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Statistics |
| Unique Visitors: 40 |
| Total Unique Visitors: 323886 |
| Visitors Out: 3483 |
| Total Visitors Out: 3491 |
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| Westmount real estate |
| 2008-05-09 19:09:00 |
Top price of the year involved 55 Belvedere Place, one of the sections of the former Noah Timmins mansion which was split apart in 1962, which changed hands for $5.25 million, less than the other section of the massive building, at 65 Belvedere Place, which sold for $5.6 million in September, 2006. That price was the only sale above $4 million last year, with the next-highest price involving 4334 Westmount Avenue, corner Argyle Avenue, which sold for $3.8 million.The lowest price in 2007 was registered in the $379,000 sale of 6 Burton Avenue, the only sale last year below $400,000, while close by one of the new townhouses at 4860 St. Catherine Street brought the next-lowest price, $415,000. Both sales were registered in February. The Burton avenue sale was 15 per cent lower than its municipal evaluation, but that was not the biggest markdown of the year; that involved 4337 Westmount Avenue which sold for $900,000, some 26 per cent lower than its tax assessment.
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| Forecasting Toronto’s Real Estate Market |
| 2008-05-03 01:52:00 |
When looking at forecasts for Toronto’s Estate">real estate market, or any market for that matter, it’s important to understand that these predictions are only as good as the information that experts have at the time. Unexpected shocks or changes to the market can impact the accuracy of a forecast. For example, the introduction of 40-year mortgages had a significant impact on Toronto’s real estate market in 2007 (see my previous post, Extended Amortizations and Toronto's Real Estate Market: Real Opportunity or Bubble Booster?). Roughly 10,000 more people bought home...
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| 15 real estate myths and realities |
| 2008-04-29 02:18:00 |
The Vancouver Sun sought to challenge a few of the myths that a lot of people have, asking the research firm Landcor Data Corp. to put real data to confirming or dispelling those ideas.We consulted other experts, from appraisers to realtors and economists to answer our questions, such as whether renovating your kitchen gives you the best lasting bang for your buck, and whether the dramatic rise the Lower Mainland has seen in Estate">real estate prices has reached its peak."A lot of things surprised me," Landcor president Rudy Nielsen said in an interview about the experience of turning his research staff loose on some of The Sun's questions.
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| Areas north of Montreal seeing incredible residential boom |
| 2008-04-24 17:50:00 |
In 2006, when Manouk Alexanian decided to buy a condo, he quickly found himself priced out of Montreal."I looked around the downtown area for condos and the prices were high, sizes were small and the taxes were high as well," said the 29-year-old consultant. "But since my job is in downtown, I needed a fast way to get there."Rather than sacrifice space or convenience, Alexanian began to look north, in Laval, where prices were lower and a newly-extended métro line was set to open. After less than two weeks, he found a 900-square-foot apartment for $120,000, about two blocks from the de la Concorde métro, one of the three new métro stations that opened last year.
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| Prices of resale homes edged up in Canada last month |
| 2008-04-21 03:55:00 |
The average price of a resale home in Canada's major markets was $329,383 in March (up from $327,477 in February and $325,183 in January). That leaves the average sale price up 4.0 per cent from March of last year.For the first three months of the year, average prices realized through MLS sales were up 5.5 per cent from the first quarter of 2007. That's the smallest year-over-year price increase in seven years.CREA figures show that overall sales fell last month by 18.7 per cent from a year earlier, while new listings grew in the first quarter.
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| Toronto's Real Estate Market - Boring for the Next Couple of Years |
| 2008-04-17 04:59:00 |
CIBC World Markets economist Benjamin Tal appears to agree. From a Globe and Mail article last week:"It's the end of an era, if you wish," says Mr. Tal. "I think that the toronto Estate">real estate market will be more boring for the next couple of years — which may be a good thing."Mr. Tal says one key measure — unit sales as a share of new listings — is sitting at about 55 per cent right now. Last year, it was about 65 per cent.A range of 40 to 60 per cent is considered a balanced market, and Mr. Tal expects to see Toronto sales remain in that range. In fact, the percentage will likely to fall to 50 per cent or so, he predicts.
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| Report predicts slowdown in Alberta real estate market |
| 2008-04-14 09:41:00 |
CALGARY - A report released today by TD Bank Financial Group says housing starts in Alberta as well as the number of homes sold will retreat in the next two years as the country on the whole experiences a cooling trend in the residential Estate">real estate industry.Also the yearly pace of resale home price growth in the province will slow down substantially from the highs recorded in the past two years."A soft landing is anticipated," said the report about the Canadian housing market. "This moderation will reflect the fact that the past rapid price appreciation has eroded affordability and has encouraged additional supply from new listings and new home construction. A weaker domestic economy will also contribute to the cooling."
