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Home prices will drop less than expected, real estate group says

DERRICK PENNER THE VANCOUVER SUN 20.05.2009
Toronto real estate market recovers, but HST storm cloud looms

Just as Toronto’s real estate market begins to recover, realtors and home builders are worried Ontario’s new harmonized sales tax could send sales plummeting again.

Home prices will drop less than expected, real estate group says

A recent surge in real estate sales has caused the Canadian Real Estate Association to sharply revise its expectations for price drops in British Columbia.

A local realtor's two-per-cent solution

Gary Lamphier The Calgary Herald 13.05.2009
Group cuts forecast for drop in Canada home prices

TORONTO, May 14 (Reuters) - Canadian resale home prices will likely fall 5.2 percent this year, less than earlier forecast, and April sales activity trended higher, the Canadian Real Estate Association said on Thursday.

A local realtor's two-per-cent solution

Clients pay half the usual commission, get 1% cash back

Housing starts improve

Delon Shurtz Lethbridge Herald 13.05.2009
Housing starts improve

For the third month in a row single-family housing starts have increased in Lethbridge and surrounding area.

New housing starts down compared to 2008 both here and on Island

The Canada Mortgage and Housing Corporation (CMHC) reports that 125 housing starts were recorded across urban Vancouver Island centres in April, a slight increase from the level recorded in March, but well below the level of new construction observed, 588 starts in April 2008.

Calgary CMA housing starts projected to slide 61% in '09

Mario Toneguzzi Calgary Herald 13.05.2009

Building stats show decline in housing starts

Yvon Gauvin Times & Transcript 12.05.2009
Calgary CMA housing starts projected to slide 61% in '09

Housing starts in the Calgary census metropolitan area are forecast to fall by more than 61 per cent this year compared with 2008, due in most part with a declining condo market, says a report by the Altus Group.

Building stats show decline in housing starts

A significant spurt in housing construction starts in Fredericton last month helped keep pace with April 2008 figures, according to the Canada Mortgage and Housing Corporation preliminary report released yesterday.

Genworth to Sell Minority Stake in Canadian Mortgage Insurance Business in IPO

US-based Genworth Financial has announced that it plans to sell a minority stake in its Canadian mortgage insurance operations in an initial public offering in Canada, subject to customary regulatory reviews and market conditions.

Canada housing starts reverse in April, fall 20 pct

Canadian housing starts fell 19.9 percent in April from March, returning to a downward trend that began last year, largely on a sharp drop in construction of condos.

New housing prices for Regina up year over year

Annie McLeod Leader Post 12.05.2009

Housing starts off 88% from '08

The Star Phoenix 12.05.2009
New housing prices for Regina up year over year

While new housing prices in Regina posted a double-digit increase in March, compared to the same month last year, the prices from February to March this year were flat, Statistics Canada said Monday.

Housing starts off 88% from '08

Saskatoon-area housing starts fell again in April, dropping 88 per cent from the same month of last year, Canada Mortgage and Housing Corp. (CMHC) reported Friday.

Canada Real Estate Forecast

Homesgofast 05.05.2009
New home prices decline in March.

Prices for new homes fell for the sixth straight month in March, led by declines in Western Canada, as the country's real estate market continued to weaken amid the economic downturn.

Canada Real Estate Forecast

The Canadian Real Estate Association (CREA) recently released its predictions for 2009-2010, and it expects Multiple Listing Service (MLS) sales to decline in 2009 before rebounding in 2010. The organization does not use properties sold by the owner or through private listings in its estimates, but the trend is similar to what is being seen across the border in the US.

Calgary home prices drop steepest in Canada

Mario Toneguzzi Calgary Herald 04.05.2009
Housing market thawing but sales still down

Canada's frozen housing market is beginning to thaw due to rising demand and fewer new listings, according to a new report from Scotiabank.

Calgary home prices drop steepest in Canada

CALGARY - Calgary led the country in February with the steepest decline in house prices, according to a national report released Wednesday.

Real estate: Is this a buying opportunity?

Andy Holloway Canadian Business 04.05.2009

Social housing gets $69m boost

Bill Power The Chronicle Herald 04.05.2009
Real estate: Is this a buying opportunity?

Prices are low. Money is cheap. But real estate investors still need to be mindful of where they are putting their money in this climate of uncertainty as we wait for the housing market to rebound.

Social housing gets $69m boost

Critics: Funds unspent, strategy lacking

City to trim capital projects

Kim Guttormson Calgary Herald 04.05.2009
 
City to trim capital projects

Revenue decline forcing $89m in budget cuts

 
 

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