CREA Releases September 2013 National Home Sales Stats
According to the Canadian Real Estate Association (CREA) national home sales statistics for September 2013, national home sales in the MLS system were up by 0.8% from August to September. About 75% of the local markets saw an increase in sales in
Are we all actually real estate addicts?
Interesting read by Ian McGugan in the Globe and Mail’s Report on Business this week: “Face it, Canada — you’re a real estate addict, and no one wants a cure.”As the percentage of Canadians who own their own homes hits 70%, the majority of the population
Mining Company Plans to Move Whole Town in Sweden
Okay, so everyone recently heard about the $55 million condo deal in Vancouver, which has been referred to as the biggest real estate deal in Canadian history. Sure, that’s an expensive move for someone (potentially a Middle Eastern prince), but how
There were over 6,600 new low-rise sales in Brampton last year!
New low-rise sales in the Total Market Area (TMA) are off to a great start for 2016, according to Trimart Research Corporation’s latest report. The fact that the Bank of Canada maintained its overnight rate at 0.5% and has forecasted that the Canadian
Reid’s Heritage Homes is the first to complete a Net Zero Energy home in Canada!
(L-R) Blake Seeberger, Senior Vice-President, Residential, Reid’s Heritage Homes; Bob Finnigan, First Vice-President, CHB;, Andy Goyda, Canadian Builder Lead and Market Development Manager, Owens Corning Canada; Tim Blevins, President, Reid’s Heritage
Does Toronto share the same fate as the Vancouver housing market?
The Vancouver housing market has hit a crisis — and no, not just with prices. A confluence of factors including those ridiculous prices, outdated residency rules, vast and growing wealth in China and the relative stability of the Canadian economy are
CMHC Predicts Soft Landing for Housing Market
The Canada Mortgage and Housing Corporation (CMHC) released its second quarter 2014 Housing Market Outlook, Canada Edition, highlighting their forecasts for 2014 and 2015 housing starts, and MLS average prices and sales figures.The CMHC expects Canadian
It’s still a good time to buy a new home in Canada
“Global investors fleeing volatility are taking refuge in an unlikely place: a Canadian housing market that some speculators are still betting is a bubble ready to pop,” reads the lead paragraph from a recent Globe and Mail story about global investors
Mattamy to Purchase Monarch in the New Year
On December 16, 2014, Mattamy Homes announced that they are purchasing Monarch Corporation, the Canadian division of US builder Taylor Morrison Home Corporation. The purchase price will be determined by Monarch’s December 31, 2014 balance sheet, but is
CMHC Housing Starts for December 2013
The Canada Mortgage and Housing Corporation (CMHC) released its first report of 2014, focusing on December 2013 housing starts.Last December, Canadian housing starts were trending at 195,760 units, compared to 196,430 in November. This is a six-month