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| Investing in Montreal |
| 2008-04-11 17:46:00 |
A HALIFAX property developer is helping reshape the Montreal skyline and attributes increasing investor interest in the city to its annual Grand Prix and acclaimed jazz and comedy festivals.Richard Homburg just launched the $35-million Phase II of the 333 Sherbrooke St. E. luxury condominium project and at the same time unveiled an ambitious plan for the CN Central Station in the heart of the city that he scooped up last year for $355 million.The completed project will bring the Homburg Invest Inc. portfolio in Montreal up to the $1-billion mark.Mr. Homburg said in Montreal he will build two $150-million 24-storey office towers at the CN Central Station site to take advantage of a proposed new link between the downtown location and Pierre Elliott Trudeau International Airport at Dorval.
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| Toronto's condo market booms |
| 2008-04-08 18:52:00 |
Toronto - The housing market in much of the United States may be moribund, but in Toronto, something of a boom mentality still exists.In March, several hundred Toronto residents braved the cold to line up before the opening of the sales office of a new condo project. Certified checks in hand, they wanted to make sure they got their choice within Aura, a proposed 75-story residential tower scheduled to go up downtown.This isn't the first time condo sales debuts have drawn large crowds. In November 2007, speculative buyers waited patiently beside heat lamps to place deposits on another 80-story slab. Despite a last-minute price hike – apartments advertised for $2 million catapulted to $8 million – sales remained heavy.
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| Canada's housing market remains stable |
| 2008-04-04 16:21:00 |
Canada's real estate market stands on stable footing. On average, healthy year-over-year house price gains were recorded during the first three months of 2008. While more modest price increases were observed when compared to previous quarters, the solid appreciations noted in the first quarter are largely due to the shared effects of resilient local economies, high immigration levels, and relatively low interest rates - all leading to enduring buyer demand, according to a House Price Survey report released today by Royal LePage Real Estate Services.While almost all markets surveyed experienced price increases, it was the smaller cities, with relatively affordable housing and strong economies based on resource industries that emerged with the most significant gains. Thriving Saskatoon saw appreciation as high as 66 per cent, while areas in Newfoundland posted increases above 20 per cent for the first time since Royal LePage started tracking house prices.
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| Real Estate Boom In Canada Loosing Steam |
| 2008-04-01 00:35:00 |
The Conference Board of Canada is warning of "a lengthy slowdown" in Canada's residential construction industry with profits, already off 22 per cent in 2007, falling for the next two years.The longest housing boom in the post-war era is now "out of breath," following spectacular growth in the number of homes built and the prices paid for them, the board said in a report released Thursday. "Satiated pent-up demand and slower economic growth is leading to what is expected will be a long slowdown in the housing market," the report says.
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| Vancouver's hospitality boom defines a new sense of luxury |
| 2008-03-30 03:07:00 |
Just the other day, international supers tar chef Daniel Boulud was in town cooking a lunch rich with scallops, truffles and crispy roast piglet."Coming to Vancouver, I am very intimidated. And a little scared, too," says Mr. Boulud, who was offering local taste-makers a nibble of his first Canadian venture, DB Bistro Moderne Vancouver, which will open here in July. "This city is very vibrant with energy around food."You could say this city is very vibrant with energy around everything these days.
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| Canadians are wondering if the same fate awaits the real estate market |
| 2008-03-26 06:07:00 |
The U.S. financial sector has been rocked by subprime mortgages, which essentially provided a way into Estate">real estate for people who wouldn't qualify for conventional mortgages. But Turner told CTV.ca the real story is that housing prices in the U.S. got more expensive than Americans could afford.In Canada, real estate prices have essentially doubled in five years. Turner said he didn't think that was a "reasonable" increase.Over that period, household incomes have stayed essentially flat, he added.
