Who says so ? Barbara Yaffe of Vancouver Sun: – Don’t bank on Vancouver’s real estate bubble bursting Is it a bubble? Is it a balloon? No, it is Canada’s real estatemarket, and it finally looks as though it may be losing some of its zip.Is it a bubble? Is it a balloon? No, it […]
Canadian housing starts and prices to stabilize in 2014 as demand slows
CMHC says so … Canada’s federal housing agency nudged up its forecast for housing starts and prices in 2014 and said sales and construction will be steady to higher in 2015 as an improving economy tempers the impact of rising mortgage rates. The view from the Canada Mortgage and Housing Corp suggests the nation’s once-roaring […]
Housing Market Fires Up Under Subzero Temperature
Toronto home prices surge, again ‘outpacing family incomes’ Toronto home sales edged down in the bitter chill of January, but prices surged, again throwing up red flags. Sales fell 2.2 per cent from a year earlier to 4,135 as new listings plunged 16.6 per cent, the Toronto Real Estate Board said Wednesday January price gains […]
Hot bidding war brings owner of a downtown semi-detached a cool $900,000
I won’t even consider paying $200,000 for this thing just a decade ago … I am serious. Anyway, TD Bank, IMF say Canadian real estate is only 10% overvalued The International Monetary Fund agrees, estimating Canada’s real estate is 10 per cent too expensive, according to an assessment of the Canadian economy released today. So, […]
Downtown fixer-uppers are selling like hot cake
$102,100 premium gets home on a popular west Toronto street 108 PALMERSTON AVE., TORONTO ASKING PRICE $699,900 SELLING PRICE $802,000 PREVIOUS SELLING PRICE $187,700 (1995) TAXES $4,128 (2013) DAYS ON THE MARKET Seven LISTING AGENT Kimmé Myles, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division The Action: Last fall, when homes were hard to come by on this popular downtown […]
Never mind what the groundhogs say, the real estate boom goes on …
Wiarton Willie sees shadow, forecasts 6 more weeks of winter Canada’s major prognosticating rodents provided a split decision on whether the country is in for an early spring or six more weeks of winter. Ontario’s Wiarton Willie emerged from his cozy den Sunday morning and immediately spotted his shadow, which according to groundhog folklore means […]