Sales out­look bright­ens na­tion­wide

Calgary Herald - Calgary Herald New Condos - - New Condos - — Kathy Mc­cormick GARRY MARR

TWant to dec­o­rate your new place in a way that will cre­ate in­ter­est?

Check out Deb­o­rah Wec­sel­man De­signs, a re­fresh­ing ap­proach to home decor that com­bines min­i­mal and ec­cen­tric de­signs by mix­ing dif­fer­ent eras, styles and feels in a so­phis­ti­cated way.

Wec­sel­man’s goal is to trans­form spa­ces into invit­ing, yet lovely, en­vi­ron­ments that re­flect a per­son’s needs and way of life. A few tips to help un­lock per­sonal style:

Fur­ni­ture should come in ba­sic forms — squares, rec­tan­gles or cir­cles. The cleaner, the bet­ter.

This is done by adding pri­mary-shaped fur­ni­ture to keep the space clean, which al­lows ab­stract adorn­ments that will not cre­ate a busy ap­pear­ance.

By us­ing taupe, beige, cream, grey, black, white, or brown can­vases, the spa­ces can then be livened up with bold home ac­ces­sories such as bright yel­low paint­ings or royal blue vases. Un­ex­pected pops of colour add per­son­al­ity to any space.

For ex­am­ples, visit he Canadian Real Es­tate As­so­ci­a­tion says it ex­pects 2011 to end up be­ing a year of ris­ing sales, re­vers­ing its pre­vi­ous call on hous­ing sales to slow.

The Ot­tawa-based in­dus­try group, which rep­re­sents about 100 boards across the coun­try, now says there will be 450,800 sales in 2011 — nearly a one per cent in­crease from a year ago. CREA had been fore­cast­ing a de­cline of one per cent.

Van­cou­ver’s pric­ing en­vi­ron­ment con­tin­ues to im­pact the coun­try as it helped pushed CREA’s fore­cast for the av­er­age sale price in 2011 to $363,500, a 7.2 per cent in­crease from a year ago.

The group now ex­pects 2012 sales to be down less than one per cent, while in 2012 prices are fore­cast to be flat.

“While there had been some talk of po­ten­tial in­ter­est rate in­creases, that hasn’t hap­pened,” says CREA pres­i­dent Gary Morse.

“In fact, rates have ac­tu­ally come down, and are now ex­pected to re­main low for the re­main­der of this year and into 2012.”

The new fore­cast comes on the same day as July num­bers from CREA showed ac­tual sales across the coun­try were up 12.3 per cent from a year ago. Year-to-date sales are 1.6 per cent lower than a year ago.

The na­tional av­er­age price for homes sold in July 2011 was $361,181 — the low­est level since Jan­uary — but up 9.3 per cent from a year ago.

CREA said the in­crease was at­trib­ut­able to a short-lived de­cline in the av­er­age price fol­low­ing the in­tro­duc­tion of the har­mo­nized sales tax in Bri­tish Columbia and On­tario, and tighter mort­gage reg­u­la­tions ear­lier in 2010.

Chief econ­o­mist Greg Klump cau­tions not to read too much into the av­er­age price sta­tis­tics.

“Changes in the na­tional av­er­age home price are open to be­ing mis­in­ter­preted,” says Klump.

“They of­ten sig­nify changes in the mix of sales ac­tiv­ity across and within lo­cal mar­kets, rather than a ris­ing or fall­ing price trend for typ­i­cal homes in a spe­cific mar­ket.”


Cal­gary Her­ald Ar­chive

Home sales Canada-wide are ex­pected to show an in­crease this year.

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