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| Real Estate Authors from Canada |
| 2008-03-23 18:50:00 |
Hi, from Tam Tree, hope you like the Canada Estate">real estate news blog.I need real estate authors from Canada to help me coverage the areas of Quebec City, Calgary and Ottawa .Please send email if you like to participated in this effort. Thanks !tamtree@gmail.com
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| Toronto is set for its own housing collapse? |
| 2008-03-20 17:23:00 |
Not likely. The record sales reached in 2007 were largely due to the shock caused by the introduction of 40-year mortgages in Canada. Now that most of the home buyers who were sitting on the sidelines bought houses, sales volumes are expected to return to more sustainable levels. Another big issue is the slowing down of the Canadian economy, with experts now predicting that Canada will follow the US into a marked contraction. Ironically, one of the biggest dampeners on the Canadian housing market may not be the troubled US housing market per se, but related woes in the financial markets. The ensuing "credit crunch" has restricted credit globally, led to higher fixed interest rates and decreased affordability for all consumers.
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| InterRent REIT Announces April Distributions |
| 2008-03-18 00:13:00 |
TORONTO, ONTARIO InterRent Real Estate Investment Trust (TSX:IIP.UN) ("InterRent") announced today that its distribution declared for the month of April, 2008 is $0.0317, per unit, equal to $0.38 per unit on an annualized basis, representing an annual yield of approximately 11.5% based on the March 14, 2008 unit closing price of $3.32 per unit. Payment will be made on or about April 15, 2008 to Unit holders of record on March 31, 2008. At the close of business on March 14, 2008, InterRent had 18,064,095 units issued and outstanding, including class "B" units of InterRent Holdings Limited Partnership.
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| Canadian Housing at Least Affordable Level in 18 Years |
| 2008-03-14 22:48:00 |
(CEP News) Ottawa – Housing affordability is at its worst level in 18 years as a result of sound macroeconomic fundamentals such as job growth, says a report released from RBC Economics on Friday.However, the report also says most Canadian markets will see that lack of affordability improve in 2008 as price increases weaken, incomes grow and rates for popular five-year mortgages are reduced.“Housing affordability deteriorated across the country in every quarter in 2007, to end the year at its most unaffordable level since 1990,” said RBC assistant chief economist Derek Holt. “Back then, soaring interest rates and a recession sparked much of the trouble. Today, a long upward trend in house prices driven by sounder macroeconomic fundamentals, like job growth, is primarily responsible for the deterioration in affordability.”
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| Calgary condo-monium |
| 2008-03-11 17:28:00 |
Calgary Real Estate Board data lists the average MLS sale price for a single-family home at $471,696 last month, compared to $448,557 in February 2007. Average prices for condominiums were $311,812 and $301,812, respectively.Year-to-date, housing starts were 4% ahead this year, compared to the first two months of 2007. Still, the CMHC holds on to its prediction of a decline in housing starts this year, Louie said.CMHC forecast last month that Calgary housing starts would decline 19% in 2008. Housing starts in Alberta's seven largest urban centres decreased 20% from 2,338 units in February 2007 to 1,867.Single-family starts dropped 46% across Alberta, while multi-family starts rose 0%. Nationally, urban starts rose 42% from February 2007.
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| Real Estate In Victoria - Celebrities Building Green |
| 2008-03-10 04:54:00 |
When it comes to Estate">Real Estate in Victoria BC, “Green” is buzz word that we hear a lot these days. Many projects looks or have the image of being green, even going as far as posting their advertising in green colours.It is almost to the point that people think it is more “Prestigious” if it is built green.I think it is great if we can build green but at what cost and is it really help the environment? Electricity for example can generated via solar panels, heat and AC can be generated via heat pumps. Heat pumps are great for our climate here in Victoria, Vancouver Island, Vancouver and the lower mainland where our climate is more temperate. A recent article in the Times Colonist by Carla Wilson talks about how
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| Toronto is set to take the next step in transforming “some of the best real estate in Canada” |
| 2008-03-08 03:08:00 |
Waterfront Toronto is now turning its attention to two additional sections called Parkside and Bayside, worth about $1-billion, to the east of Dockside. The agency will release a “request for a qualifications” on Friday, in the hopes of shortlisting a team of developers and architects who will then be asked to submit a detailed designed proposal. A winner will be announced by the end of the year.Developers from as far away as the Middle East, Australia and the United Kingdom, along with local talent, have already expressed an interest in Bayside and Parkside, Mr. Campbell told reporters today.“We think this is probably some of the best Estate">real estate in C
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| $6.3 million for two Sherbrooke, Que., office buildings |
| 2008-03-05 15:06:00 |
MONTREAL - BTB Real Estate Investment Trust (TSXV:BTB.UN) has closed the acquisition of two office properties in Sherbrooke, Que., for $6.3 million.BTB said Tuesday it now has over $190 million worth of properties with 1.9 million square feet of leasable area.The Sherbrooke buildings - Place Jacques-Cartier 1645 and 1640-1650 King Street West - face each other on a major commercial artery, and total 60,631 square feet of leasable area occupied by Quebec government offices and various professional firms, and a 166-space parking lot.
