www.bradpsinclair.blogspot.ca or www.bradsinclair.ca. I also use twitter to pass on interesting      articles throughout the day that I have read in the papers Canada wide. Worth the follow @bradpsinclair.