“Some listings are vanishing from a strategic decision of waiting for an even a higher price later. Some are due to few newly built homes available to trade-up to, hence some current existing home owners are unwilling to list. Some could be related to fear of being unable to buy after selling,” says Lawrence Yun, chief economist for the National Association of Realtors.
Read more: http://www.cnbc.com/id/100512238
Video: http://tinyurl.com/ckkc3j5
The town of Peace River could see a new neighbourhood in the coming future on the west hill.
Last Thursday, Nov. 1, there was an open house at the Peace River Municipal Library with the proposed layout, otherwise known as the Draft Peace Ridge Area Structure Plan.
“My position at this time is to keep an open mind and do the due diligence of the best interest of the town and ensure it’s properly done. At first blush they’re doing all the right things and I can’t pre-judge until they do their presentation. It’s exciting and it’s definitely what’s needed in the future,” said Mayor Lorne Mann by phone to the Record-Gazette.
Read more: http://tinyurl.com/bpluxh5