Grand County’s real estate transactions Nov. 7-13 were worth more than $18 million combined.
• Lakeview Waterside West Condos As Built Unit 207, Bldg C and Garage Unit K, Bldg C – Jennifer Sears to Barbara Eaton, $753,000
• Legacy Park Ranch Lot 35 – Donald and Dianna Hutchison to Louis and Judith Neilio, $966,801
• SEC 10 TWP 2S R 75W Partial Legal – See Document – Serenity WP LLC to Bradley and Katie Kelley, $1,555,125
• Clubhouse Cabins & Village at Saddle Ridge Lot C32 – Parker Grandpre to Thomas Shepherd, $35,500
• Rabbit Ears Village Subdivision Lot 29 – Gardensun Holdings LLC to Colleen Clark and Alfred Poppitt III, $45,000
• Twin Rivers Condo Unit 4, Bldg Flora – Lucille and Harry Attick Jr, Traci Norris to Adam Tischler, $355,000
• Rabbit Ears Village Subdivision Lot 129 – Sheila Henderson, Jan Levy and Diane Dwire to Henry Schaffer and Diane Lekarczyk, $49,000
• Grand Lake Lot 13, Block 18 – 717 Grand LLC to Challenge Consulting Inc, $650,000
• Village Center Condominiums Winter Park Retail Unit 1, Bldg B-2 – Grand Mule LLC to CDA Winter Park Holdings LLC, $320,000
• Ridge at Elk Creek Lot 2, Block 3 – Webster Investing Inc. to David Yoo, $855,000
• Sunset Ridge Filing #2, Lot 7, Block 7 – Ingrid Lenz Harrison Revocable Trust to Linda and Mark Fedor, $1,585,000
• Willows at Grand Park Filing 2, Lot 30 – Kamp McCauley LLC to Hans and Sarah Johannes, $1,050,000
• Lake Forest 1st Addn Subdivision Lot 36, Block 1 – Terrell Thomas to Angela McAllister, $527,000
• Granby West Business Park Block 2, Lots 8, 9, 10 – Granby Industrial LLC to Kunkle Services LLC, $448,500
• Hot Sulphur Springs Block 1, Lots 1-6 – Steven and Sally Disciullo to Stacey and Anthony Rosacci Jr, $477,775
• Trail Creek Estates 2nd Filing, Lots 61, 63 – R46PY LLC to Thomas Satter, $135,000
• Rabbit Ears Village Subdivision Lot 30 – James and Eveling Kern to Rabbit Rock LLC, $67,000
• SEC 1 TWP 3N R 76W Partial Legal – See Document – Thomas Rehnberg to Michael and Julie Current, $350,000
• Crooked Creek Complex Unit R6 – Antonia Tsarnas to William Trautman, $329,000
• Grand Meadows Granby Lot 17, Block 2 – Holly Wood to Keith and Ann Sanders, $408,100
• Granby Business Center Unit G, Lot 2 – Paula Bolton Stewart to R J Ventures LLC, $300,000
• Grand View Highlands Filing #1, Lot 7B – Bradley Wikoff to Frederieke and Laurens Adriaanse, $665,000
• SEC 4 TWP 1S R 75W Partial Legal – See Document – Caitlin Gray O’Neill Trust to Kristy Kathryn Bois Oatman and Nathan Oatman, $694,000
• SEC 11 TWP 1S R 76W Partial Legal – See Document – Robert Drickey Living Trust and Sharon Erzinger Living Trust to Sherrie and Craig Swadburg, $1,290,000
• Wildacres Subdivision Amended 2nd Flg, Lot 4, Block 7- Todd and Cheryl Bischoff to Kathryn Anderson and Martin Rouelle, $805,000
• Village at Elk Track 2nd Flg, Grand Elk Ranch & Club Lot 40 – KGE LLC, Koelbel Company to Ryan and Bethany Moffat, $598,035
• East Mountain Filing No. 11, Lot 26 – Rendezvous Homes LLC to Stephen and Kelly Burns, $1,417,886
• Grand Country Estates 1st Addition TRT 56 – Sara and Beau Jennings to Ryan Ernest and Mike Caves, $155,000
• Granby Block 6, Lots 11-13 and Lot 14 Partial Legal – See Document – Brandon Davis to Beth Blanding, $425,000
• Soda Springs Ranch Filing 2, Unit A3, TRT E – Janet Gamez to Dianna Rossilini, $372,000
TORONTO – One expert predicts Ottawa‘s changes to mortgage rules will help spur demand among potential homebuyers but says policies aimed at driving new supply are needed to address the “core issues” facing the market.
The federal government’s changes, set to come into force mid-December, include a higher price cap for insured mortgages to allow more people to qualify for a mortgage with less than a 20 per cent down payment.
The government will also expand its 30-year mortgage amortization to include first-time homebuyers buying any type of home, as well as anybody buying a newly built home.
CIBC Capital Markets deputy chief economist Benjamin Tal calls it a “significant” move likely to accelerate the recovery of the housing market, a process already underway as interest rates have begun to fall.
However, he says in a note that policymakers should aim to “prevent that from becoming too much of a good thing” through policies geared toward the supply side.
Tal says the main issue is the lack of supply available to respond to Canada’s rapidly increasing population, particularly in major cities.
This report by The Canadian Press was first published Sept. 17,2024.
OTTAWA – The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down.
The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year.
On a seasonally adjusted month-over-month basis, national home sales edged up 1.3 per cent from July.
CREA senior economist Shaun Cathcart says that with forecasts of lower interest rates throughout the rest of this year and into 2025, “it makes sense that prospective buyers might continue to hold off for improved affordability, especially since prices are still well behaved in most of the country.”
The national average sale price for August amounted to $649,100, a 0.1 per cent increase compared with a year earlier.
The number of newly listed properties was up 1.1 per cent month-over-month.
This report by The Canadian Press was first published Sept. 16, 2024.
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
