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| Luxury housing sales surge forward | | Wednesday, May 16, 2012 | | The Canadian appetite for all things luxury continues to fuel demand for high-end housing, with first quarter 2012 sales well ahead of 2011 figures for the same period in most markets across the country, according to a report released today by RE/MAX. |
| Canadian Recreational Property Buyers Looking To Renters To Make Dream Of Ownership A Reality | | Wednesday, May 16, 2012 | | Toronto, ON, May 16, 2012 – A survey commissioned by Royal LePage Real Estate Services showed that intended recreational property buyers have different ideas on generating income from their properties compared to the actual decisions of those who are already in the market. Often, potential buyers will consider renting as a means to finance their purchase. |
| Canadian home sales edge higher in April | | Tuesday, May 15, 2012 | | OTTAWA, May 15, 2012 /CNW/ - According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity edged up by less than one per cent in April 2012. |
| Demographics make big city condos hot | | Thursday, May 10, 2012 | | On average, a home in Canada costs 84% more than in the United States right now. The national averages are $372,762 at home versus $203,100 south of the 49th parallel. One might argue that something has got to give. By analyzing housing starts in Canada, we can get a good indication of future trends in real estate. Warm weather throughout most of Canada was credited with being the catalyst for a very strong month of March in new homes. |
| Why condos keep getting smaller | | Thursday, May 10, 2012 | | It’s become a mantra among urban planner types: If cities like Toronto are to grow successfully, they must make more efficient use of space. Which partly explains the condo boom. Instead of opting for the kind of houses with big back yards favoured by their parents, new arrivals and the offspring of the existing population are sacrificing all that for affordability and (usually) a central location. |
| Builders unfazed by talk of Toronto's overheated market | | Wednesday, May 9, 2012 | | From his office, the chief executive officer of real estate developer Diamondcorp looks south toward the towers of the Toronto skyline. But what Stephen Diamond sees is the extended expanse of tree tops between his office and the downtown core. The houses beneath those trees are the reason the developer is comfortable making big bets on the city’s condo market. |
| CMHC shrugs off 'bubble' talk, defends role in debt financing | | Wednesday, May 9, 2012 | | It's not often a Crown corporation bangs its drum loudly, appears to question market sentiment and misrepresents the central bank’s monetary policy — all in the same day. Canada’s housing agency did just that on Tuesday, issuing an annual report that read like a defence of its business practices, and saying that despite concerns by Jim Flaherty, the Finance Minister... |
| Why condo owners need more protection | | Wednesday, May 9, 2012 | | Condominium owners need affordable options for settling disputes with developers and property managers, says a Toronto MPP who is pushing for legislation to give them better protection. |
| Building permits rise 4.7% in March | | Monday, May 7, 2012 | | House-building intentions continued to slow in March, but the construction industry as a whole still looked strong thanks to plans for new institutional and commercial building. |
| Is 'hot money' fuelling Canada's condo bubbles? | | Friday, May 4, 2012 | | The condo bubbles in Toronto and Vancouver are caused by foreign speculation and are making housing unaffordable and creating financial risk for the country in terms of government-insured mortgages. But there’s another issue of vital concern to taxpayers. There are three times more condo high-rises being built in Toronto than in New York City and seven times’ more than in Chicago. This boom is not the market at work, but is manipulation by “hot money” from abroad. |
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