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| Old is gold for Toronto-based trust |
| 2008-03-03 10:50:00 |
TORONTO real estate - A company that discovered its business strategy in adverse times, office landlord Allied Properties Real Estate Investment Trust offers a way to invest in the ongoing revitalization of city centres.The largest owner of brick-and-beam office buildings in Canada, Allied has a portfolio of 69 character-filled low-rises in downtown Toronto, Montreal, Quebec City and Winnipeg."This is very clearly a long-term play on urbanization," said Neil Downey, managing director at RBC Dominion Securities, which has an "outperform" rating on the units. "There's also something to be said for a company that can survive tough times versus one that starts up when things are easy."
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| Calgary real estate |
| 2008-03-01 03:16:00 |
In Calgary and Edmonton, the condo/house choice was more evenly split with 31 per cent opting for condos and 33 per cent for houses. Other options for individual Calgary and Edmonton women buyers were townhouses (23 per cent), duplexes/triplexes and fourplexes (10 per cent).Two thirds (66 per cent) of women in the Alberta cities cite wanting to get into the housing market as a reason for buying their first home, compared with an average 54 per cent of women respondents across Canada, says the Women and Home Ownership Poll.
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| Montreal Real Estate |
| 2008-02-28 00:18:00 |
Montreal continues to be beaten - badly - by the off-island suburbs. Young families and many of the most promising would-be taxpayers are hauling their stuff off island. The reason is simple. You can save a lot of money by living out there where the air is fresh and parking is never an issue.The average cost for a condo in Montreal last year was $241,000 while it was $175,000 in Laval. The average on-island home was $357,000, compared to $236,000 in Laval. The numbers were similar in the other off-island suburbs.
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| Canadian home prices doubled in past 10 years |
| 2008-02-25 02:29:00 |
The number of homes sold nationally rose over 57 percent to more than 500,000 last year from 331,092 in 1997."Never before have we seen such a continuous run up in Canadian real estate," Michael Polzler, an executive vice-president at Re/Max, said in a statement.Low interest rates, a robust job market, and strong consumer confidence were all credited as drivers. Immigration and domestic migration to tap Western Canada's booming economy also helped lift demand, the report said.
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| Toronto Real Estate Sales in February Fall 14% from 2007 |
| 2008-02-23 09:08:00 |
Montreal – The Toronto area has seen a significant drop in resale home transactions for the first two weeks of February compared to the same period a year ago, the Toronto Estate">Real Estate Board reported.The first half of February yielded 2,775 sales in the Greater Toronto Area, down 14% from the 3,240 recorded during the same period in 2007. The moderation was even more pronounced in the City of Toronto, which saw sales fall 18% to 1,066 compared to last February’s 1,308.
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| Toronto Real Estate Board Reports Sales Near 3,000 |
| 2008-02-20 15:15:00 |
Resale home transactions in the Greater Toronto Area declined in the first two weeks of February, Toronto Estate">Real Estate Board President Maureen O'Neill announced today.The first half of the month yielded 2,775 transactions, down 14 per cent from the 3,240 sales recorded in the same timeframe last year. The moderation in sales was more pronounced within the City of Toronto--down 18 per cent to 1,066 from last February's 1,308-than in the 905 suburbs, which saw transactions off 11 per cent.
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| Canadian existing home sales edge lower in January |
| 2008-02-17 16:37:00 |
"CREA had expected the growth in average price to slow in 2008, which is reflected in many markets. Sales levels are returning to what we would consider, on an historical basis, as more normal activity."Cities that saw fewer sales were Toronto, Calgary, London and St. Thomas, Vancouver, St. Catharines, Halifax and Victoria.
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| Calgary real estate market healthy |
| 2008-02-14 17:32:00 |
CALGARY - Canada's Estate">real estate market remains healthy despite the current credit situation that is reverberating out of the United States and the Calgary market continues to be an attractive one for potential investors, says a global report released today.DTZ Barnicke's "Global Views 2008" real estate report said 2007 was another strong year for investment activity as "investors, both foreign and domestic, continued to view Canada in a positive light.
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| Canada Real estate affordability to improve, experts say |
| 2008-02-12 02:57:00 |
In Saskatoon, the cost of a new house skyrocketed an amazing 45.1% in 2007, while prices were up 25.9% in Regina and 21.5% in Edmonton, Statistics Canada figures showed yesterday.Prices were up 4.1% in Montreal, 6.4% in Vancouver, 6% in Calgary and 3.4% in Toronto and Oshawa over the year.
