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Condos VUE a hot spot for condo real estate
2011-05-18 09:41:00
Nestled in the middle of the triangle formed by downtown, the East End and the West Island, the area around Namur métro station is quickly becoming a hot spot for condo real estate.The Condos VUE project is located at the corner of Jean Talon St. and Mountain Sight Ave.The multi-phase development will consist of seven concrete buildings and take seven to eight years to build. Once it's completed it will house 900 units. Every building will be ten stories high and two of them will feature a commercial element incorporated into the first two floors. ...
 
Quebec foreclosure rates dropping
2011-05-14 08:39:00
The Gazette's panel of experts answer your questions on real estate. To ask a question, please email alampert@montrealgazette.com.The number of properties that went into foreclosure, or were seized by mortgage lenders because of non-payment of debt, fell by 15 per cent in Quebec last year to 2,356.That compared with 2,782 properties seized in 2009. The findings were reported recently by economist Paul Cardinal of the Quebec Federation of Real Estate Boards. ...
 
Toronto startups make the home-buying process easier
2011-05-04 13:44:00
Buying a house in Toronto is something I haven't cared to learn about until now. Sure, it's great to be educated about the home-buying process, but for me it was always depressing to learn about the sky-high condo prices downtown, where I want to eventually buy a property. So instead of researching mortgage rates and figuring out the difference between pre-construction and resale properties, I've been renting in ignorant bliss, slowly saving up for the elusive down payment.This spring when I realized that by George, I might actually have enough to buy a place this decade, I set out to learn as much as I could about the home-buying process. While researching, I discovered a couple Toronto-based startups that are making buying a home a simple process for potential buyers, both pre- and post- ...
 
Canada sees dip in housing prices, starts in July
2010-09-15 04:26:00
The price of a new home in Canada edged down in July for the first time in more than a year and fewer were built in August, evidence that a real estate slowdown seen this summer in the resale market is beginning to bleed into the new home sector.Statistics Canada reported that its new housing price index fell for the first time in 13 months, declining 0.1 per cent in July from its level in June. That reversed what was seen between May and June, when new house prices rose 0.1 per cent.Reinforcing that trend, the annualized rate of housing starts dropped three per cent in August compared to July, according to the Canada Mortgage and Housing Corp., to 183,300 from 188,900. Both single and multiple-dwelling starts dropped during the month. ...
 
Canada's Real Estate Market Continues Strong Rebound
2010-01-14 14:55:00
anada's real estate market continues to rebound, and property investment is quickly regaining its appeal, sparking a turnaround and driving housing sales and prices from Toronto to Montreal and Vancouver. The momentum from 2009's strong finish, spurred by attractive lending rates and renewed consumer confidence, should carry over to the first half of 2010. See the following article from Property Wire for more on this.Vancouver real estateVancouver, CanadaThe residential real estate market in Canada is expected to remain unusually strong through the first half of this year after a robust finish to 2009, according to a new survey.The stimulus effect of low borrowing costs has contributed to a sharp rise in demand that has driven activity to new highs, according to the report from Royal LePag ...
 
Avison Young releases 2010 national real estate forecast for U.S., Canada
2010-01-13 14:28:00
anadian real estate market fundamentals, though shaken, remain relatively intact while U.S. markets continue to shoulder the brunt of the downturn with recovery expected to be longer and drawn outCHICAGO, Jan. 13 /PRNewswire/ - Recessionary headwinds took their toll on real estate markets on both sides of the border in 2009, with the U.S. continuing to shoulder the worst of the storm. Now several quarters into it, the Canadian real estate sector has not been entirely immune, but appears to be weathering the downturn thanks to relatively sound, though shaken, market fundamentals.These are some of the key trends noted in Avison Young's 2010 National Forecast, released today. The annual report covers the Office, Industrial, Retail and Investment markets in 13 regions: Chicago, Washington, DC,...
 
GTA housing market quickly shook off the recession
2010-01-10 16:17:00
When you look at GTA housing prices and sales statistics, it's almost like there had never been a recession.As 2009 wound down, homebuyers were partying like it was late 2007, which illustrates the V-shaped path the market followed when the recession started to bite in the fall of 2008.The recession is generally considered to have started in October 2008. For that month, the Toronto Real Estate Board (TREB) reported that GTA sales were down 35 per cent over the same period in 2007.Toronto average home prices were down 13 per cent over the same period in October 2007, while 905 homes prices declined about eight per cent. ...
 
Vince Vaughn marries Canadian real estate agent
2010-01-07 15:44:00
Sorry ladies, Vince Vaughn is off the market (and is now half-Canadian!).Full report via Reuters:Hollywood actor Vince Vaughn wasn't a gatecrasher at a wedding last Saturday -- he was the groom.Vaughn married his girlfriend of two years, Kyla Weber, in a small, private ceremony outside his hometown of Chicago on Saturday, according to People magazine.A representative for the actor, who starred in the movie "Wedding Crashers" in 2005, told the magazine that Vaughn, 39, proposed to Weber, a 31-year-old Canadian real estate agent, last Valentine's Day.It is the first marriage for both Vaughn and Weber. Vaughn, whose film credits also include "Fred Klaus" and "Four Christmases," previously dated his co-star from "The Break-Up," actress Jennifer Aniston.Read more: http://network.nationalpost.co ...
 
How To Buy Real Estate In Canada
2010-01-05 13:38:00
The Canadian property purchasing process closely resembles its American counterpart, with oversight and listing information provided by the Canadian Real Estate Association. Prospective buyers should factor in taxes and fees when pricing properties, including a Goods and Services Tax on new housing, Realtor and attorney charges and costs associated with land transfer and mortgage loan coverage. See the following article from International Property Journal for more on this.buying Canada real estateToronto, CanadaAnyone familiar with transactions in the United States won’t have any problem navigating the Canadian system. There are few restrictions on foreign ownership and the process is full of checks to protect both buyer and seller.In many ways the system mirrors the United States, with ...
 
Canada Housing Resales Climbed to Record in November
2010-01-03 13:51:00
By Alexandre DeslongchampsDec. 15 (Bloomberg) -- Canadian home resales rose to a record 46,450 units in November, as the housing market helped to pull the economy out of recession, a realtor group said.Seasonally adjusted sales in November climbed 67 percent from a year earlier, the Canadian Real Estate Association said in a statement.“The Canadian housing market remains on fire as the combination of low mortgage rates and still favorable buying conditions continues to spur buying activity,” Millan Mulraine, an economist with TD Securities in Toronto, said in a note to clients.The Bank of Canada has predicted growth in housing investment will stay “brisk until early 2010,” and then slow as pent-up demand is satisfied and affordability declines. The bank lowered its benchmark lendin ...
 
 
 
 
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