Toronto condo market meeting demand: expert KELLY LAPOINTE The perception that there are a lot of condominium units sitting fallow in the Toronto Census Metropolitan Area (CMA) is simply not the case, says the director of market research at Urbanation. “In terms of unsold inventory, the market still hasn’t strayed from historical levels of unsold. In […]
Hot Real Estate Market Makes Winter Feels Like Summer
Winter has yet to dampen GTA’s hot housing market Sales climb 18 per cent and prices up 10 per cent as of mid-December. Even winter hasn’t been able to cool down the GTA housing market. Sales were up 18 per cent and the average transaction price was up 10 per cent in mid-December over the same […]
CMHC will soon be privatized ?
How to privatize the Canadian Mortgage and Housing Corporation What began after the end of the Second World War as a government program to assist veterans reintegrating into peacetime society has morphed into a gigantic engine with a cap of $600-billion on its government-guaranteed insurance of residential loans. Financial Post got the details http://financialpost.com/ Meanwhile, Alex Rodriguez Is […]
6 signs your home could be a lemon
There is no flawless house. Each home, even a new one, has some issues. The trick is in spotting the really big ones before you sign on the dotted line. “People get emotionally attached to a house before they understand what the issues are with it,” says Kirk Juneau, a home inspector in the Bellingham, […]
Santa: 2013 has been good for Real Estate, and 2014 will be even better
Canadian 2013 home sales, prices look slightly stronger than expected: CREA Sales of previously-owned Canadian homes this year are turning out slightly better than expected overall, and 2014 will be even stronger, according to the country’s largest real estate association. The Canadian Real Estate Association’s 2013 sales projections have been increased slightly upward in Ontario […]
Montreal beats Toronto in unsold condos
This was originally posted to the Real Deal blog. Despite fears of investors driving Canada’s largest condo market into an overbuilt ghost town, there are actually more units sitting empty in Montreal than in Toronto, a BMO report says. “I was surprised,” said BMO senior economist Sal Guatieri. “I didn’t know it (the number of vacant […]