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| Canadian commercial real estate 'green' |
| 2008-02-09 09:38:00 |
Overall, the composite score for all property types in Canada dropped slightly from the previous six-month period, declining to 85 from 87, still well positioned in "green" territory, Moody's said.Moody's Canadian Red-Yellow-Green report assesses the strength of the Canadian commercial Estate">real estate markets that support commercial mortgage-backed securities. The new report is based on data through June 30, 2007, the latest available.
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| US Recession and the Toronto Real Estate Market |
| 2008-02-05 18:01:00 |
The tanking of the US housing market might actually act as a catalyst for something good for us in Toronto. And it's not just good for the lucky few who already own property, it also could help those who will be jumping into the market for the first time this year.The US Fed has cut interest rates by a total of 1.25% in the past 10 days in an effort to stave off what some are calling an inevitable recession.
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| Canadians nervous about buying U.S. real estate |
| 2008-02-02 17:41:00 |
36 per cent of Canadians who own a winter recreational property or who are considering purchasing one cite they are more inclined to buy a property in Canada than in the U.S. because of the economic uncertainty plaguing our southern neighbours, says the 2008 Royal LePage Winter Recreational Property Report.The report says Canmore's ideal location on the eastern slopes of the Rockies surrounded by the mountains and a multitude of recreational activities "continue to make the area a coveted recreational destination."
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| Alberta real estate sales increased in 2007 |
| 2008-01-31 05:17:00 |
In December, though, the Estate">real estate market dipped in Alberta. Total dollar volume was down 15.6 per cent compared with December 2006 to $1.1 billion and total sales were off 24.3 per cent to 3,049 units. The average sale price, however, increased by 11.5 per cent to $354,290 while new listings also increased by 16.1 per cent to 4,192 units.
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| Canadian commercial real estate continues to show strength |
| 2008-01-28 05:30:00 |
Moody's Investors Service said Canadian commercial Estate">real estate remains strong and continues to outperform commercial real estate in the United States.In its latest Red-Yellow-Green (RYG) report for Canada, the ratings agency said each of the five market sectors in the country is "green", that is strong, and shows greater strength than its US counterpart, with the sole exception of the commercial retail sector.
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| Canada Less Vulnerable to Meltdown |
| 2008-01-24 02:07:00 |
Suspicion is arising worldwide as to the health of real estate markets after the subprime meltdown and weakening of the U.S. economy. However, Canadian real estate players are remaining confident that their particular set of conditions will help insulate the sector from a meltdown, according to an article in The Globe and Mail.With different owners, lower interest rates, and a more conservative use of leverage plus lower vacancy rates, the Canadian real estate sector is more solid, industry players say. Michael Smith, an analyst at National Bank Financial, told The Globe and Mail that there are "stronger hands with less debt now."
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| U.S. slowdown may boost Canada's real estate market |
| 2008-01-20 16:16:00 |
The prospect of a U.S. recession has some homeowners and prospective buyers nervous about the impact on the Estate">real estate market in Canada, but one economist says a slowdown could actually boost activity in Canada's housing sector.It's not surprising that economic uncertainty in the U.S. has been the focus of much discussion and speculation in recent days, since Canada has followed the American lead during four of the last six U.S. recessions.
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| Real estate hurdles expected in 2008 |
| 2008-01-14 19:03:00 |
This may explain why according to the Canadian Real Estate Association, MLS resale housing activity in Canada's major markets broke all previous annual records by the end of 2007. In many areas it was a sellers market with the residential average price rising 11.6 per cent. This, however, was not the case for our area.Windsor and Essex County proved to be a soft market in December 2007 with 179 properties sold, down 17.89 per cent compared to the 218 sales December 2006, however up 1.5 per cent (4,732) for year-to-date figures. December's average sale price was $159,261 with the year-to-date figure coming in at $166,196.
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| Canadian Apartment Properties Real Estate Investment Trust |
| 2008-01-12 17:21:00 |
Canadian Apartment Properties Estate">Real Estate Investment Trust of Toronto, Ontario announced today that CAP REIT has completed its previously announced conversion from a "closed-end" investment trust to an "open-end" trust.Unitholders granted the trustees the authority to convert from a closed-end trust to an "open end" trust, if and when they considered it desirable, at the annual and special meeting of the REIT's Unitholders on May 26, 2005. The trustees have determined that the implementation of the conversion is in the best interests of Unitholder
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