Ryan Hodgson

Homes sales for May in London, Ontario stayed steady. Thanks to record low interest rates, home buyers are purchasing at a steady rate, particularly first time home buyers. While the economy has taken a beaten in the manufacturing sector, overall it's steady enough and combined with the low interest rates, people are purchasing homes. It is not uncommon to see multiple offer situations if a home for sale is priced at market value or below market value in the first time homebuyer price range - $200,000 and under. The full market report can be read HERE.

In unrelated (yet related news) one has to wonder why the general population is completely unaware that private banking corporations own and run the Federal Reserve Bank in the USA. Yes, that is correct, private banks are in complete charge of the worlds supposed super power and have been for the past 100 years. And these mega rich and powerful banking families own major banking institutions such as Lehman Brothers, Citibank etc (remember last fall?)

Think about this for a second - it's KIND OF IMPORTANT . (And if you think I'm making this up because you haven't heard this on the 6 O'Clock news or in the newspaper, upon a little research you will find that this banking cartel own 100% of the main stream media you think is giving you the real news).

It's easy to find information on this with a simple search on your browser.

Creation of the Federal Reserve

AN ASTOUNDING EXPOSURE

How International Bankers Gained Control of America

Do your own search, your own research. As long as you ask some questions! Please don't be ignorant and think that this won't have a tremendous effect your future.

I'm going to keep this posting simple and not go into great detail. Since you are reading this I know that you have access to the Internet. I know that you have a search function on your browser. You are free to research, inquire, explore, confirm any information you want. You are free to question any facts or information presented to you. I not writing this to tell you what is fact or what is happening. I'm writing this so you will look at information and form your own questions and conclusions. As some of this information will come as a complete shock to people, it's important to keep an open mind and research, question, and confirm what is fact and fiction.

I would like to talk about the Central Bank. Boring topic you might be thinking. However, what you wouldn't find boring is who owns or controls the Central Bank. I'm talking about the Bank of Canada, Federal Reserve, Bank of England, and every other Central Bank that operates their nation's currency. News flash: the Government of Canada (aka you the citizen) DOES NOT OWN OR RUN the Bank of Canada. Ditto for the for the US govn't and the Federal Reserve, Bank of England etc.

So who runs, owns and controls the Bank of Canada? Answer: Private Banks. Yes, private banking corporations issue money, set interest rates, and control the monetary policy. When the Canadian government borrows money for whatever purpose, it does not print its own money and issue it. It borrows the money from the Bank of Canada - which is really a private banking cartel - at interest. To simplify things, the private banks print money out of thin air, "lend" it to the Government of Canada, and charge interest so you the taxpayer can pay for a debt that is impossible to pay off. What???

Now if you have read this far and this is the first you have heard of such a "scam" (cause that is what it really is) you are immediately questioning my sanity. You are thinking this is impossible, I'm just making this up, how could such a system be in place, this isn't what I learned in school or read in the news. Again, you have a wealth of information at your finger tips, research the topic, "google it" as they say, prove this to be wrong.

You can start Here: http://billtotten.blogspot.com/2009/05/bank-of-canada-tutorial.html http://www.members.shaw.ca/theultimatescam/The%20Bank%20of%20Canada.htm

Note: Concerning the Bank of Canada, it's a little blurry whether the international banking families directly own the BoC, or just use their immense influence to ensure the Government of Canada (YOU!) use their institutions. But they do! Illegally! (If you don't think they do, research who owns the IMF, World Bank, BIS who Bank of Canada follows their policy and direction and are currently in the process of implementing a world currency system)

However what is clear and documented and is not a secret is that the Federal Reserve - the most powerful financial institution we know - is privately owned by the "banking cartel" You can view the following video or search whatever source you would like - there is a tone of documented evidence proving this to be true. If this is true, stop and think about this for a second. (and maybe pause and think about what happened last fall)

To further the grand picture, if you would like a complete history of the banking families and their institutions and how they've shaped and impacted the world today you can view this video. 3 hours might seem long and boring but it might be the most important eye popping 3 hours you could spend. (There are condensed versions of this video available to view) Not to many people today know that a small group of families (lead by the Rothchilds) own or control all the central banks of the developed nations.

It is important to Grasp: Private Banking Corporations run Central Banks. Same banking families own and operation the world bank, IMF etc. NOT GOVERNMENT!

I shouldn't have to spell out the consequences of such a situation, the vast control and power into a small number of hands. As you begin to explore this reality, you only begin to see the enormous impact on the world today as we know it.

From a purely selfish point of view, the very least you should do is complain to have this system abolished, clear our nations debt and rid yourselves of most taxes including income tax - which was implemented to pay the interest on the Debt that was created illegally by these banking institutions forcing your own govn't to borrow from them (if you really simplify things, the income tax you pay goes directly to the banks and the banking cartel).

