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Home prices across Canada show signs of topping out, real estate association says

OTTAWA — Canadian home prices appear to be topping out, according to a monthly survey from the Canadian Real Estate Association, Canada's largest realtor group.

Canadian residential real estate market activity up

National resale housing activity in Canada improved in February after having declined in January and increased 1.4% month on month, according to the latest statistics from the Canadian Real Estate Association (CREA).

Real estate as an investment? Look elsewhere

The Globe and Mail 17.03.2012
Real estate as an investment? Look elsewhere

As an active manager of stocks and bonds, we’ve always considered our biggest competitor to be the market indexes. Over time, our clients expect us to beat them. These days, however, we’re facing another formidable foe. It’s called real estate. Investors (young and old) have a significant portion of their net worth invested in their homes, and we’re seeing more of them consider adding an income property to their portfolio.

Canadian real estate is cooling but don't expect a collapse.

The banks have two pieces of good news for Canadian homeowners — real estate prices are expected to cool, not crash, and home ownership is becoming slightly more affordable.

Vancouver budget approved with 2.8 percent property tax increase

Vancouver city council passed the 2012 operating budget Monday night with a projected 2.8 percent property tax increase.

Ron Allan Hatcher was slapped with a one-year suspension for professional misconduct.

He was deceptive, dishonest and “grossly deficient.” He concocted “sham” deals. He “lied” to lenders.

Price cut moves Toronto lakeshore condo

SYDNIA YU The Globe and Mail 24.02.2012
Price cut moves Toronto lakeshore condo

The Action: Just 15 minutes west of Toronto’s downtown core, this one-bedroom plus den suite was quick to attract traffic once the price was lowered to $329,900. It sold within a week after that.

Software alliance connects intellectual property to cloud computing growth

Although Canadian cloud providers point to data privacy and security as the top reason that many businesses haven't adopted cloud services yet, a new Business Software Alliance study makes the case that stronger intellectual property laws are needed.

Towering Toronto

David Kaufman 17.02.2012

It’s been nothing but good news for Toronto’s frothy real estate market. After a decade of steadily rising property prices, 2011 was a near-record year for city residential transactions. Propelled by Canada’s booming, commodities-based economy, home sales jumped by more than 4 per cent while average house prices, now at C$465,412, increased by 8 per cent compared with 2010, according to the Toronto Real Estate Board.

Property sales dip in Greater Vancouver and Fraser Valley, climb in rest of B.C.

VANCOUVER -- While home sales in Greater Vancouver and the Fraser Valley dipped at the start of 2012, other regions across B.C. heated up, according to the British Columbia Real Estate Association.

Bedford real estate firm eyes Ontario

The Chronicle Herald 25.01.2012
Melissa Hart, 30, and her husband Brian Wolk, 33, have been trying to buy a home in Toronto for three years.

Melissa Hart is ranting. And what she has to say is both hilarious and heartbreaking for anyone who just wants what their parents and their grandparents had.

Bill McMullin, right, founder and CEO of ViewPoint Realty stands in front of the company's promotional vehicle in 2010 along with co-workers Mike Smith, left, and Mike Cairns. (ERIC WYNNE / Staff / File)

Two years in and more than 30 million pages of property information viewed later, ViewPoint Realty of Bedford has its sights firmly on the Ontario real estate market — but there are a few nagging details to overcome.

Some Canada property markets likely overvalued: BoC

Jeffrey Hodgson Reuters 23.01.2012

Moderate growth eases concern of crash in housing market

RICHARD BLACKWELL Globe and Mail 18.01.2012
Some Canada property markets likely overvalued: BoC

TORONTO (Reuters) - Some parts of the Canadian real estate market are "probably overvalued" and policymakers are monitoring to see if further steps are needed to cool it, the head of the country's central bank said in an interview broadcast on Sunday.

http://beta.images.theglobeandmail.com/archive/01363/web-for-sale-si_1363287cl-8.jpg

Canada’s real estate market is growing at a snail’s pace, reinforcing hopes the housing sector will glide to a soft landing instead of crashing.

The remains of cars at a dealership in Slave Lake, Alta., on Tuesday, May 17, 2011. A wildfire swept through the town of 7,000 destroying upwards of 40 per cent of the buildings. (THE CANADIAN PRESS Ian Jackson)

The province says for Slave Lake residents with destroyed property, the government will pay for their property taxes for the 2011 tax year. The funds are in part of the $50 million provided by the province to help residents get back on their feet.

Richmond property owners to get a tax break - Vancouver need not apply

Commercial property owners near Richmond’s Canada Line who got caught in a “hot zone” of frenetic land speculation will be getting a new tax break. But the same tax break won’t be coming for Vancouver landowners caught in the same situation.

Steady Canadian economy lures wealthy Chinese buyers

The Key, a Vancouver-based sales and marketing firm recently suggested there has been a wave of Chinese investors buying into the Vancouver and Toronto property market.

Kevin Lacey, the Atlantic director of the Canadian Taxpayers Association, speaks to a large crowd gathered at St. Margaret’s Community Hall about property tax assessments in Grand Mira South on Sunday. Joe Gillis, left, and Francis Gillis of the Cape...

GRAND MIRA SOUTH — The Canadian Taxpayers Association is backing a newly formed group in the Cape Breton Regional Municipality that’s lobbying municipal council to voice its support for the capped assessment program.

Balanced real estate market expected in 2011

Bill Doskoch CTV News 02.01.2011
 
Real estate agents say Toronto had a good year in 2010, but added that 2009 was a great year.

As you celebrate Christmas this year, the one small lump of coal in your real estate stocking is that your house's value probably didn't rise at the same pace in 2010 as it did the year before.

 
 

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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.