Canada
Vancouver property taxes hiked 2.2% CBC News 21.12.2010 | REITs on verge of major legal changesTIM KILADZE The Globe and Mail 18.12.2010 |
 Vancouver taxpayers will see their property taxes increase in 2011 after city councillors approved a 2.2 per cent increase at a meeting Tuesday night, exceeding the two per cent cap they hoped to keep on the hike. |  The management teams at Canadian REITS must be smiling wide today after the Department of Finance came out with its proposed amendments to the Real Estate Investment Trust rules. The current set is quite stringent. At the moment, REITs cannot hold any ‘non-qualifying’ properties in their portfolios. |
Vancouver real estate sales up in November CBC News 06.12.2010 | Inside Toronto's House of HorrorDON PEAT AND TERRY DAVIDSON QMI AGENCY 30.11.2010 |
 Vancouver-area residential home sales improved in November compared to the previous four months, says the Real Estate Board of Greater Vancouver. |  TORONTO - It's the worst neighbour they've never had. Rob and Laura MacNeil were shaking their heads last week when the empty Toronto Community Housing Corporation (TCHC)-owned house next door, was broken into - yet again. It's the fourth time in almost four years the locks have been busted open. |
Vancouver residents could face two-per-cent property tax hikeANDREA WOO The Vancouver Sun 27.11.2010 | |
 Vancouver residents could face a two-per-cent increase in property taxes next year to help balance the municipal books. The city's total operating budget for 2011 is projected to be $1.02 billion, up six per cent from last year. |  A strong domestic economy and relatively modest retail rental rates have hiked demand for retail property in Canada, with U.S. companies lining up to try out a market that's stronger than the faltering one at home. |
Bouncy castles: Toronto's property market keeps going The Globe and Mail 07.11.2010 | Canadian REIT profit tumbles The Globe and Mail 03.11.2010 |
 Among real estate agents, the talk was all about how restrained the bidding was – even though the house sold above the asking price of just under $800,000. The consensus among agents was that the house would likely fetch more, says Theodore Babiak of Royal LePage Real Estate Ltd., who represented one of the competing buyers. |  Canadian Real Estate Investment Trust (REF.UN-T32.580.220.68%) says its profit slipped 30 per cent during the third quarter as it booked less income from operations. |
How realtors gauge the housing market The Globe and Mail 30.10.2010 | Manulife buys Toronto office property The Globe and Mail 30.10.2010 |
 Gregory Klump spends his days studying the housing market as the chief economist for the Canadian Real Estate Association. I visited him last month in the association’s Ottawa offices, since I was in town and working on a series about housing. Here is a transcript of the interview, in which we bicker about whether reporting average sale prices each month is helpful or not. |  Manulife Financial Corp. (MFC-T12.91-0.09-0.69%) has stepped heavily into Toronto’s office market, investing $82.2-million to buy a 12-story building in the city’s financial district. |
Canada's real estate overpriced: survey CTV News 28.10.2010 | Halifax property combed for evidence in murderDAN ARSENAULT The Chronicle Herald 21.10.2010 |
 Canadian house prices are overvalued, but not as much as those in Australia, Hong Kong or France, according to a new worldwide survey. |  Forensic identification officers dug up the ground Tuesday in front of Halifax’s latest murder scene. Working in an organized grid system just off Jarvis Lane, they ripped up 7.5-centimetre-thick chunks of sod and placed them on grates to break them down, hoping to find evidence in the Saturday night killing of Donald (Ducky) Stevenson. |
Home sales fall 20% from record last September CP 17.10.2010 | Colombian Mines Joint Ventures Colombian Property with Eaglecrest Explorations Ltd. Market Wire 07.10.2010 |
 OTTAWA (CP) — Home sales fell nearly 20 per cent in September from a record level a year earlier as the economy weakened, the Canadian Real Estate Association said Friday. |  VANCOUVER, BRITISH COLUMBIA, Oct 05, 2010 (MARKETWIRE via COMTEX) -- Colombian Mines Corporation (CA:CMJ 0.90, +0.04, +4.65%) ("Colombian Mines", "the Company" or "CMJ") announces that pursuant to a binding letter of intent effective as of September 30, 2010, the Company has granted to Eaglecrest Explorations Ltd. |
MLS real estate deal 'may force out agents'Bruce Stotesbury Times Colonist 03.10.2010 | |
 OTTAWA -- Canada's housing market should return to "more normal" conditions this fall following a summer slowdown, a report from real estate firm Re/Max said Tuesday. |  Potential new rules for the housing market may force real estate workers to quit the sector, an expert said yesterday. The warning, from Saul Klein, Lansdowne professor of international business at the University of Victoria's business school, comes as some agents are having to take on second jobs to make ends meet amid declining sales. |
The end of Canadian real estate insanityGary Mason The Globe and Mail 03.09.2010 | Doom and gloom predicted for Vancouver house pricesKerry Gold CTV News 02.09.2010 |
 New York Times headline caught my eye the other week: Housing Fades as a Means to Build Wealth, Analysts Say. The article went on to report that, while most real-estate experts believe the U.S. housing market will recover from falling off the cliff, many also feel that home ownership will never again produce the rich rewards enjoyed in the second half of the 20th century. |  A new doomsday report warns Vancouver's housing market could be hit by a burst bubble -- and a drop in prices by as much as 30 per cent. |
 The Canadian Real Estate Association has voted for controversial changes to allow homeowners manage more of the home selling process on their own. | |
| Get each new article from Estates Report | |
| Get each new article from Canada |
