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Back last August the average sale price of residential property across the region came in at $695,328. And that price held pretty steady for three months: (August - $695,328, September - $695,205, October - $691,041). After peaking at $863,057 back in February 2022, the prices slid pretty steadily for the next 6 months up until August. It seemed that prices had bottomed out and were now pretty stable. But that was not the case. Beginning in November the average price began to soften again and this continued through January, which recorded an average all the way down at $627,561, a drop of almost 10%. But now, in February and March that downward trend has reversed, and gained back all those recent losses. March average came in at $694,280, a gain of $66,719 or 10.63%.

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In my last article, we discussed why you would want to make a will. In this article, we review the legal process for obtaining authority to handle an Estate. We also consider why it is important to your family and heirs that you prepare a will during your lifetime, even if you do not feel you have a lot of assets.

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Last month as you may recall we saw a significant drop in average sale price across the region compared to those recorded in December, down – 4.38% or $28,776. At the same time, however, we sensed a feeling of optimism in the marketplace.

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Whenever I teach the Money Machine seminars, send out video updates, or council investors, I encourage them to do an annual net worth statement. Basically, it’s a yearly report card of the strength of your assets and it’s easy to do

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March 2023 - Nuggets - R4

March 15, 2023

Every year, right at the end of February, RE/MAX International holds its annual convention. For many years, the location varied, always in the U.S., and always far enough south that it was below the snow line. But as the size of RE/MAX International grew, so did the size of the conventions. And with each growth spurt, the number of potential site locations dropped as there were fewer and fewer cities with the convention capacity to accommodate.

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I’m optimistic about the market for 2023 and beyond. You might wonder why looking at the sales figures for January. According to the numbers, we see that the average sale price across the Region came in at $627,561, which is a drop of $28,776 from December or 4.38%. That’s sizeable.

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When deciding to incorporate, it is essential to understand what is involved in the maintenance of your corporate records and filing obligations. Failing to file necessary documents can prevent you from obtaining ministry accounts, and could result in the involuntary dissolution and or fining of your corporation for non-compliance. This article reviews corporate minute books and discusses ways you can stay organized to ensure optimal performance for your corporation.

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