News

  • Legislation: Put that offer in writing by Vernon Clement Jones

    Investors told they face multiple bidders on a property could soon get that in writing and not just rely on the say-so of a Realtor.

  • Investors still facing bidding wars by Vernon Clement Jones

    A word to the wise – the wise investor that is: The underpricing strategy favoured by so many sellers in boom times is still in play across key markets.

  • The best of Canada's REITs by Vernon Clement Jones

    Not all men are created equal and neither are the darlings of Canadian investment – REITs. That at least is the conclusion of new market research by BMO Nesbitt Burns, attempting to sort the real estate wheat from its chaff.

  • Competition watchdog weighs further action against Realtors by Vernon Clement Jones

    Ontario’s competition czar is weighing its options before conceding absolute defeat following dismissal of an application to further open the MLS system to consumer eyes.

  • Montreal: Canada's hottest luxury home market? by Christopher Myrick

    A survey released by Sotheby’s International Realty Canada suggests foreign buyers are helping drive growth in luxury home sales across key Canadian markets, especially Montreal.

  • BoC maintains tightening bias by Christopher Myrick

    Cheap money will remain the norm in Canada, with The Bank of Canada Wednesday maintaining its benchmark overnight rate at 1% -- even as it alluded to an inevitable increase, despite a downgraded economic forecast.

  • Condo rentals surge as sales fall by Vernon Clement Jones

    Greater Toronto Area Realtors reported a 13 per cent rise in the number of condominium apartments rented through the MLS system in the first quarter, even as actual sales fell compared to the same year-ago period.

  • March real estate sales out like a lamb by Christopher Myrick

    National existing home sales were down 15.3% in March from a year earlier, although volumes edged upward on a month-over-month basis, gaining 2.4% over February, the Canadian Real Estate Association (CREA) said Monday.

  • Condo developers offer rent-to-own by Vernon Clement Jones

    Investors are facing a new kind of competition from condo developers offering rent-to-own programs for young Canadians who’d rather own than lease, despite tighter mortgage rules.

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