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Affordable housing on the way

The Niagara Fall Review 28.04.2009

Provincial real estate picture very bright

New Brunswick Business Journal 28.04.2009
Affordable housing on the way

Construction has begun on the first affordable housing complex in Niagara Falls in more than a decade.

Provincial real estate picture very bright

The provincial housing market defied national trends in March, posting a double-digit increase in home prices compared to last year, according to a New Brunswick Real Estate Association report released Tuesday. The average residential home price in the province jumped 11 per cent to $152,415 in March compared to a national drop of 7.7 per cent.

Want a five-year mortgage at 3.69%?

Barrie Advance 28.04.2009
Want a five-year mortgage at 3.69%?

The slumping economy has created a great opportunity for homeowners, says a local mortgage specialist.

Recession making housing more affordable: RBC

The global economic downturn is a mixed blessing for home buyers - if you're lucky enough to hang on to your job, you should be in a much better position to buy a house, according to a report released Thursday by RBC Economics.

Canada’s housing starts spring up in March

Daily Commercial News and Construction Record 28.04.2009
Canada’s housing starts spring up in March

How much of a fuss should be made over the fact that housing starts in the country jumped up from 136,000 units (annualized) in February to 155,000 units in March, according to the latest report from Canada Mortgage and Housing Corporation (CMHC)? Some, but not much.

Canada's resale housing sector created 202,000 jobs from '06 to '08, report says

The resale housing industry in Canada generated more than 202,000 jobs and an average of $22.3 billion annually in various economic spinoffs in the period from 2006 and 2008, according to a study prepared for the Canadian Real Estate Association by Altus Clayton.

Real estate realities: To buy or not to buy ...

Brett Popplewell The Star 28.04.2009
Ren Ramkhelawan, 27, in his newly purchased condo at Bathurst and Lake Shore, decided the time was right to stop "flushing rent down the toilet."

If Shakespeare's Hamlet were a 20-something living in Toronto today, chances are he'd be working on his first career. He'd have some inheritance in the bank, he might even be living in his mother's basement.

Colliers study finds rising commercial vacancy rates in Canadian cities

Canadian office and industrial markets are beginning to feel the full impact of the recession, with the first quarter of this year showing rising commercial vacancy rates, and a sharp increase in sublet space in some major Canadian cities, according to a recent report by real estate firm Colliers International.

Provincial real estate picture very bright

New Brunswick Business Journal 23.04.2009

New home construction plummets

Garry Marr Calgary Herald 23.04.2009
Provincial real estate picture very bright

The provincial housing market defied national trends in March, posting a double-digit increase in home prices compared to last year, according to a New Brunswick Real Estate Association report released Tuesday. The average residential home price in the province jumped 11 per cent to $152,415 in March compared to a national drop of 7.7 per cent.

New home construction plummets

New home construction fell for the sixth consecutive month in February, a pace even most economists didn't anticipate. The only bright spot is the sudden contraction could keep prices in check.

Canadian mortgage credit forecast to grow this year

Mario Toneguzzi Calgary Herald 23.04.2009

Sales of new homes, condos plunge

KATE HAMMER The Globe and Mail 22.04.2009
Canadian mortgage credit forecast to grow this year

Canadian residential mortage market in much better shape than U.S., says report by by the Canadian Association of Accredited Mortgage Professionals

Sales of new homes, condos plunge

Condos experience biggest decline as first quarter figures show a drop of 78 per cent over 2008

Canada questions real estate competition

Erik Pisor Inman News 22.04.2009
Veteran developer to head city's new real estate arm

Mayor David Miller's new corporation supposed to sell off or make better use of some of the city's real estate holdings, Build Toronto, has picked a long-time real estate developer as its chief executive officer.

Canada questions real estate competition

In March 2007 the Canadian Competition Bureau, the country's equivalent of the U.S. Federal Trade Commission and U.S. Justice Department's Antitrust Division, met with limited-service real estate brokers in the U.S.

Canada questions real estate competition

ERIK PISOR djc oregon 22.04.2009

Canadian Banks Avoided Mortgage Meltdown

Jeff Glor CBS News 20.04.2009
Canada questions real estate competition

In March 2007 the Canadian Competition Bureau, the country's equivalent of the U.S. Federal Trade Commission and U.S. Justice Department's Antitrust Division, met with limited-service real estate brokers in the U.S.

Canadian Banks Avoided Mortgage Meltdown

Two more U.S. banks were taken over by the government overnight. And while a number of this country's biggest banks reported improving conditions this week, some of their accounting methods have been questioned.

Rental suite can turn your home into income

Terry McBride Canada.com 20.04.2009

Canada's housing market shows signs of life

Jamie Sturgeon The Star Phoenix 20.04.2009
Rental suite can turn your home into income

Are you renting out part of your home to generate additional cash flow? Do you expect to make a profit? If so, you need to report your rent as income on Schedule T776 of your tax return.

Canada's housing market shows signs of life

Rock-bottom interest rates combined with some relief from Ottawa to pull the housing market out of its tailspin, industry experts said Wednesday — temporarily, at least.

Ottawa offers $2 billion in housing loans

Liz Monteiro The Record 20.04.2009
 
Ottawa offers $2 billion in housing loans

The federal government is offering $2 billion in low-cost loans to municipalities building social housing.

 
 

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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.