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The 60-storey Ritz-Carlton tower in Vancouver was scheduled for completion in 2011 before the project was suspended. (Holborn Group)

A Vancouver developer's plan to resume construction on a luxury high-rise building where work stopped last fall may be another sign that Vancouver's real estate market is picking up steam again.

Vancouver harbor

Canada's real estate market has held up better than their US neighbors, and more data suggests that they are already on the road to recovery. In May, year-over-year resale prices increased for the first time in a year and fear in the market seems to be waning. For more, see the following article from Property Wire.

CORRECTED - Royal LePage sees stable Canada home prices, sales

TORONTO, July 7 (Reuters) - Canada's housing market has bounced back sufficiently from an "awful winter" for prices and unit sales to stabilize by the end of the year, one of the country's leading real estate companies said on Tuesday.

Canadian property market showing recovery signs

The residential property market in Canada is showing signs of recovery but analysts are warning that it will be slow.

Housing sales report best June on record in Greater Toronto Area

Home sales in the Greater Toronto Area have rebounded in a big way after a brutal slump, increasing nearly 30 per cent since last June and heralding the return of a seller's market.

Brookfield could use renewable power sale to fund real estate investments: analyst

TORONTO — Brookfield Renewable Power Inc. is giving no specific details about how it will use $945 million from the sale of its Canadian business, but one analyst says the company may use the money to fund real estate investments and other "opportunistic transactions."

Real estate recovery expected to be tepid

Ka Yan Ng The Globe And Mail 03.07.2009
‘We should be less fearful than we were six months ago, but I don't think we should be exuberant yet'

The worst of Canada's housing market woes appear to be past but the sector's rebound will be tenuous as a rise in mortgage rates and high unemployment limit the recovery in prices and sales.

Victoria's real estate market is heating up again, proving the appeal of the region. Photograph by: File, Times Colonist

Victoria’s real estate market is officially hot again now that June sales numbers hit their third highest monthly level in recent years and single-family prices continue climbing.

Vancouver Island real-estate sales bounce back

DERRICK PENNER VANCOUVER SUN 03.07.2009
Nanaimo's modern waterfront. Of the six regions that make up the Vancouver Island board, Nanaimo saw the biggest pickup in sales. It saw 161 homes sold, a 45-per-cent increase from a year ago. Photograph by: Handout photo, Tourism Vancouver Island, Vancouver Sun files

Real estate sales on Vancouver Island in June bounced back from the lower levels of 2008, though prices remain below those achieved a year ago, the Vancouver Island Real Estate Board reported Thursday.

ANALYSIS-Tepid recovery seen for Canada's housing market

TORONTO, July 1 (Reuters) - The worst of Canada's housing market woes appear to be past but the sector's rebound will be tenuous as a rise in mortgage rates and high unemployment limit the recovery in prices and sales.

ANALYSIS-Tepid recovery seen for Canada's housing market

TORONTO, July 1 (Reuters) - The worst of Canada's housing market woes appear to be past but the sector's rebound will be tenuous as a rise in mortgage rates and high

Bentall 5 building (bottom, with clouds on top) has been sold to a German investment company for $300 million in Vancouver, B.C. Photograph by: Bill Keay, Vancouver Sun

VANCOUVER — British Columbia’s commercial real estate markets started their downturn long before the current recession began and have likely passed through the worst of times, a new report from Central 1 Credit Union said Tuesday.

Calgary home sales stage rally

MARIO TONEGUZZI CALGARY HERALD 24.06.2009
Calgary home sales stage rally

T he rebound in resale housing activity in Canada is being led by an increase in transactions in some of the most expensive markets in the country, which is skewing the national average price upward, says the Canadian Real Estate Association.

Radisson Hotels & Resorts Opens USD 24 Million Radisson Plaza Mississauga Toronto Airport

New Hotel Recognized by Eco Rating Program from Hotel Association of Canada

B.C. commercial real estate has survived worst of recession

DERRICK PENNER THE VANCOUVER SUN 24.06.2009
Bentall 5 building (bottom, with clouds on top) has been sold to a German investment company for $300 million in Vancouver, B.C. Photograph by: Bill Keay, Vancouver Sun

VANCOUVER — British Columbia’s commercial real estate markets started their downturn long before the current recession began and have likely passed through the worst of times, a new report from Central 1 Credit Union said Tuesday.

Canmore Three Sisters Mountain Village. Despite the economic downturn, many Canadians are still dreaming of owning a recreational property, both as a long-term investment and to enjoy with family and friends, says a national real estate report released today. Photograph by: Marty Hope, Calgary Herald

CALGARY - Despite the economic downturn, many Canadians are still dreaming of owning a recreational property, both as a long-term investment and to enjoy with family and friends, says a national real estate report released today.

It is time to lock in your mortgage?

Rob Carrick the globe and mail 16.06.2009
Canadian market improving

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.

It is time to lock in your mortgage?

Jas Grewal's reaction to the recent runup in interest rates was to abandon a sweetheart of a variable-rate mortgage in favour of a safer, but more expensive, fixed-rate mortgage.

 
Economists: Canada's Real Estate Market On The Road To Recovery

Toronto, Ontario (AHN) - Another positive report from the Canadian Real Estate Association for its May sales is expected by industry observers following a forecast by economist of recovery for the real estate market.

 
 

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