Regina, SK (Grassroots Newswire) 07/07/2009 — Regina real estate broker/owner Loretta Hughes is only one of two Canadians to be invited to be a ‘Break-Out Session’ speaker at the EXIT Realty Corp. International Annual Convention. Over 2,000 brokers and REALTORS are expected to attend the week-long convention in late September in Washington, D.C. They will come from throughout the United States and Canada.
“This is a great honour for Loretta, as it is something limited to only a handful of our International EXIT associates,” said Joyce Paron, Canadian President of EXIT Realty. “We’re all very proud of her.”
Loretta is the broker and owner of EXIT Realty Fusion, which has become Regina’s fastest growing real estate company since its inception just over a year ago. She is also the only Saskatchewan broker and one of only a handful of brokers in Canada to hold the designation of Eco-Broker, which she gained through an online course.
She will speak to the convention on why it is important to be “a green real estate company” and how to go about training staff and setting one up.
“Loretta is leading by example, setting a wonderful example in her initiative and commitment to make a difference in the real estate community,” said Paron.
“The environment has become something that is of major importance to the majority of Canadians,” said Hughes. “Buying a home is also a major investment and it just made sense to me that REALTORS should be infinitely aware of environmental issues that affect homes and home-buyers. Everything from furnaces to windows and in between all have some impact on the environment.”
Born and raised on the family farm in Pelly, Loretta has been in real estate for 16 years now and has amassed numerous sales awards and awards for community involvement. “Our company and our people truly believe in Regina and we involve ourselves in as many charity events as we can,” Hughes said.
The residential real estate market in Canada is improving with estate agents reporting improved sales and economists claiming that the worst of the slump is over.
Moishe Alexander, CFC CEO, presents these wonderful news.
Although January showed declining sales, figures every months since then have been upward. In Vancouver, for example, sales were down 59% in January from a year earlier but last month they were 17% above those in May last year.
Nationally sales have been increasing every month since February. In April sales on a monthly, seasonally adjusted basis jumped 11.2%.
‘The worst of Canada’s recession occurred through December and January of this year. Things were looking really bleak. It caused people to be cautious. Now, thanks to low mortgage interest rates and a slide in prices buyers are more confident,’ said BMO Nesbitt Burns senior economist Michael Gregory.
‘The worst is over,’ he said but added that it was still too early to talk in terms of a strong and robust recovery.
Bank of Nova Scotia’s senior economist Adrienne Warren expects more positive news for June. Most activity is among first-time buyers at the more affordable end of the market, she said. In Calgary, for example, 70% of re-sales in May were on property priced under $400,000.
‘First-time buyers are coming in to take advantage of the ultra-low interest rates we’re seeing right now,’ Warren explained.
The recent growth is due partly to pent-up demand from the end of last year, and observers said this could level off over the summer once that delayed activity has been satisfied, and as rising unemployment continues to temper consumer activity.
In some areas bidding wars are breaking out again. According to Pamela Allen, a Re/Max real estate agent in Vancouver, she is busier than she has been all year. ‘My last three buyers all lost their offer because they were in a bidding war,’ she said.