This is the greatest fraud of our lifetime and has been going on under our noses for generations. Please research this topic. If you are a skeptic, prove this to be wrong. I challenge you. Our nation and civilization are in a mega crisis and the general populous is completely unaware of what is going on even though it is staring you right in the face. (Upon "googling" it's easy to learn that this same "cartel" owns or controls virtually all of the main stream media ie why you haven't heard of this before, nor will you ever see it when you turn on the TV or read the newspaper) As you are likely aware, there is a huge push for a world government and a world currency (and it isn't your elected officials who are behind the push) Rather then being blinded by the propaganda you hear and see on TV and newspaper, please do your homework!

The results of April home sales are in and the London area proved to be very active. Detached home sales increased by 1.8% over April of 2008. This is very surprising stat - I expected the numbers to be good given the activity and interest I've seen generated over the last couple of months - but these numbers are very solid. Condos sold decreased 26% for April of 2008.

This continues with the theme I've reiterated over the last 6 months - London real estate market was in a good situation, is currently in a good situation, and will be in a good situation in the future.

I think we are closer to a neutral market now (split even between buyers/sellers market) then the buyers market we say in December for example. I'll have to crunch the numbers in a future post.

Below is part of the press release. The full release can be read HERE

Last month, 804 homes exchanged hands in the jurisdiction of the London and St. Thomas Association of REALTORS® (LSTAR), including 666 detached homes (up 1.8% from April 2008) and 138 condos (down 26.6% from April 2008). Year to date, 1,840 detached homes and 414 condos have been sold - down 15.1% and 26.9% respectively compared to the same period in 2008.

"April sales have increased by 20% over March - that's great news, especially in a tougher economy," says Joe Hough, LSTAR President. "We have now seen detached home sales move from being down 35% in January, down 30% in February, down 7.2% in March, and now they are up by 1.8%. The federal government incentives announced in the last budget, including the increase in the maximum withdrawal allowed under the Home Buyers' Plan to $25,000, and the First Time Buyer Tax Credit, have certainly influenced April's sales."

Hough says the average residential price is also improving. "Year-to-date for April 2009, the total residential average price is down 1.8% to $207,591, compared with a decline of 2.7% in March, 2.4% in February and 2.8% in January."

Real Estate home sale numbers are in for March. Homes sales were solid for London Ontario. They were down 7% compared to March 2008 - which is encouraging (If homes sales for the remaining 9 months are 7% less then 2008's numbers, that would be a decent year).

I've repeatedly said that home buyers took a couple of months off due to the uncertainty in the world markets. Once they see the area market is stable, and the weather warms up, home buyers are going to be ready to buy - particularly first time buyers. Historical low interest rates and a buyers market are hard to ignore. We are starting to see that activity now. Sales numbers for April and May should reflect this - they won't be 2008 or 2007 numbers - but no one is expecting them to be nor do they have to be for the real estate market to function at a healthy rate. Homes prices have slipped 2.7% year to date compared to 2008. It will be interesting to see how this plays out the rest of the year. My prediction is by the end of the year homes prices will be 1% to 3% less the 2008 prices. (CMHC recently predicted 0-1%) I think there will be enough buyers and sales to keep the market stable and to keep in check the increased amount of new listings available.

You can read the full market report HERE. The follow is some brief comments from the report:
Last month, 669 homes exchanged hands in the jurisdiction of the London and St. Thomas Association of REALTORS® (LSTAR), including 551 detached homes (down 7.2% from March 2008) and 118 condos (down 21.9% from March 2008). Year to date, 1,174 detached homes and 276 condos have been sold - down 22.6% and 27% respectively compared to the same period in 2008.

"Compared to January and February of this year, we are certainly seeing stabilization in home sales in LSTAR's jurisdiction," says Joe Hough, LSTAR President. "January sales for detached homes were down 35% and February sales for detached homes were down 30%, so to see March home sales for detached homes down just 7.2% is very encouraging."

Hough says the average residential price is also holding steady. "Year-to-date for March 2009, the total residential average price is down 2.7% to $206,944, compared with a decline of 2.4% in February and 2.8% in January, so we are seeing some stabilization there as well."

St. Thomas sales were up in March. "Compared to March 2008, sales of units in St. Thomas actually increased by 14.6%," says Hough. "But the average home price has declined by 7.2%." "Typically the Spring market we're moving into generates more activity, and this year there are the benefits from historically low mortgage rates and improved affordability in most markets," says the President of the Canadian Real Estate Association, Calvin Lindberg. "REALTORS® are reporting increased interest, especially from first-time homebuyers."

Mortgage interest rates in London, Ontario continue to drop. 5 year fixed terms can now be purchased at 4.19% or maybe a little less. These rates are at historical 50 year lows. A $200,000 mortgage over 25 years equals $1,070 monthly payments. A $150,000 mortgage is $805/month. If you wanted to do a variable mortgage, rates and payments are even lower. Free mortgage preapprovals can be done quickly with no obligation. To find out how much you can afford to purchase go HERE.

This is one of the reasons homebuyers are going to be purchasing homes in the spring market. Judging by activity at open houses (a lot of potential homebuyers are attending), and talking with buyers, the spring market should be fairly active. Many of these buyers will be first time buyers looking to get into the real estate market for the first time.