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May 15th 2017
Home prices were up 1.2 per cent nationally in April but four markets showed above-average gains. The Teranet-National Bank National Composite House Price Index reveals that Toronto saw a 2.6 per cent rise; Hamilton was up 2.1 per cent; Victoria gained 1.5 per cent; and Halifax prices gained 1.4 per cent. There were also gains…
Published by Real Estate Professional May 12th 2017
The high home prices in Vancouver have spilled over into other municipalities in British Columbia, CMHC reports. Cities within easy commuting distance of Vancouver have been most affected but the agency’s report suggests others further out could also see price rises as buyers make a trade-off between distance to Vancouver and the home they can…
Published by Real Estate Professional by Justin da Rosa on May 3rd 2017
One outlying market continues to benefit from sky-high Toronto prices pushing buyers further outside the GTA. The London area recorded another record month for residential home sales in April, with a total of 1,220 homes sold – an increase of 14.2% year-over-year. “Since the beginning of the year, every month has achieved record sales. After…
Published by Real Estate Professional by Ephraim Vecina on March 6th 2017
Amid sustained fiscal and political instability across the world, Canada—and its real estate sector, in particular—remains an attractive “safe haven” for enterprising individuals and entities looking to bet on reliable, risk-averse investments. “Skittish capital is being driven to Canada,” CBRE Canada executive vice-president and executive managing director Paul Morassutti said last week, as quoted by…
Published by Real Estate Profession by Ephraim Vecina on March 6th 2017
Canada is one of four countries where loopholes in the law make it easy for corruption in the real estate markets according to a new report. Transparency International analyzed Canada, along with the US, UK, and Australia; and found several weaknesses in regulations and laws which allow money laundering and other issues related to luxury…
Published by Real Estate Professional by Justin da Rosa on February 1st 2017
Red hot housing market sees record condo sales in 2016. A total of 27,271 new condo units were sold across the Greater Toronto Area in 2016, up 34% year-over-year and breaking the previous record set in 2011. “The new condo market is experiencing broad-based demand that will carry forward in 2017”, Shaun Hildebrand, Urbanation’s senior…