The Canadian´s are coming, the
Canadian´s
are coming!
Are Colombia realty
companies ready to help?
Real
estate, around the world, has
become a very fluid
inter-connected investment
market. A few years ago
when U.S. home sales boomed,
each week, scores of Gringos (a
friendly term here in Colombia)
purchased apartments, houses and
small farms in popular cities,
such as Cartagena. Because of
her rich history, image of
pirates, romance, architectural
magnificence and Caribbean
beaches, Cartagena always been a
favorite for international
retirees and second home
investors. This
trend continues, as the "Baby
Boom" generation in the U.S. is
just getting started.
The second
most popular city for foreigners
is Medellin, which continues to
captivate buyers as they visit
and discover this dynamic and
beautiful: City of Eternal
Spring. Now that the U.S.
housing market is in a slowdown,
we´re finding that many
Canadian´s are cashing out and
investing a portion of their
profits here in Colombia.
Bienveniedos
Canadians.....you will love
Colombia!
NOTE: Many
Colombian realty companies are
discovering that real estate has
become an INTERNATIONAL
BUSINESS. American real estate
franchise companies are opening
offices throughout Colombia.
The one thing they all have in
common is: each office has at
least one agent who speaks
English. The hundreds of realty
companies, throughout Colombia,
who year-after-year remain "on
the fence" regarding catering to
the International Market....over
time, will close, or sell out to
more progressive realty
companies. The numbers of
Buyer´s from Colombia, and other
Spanish speaking countries, are
minuscule when compared to the
the millions of English
speaking Internationals who are
visiting and discovering true
VALUE, along with a great
LIFESTYLE, living and investing
in Colombia.
- - - - - - - - - - - - - -
Canadian Home Prices Rise at
"Astounding" Pace
July,
2007
Bucking
the trend in other previously
booming real estate markets,
Canadian house prices maintained
an "astounding" pace of growth
in the second quarter of 2007,
according to a new report that
suggests the price increases
will continue for the
foreseeable future.
Royal
LePage Real Estate Services
predicts that Canadian house
prices will climb by 9.5 percent
on average to C$303,000
(approximately $287,000) by the
end of the year, with the total
number of sales rising 8 percent
to more than 500,000 units.
"The
momentum from the year's
extraordinary start spilled into
the second quarter, compounding
typically busy spring market
activity and stimulating solid
price appreciations in almost
all regions of the country,"
Phil Soper, the president of
Royal LePage, said in a press
release. "The most profound
story in Canadian real estate
today is the extraordinary
interest that people across our
country continue to have in
buying and selling homes."
Average
condo prices climb 15% in second
quarter
By
category of home, the price of
standard condominiums gained
15.1 percent in the second
quarter from a year earlier to
C$238,784 on average, and
standard two-storey properties
were up 13.2 percent at
C$399,469, while detached
bungalows saw the largest jump
in prices with a rise of 15.4
percent to C$338,738.
The
biggest gains in house prices
occurred in the western
provinces where an influx of
workers has been spurred by the
region's booming commodities
industries, principally oil and
gas.
According to a recent report by
the Canadian Real Estate
Association (CREA), British
Columbia remained the most
expensive province in which to
purchase a home at the start of
the second quarter, with the
average resale price at
C$431,909, while Prince Edward
Island was the cheapest at
C$135,019.
In
Vancouver, British Colombia, the
average price of a two-storey
home is close to C$900,000,
while in Toronto the same kind
of property sells for just over
C$500,000.
July,
2007
MEDELLIN - ANTIOQUIA, COLOMBIA